RBI – Digital Payments Index for March 2024
The RBI-DPI index has increased across all parameters driven by significant growth in payment performance and payment infrastructure across the country over the period.
RBI issues Prompt Corrective Action (PCA) Framework for Primary (Urban) Co-operative Banks
The Reserve Bank of India issued a Prompt Corrective Action (PCA) Framework for Primary (Urban) Co-operative Banks (UCBs). The provisions of the PCA Framework will be effective from April 1, 2025.
Regulatory Sandbox – Fifth Cohort (Theme Neutral) – Test Phase
The Reserve Bank received twenty-two applications of which five have been selected for the ‘Test Phase’. The entities shall commence testing of their solutions from August 2024.
Haryana New Patent Cost Reimbursement Scheme: A Boost for Startups
The Industries and Commerce Department of Haryana announced The Patent Cost Reimbursement Scheme on July 23rd 2023. This scheme is designed to help startups in Haryana by covering the costs associated with obtaining patents.
RERA Bihar Launches New Online Appointment Service
On July 22, 2024, the Real Estate Regulatory Authority (RERA) of Bihar announced an innovative step to make scheduling appointments with their officers easier and more efficient. The introduction of a new online appointment service aims to streamline the process and improve visitor experience.
New Registration (Punjab Amendment) Act, 2023
The Registration (Punjab Amendment) Act, 2023, brings much-needed changes to property transaction laws in Punjab. Here’s what you need to remember:
Certificates of sale from public auctions must be registered.
Agreements involving the deposit of title deeds as loan security must be registered.
An old clause has been removed to simplify the registration process.
New Haryana Electronics Waste Recycling Policy, 2024
The Draft Haryana Electronics Waste Recycling Policy, 2024, marks a significant stride towards sustainable e-waste management in Haryana. By addressing key areas such as IT asset disposal, household appliance waste, and environmental health hazards, the policy sets a comprehensive framework for the responsible handling of e-waste
New Chandigarh Administration Motor Vehicle Aggregator Rules, 2024
The Government of Chandigarh has proposed the Draft Chandigarh Administration Motor Vehicle Aggregator Rules, 2024, on July 24, 2024.
Applicability:
The rules apply to aggregators onboarding transport vehicles in the designated area of operation and Vehicles covered include all motor vehicles under the Act, as well as e-rickshaws, e-bikes, cabs, etc.
DoT issues New Rules For Maritime Safety
The Department of Telecommunications issued a notification regarding the draft rules for the Telecommunications (Commercial Radio Operator’s Certificate of Proficiency to Operate Global Maritime Distress and Safety System) Rules, 2024 on 24th July 2024. These draft rules outline the framework for granting and managing certificates for operating the Global Maritime Distress and Safety System (GMDSS)
BIS Invests in R&D to Drive Standardisation
The Bureau of Indian Standards (BIS) has announced the sanction of 82 research and development (R&D) projects to bolster its standardisation efforts. These projects, awarded to faculty members from institutions like IITs and NITs, will focus on cutting-edge domains such as artificial intelligence, blockchain technology, medical devices, renewable energy, and sustainability.
