India’s Social Stock Exchange receives a significant boost. Companies can now channel a portion of their Corporate Social Responsibility spending through this platform. This move aims to broaden funding for non-profit organizations. It also enhances transparency and accountability within the social impact sector. The Ministry of Corporate Affairs has amended rules to facilitate this change.
Fed’s Jefferson urges patience on rates; Kashkari sees more hikes ahead
Federal Reserve Vice Chair Philip Jefferson stated that he sees no immediate need for further interest rate adjustments. He emphasized that future decisions would depend