Timeline for review of ESG Rating pursuant to occurrence of ‘Material Event’
ERPs shall carry out a review of the ESG ratings upon the occurrence of or announcement/ news of such material developments immediately, but not later than 10 days of occurrence of the said event.
SEBI directions for Disclosure of Risk adjusted Return Information Ratio (IR) for Mutual Fund Schemes
In order to ensure better understandability about IR by investors, adequate steps shall be undertaken by AMCs and AMFI to educate investors about RAR, IR and their significance in scheme performance evaluation. In addition, an allocation shall be earmarked from the budget for investor education, leveraging social/mass media channels to maximize outreach and impact.
IFSCA issues List of Public Holidays and banking business hours for IBUs
IFSCA has issued List of Public Holidays and banking business hours for IBUs. It is clarified that IBUs shall observe Public Holiday on second and fourth Saturdays of every month. The banking business hours of IBUs shall be from 9:45 a.m. to 5:30 p.m. during working weekdays and working Saturdays.
Union Food and Consumer Affairs Minister announces revised Open Market Sale Scheme (Domestic) Policy for 2024-25
Ministry of Consumer Affairs, Food and Public Distribution and New & Renewable Energy has announced a significant revision in the Open Market Sale Scheme (Domestic) [OMSS(D)] Policy for the year 2024-25. This policy aims to enhance food security and ensure efficient distribution of rice to various stakeholders.
Ministry of Communications launches Sanchar Saathi Mobile
The Ministry of Communications has launched a suite of citizen-focused initiatives. Key highlights of the event included the launch of the Sanchar Saathi Mobile App,National Broadband Mission (NBM) 2.0 and the inauguration of the Intra Circle Roaming facility at DBN Funded 4G Mobile Sites.
