Revised framework for upstreaming of clients’ funds by Stock Brokers (SBs) and Clearing Members (CMs) to Clearing Corporations
The Securities and Exchange Board of India (SEBI) recently issued a circular on December 12, 2023, addressing the upstreaming of clients’ funds by Stock Brokers (SBs) and Clearing Members (CMs) to Clearing Corporations (CCs). This circular revises the framework outlined in previous circulars and aims to enhance operational efficiency while ensuring the safety of clients’ funds.
Draft of Insurance Regulatory and Development Authority of India (Registration and Operations of Foreign Reinsurers Branches & Lloyd’s India) Regulations, 2024
All the stakeholders are requested to forward their comments / suggestions, if any, on the proposed regulations (Annexure-A) in the attached format (Annexure- B) on or before 5:00 PM on 03 January, 2023 to actuarial-policy@irdai.gov.in with a copy to urmi.jain@irdai.gov.in and narendra@irdai.gov.in.
Insurance Regulatory and Development Authority of India (Insurance Products) Regulations, 2023
All the stakeholders are requested to forward their comments / suggestions, if any, on the proposed regulations (Annexure-A) in the attached format (Annexure- B) on or before 5:00 PM on 03 January, 2023 to actuarial-policy@irdai.gov.in with a copy to urmi.jain@irdai.gov.in and narendra@irdai.gov.in.
Informal Guidance on AIF investments
SEBI has clarified that Investment in Mutual Funds is not covered under permissible investments by a Category III AIF.
Review meeting on Hyderabad Metro Rail Project
Government takes a balanced approach between welfare schemes and development of the city, he directed the senior officers to come up with a Master plan for the city, including beautification of Musi River and making use of the right of way available along its banks to plan for east-west road-cum-Metro Rail connectivity from Nagole to Gandipet, duly connecting the intercity bus terminal of MGBS.
Draft Electricity (Rights of Consumers) Second Amendment Rules, 2023
These rules state that on request of any owner or occupier of any premise in a Group Housing Society or Residential Colony or Resident Welfare Association, the distribution licensee shall provide individual connection for supply of electricity. The draft rules also provide that the distribution licensee shall provide a separate connection for supply of electricity for Electric Vehicle (EV) charging system. Comments or suggestion on these draft rules have been invited up to January 12, 2024. The comments shall be in a word file and can be emailed to debranjan.chattopadhyay@nic.in and narendra.kumar65@nic.in
Draft Electricity (Late Payment Surcharge and Related Matters) (Amendment) Rules 2023
These proposed amendments aim to create a more accountable and efficient electricity payment system, providing clear guidelines for addressing non-payment issues while maintaining a balance between the interests of generating companies and distribution licensees. The emphasis is on timely payments and securing the power supply chain for a robust and sustainable energy ecosystem.
CPCB Offers Specialized Training Programs for Financial Year 2023-24
The training programs are designed for a diverse range of professionals involved in pollution control and environmental management. Target groups include Pollution Control Boards/Committees, Environmental Departments and Ministries, Municipalities, Public Health Departments, Environmental Laboratories, Industries, Hospitals, Industrial Associations, NGOs, and other relevant government departments engaged in pollution prevention, control, or abatement.
Air Quality Report for NCR Cities/Towns
The Commission for Air Quality Management in National Capital Region and Adjoining Areas (CAQM) has published the Air Quality Report for NCR Cities/Towns. This report was generated for December 17, 2023 at 4 PM. The latest Air Quality Index (AQI) readings for various cities and towns have been released indicating a diverse range of air quality conditions.
JN.1 Subvariant of COVID-19 Detected in Kerala
The Union Ministry of Health is actively engaged in continuous communication with the State Department of Health in Kerala, closely monitoring various points of entry. As the situation unfolds, health authorities are emphasizing the importance of adherence to safety protocols and encouraging the public to remain vigilant in preventing the spread of COVID-19.
