253 participants bid to give 25.59 billion dollars at the auction to the RBI.
The Rupee funds will be deposited by the RBI against the current accounts of successful bidders.
During the reverse leg of the swap deal, Rupee money will be paid back to the RBI including the swap premium after the six month period to be returned the US dollars.
New MSME 2025 category
Investment and turnover limits at which all MSMEs are to be classified will be raised two and a half times, and two times respectively.
The upper limit of investment, when a micro enterprise is classified, is at Rs 2.5 crore.
In the case of small enterprises, this cap is increased to Rs 25 crore, whereas in the cases of medium enterprises it becomes Rs 125 crore.
On the same note, the limit on turnover threshold of such categories is Rs 10 crore, 100 crore and 500 crore in case of micro enterprises, small and medium enterprises respectively.
In fact, now immediately there are more than one crore registered MSMEs with the employment of 7.5 crore people and producing 36 percent of our manufacturing.
New Guidelines to the Market Infrastructure Institutions
SEBI has issued the principles of assessing the effectiveness of statutory committees of market infrastructure institutions (MIIs).
The guidelines direct the MIIs to engage a third party external agency to review their performance and overseeing activities of their statutory committees and this should be done once in every three years.
Stock exchanges, clearing corporations and depositories are forming the MIIs.
The initial assessment is to be done in the financial year 2024-2025 where a report should be submitted on or before September 30, 2025.
The gold investments in India 2024
The Gold investments in India rose by 60 percent in 2024, hitting 18 billion dollars (about 1.5 lakh crores), as compared to the previous year.
The World Gold Council (WGC) report further indicated that the gold investment demand was 239 tonnes and the strongest since the year 2013.
Comparing to the previous year of 2023, there was a 29 percent boost in the amount with 185 tonnes instead of 144 tonnes.
The country invested 239 tonne of gold representing 2 out of ten of the gold demand in this category which is 1,180 tonne in the year 2024.