DPCC issues notice for closure of 551 units/ industries regarding non-compliance of EPR under PWM Rules, 2016.

The DPCC has directed all the Producers in NCT of Delhi to apply online at the website of DPCC at http://dpcc.delhigovt.nic.in for Registration/ Renewal under the PWM Rules 2016 along with copy of Consent obtained/ applied, Extended Producers Responsibility (EPR) Action Plan, endorsed by the Urban Development Department MSME certificate and other related documents within 7 days of issuance of this notice, failing which, action shall be taken against the defaulter units including closure of the unit, disconnection of electricity / water supply and levying of Environmental Compensation as per provisions of the said Rules.

RBI issues clarification on prudential norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances.

RBI has observed that some lending institutions upgrade accounts classified as NPAs to ‘standard’ asset category upon payment of only interest overdues, partial overdues, etc. In order to avoid any ambiguity in this regard, it is clarified that loan accounts classified as NPAs may be upgraded as ‘standard’ asset only if entire arrears of interest and principal are paid by the borrower.

RBI notifies Integrated Ombudsman Scheme, 2021.

The Scheme integrates the existing three Ombudsman schemes of RBI namely, The banking ombudsman scheme 2006, the ombudsman scheme for non-banking financial companies 2018 and the ombudsman scheme for digital transactions, 2019.

RBI announces the activation of RBI Retail Direct Scheme with effect from 12th November 2021.

Under this scheme, retail individual investors will be able to open a Retail Direct Gilt (RDG) Account with the Reserve Bank of India, using an online portal (https://rbiretaildirect.org.in). The investors must have a permanent account number (PAN) issued by the Income Tax Department, a rupee savings bank account maintained in India, documents for KYC and registered email and mobile number.