The Ministry of Civil Aviation on 13th May, 2021 has issued the Aircraft (Second Amendment) Rules, 2021. The amendment provides that It shall be a defense in any proceedings for contravention of or failure to comply with these rules that such contravention or failure is caused or happened due to factors or circumstances beyond the control of the person. The amendment also provides penalty for and procedure for compounding any contravention of the parent act.
RBI FAQs on the circular on ‘Reset of Floating Interest Rate on Equated Monthly Installments (EMI) based Personal Loans’
11 January 2025
The circular exclusively applies to EMI-based personal loans. It does not extend to other loan types, such as business or commercial loans. Personal loans, as
