RBI Invitation of applications for recognition of Self-Regulatory Organisations (SROs) for NBFCs
It has now been decided to invite applications for recognition of SROs for the NBFC sector under the aegis of the aforesaid omnibus framework. The applicant entity shall fulfil the eligibility criteria and guidelines mentioned under the omnibus framework.
Central Excise Act, 2024
The central government has issued the Central Excise Act, 2024 to provide for levy and collection of duty of excise on goods manufactured or produced and for matters connected therewith or incidental thereto.
UGC directions for international yoga day
UGC has directed the Higher Educational Institutions that the proceedings of International Yoga Day celebrated on 21 June, 2024 shall be recorded and subsequently uploaded on various social media platforms tagging Ministry of Ayush for ensuring wider reach.
UGC directions for timely conduct of exams and issuance of academic awards to students
It has come to the notice of the University Grants Commission (UGC) that certain higher education institutions are not conducting exams on time and/or delaying the issuance of degrees and final certificates to students. The Commission has the power to take punitive action in such cases.
UGC directions for Biannual Admissions in Higher Education Institutions
HEIS whose programmes are regulated by other regulatory bodies need approval from the concerned regulatory bodies to admit students twice a year. The mode of admission process, quality of education, access to support systems and adherence to the academic calendar should be the same for all the students, regardless of the cycle in which they are admitted.
FSSAI Seeks To Increase Maximum Content Of Esters In Fruit Wines
The present draft amendment specifically seeks to enhance the maximum content of esters expressed as ethyl acetate (g/l of absolute alcohol). However, this enhancement is restricted to fruit wine other than grape wine. The level has been increased from 2.0 g/l of absolute alcohol to 3.0 g/l of absolute alcohol. The level of esters expressed as ethyl acetate for all other wines remains unchanged.
New Committee Oversees Verification in Power Sector Procurement
The Ministry of Power (MoP) has announced changes to the committee responsible for verifying local content claims in power sector procurement. The present order announces the reconstitution of the committee responsible for independently verifying self-declarations and audit reports submitted by companies claiming local content.
On-boarding of Solar PV Manufacturers on DCR Verification Portal
The DCR Verification Portal aims to ensure that domestically manufactured solar panels are used in government-backed solar projects. All manufacturers enlisted under the Approved List of Models and Manufacturers (ALMM) are required to register their facilities on the portal and start entering relevant data. This data will be crucial for future DCR verification.
Pharmacy Institutions Celebrate 10th International Day of Yoga
This year’s theme, “Yoga for Self and Society,” underscores the practice’s potential to benefit both individuals and communities. The Ministry has prepared a handbook and made digital resources available online to support IDY activities and ensure their success. All pharmacy institutions are encouraged to participate in this celebration and to submit action-taken reports to the Ministry of Ayush, with a copy to the Pharmacy Council of India.
Clarification Issued for Internship Eligibility of Foreign Medical Graduates
The NMC has clarified that students who passed an exam equivalent to India’s MBBS degree are eligible for a one-year internship, even if they took online classes in lieu of some physical classes, provided they subsequently completed sufficient compensatory onsite classes.
