RBI has amended Prudential Guidelines for Bilateral Netting of Qualified Financial Contracts on March 30, 2021. The amended guidelines in the light of The Bilateral Netting of Qualified Financial Contracts Act, 2020 has notified (a) “derivatives”; and (b) “repo” and “reverse repo” transactions as defined Reserve Bank of India Act, 1934 as a QFC.
Revised Non-Tax Income Rates for Fire and Emergency Services in Bangalore
The Government of Karnataka has approved a proposal from the Director General of Police and the Director General of the Fire and Emergency Services Department