Tuesday, August 18
Markets regulator Sebi on Wednesday extended the timeline till March 1 for the implementation of an additional incentives structure for mutual fund distributors for onboarding new individual investors from B-30 cities and new women investors from any city. Earlier, the new incentive structure, aimed at promoting wider outreach and awareness, was scheduled to be effective from February 1, 2026. According to the classification used in the mutual fund industry, B-30 refers to places beyond the top 30 cities. Based on the feedback received from the industry, citing operational difficulties in putting in place the requisite systems and processes for smooth implementation of the additional incentive structure, Sebi has decided to extend the implementation timeline. Accordingly, the new provision
The Department of Homeland Security said Tuesday that it launched what it described as the largest immigration enforcement operation ever carried out by the agency - with 2,000 federal agents and officers expected in the Minneapolis area for a crackdown tied in part to allegations of fraud involving Somali residents."The largest DHS operation ever is happening right now in Minnesota," the department said in a post on X, dramatically expanding the federal law enforcement footprint in the state amid heightened political and community tensions. The government planned to send about 2,000 Immigration and Customs Enforcement agents and officers to Minnesota, according to a U.S. official and a person briefed on the matter. The agents are expected to be dispatched in the Minneapolis-St. Paul area,
