RBI Expands Liberalised Remittance Scheme to Enhance Financial Flexibility
In a strategic move to increase financial flexibility within Gujarat International Finance Tec-City (GIFT City), the Reserve Bank of India (RBI) has widened the scope of remittances under the Liberalised Remittance Scheme (LRS). This significant development now allows Indian residents to open foreign currency accounts (FCAs) within GIFT City’s International Financial Services Centres (IFSCs). This initiative, announced by the RBI on Wednesday, is set to streamline international financial transactions for Indian residents, offering them new avenues for managing their foreign currency holdings and investments.
Previously, remittances under the LRS were restricted primarily to paying educational fees at foreign universities and investments in IFSCs. The recent decision by the RBI broadens this scope significantly, enabling Indian residents to remit funds for a wider range of purposes. This includes accessing financial services or products internationally, in accordance with the IFSC Authority Act, 2019. The IFSC within GIFT City is a specialised zone where international financial transactions are conducted, serving both Indian and foreign entities under a robust regulatory framework.
Read More:(https://theleadersglobe.com/money/rbi-expands-liberalised-remittance-scheme-to-enhance-financial-flexibility/)
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Exciting time Ahead for the iGaming Industry - Technology Org
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Exciting time Ahead for the iGaming Industry - Technology Org
Online gaming has seen many changes in the past decade. It’s an industry that gives a very blank disapproving look when the possibility of ‘standing still’ is mentioned. Just what might happen in the future?
Online gaming – illustrative photo. Image credit: Florian Olivo via Unsplash, free license
The arrival of the internet began the revolution. Faster and cheaper broadband connections have made life even easier. Those days of screens being frozen just at the wrong moment have faded away.
All of these improvements have led to a hugely successful business being created. Whether it be playing games or placing online bets, there are massive profits being made.
The gambling industry has in particular seen massive expansion. Over 30 US states have now made sports betting legal, also in other countries including the UK you can place a bet and visit Twin.com via this link.
Security is important when you go online and that’s particularly the case with the payment method employed. A growing number of gaming sites are now using cryptocurrencies as this can give additional protection against online fraudsters.
The amount of personal information that must be used is considerably less if using cryptocurrencies. If there is a cyber attack then the fraudsters are going to be disappointed with what they find.
Being able to make financial transactions is also a smoother and swifter process, particularly with withdrawals. The latter is particularly important as players do not want to be waiting a long time before accessing what are hopefully good winnings.
When it comes to playing video games, hardware can still be an expensive purchase. The introduction of cloud gaming is making it cheaper to enjoy your favorite games. All you need is an internet connection and access to top titles is achieved.
This can help online casinos too with the ability to further extend the reach they already have. New markets can be entered into and that can only mean more profits on the way.
Back to never standing still and Virtual Reality (VR) and Augmented Reality (AR) are the next big steps forward.
Those VR helmets may look rather silly but there’s a whole new world of entertainment waiting out there. Massive investment is taking place to ensure that the very best use of the metaverse can take place in the coming years.
Whether it’s playing games in alien worlds or a poker game in a top casino, it’s all available with this new technology. With AI also making a presence, the future looks very bright indeed.
Esports are also becoming increasingly popular with big cash prizes to be won. The gambling industry also embraced them especially when the pandemic saw top sporting events postponed.
An exciting time lies ahead for online games and gambling. It’d be interesting to see what a similar article will feature in say 2034.
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Special Purpose Acquisition Companies (SPAC) - Structuring, Accounting, and Risk Management
Special Purpose Acquisition Companies (SPACs) have emerged as a noteworthy alternative to traditional initial public offerings (IPOs) in recent years, providing a unique avenue for companies to access public markets. While the allure of SPACs continues to grow, they are not without their complexities. Gaining a transactional understanding of SPACs is just the tip of the iceberg. Professionals venturing into this arena also face intricate accounting challenges, especially when navigating the divergent landscapes of US GAAP and IFRS. Beyond accounting, there's a plethora of risk management issues to be addressed, ranging from regulatory concerns to market uncertainties. As SPACs continue to gain traction, a holistic understanding of these critical aspects becomes imperative for stakeholders.
Shasat, a prominent name in the financial education sphere, has recently unveiled a comprehensive two-day course that promises to be a game-changer for financial professionals, accountants, legal experts, and all those vested in the world of finance. The course, titled "Special Purpose Acquisition Companies (SPACs) Accounting & Structuring: Mastering US GAAP and IFRS," is set to become a cornerstone in understanding the intricate world of SPACs, their structures, and the accounting principles governing them under US GAAP and IFRS.
SPACs, or Special Purpose Acquisition Companies, have garnered considerable attention as an alternative to the traditional Initial Public Offerings (IPOs) in recent years. Shasat's new program is tailor-made to provide a profound understanding of SPACs, their inner workings, and the regulatory framework that surrounds them. The course aims to equip participants with the knowledge and skills to navigate the complex landscape of SPAC transactions confidently.
