Inside Naoero’s $90,000 citizenship offer and extra fees

Naoero, previously known as Nauru, has introduced a program that offers citizenship to individuals contributing to climate adaptation funding. The initiative focuses on securing finances necessary for relocating vital infrastructure and families further inland, in response to the increasing threats posed by rising sea levels and coastal flooding. Those who successfully navigate the rigorous application…

RBI upper-layer NBFC list to come out soon

The Reserve Bank of India will soon release a list of upper-layer NBFCs. New principle-based regulations will classify these financial companies into different layers. Companies in the upper layer will be required to publicly list their shares. Tata Sons may be included on this upcoming list of NBFCs. The central bank has not published this…