Cayman Islands grey list tag may hurt FPI investments into India The Cayman Islands, one of India’s richest routes for foreign investments, has been put on the grey list of countries/regions for increased monitoring by the Financial Action Task Force (FATF), an inter-governmental body that sets anti-money laundering standards. It is also the third-most preferred source of foreign direct investments into India, based on the data for the first half of FY21. Read more
Sebi plans change in norms to trim promoters sway on independent directors The market regulator suggested a “dual approval” process for the appointment and removal of independent directors. At present, an independent director can be appointed or removed by way of an ordinary resolution, where all shareholders, including promoters, are allowed to cast their vote. Read more
Read more about Top headlines: Automatic nod for China FDI, Govt eyes Rs 6,200 cr in AGR on Business Standard. After being relegated to the second spot in the previous two fiscal years, China again became India s biggest trading partner in the first nine months of FY21. Read top stories with Business Standard
Read more about Top headlines: New corporate pay structure, mapping deregulation, and more on Business Standard. From investor charter presented in the Union Budget to correction in gold prices, here are the top headlines on Tuesday morning