RBI to conduct Daily Variable Rate Repo (VRR) Auctions
RBI has decided to conduct Variable Rate Repo (VRR) auctions on all working days in Mumbai with reversal taking place on the next working day, until further notice. The reversal of VRR auction conducted on a Friday will take place on the ensuing Monday or the next working day, if Monday is a holiday in Mumbai. The auction will be conducted between 10:00 AM and 10:30 AM every day.
MNRE issues Operational Guidelines for implementation of various components under PM-Surya Ghar
It is clarified that these guidelines are in addition to the existing mode of implementation undertaken by consumers (capex mode) through the national portal (https://www.pmsuryaghar.gov.in/), and these alternative models will supplement the national portal-based implementation of the scheme.
MeitY organises consultation meeting of government officials and industry on the Draft Digital Personal Data Protection (DPDP) Rules, 2025
The consultation session invited feedback, comments, and inputs from various sectors covering key topics, including consent management, data principal rights, compliance frameworks, and mechanisms for cross-border data transfers, along with topics related to notices, consent, reasonable security safeguards, children’s data, and breach reporting. The feedback gathered during the session will be incorporated into the final rules.
Consultation paper on certain amendments to SEBI LODR Regulations, 2015
SEBI has issued Consultation paper on certain amendments to SEBI LODR Regulations, 2015 with the objective of encouraging dematerialization of securities and streamlining certain processes in view of current regulatory landscape.
Extension of timeline for implementation of the Circular titled “Complaint Handling and Grievance Redressal by Regulated Entities in the IFSC”
It has been decided that the said Circular shall now come into force with effect from April 01, 2025. The Regulated Entities are therefore directed to ensure the implementation of the Circular w.e.f. April 01, 2025, without fail.
IFSCA cautions the public on phishing attempts impersonating IFSCA employees
The rise in phishing attempts impersonating IFSCA employees serves as a timely reminder of the importance of cybersecurity vigilance. Whether you are an individual, a regulated entity, or part of the broader financial services community, staying informed and adopting robust security practices is critical. The IFSCA’s proactive approach in cautioning the public reinforces its commitment to safeguarding the integrity of the financial ecosystem within the IFSCs.
IFSCA Consultation Paper on SPV Framework for Co-Investment and Leverage Transactions
This initiative aims to streamline co-investment and leverage transactions within International Financial Services Centres (IFSCs). By operationalizing the SPV model, the IFSCA seeks to bolster alternative investment avenues, enhance transparency, and foster ease of doing business in the region.
CBIC mandates that the grounds of arrest shall be informed through an arrest memo to every accused arrested by GST authorities
The grounds of arrest informed in writing must convey to the arrested accused all basic facts on which he was being arrested so as to provide him an opportunity of defending himself against custodial remand and to seek bail.
Bharat Cleantech Manufacturing Platform to spur innovation, help India become global leader in sustainability
The launch of the Bharat Cleantech Manufacturing Platform will provide an opportunity for the Indian firms to collaborate, to co-innovate and will help provide a platform for financing, to share ideas, technologies and resources. This will help India become an attractive business case and a global leader in the sustainability and cleantech sector.
CBDT extends income tax exemption for educational institutions to Sri Paripoorna Sanathana Ayurveda Medical College, Hospital and Research Centre
The Central Government has approved ‘Sri Paripoorna Sanathana Charitable Trust’, Bengaluru (PAN: AALTS2655L) for its college unit, ‘Sri Paripoorna Sanathana Ayurveda Medical College, Hospital and Research Centre’ under the category of ‘University, college or other institution’ for ‘Scientific Research’ to claim income tax exemption available to educational institutions.