What sets this course apart is the expertise of its instructors. Shasat has assembled a team of seasoned professionals who will guide participants through the essential aspects of SPACs, covering everything from the key players in SPAC transactions to the capital-raising process and the various stages involved.
Participants will delve into the diverse landscape of SPACs, exploring the different types available, their unique features, and the associated risks and benefits of investing in them. This comprehensive understanding of SPACs sets the stage for in-depth exploration of the accounting and financial reporting requirements specific to SPAC transactions under both US GAAP and IFRS.
The program will not merely scratch the surface of accounting treatment for SPACs; it will delve deep into financial statement preparation, disclosure requirements, and the intricacies of regulatory compliance. Participants will emerge with a thorough grasp of how SPAC transactions are accounted for, setting them apart in their professional careers.
One of the most critical components of SPAC transactions is the structuring of equity instruments. Shasat's course will provide participants with an in-depth understanding of the various equity instruments utilized in SPAC transactions, including common stock, warrants, and rights.
This knowledge will be invaluable as participants explore the associated risks, legal considerations, pricing strategies, and allocation techniques for these instruments. In essence, by the end of the course, participants will have a practical understanding of equity instruments used in SPAC transactions and the crucial considerations involved in their structuring.
The benefits of this program extend far beyond theoretical knowledge. Upon completing the course, participants will have a practical, hands-on understanding of the essential elements of SPACs, their structures, accounting intricacies, and the regulatory requirements associated with them under both US GAAP and IFRS. Armed with this knowledge, they will be prepared to navigate the often complex world of SPAC transactions with confidence and clarity.
Shasat's commitment to providing a comprehensive learning experience is clearly reflected in the key learning features offered by the course. Participants can expect to develop a deep understanding of Special Purpose Acquisition Companies (SPACs) and their significance within the financial market. They will also acquire knowledge of various structuring techniques commonly employed in SPAC transactions, along with a thorough understanding of the regulatory requirements and disclosure considerations associated with these transactions.
Moreover, participants will master the intricacies of accounting for SPAC transactions under both US Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS). This includes the preparation of financial statements and pro forma financial statements. The course also delves into the role of auditors in SPAC transactions and provides insights into audit requirements.
To enhance the practical application of this knowledge, participants will gain valuable insights from industry experts and practitioners. They will actively engage in interactive case studies and group discussions to apply their newly acquired skills. Additionally, the course offers an opportunity to build a network of peers and industry professionals specializing in the SPAC domain, further enriching the learning experience.
The program is being conducted at various locations, making it accessible to a global audience. Here is the schedule of upcoming programs by Shasat. However, we recommend you continue to visit Shasat's website for the most up-to-date program schedules.
SPAC Accounting & Structuring: Mastering US GAAP and IFRS | GID 53001 | Chicago: Dec. 6-7, 2023
SPAC Accounting & Structuring: Mastering US GAAP and IFRS | GID 53002 | Miami: Dec. 20-2,1 2023
SPAC Accounting & Structuring: Mastering US GAAP and IFRS | GID 53003 | New York: Dec. 14-15, 2023
SPAC Accounting & Structuring: Mastering US GAAP and IFRS | GID 53004 | London: Nov. 9-10, 2023
SPAC Accounting & Structuring: Mastering US GAAP and IFRS | GID 53005 | Singapore | Oct. 20-21, 2023
SPAC Accounting & Structuring: Mastering US GAAP and IFRS | GID 53006 | San Francisco: Oct. 12-13, 2023
SPAC Accounting & Structuring: Mastering US GAAP and IFRS | Zurich: Nov. 13-14, 2023
SPAC Accounting & Structuring: Mastering US GAAP and IFRS | GID 53008 | GID 53007 | Toronto: Oct. 27-28, 2023
SPAC Accounting & Structuring: Mastering US GAAP and IFRS | GID 53000 | Online | In-House | Available on Request
For more details and to enrol in US GAAP Courses, please visit:
https://shasat.co.uk/product-category/us-gaap-courses/
Shasat's launch of the SPAC Accounting & Structuring course is a significant step forward in the world of financial education. This program promises to empower professionals with the knowledge and skills needed to excel in the dynamic and rapidly evolving landscape of SPAC transactions. For those looking to stay ahead in the financial industry, this course is a must-consider opportunity.
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What Is Name Matching And Why Is It Important To The Financial Industry
What Is Name Matching And Why Is It Important To The Financial Industry
Name Matching
In today’s world, what’s in a name can be very, very important in terms of whether or not you are able to handle your financial transactions in the manner you expected.
Even though state-of-the-art technology is now available to verify your identity, the fact is human error still plays quite a role when mistakes are made.
To solve this problem, name matching is relied upon now more…
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