RBI Clarifications on allegations of missing of banknotes printed by banknote printing presses
All banknotes supplied from printing presses to RBI are properly accounted for. There are robust systems in place for reconciliation of banknotes printed at the presses and supplied to RBI which include protocols to monitor production, storage and distribution of banknotes.
Revised SEBI Guidelines on Anti-Money Laundering (AML) Standards and Combating the Financing of Terrorism (CFT) /Obligations of Securities Market Intermediaries under the Prevention of Money-laundering Act, 2002 and Rules framed there under
The guidelines are revised in the light of Prevention of Money-laundering (Maintenance of Records) Amendment Rules, 2023.
SEBI Guidelines for online bond platform providers
To protect user data privacy and prevent unauthorized cross-selling, any entity associated with the online bond platform provider that offers products, securities, or services not regulated by SEBI, RBI, IRDAI, or PFRDA should neither have access to nor receive any information about the users of the online bond platform. This provision reinforces the importance of data security and ensures that users are not subjected to unsolicited offerings outside the regulated scope of the platform.
General Insurers and standalone health insurance companies shall ensure immediate service response to Insurance claims relating to Cyclone Biparjoy
All General Insurers (including Standalone Health Insurers) are advised to submit information related to Cyclone Biparjoy claims to the IRDAI on a weekly basis at nl-catastrophe@irdai.gov.in for a month.
BIS permits prior IS standards to run concurrently until withdrawal
The previous standard, i.e., IS 17265 : 2022 Textiles — 100 Percent Polyester Spun Grey and White Yarns — Specification (First Revision) will continue in force concurrently with the current standard. The previous standard will be withdrawn on 6th December, 2023.
Central Govt. extends timeline for Aadhaar Enrollment of Beneficiaries of Subsidised Food Grains
As per this notification eligible beneficiaries who do not possess Aadhaar Number or are not yet enrolled for Aadhaar but are desirous of availing subsidies, shall make an application for Aadhaar enrollment by 30th September, 2023.
Environment (Protection) Fourth Amendment Rules, 2023
The Amendment Rules now state that the supply of Genset and Genset engine in respect of which purchase order has been received by the manufacturer on or before the 30th June, 2023 shall be permitted up to the 30th June, 2024 as per defined norms.
BIS Introduces Standard for Agri By-Product Utensils
The BIS states that IS 18267: 2023 covers various aspects, including raw materials, manufacturing techniques, performance, and hygiene requirements for the production of biodegradable utensils. The standard specifically recommends the use of agricultural by-products, such as leaves and sheaths, as preferred materials for making plates, cups, bowls, and more.
Electricity (Rights of Consumers) Amendment Rules, 2023
The Time of Day tariff for Commercial and Industrial consumers having maximum demand more than ten Kilowatt shall be made effective not later than 1st April, 2024. Moreover, for other consumers except agricultural consumers, the Time of Day tariff shall be made effective not later than 1st April, 2025.
SEBI Master circular for Research Analysts
The circular provides an INVESTOR CHARTER IN RESPECT OF RAs to ensure that every investor is able to invest in right investment products based on their needs, manage and monitor them to meet their goals, access reports and enjoy financial wellness.
