The Government of Andhra Pradesh commences Andhra Pradesh Inland Waterways Authority Act, 2023
The AP Inland Waterway Authority Act 2023 is a positive step towards harnessing this latent potential and maximizing its benefits. By leveraging the state’s water resources, the act aims to create an interconnected network of waterways that can facilitate the movement of goods and passengers.
Applications Open for Various Positions in the NMC
The Ministry of Health and Family Welfare (MoHFW) has invited applications for the positions of Chairman, Secretary, and Member of the National Medical Commission (NMC), as well as President and Members of the Autonomous Boards of the NMC. The last date for receipt of applications is 30th June, 2023, no later than 4 pm Indian Standard Time.
Ministry of New & Renewable Energy Revises Dispute Resolution Mechanism for Renewable Energy Projects
The new Dispute Resolution Mechanism aims to establish a transparent and unbiased process through an independent Dispute Resolution Committee (DRC). The committee, consisting of eminent individuals of impeccable integrity, will be set up with the approval of the Minister of New & Renewable Energy.
Surrogacy (Regulation) Amendment Rules, 2023
The Amendment Rules include a new clause in the Surrogacy Rules. The addition of this clause aims to define the term “Couple of Indian Origin” in the context of surrogacy arrangements in India.
Graduate Medical Education Regulations, 2023
These regulations set forth new guidelines for medical institutions and deemed universities to improve the quality of undergraduate medical education and ensure the overall welfare of students. The regulations aim to create a comprehensive and competent curriculum, promote competency-based medical education, encourage self-directed learning, and maintain high ethical standards.
Establishment of New Medical Institutions, Starting of New Medical Courses, Increase of Seats for Existing Courses & Assessment and Rating Regulations, 2023
The Medical Assessment and Rating Board (MARB) has introduced a new mandate stating that no medical college or medical institution can be established, and no new medical course can be started without obtaining written permission from the MARB. Medical institutions must obtain permission from the MARB to increase the number of seats.
RBI Guidelines on Default Loss Guarantee (DLG) in Digital Lending
Arrangements between Regulated Entities (REs) and Lending Service Providers (LSPs) or between two REs involving default loss guarantee (DLG), commonly known as FLDG, has been examined by the Bank and it has been decided to permit such arrangements.
Framework for Compromise Settlements and Technical Write-offs
The Prudential Framework for Resolution of Stressed Assets dated June 7, 2019 provides a broad principle-based framework. With a view to provide further impetus to the same, as well as to harmonize the instructions across all regulated entities, Statement on Developmental and Regulatory Policies dated June 08, 2023 has proposed to Issue a comprehensive regulatory framework governing compromise settlements and technical write-offs covering all regulated entities.
SEBI Clarification regarding Online processing of investor service requests and complaints by RTAs
Holders of physical security certificates are required to submit various documents to the RTAs with respect to various service requests/ complaints. It is proposed to digitize this process in two phases and provide a mechanism for the investor to lodge service requests and complaints online and thereafter track the status and obtain periodical updates
SEBI revises directions for mutual funds to participate in repo transactions on Corporate Debt Securities
The prior circular provides that the Mutual funds shall participate in repo transactions only in AAA rated corporate debt securities. The new directions allows Mutual Funds to participate in repos on following corporate debt securities: (a)Listed AA and above rated corporate debt securities (b) Commercial Papers (CPs) and Certificate of Deposits (CDs).
