Guidelines for Responsible Lending Conduct – Release of Movable / Immovable Property Documents on Repayment/ Settlement of Personal Loans
RBI vide circular dated September 13, 2023 has issued a guidelines for Responsible Lending Conduct – Release of Movable / Immovable Property Documents on Repayment/ Settlement of Personal Loans. These Directions shall be applicable to all cases where release of original movable / immovable property documents falls due on or after December 1, 2023.
PM Vishwakarma Scheme guidelines for lending institutions
RBI has directed eligible lending institutions to comply with the Scheme guidelines issued by the Ministry of Micro, Small and Medium Enterprises, for appropriate action.
Reserve Bank of India (Classification, Valuation and Operation of Investment Portfolio of Commercial Banks) Directions, 2023
The revised Directions include principle-based classification of investment portfolio, tightening of regulations around transfers to/from held to maturity (HTM) category and sales out of HTM, inclusion of non-SLR securities in HTM subject to fulfilment of certain conditions and symmetric recognition of gains and losses.
MCA extends the tenure of the Company Law Committee by one year
The ongoing review of corporate laws by the Company Law Committee is thereby extended by one year.
RBI issues list of NBFCs in the Upper Layer (NBFC-UL) for the year 2023-24
In terms of the framework, once an NBFC is classified as NBFC-UL, it shall be subject to enhanced regulatory requirement, at least for a period of five years from its classification in the layer, even in case it does not meet the parametric criteria in the subsequent year/s.
NMC notifies FAQs on CBME Course Curriculum
The National Medical Commission (NMC) has released a set of Frequently Asked Questions (FAQs) to provide clarity on the Competency-Based Medical Education (CBME) course curriculum.
NMC publishes FAQs on UG MSR 2023
The National Medical Commission (NMC) has released a set of Frequently Asked Questions (FAQs) to provide clarity on the “Guidelines for Establishment of New Medical Institutions, Starting of New Medical Courses, Increase of Seats for Existing Courses, and Assessment and Rating Regulations for Undergraduate Medical Education, 2023 (UG-MSR 2023).” These FAQs were published on 13th September, 2023.
CDSCO Grants Approval to Private Testing Laboratories to test Cough Syrups to be Exported
Central Drugs Standard Control Organisation (CDSCO) has granted approval to 3 NABL Accredited Private Testing Laboratories to test cough syrups to be exported by manufacturers and authorised persons of manufacturers/ exporters. This notice was issued on 13th September, 2023.
MoP withdraws Guidelines regarding Discoms drawing Power after Expiry of PPA
Post PPA expiration, both parties are afforded the liberty to decide whether to enter into another agreement for the purchase or sale of power. Alternatively, the generator has the option to sell power through exchanges or enter into bilateral agreements with entities of their choosing. This approach ensures the establishment of a fair and competitive marketplace.
