Reserve Bank of India (Information Technology Governance, Risk, Controls and Assurance Practices) Directions, 2023
The Reserve Bank of India (Information Technology Governance, Risk, Controls and Assurance Practices) Directions, 2023 is issued to incorporate, consolidate and update the guidelines, instructions and circulars on IT Governance, Risk, Controls, Assurance Practices and Business Continuity/ Disaster Recovery Management.
Release of the India Finance Report of the Centre for Advanced Financial Research and Learning (CAFRAL)
The first flagship publication of the Centre for Advanced Financial Research and Learning (CAFRAL) with the title “India Finance Report 2023” (IFR 2023) was released by Shri Shaktikanta Das, Governor, Reserve Bank of India (RBI).
Procedural framework for dealing with unclaimed amounts lying with entities having listed non-convertible securities and manner of claiming such amounts by investors
As there was a need to standardize the process to be followed by a listed entity for transfer of such amounts to Escrow Account and by the investors for making claims thereof, a framework has been created for defining the manner of transfer of such unclaimed amounts by a listed entity to an Escrow Account and claim thereof by an investor.
Procedural framework for dealing with unclaimed amounts lying with Infrastructure Investment Trusts (InvITs) and manner of claiming such amounts by unitholders
Any amount remaining unclaimed or unpaid out of the distributions declared by a InvIT shall be transferred to the ‘Investor Protection and Education Fund’ constituted by the Board.
Procedural framework for dealing with unclaimed amounts lying with Real Estate Investment Trusts (REITs) and manner of claiming such amounts by unitholders
Any amount remaining unclaimed or unpaid out of the distributions declared by a REIT shall be transferred to the ‘Investor Protection and Education Fund’ constituted by the Board.
NMC to enhance Medical Education Counselling
The National Medical Commission (NMC) has held a meeting to enhance the medical education counselling process at a national level. This meeting was convened under the Chairman of the NMC on 8th November, 2023.
Nominations Invited for National Florence Nightingale Nurses Award 2024
The National Florence Nightingale Nurses Award is given as a mark of recognition for the meritorious services rendered by nursing professionals in the country. It is open to nurses employed in central, state/ UTs, private, missionary and voluntary organisation. The award consists of cash of Rs. 50,000, a certificate and a medal.
FSSAI Approves Methods of Testing for Fortified Rice Kernel Analysis
These methods have undergone rigorous scrutiny by the scientific community and are deemed to provide accurate results, setting a new standard for assessing the nutritional content of fortified rice. The directive from the Scientific Panel mandates all food testing laboratories to adopt these approved methods with immediate effect.
Central Government Sets Date for Jan Vishwas Act Amendment on Food Safety
The Jan Vishwas (Amendment of Provisions) Act, 2023 has watered down the punitive actions under the Food Safety and Standard Act, 2006. It has substituted punishments with penalties. In some cases, it has reduced the gravity of penalties under the Food Safety and Standard Act, 2006.
Karnataka Compulsory Service by Candidates Completed Medical Courses (Amendment) Ordinance, 2023
The Karnataka Government issued an Ordinance in the Official Gazette on 8th November, 2023, to amend the Karnataka Compulsory Service by Candidates Completed Medical Courses Act, 2012 (Karnataka Act 26 of 2015). Both Houses of the State Legislature were not in session thereby to the satisfaction of the Governor’s immediate action was taken to implement […]
