Indian capital market regulator SEBI issued guidelines regarding execution of ‘Demat Debit and Pledge Instruction’ (DDPI) for transfer of securities towards deliveries or settlement obligations and pledging and re-pledging of securities. SEBi has decided to widen the scope of DDPI to include Mutual Fund transactions being executed on Stock Exchange and tendering shares in open offers through Stock Exchange platforms

The Reserve Bank of India has approved the appointment of Prashant Kumar as Managing Director & Chief Executive Officer (MD &CEO) of Yes Bank for three years. Earlier, the alternate Board of the private sector lender recommended to the Reserve Bank of India for its approval for the appointment. Before joining Yes Bank, Prashant Kumar was Deputy Managing Director & CFO of the State Bank of India (SBI).

Small Industries Development Bank of India (SIDBI) and Dun & Bradstreet, business decision data and analytics provider, partnered to launch a SIDBI -D&B Sustainability Perception Index (SIDBI – D&B SPeX) for MSMEs. The customised index will be presented as a quantitative measurement for policy makers and enablers to nudge businesses towards adopting an ESG framework in their business strategy.

The National Payments Corporation of India (NPCI) has reappointed Dilip Asbe as the Managing Director and Chief Executive Officer (MD & CEO) of the company for a period of five years. Dilip Asbe took over as MD&CEO of NPCI in January 2018. NPCI is an umbrella organisation for operating retail payments and settlement systems in India.

Amazon announced its first solar project in India with three new solar farms in Rajasthan, with a combined energy capacity of 420 megawatts (MW). Amazon aims to use 100% renewable energy across its business by 2025. The Indian project includes a 210-MW project to be developed by ReNew Power, a 100-MW project to be developed by Amp Energy India, and a 110-MW project to be developed by Brookfield Renewable Partners.

As per the findings of the National Health Accounts (NHA) Estimates for India for 2018-19, there has been an increase in the share of government health expenditure in the total GDP of the country. The share has increased from 1.15% in 2013-14 to 1.28% in 2018-19. In 2017-18, it was at 1.35 %. The share of Government Health Expenditure in Total Health Expenditure has also increased in 2018-19 at 40.6%.