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Recent Current Affairs related to MCA

4 News
10 June 2026 BUSINESS

The Ministry of Corporate Affairs (MCA) has approved the incorporation of Mahindra Manulife Insurance Ltd (MMIL). It is a 50:50 life insurance joint venture between the Mahindra Group (India) and the Manulife Financial Corporation (MFC) (Canada).

The venture aims to provide AI-native and digitally-led insurance solutions across rural, semi-urban, and urban India, aligning with the vision of “Insurance for All”.

4 June 2026 BUSINESS

The Ministry of Corporate Affairs (MCA) has notified the ‘Companies (Corporate Social Responsibility Policy) Amendment Rules, 2026’.

Under this, companies are permitted to channel up to 10% of their annual mandatory Corporate Social Responsibility (CSR) expenditure into Zero Coupon Zero Principal (ZCZP) instruments listed on Social Stock Exchanges (SSEs). Companies must direct the remaining 90% of their CSR spending toward traditional community implementation routes.

The NPO issuing the ZCZPs is responsible for project execution and evaluation, and must complete the funded public welfare project within 3 succeeding financial years from the date of issue.

14 May 2026 AGREEMENTS

The Investor Education and Protection Fund Authority (IEPFA) under the Ministry of Corporate Affairs has signed an MoU with Prasar Bharati, the public service broadcaster of India, to enhance investor awareness across the country. Under the partnership, informative scroll messages will be broadcast on Doordarshan (DD) across its national and regional networks.

29 April 2026 NATIONAL

The Ministry of Corporate Affairs (MCA), in consultation with the Department of Higher Education (DoHE) under the Ministry of Education (MoE), has expanded the eligibility criteria for the pilot phase of the ‘Prime Minister Internship Scheme’ (PMIS) to include final-year undergraduate and postgraduate students.

The age limit for PMIS is revised to 18-25 years (from the previous 21-24 years), while maintaining all other conditions. The Government of India (GoI) has increased the monthly stipend to ₹9,000 for the one-year internship, with 90% of the funding provided by the government. Additionally, interns will receive financial assistance of ₹6,000, disbursed in two installments.

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