UGC clarification regarding publishing of map of lndia in conformity with maps provided by survey of lndia
Whosoever publishes a map of lndia, which is not in conformity with the maps of lndia as published by Survey of lndia, shall be punishable with imprisonment which may extend to six months, or with fine, or with both.
IFSCA has signed the Enhanced Multilateral Memorandum of Understanding of the International Organization of Securities Commissions (IOSCO)
Considering the interconnectedness of the securities markets at the IFSC with other jurisdictions, the IOSCO EMMoU will ensure effective cross-border enforcement of the securities laws and will contribute towards maintaining the integrity of securities markets and safeguarding the interest of investors in the IFSC.
IFSCA Report of Working Group for the Development of Non-Resident Individual (both Indian as well as Foreign) Business and Ease of Registration
IFSCA has issued a Report of the Working Group for the Development of Non-Resident Individual (both Indian as well as Foreign) Business and Ease of Registration to undertake Global benchmarking of 3 financial centres with larger Non-Resident Individual businesses.
UGC directions for promotion of Public Private Partnership (PPP) beginner’s e-course among official dealing with infrastructure projects.
The Higher Educational Institutions are requested to widely disseminate the information and request students, faculty members and other staff to join this course.
TRAI extends last date to receive comments/counter comments on Consultation Paper ‘Auction of Spectrum in 37-37.5 GHz, 37.5-40 GHz and 42.5-43.5 GHz bands Identified for IMT’
Keeping in view the request of Industry Associations for further extension of time for submission of comments and counter comments, it has been decided to extend the last date for furnishing written comments and counter comments to 24th May 2024 and 6th June 2024, respectively. No further requests for an extension of time will be considered.
FSSAI Alerts Fruit Traders to Ensure Compliance with Prohibition of Calcium Carbide in Fruit Ripening
In case any use of Calcium Carbide or any wrong practice of using ripening agents for artificial ripening of fruits is noticed by the consumers, the same may be brought to the notice of concerned State Commissioners of Food Safety for taking action against such violators. The details of the Commissioners of Food Safety of all States/UTs are available on the link.
Master Circular for Credit Rating Agencies
In case a CRA holds multiple registrations with SEBI, it shall make only one application to SEBI addressed to “Chief General Manager, DDHS, SEBI”. The prior approval granted by SEBI shall be valid for a period of 180 days from the date of communication.
SEBI Consultation paper on facilitating investments by Indian Mutual Funds in such overseas funds that invest certain portion of their assets in Indian securities
Public Comments on this Consultation Paper should be submitted latest by June 07, 2024.
RBI conducts conference of Non-Banking Financial Companies
The conference urged NBFCs to bolster governance and assurance functions and maintain constant vigil against potential risks and vulnerabilities. In the highly dynamic and challenging environment in which financial entities operate, they are exposed to a multitude of risks that can impact their financial and operational resilience. It inter-alia highlighted cybersecurity and operational risks; credit risks from rule-based credit models; and liquidity risks. The conference conveyed the Reserve Bank’s Supervisory expectations from the regulated entities to ensure independent and meaningful assurance functions as well as fair and transparent conduct towards customers.
RBI conducts conference of Urban Co-operative Banks (UCBs)
The conference outlined the Reserve Bank’s Supervisory expectations and asserted that effective assurance functions play a crucial role in safeguarding the financial soundness of banks, as well as upholding the trust of their customers and other stakeholders. The conference stressed upon the need to identify and manage the emerging risks as well as the changing dynamics of the traditional risks, for which the internal control systems should be continuously updated and strengthened. It emphasized that the Reserve Bank would continue to follow its zero-tolerance policy towards poor governance practices, if any, identified in the UCBs in line with its overall approach to the financial sector.
