RBI FAQs on the circular on ‘Reset of Floating Interest Rate on Equated Monthly Installments (EMI) based Personal Loans’
The circular exclusively applies to EMI-based personal loans. It does not extend to other loan types, such as business or commercial loans. Personal loans, as defined in the RBI’s earlier circular dated January 4, 2018, fall within its purview.
SEBI Consultation paper on proposal to increase the size criteria (set to guard against potential circumvention of Press Note 3 stipulations) in the additional disclosure framework
The Securities and Exchange Board of India (SEBI) has released a consultation paper proposing an increase in the size criteria under the additional disclosure framework for Foreign Portfolio Investors (FPIs) and Offshore Derivative Instrument (ODI) subscribers. This move aims to address concerns about potential circumvention of Press Note 3 (PN 3) stipulations and adapt to the rapidly growing Indian securities market.
SEBI Circular on Revise and Revamp Nomination Facilities in the Indian Securities Market
On January 10, 2025, SEBI released a circular detailing a revised and revamped framework for nomination facilities in demat accounts and mutual fund (MF) folios. This update addresses critical gaps, aims to prevent unclaimed assets, and provides a streamlined process for asset transmission.
SEBI revises Procedure for seeking waiver or reduction of interest in respect of recovery proceedings initiated for failure to pay penalty
SEBI has delegated the power to waive or reduce the interest levied only in respect of recovery proceedings initiated for failure to pay penalty, to the Competent Authority
IRDAI’s Progressive Regulatory Framework
These amendments align with IRDAI’s broader goals of transitioning toward a modern, principle-based regulatory framework. They aim to streamline the conduct of meetings, enhance participation, and promote effective decision-making processes across advisory committees.
FSSAI Appoints Two New Central Food Safety Officers for Eastern Region
The Food Safety and Standards Authority of India (FSSAI), under the Ministry of Health and Family Welfare, has announced the appointment of two new Central Food Safety Officers (CFSOs) for the Eastern Region. This announcement comes via a notification issued on January 2, 2025, amending the principal notification published on September 2, 2021.
National Workshop Focuses on Combating India’s Rising NCD Burden
The Union Health Secretary emphasized the need for inter-sectoral collaboration, enhanced research, and innovative practices to combat the growing NCD burden. The importance of community-level initiatives like Fit India and Eat Right India was highlighted. Best practices from Nagaland (tobacco cessation) and Telangana (yoga and wellness) were also showcased. Programs from Assam (hypertension control), Tamil Nadu (NCD screenings), and Andhra Pradesh (cancer care) were presented as successful models for other states.
Delhi’s Air Quality Plummets, Commission Invokes Emergency Measures
This invocation comes after the city’s average Air Quality Index (AQI) crossed the ‘severe’ mark of 350 on Thursday, January 9th, 2025. AQI has risen sharply from 297 on January 8th to 357 on January 9th. Stage-III GRAP actions target construction activities, vehicle restrictions, school operations, and government office timings. Citizens are urged to minimize travel, use public transport, and avoid open burning of waste.
