Hungary will have first Indian University Soon
Chairman of the Foreign Affairs Committee of the Hungarian National Assembly and Vice Chairman met Maharashtra Governor at Raj Bhavan Mumbai on (11 Jan). Speaking on the occasion Committee Chairman expressed the need to establish cooperation between universities in Maharashtra and Hungary. Stating that higher education, especially medical science is an important area of cooperation, he expressed the hope that Hungary will have an Indian University.
Government has issued orders to set up a Rescue Treatment and Rehabilitation Centre in Coimbatore Forest Division
The Government of Tamil Nadu has issued orders to set up a Rescue Treatment and Rehabilitation Centre at Pethikuttai in Coimbatore Forest Division at a cost of Rs.19.50 crores. The center will watch on the Rescue of injured, orphaned and sick wild animals, provide expertise for scientific quarantine, rehabilitation and release of wild animals in identified habitats, function as a leading institution for consultation and guidance for addressing human animal conflict issues and develop and standardize protocols for rescue and rehabilitation of wild animals in their traditional habitats.
RBI issues Credit/Investment Concentration Norms
NBFC-BL shall put in place an internal Board approved policy for credit/investment concentration limits for both single borrower/party and single group of borrowers/parties. In case of NBFC UL, to be eligible as a credit risk transfer instrument, guarantees shall be direct, explicit, irrevocable and unconditional.
Draft circular on ‘Review of regulatory framework for HFCs and harmonization of regulations applicable to HFCs and NBFCs’
Master Direction – Non-Banking Financial Company – Housing Finance Company (Reserve Bank) Directions, 2021 has prescribed periodicity of IS Audit is prescribed. It is now advised that the Audit Committee must ensure that an Information System Audit is conducted as per the periodicity prescribed in Master Direction on Information Technology Governance, Risk, Controls and Assurance Practices dated November 07, 2023, as amended from time to time.
Draft Framework for Self-Regulatory Organization(s) in the FinTech Sector
Comments / Feedback from stakeholders and members of the public on the draft framework may be sent by end February 2024, through e-mail. The final framework will be issued taking into account stakeholder and public responses.
Guidelines for AIFs with respect to holding their investments in dematerialised form and appointment of custodian
The SEBI has mandated that as per Regulation 15(1)(i) of AIF Regulations, all AIFs must hold their investments in a dematerialized form and has issued guidelines and timeline for the same.
Policy for pre-legislative consultation and comprehensive review of rules and regulations
This comprehensive review exercise is set to begin on January 1, 2024, and is expected to be completed within the financial year 2024-25. The Ministry’s initiative is a commendable step towards democratizing the process of rule-making and regulation. By actively involving the public and other stakeholders, the policy ensures that the legal framework is not only developed with a top-down approach but is shaped by the experiences, needs, and insights of those it impacts the most.
SEBI launches Facility of voluntary freezing/ blocking of Trading Accounts by Clients
It has been decided that the framework for Trading Members to provide the facility of voluntary freezing/blocking the online access of the trading account to their clients on account of suspicious activities shall be laid down on or before April 01, 2024, by the ISF, under the aegis of stock exchanges, in consultation with SEBI.
Pharmacy Institutions to Utilize DIGIPHARMed Portal for Student Registration
This initiative aims to streamline student registration and enhance the overall efficiency of the academic process. It is crucial for institutions to promptly verify student details, as these will be cross-checked by inspectors during routine inspections.
MNRE Publishes Details of Secretaries (DRC) of REIAs
The Ministry of New & Renewable Energy (MNRE) has announced the secretaries to the Dispute Resolution Committee (DRC) for the respective Renewable Energy Implementing Agencies (REIAs). This order was issued on January 12, 2024.
