RBI revised Master Direction on Risk Management and Inter-Bank Dealings
Standalone Primary Dealers may borrow in foreign currency from their parent or correspondent outside India or any other entity as permitted by Reserve Bank of India and avail overdraft in nostro accounts (not adjusted within five days), only for operational reasons. Such borrowings shall be within the limit for foreign currency borrowings prescribed in the Master Direction – Standalone Primary Dealers (Reserve Bank) Directions, 2016 dated August 2016.
RBI directions for issue of Irrevocable Payment Commitments
Only those custodian banks will be permitted to issue IPCs, who have a clause in the Agreement with clients giving the banks an inalienable right over the securities to be received as pay out in any settlement. However, this clause will not be insisted upon if the transactions are pre-funded i.e., either clear INR funds are available in the customer’s account or, in case of FX deals, the bank’s nostro account has been credited before the issuance of the IPC.
RBI releases draft guidelines on ‘Prudential Framework for Income Recognition, Asset Classification and Provisioning pertaining to Advances – Projects Under Implementation’
The Comments on the draft Direction are invited from public/stakeholders by June 15, 2024 by email.
Draft Karnataka Electricity Regulatory Commission (Terms and Conditions for Determination of Generation Tariff) Regulations, 2024
The Karnataka Electricity Regulatory Commission has issued new draft regulations for the determination of generation tariff. These regulations, which cover the sale of infirm power and the supply of coal or lignite, invite stakeholder input and will be in effect from April 1, 2024, to March 31, 2029
Tea Board Publishes NABL Accredited Laboratories Under Integrated Assessment Scheme
The Tea Board has just released its latest list of laboratories approved for its Integrated Assessment Scheme. This list has been updated as of April 24, 2024.
Average Prices of Bought Leaf Factories (BLF) in India for April 2024
The Tea Board has issued a notification on the average prices of Blue Leaf Factories (BLF) in India for the month of April 2024. The table shows significant variations in prices across different districts.
Spilling The Tea On March 2024 Production Estimates
According to the report, the total estimated production of tea in India for March 2024 was 62.52 million kilograms (MKgs). This is a marked decrease from the 79.61 million kilograms produced in March 2023.
Revision In Ceiling Prices Of Coronary Stents
The new ceiling prices are Rs. 10,509.79 per unit for Bare Metal Stents and Rs. 38,267.18 per unit for Drug Eluting Stents (DES). These prices are exclusive of Goods and Services Tax (GST). Manufacturers can revise their existing MRP (Maximum Retail Price) based on the new ceiling price and WPI increase.
Indian Nursing Council To Celebrate International Day of the Midwife
International Day of the Midwives falls on May 5th every year. To commemorate this event, the INC invites all Nursing and Midwifery faculty and students to join a virtual celebration on May 6, 2024, at 5:00 PM IST.
