NEW GUIDELINES
Navigating climate risks: India's financial sector gears up for transparency with RBI's draft guidelines
The introduction of the disclosure framework is a laudable first step, signalling a concerted effort towards addressing climate risks and fostering climate action within the financial sector.
Space regulator nod must from April 1 next year for use of non-Indian satellites
The Indian government has issued an advisory requiring satellite television broadcasters to obtain authorisation from IN-SPACe, India's space regulator, for using non-Indian satellites starting from April 1, 2025. This directive aligns with the Indian Space Policy-2023 implemented by IN-SPACe, which mandates that only authorised non-Indian satellites can provide services in India.
This new RBI rule can lower loan costs for you; comparison of home loan charges of SBI, HDFC Bank, ICICI Bank, PNB, Kotak Mahindra Bank
Here are some processing fee and part payment charges of home loan of top banks like State Bank of India (SBI), HDFC Bank, ICICI Bank, Kotak Mahindra Bank and Punjab National Bank (PNB).
Paytm Bank, auditor lock horns over business viability
Paytm Payments Bank faces audit qualification disputes over viability, seeking RBI intervention. Compliance issues led to operational restrictions, prompting directions to transfer businesses. KYC guideline non-compliance has halted income generation and eroded net worth.
Cholesterol test at age 18, Non-fasting measurement: Cardiologists Suggest New Guidelines on how to prevent heart attacks
The Cardiologist Society of India (CSI) now recommends lipid profiles starting at age 18, with non-fasting measurements as the new norm. These guidelines address India's high dyslipidemia rates and unique lipid profile, emphasizing early detection and lifestyle changes. High-risk patients should aim for aggressive LDL-C targets. These measures aim to reduce cardiovascular diseases in India.
MNRE issues incentive guidelines for green hydrogen producers under SIGHT scheme
Solar Energy Corporation of India (SECI) is the implementing agency for this tranche as well. The Request for Selection (RfS) shall be issued by SECI shortly. The bidding shall be based on the least average incentive quoted by the bidder. The minimum bid under bucket-I is 10,000 TPA while the maximum bid is 90,000 TPA.
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Sebi issues new guidelines to streamline operations of credit rating agencies
Markets regulator Sebi has issued new guidelines to streamline operations and enhance the ease of doing business for credit rating agencies. The circular introduces specific timelines for dealing with appeals made by companies regarding rating actions carried out during periodic surveillance of ratings.
Need to sensitise foreign nationals on organ transplant guidelines in India: Health ministry
"It is essential for these foreign nationals visiting India for organ transplant to understand the specific guidelines and legal requirements that regulate the process of organ transplantation in India," Chandra said in the letter addressed to Union Home Secretary Ajay Kumar Bhalla and Union Foreign Secretary Vinay Mohan Kwatra on June 19.
If you test positive for COVID, can you still travel?
With variants KP.2, KP.3, and LB.1 surging, the CDC advises isolation if symptomatic, testing kits, masks, and medications for July 4 travelers. Vicki Sowards suggests Paxlovid for high-risk groups. U.S. citizens no longer need vaccine proof/tests. Adhere to physical distancing, good hygiene, and updated vaccines to curb rising hospitalizations and deaths. Follow CDC guidelines for safe travel.
PM2.5 pollution takes 33,000 lives each year in Indian cities, including Delhi and Bengaluru
A study published in The Lancet Planetary Health journal reveals that high levels of PM2.5 air pollution in major Indian cities like Delhi, Bengaluru, and Mumbai are linked to a significant proportion of daily deaths. On average, 7.2% of daily deaths in these cities were attributable to PM2.5 levels exceeding WHO guidelines. Delhi showed the highest fraction of deaths associated with PM2.5 pollution.
Revised mining guidelines to introduce stringent steps to optimise coal extraction: Ministry
The revised mining plan guidelines aim to optimise coal extraction through stringent measures, balancing flexibility for mine owners with responsibility and accountability. The guidelines were discussed during a stakeholders' consultation with 25 coal and lignite mining companies, including PSUs and representatives from various states. The new guidelines focus on sustainable coal mining by including restoration, remediation, and regeneration measures to address environmental and community concerns.
Qila caters to Middle East's region’s data localisation guidelines
The expansion is aimed to provide multiple advantages for enterprises operating in the UAE, which includes data security, compliance with local regulations, and streamlined integration of blockchain technology. Qila’s new cloud data analytics solution TreePye, is designed to optimise cloud usage from both efficiency and cost perspectives.
Sebi issues guidelines for stock bourses, market infra institutions
Functional committees are the member committee, nomination and remuneration committee, oversight committees, standing committee on technology regulatory oversight committee, and risk management committee and investment committee.
Fact Check: IRCTC clears false claims about e-tickets bookings; All you need to know
The spokesperson said up to 12 tickets per month can be booked from an individual's account and if the account-holder is Aadhar-authenticated, he can book 24 tickets per month, provided at least one of the travellers on each ticket is also Aadhar-authenticated.
