TRAI holds meeting with Access Service Providers and Telemarketers on unsolicited calls
The Regulator has conveyed a strong message to the service providers and their Telemarketers to come forward and take effective measures to curb bulk communications using voice calls.
Consultation Paper on Review of Regulatory Framework for Investment Advisers and Research Analysts
The objective of this consultation paper is to seek comments from public on proposals intended to put in place a conducive regulatory framework for Investment Advisers registered with SEBI (‘IAs’) and Research Analysts registered with SEBI (‘RAs’) by simplifying, easing and reducing the registration requirements and cost of compliance for IAs and RAs and bringing in regulatory changes commensurate with the continually evolving nature of their businesses, through amendments/ clarifications to the Securities and Exchange Board of India (Investment Advisers) Regulations, 2013 (‘IA Regulations’) and Securities and Exchange Board of India (Research Analysts) Regulations, 2014 (‘RA Regulations’).
SEBI revises the board nomination rights to unitholders of REITs and InvITs
Eligible Unit holder(s) shall be entitled to nominate only one Unit holder as Nominee Director except in cases where nominee director is appointed in terms of clause (e) of sub-regulation (1) of regulation 15 of the SEBI (Debenture Trustees) Regulations, 1993.
Clarification regarding Schemes for accelerating the adoption of electric vehicles
The Ministry of Heavy Industries (MHI) formulated a Scheme namely; Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India (FAME India) Scheme in 2015 to promote adoption of electric/ hybrid vehicles (xEVs) in India. This phase of FAME India Scheme had four focus areas i.e. technological development, demand generation, pilot project and charging infrastructure components. This phase-II mainly focused on supporting electrification of public & shared transportation.
Clarification on Income Tax Reliefs provided to Cooperative Societies
The Central Government, in order to realize the vision of ‘Sahakar se Samriddhi’ has taken steps to provide relief to the Cooperative Societies which includes reduction of tax on various activities and increasing the threshold for TDS on cash withdrawal by them.
Trade Connect ePlatform being setup to connect Indian Exporters, MSMEs and Entrepreneurs
The Government has initiated the creation of Trade Connect ePlatform to connect Indian Exporters, MSMEs and Entrepreneurs with various stakeholders including Indian Missions Abroad, Export Promotion Councils, and other Partner Government Agencies. The platform will provide information on trade events taking place in different parts of the world, benefits available due to India’s Free Trade Agreements (FTAs) and other international trade related information and data.
SEBI clarification on Valuation of Additional Tier- 1 Bonds
In order to align the valuation methodology with the recommendation of NFRA, it has been decided that the valuation of AT-1 Bonds by Mutual Funds shall be based on Yield to Call.
RBI releases draft circular on ‘Regulatory Principles for Management of Model Risks in Credit’
The Comments on the draft circular are invited from public/stakeholders by September 4, 2024.
RBI directions for Prudential Treatment of Bad and Doubtful Debt Reserve by Co-operative Banks
With effect from the FY 2024-25, all provisions as per Income Recognition, Asset Classification and Provisioning (IRACP) norms3, whether accounted for under the head “BDDR” or any other head of account, shall be charged as an expense to the P&L account in the accounting period in which they are recognised. The eligibility of such provisions for regulatory capital purposes shall continue to be as defined in the extant guidelines on capital adequacy.
Department of Consumer Affairs extends timeline to submit comments on proposed amendment in Rule 3 of Legal Metrology (Packaged Commodities) Rules, 2011
The last date of submission was 29.07.2024 which has now been extended until 30.08.2024.
