Master Direction – Reserve Bank of India (Internal Ombudsman for Regulated Entities) Directions, 2023
RBI has issued Master Direction – Reserve Bank of India (Internal Ombudsman for Regulated Entities) Directions, 2023 which mandates regulated entities to appoint an internal ombudsan and explains his obligations.
RBI revises Master Direction – Reserve Bank of India (Commercial Paper and Non-Convertible Debentures of original or initial maturity upto one year) Directions, 2024
The roles and responsibilities of the IPA, Debenture Trustee and Credit Rating Agency (CRA) with respect to the operations in CP and NCD markets are set out in the directions.
RBI releases draft circular on declaration of dividend by banks and remittance of profits to Head Office by foreign bank branches in India
Comments on the draft circular are invited from banks, market participants, and other stakeholders by January 31, 2024 by email.
RBI issues revised instructions for Inoperative Accounts /Unclaimed Deposits in Banks
RBI has issued comprehensive guidelines on the measures to be put in place by the banks covering various aspects of classifying accounts and deposits as inoperative accounts and unclaimed deposits, as the case may be, periodic review of such accounts and deposits, measures to prevent fraud in such accounts/deposits, grievance redressal mechanism for expeditious resolution of complaints, steps to be taken for tracing the customers of inoperative accounts/ unclaimed deposits including their nominees/ legal heirs for re-activation of accounts, settlement of claims or closure and the process to be followed by them.
Jharkhand Goods and Services Tax (Second Amendment) Rules, 2023
The amendments cover a range of areas, including timeframes, processes, and rules related to information submission, registration suspension and revocation, physical verification of business premises, value of supplies, e-way bill generation, compounding amounts for offenses, consent-based information sharing, and notices for return defaulters. Additionally, new forms like FORM GST DRC-01C and FORM GST DRC-01D have been introduced, while existing forms like FORM GSTR-9 and FORM GSTR-9C have been amended.
Applications for Starting New Vocational Schools
For the Academic Year 2024-2025, applications for starting new vocational schools, renewal of accreditation, starting new vocational units / additional units in vocational schools are invited through the websites. Apply through website www.skilltraining.tn.gov.in from 02.01.2024.
Chief Minister of Gujarat Reveals Projects Worth 266 Crores
The Gujarat government has decided to construct 15 iconic bus ports across the state. Currently, 10 bus ports are operational, and today marks the commencement of the 11th bus port in Bhuj. The inauguration of the Bhuj Bus Port means that outstanding facilities will be available not only to tourists in Kutch but to the entire state.
IIT Madras Targets Incubating 100 Start-Ups In 2024
Recognized as one of the top deep-tech start-up ecosystems in India, the IIT Madras Incubation Cell (IITMIC) is the institute’s umbrella body for nurturing, supporting, and overseeing various innovation and entrepreneurship projects. Sharing his targets for 2024, Director, IIT Madras, said, “IIT Madras saw a lot of ambitions realized during 2023. In the past year, we took up several important projects including IITM Zanzibar Campus, which became the first-ever IIT to be established overseas, launched a Department of Medical Sciences and Technology, and are aspiring to do many more things in this direction.”
FAQs For Institutions On PCI Digital Processes
The Pharmacy Council of India (PCI) has observed that institutions utilizing the PCI Digital platform have encountered some common issues. Hence, the PCI has issued FAQs to provide solutions and assistance. These FAQs were published on January 2, 2024.
No Fees To Be Charged For Continuing Nursing Education
The INC has therefore categorically stated that SNRCs shall not charge any fees from either the nursing institutions conducting CNEs or from nurses. Additionally, the INC will launch a portal for uploading information by nursing institutions on the CNE. The SNRCs will be able to use the portal to check the CNE details of the nurses and renew their registrations.
