Bima Manthan October 24
Quarterly meeting of IRDAI discussed industry’s readiness, implementation strategy, rollout plan, technology adoption in the key areas of Indian Risk-Based Capital (RBC) regime, Risk Based Supervisory Framework (RBSF) and the adoption of International Financial Reporting Standards (IFRS) i.e. Ind AS.
UGC directions for facilitation of admission by students for two courses
HEIS are once again urged to create supportive mechanisms through their statutory bodies to ensure compliance with UGC’s guidelines for pursuing two academic programs simultaneously.
UGC directions for celebration of Constitution Day on 26th November, 2024
HEIS are requested to create an event on My Bharat Portal https://mybharat.gov.in/) and upload the details of the celebrations for constitutional day.
IIAS-DARPG Indian Conference, 2025 under the theme “Next Generation Administrative Reforms: Empowering Citizens and Reaching the Last Mile”
The conference is expected to provide an opportunity for universities and other institutions in the country that are involved in Public Administration, Public Policy & Services, and Governance to showcase their research work on an international platform.
SEBI amends Master Circular for Credit Rating Agencies
The CRA shall furnish the details of non-payment of debt by entities rated by them for reasons other than lack of funds to the Stock Exchanges, Depositories and Debenture Trustee and formulate policy for the same.
Temporary suspension of MCA portal
Stakeholders are informed that MCA portal will not be available from 22nd November 2024 11:00 PM to 23rd November 2024 07:00 AM and 23rd November 2024 11:00 PM to 24th November 2024 07:00 AM due to scheduled maintenance activity.
International Financial Services Centres Authority (Anti Money Laundering, Counter-Terrorist Financing and Know Your Customer) Guidelines, 2022
A Financial Institution providing services only to the entities in its ‘Financial Group’ which are located in a country not identified in the public statement of FATF as ‘High-risk jurisdictions subject to call for action’ are exempted. Any financial institution undertaking transactions through third-party business / service providers in the course of their operations, shall undertake business risk assessment and comply with incidental provisions of the Guidelines.
Central Consumer Protection Authority Hosts Stakeholder Consultation to draft Guideline for Protection of Consumer Interest in Diamond Sector
Industry consensus emphasized the need for ethical marketing practices and consistent terminology to enhance consumer protection and Prohibition of misleading terms like “natural” or “genuine” for lab-grown products.
Extension of the last date to receive comments/counter-comments on TRAI’s Consultation Paper on ‘Framework for Service Authorisations for provision of Broadcasting Services under the Telecommunications Act, 2023
Keeping in view the requests of some of the stakeholders for an extension of time for submission of comments, it has been decided to extend the last dates for submission of written comments and counter-comments up to 27thNovember 2024and 4th December 2024 respectively. No further requests for extension would be considered.
Conference of the Directors on the Boards of Private Sector Banks
RBI directed that sound Boards should create a governance framework that not only meets the current regulatory standards, but also proactively addresses the emerging risks, opportunities and changes in the financial landscape. RBI emphasized the importance of situational awareness for robust governance, strengthening of internal governance framework and customer centricity in the ever-evolving financial sector.