BIS introduces new safety standards for EVs in India
Bureau of Indian Standards (BIS) introduces safety guidelines for electric vehicles in India, focusing on powertrain components. New rules, IS 18590: 2024 and IS 18606: 2024, aim to enhance safety in L, M, and N vehicle categories.
Centre puts guidelines for curbing pesky call menace in public domain; invites comments
According to estimates, India ranks among the largest markets for SMS phishing, amid a growing mobile user base and low phone tariffs. Some industry estimates say one of every 12 people is vulnerable every month to phishing. More than 120-150 million phishing messages are sent every month, with 60-75 million unique citizens vulnerable to attacks. Roughly 300,000 people get scammed, but only 35,000-45,000 report these incidents.
Curb on unfair GST demand recovery proceedings: GST official needs prior approval from higher authority to act within 3 months of demand
GST demand order: If you have received a GST demand order, you can either it pay it or file an appeal against it. However if GST officials believe that it is necessary to ask for early payment of the demand before the stipulated time period they can do so. However they need to give a justifiable reason to do so.
IBBI issues new guidelines to streamline process of appointing IPs as resolution professionals
The Insolvency and Bankruptcy Board of India (IBBI) issues new guidelines to streamline the appointment of insolvency professionals (IPs) as interim resolution professionals, liquidators, and bankruptcy trustees, effective from July 1, 2024.
Sebi issues financial disincentives guidelines for bourses, other MIIs for surveillance lapses
Sebi on Thursday came out with a framework on "financial disincentives" for stock exchanges and other market infrastructure institutions for their lapses in detecting abnormal or suspicious trading activities to safeguard the interest of retail investors.
RBI, payment industry meet discusses contours of new draft PA guidelines
The digital payments industry representatives met with senior officials of the Reserve Bank of India to share their feedback on the recently released draft guidelines for payment aggregators. This comes when US payment giant Stripe seems to be withdrawing from the domestic payments market in India.
Govt asks insurance companies to roll out daycare package for Ayush patients
Claims under Ayush - an acronym for Ayurveda, Yoga & Naturopathy, Unani, Siddha and Homoeopathy - rose to ₹78 crore in 2023 from ₹9 crore in 2016.
Sebi's new guidelines on market rumour to help in fair pricing of M&A, other transactions: Experts
Sebi's new guidelines for managing stock price impact arising from market rumours will ensure that the share price used in the merger and acquisition (M&A), buyback, and other transactions are not artificially influenced by speculative market activities, experts said on Wednesday.
Govt to hold 2nd meet with stakeholders to issue draft guidelines for new EV policy
The Ministry of Heavy Industries is drafting guidelines for the new electric vehicle policy to attract global automakers like Tesla. Automakers, including Vietnam's Vinfast, must invest as per the new norms to avail incentives under the Scheme to Promote Manufacturing of Electric Passenger Cars in India (SPMEPCI) approved on March 15, 2024.
New e-car norms on way as India looks to build a China Wall on EV street
The development comes weeks after Tesla chief Elon Musk cancelled his much-hyped visit to India in April. Tesla is yet to communicate its India plans to the government under the new EV policy, the official said. Musk, who was scheduled to visit India April 21-22, postponed his visit at the last moment, citing “very heavy Tesla obligations”.
SC rejects PIL alleging misuse of Ambedkar, Bhagat Singh's names by Kejriwal for personal gains
The Supreme Court rejected a PIL requesting the prevention of misusing national icons for personal gain, deeming it politically motivated. The plea accused Delhi Chief Minister Kejriwal of exploiting icons like Ambedkar and Bhagat Singh. The judges questioned the political nature of the case, prompting the petitioner to withdraw the petition.
Miss USA and Miss Teen USA forced to quit? Shocking 'reasons' revealed
Miss USA 2023 Noelia Voigt has quit from her position due to alleged harassment by the organization. Miss Teen USA Sofia Srivastava too left due to ‘non-alignment’ of personal and organizational values, as per a report.
Indian renewables may get costlier as RBI mulls changes
A top consultancy firm predicts that the Indian central bank's proposals on project financing may raise borrowing costs for renewables projects by up to 1%, potentially leading to increased wind and solar power prices. Lenders may have to reserve 5% of capital for infrastructure projects under construction, compared to the current 0.4% norm. As projects mature and start generating cash, the allocation can decrease to as low as 1%. These changes could make it harder for construction projects to secure financing, impacting the pace of renewable energy deployment as India aims to accelerate green energy installations to meet future goals.
100% sure new RBI guideline on gold financing is not going to impact our volumes: Muthoot Finance
George Alexander Muthoot affirms Muthoot Finance's readiness for the RBI's directive, ensuring seamless transitions to bank transfers for loans exceeding Rs 20,000. Compliance remains a key focus in the NBFC sector, with vigilance against non-compliant lenders. Muthoot says: Nobody is going anywhere because the customer will not get cash elsewhere. All NBFCs are the same way."
PSU bank stocks fall up to 6% as new RBI guidelines spoil mood
PSU bank stocks, including Canara Bank, Punjab National Bank, and Bank of Baroda, plunged up to 6% due to RBI's draft circular proposing stricter project financing guidelines.
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