Privatization of Space in India: Navigating Legal Challenges and Opportunities
The Indian space sector is witnessing a surge in private sector involvement. With the successful launch of India’s first privately developed rocket, Vikram-S, by Skyroot Aerospace and notable recent investments in Indian space startups like Pixxel, Digantara and Agnikul Cosmos, there is a growing anticipation of increased participation from private…
Decoding RBI’s Regulatory Norms for Consumer Credit and Bank Credit to NBFCs
Background The Reserve Bank of India (RBI) Governor in his statement on October 6, 2023, while taking note of the high growth in certain components of personal loans, highlighted the need to institute mechanisms in order to monitor this growth and address potential stress. Following his statement, the RBI by…
RBI’s Crackdown on Evergreening
Background The Reserve Bank of India (RBI) recently issued a notification raising concerns arising from investments by entities regulated by it (Regulated Entities) in units of alternative investment funds (AIFs). The notification dated December 19, 2023 (Notification) aims to curb potential regulatory risks associated with the substitution of direct loan…