TRAI releases revised Standards of Quality of Service for Access and Broadband Services
TRAI had earlier issued three different regulations prescribing standards of Quality of Service (QoS), for Basic and Cellular Mobile Services, Broadband Services, and Broadband Wireless Services, namely (i) The Standards of Quality of Service of Basic Telephone Service (Wireline) and Cellular Mobile Telephone Service Regulations, 2009 (ii) Quality of Service of Broadband Service Regulations 2006 and (iii) The Standards of Quality of Service for Wireless Data Services Regulations 2012, amended from time to time. The new Regulations shall supersede above referred three regulations.
Ministry of Agriculture & Farmers Welfare provides Digital and Hi Tech Services to farmers through PPP Mode
The Indian Council of Agriculture Research (ICAR) has been supporting Agri-based startups under the project called National Agriculture Innovation Fund (NAIF) initiated in year 2016-2017. It has two components viz. (I) Innovation Fund; (II) Incubation Fund and National Coordinating Unit (NCU).
Extension of timeline for complying with minimum public shareholding requirement for public sector companies
Every listed public sector company, as defined in the Securities Contract ( Regulation) Rules 1957 (“SCRR, 1957”), which has public shareholding below twenty five per cent within the timeline stipulated in Rule 19A of SCRR, 1957, shall get exemption up to August 1, 2026 to increase its public shareholding to at least twenty five percentage.
Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) (Third Amendment) Regulations, 2024
The amendment provides that the recognised stock exchange(s) and the recognised clearing corporation(s) shall disclose their shareholding pattern on their respective websites on a quarterly basis as per the requirements and format specified for listed companies in terms of the provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Ministry of Information and Broadcasting authorized to carry out Aadhaar authentication
Ministry of Information and Broadcasting will carry out Aadhaar authentication for the purposes of verifying the identity of persons registering online as local cable operators
SEBI Master Direction on Treatment of Wilful Defaulters and Large Defaulters
This directive plays a crucial role in maintaining the integrity of the financial system by outlining the measures and consequences for those borrowers who deliberately default on their financial obligations. The Master Direction was released for comments from stakeholders and members of the public in September 2023.
Master Directions on Cyber Resilience and Digital Payment Security Controls for non-bank Payment System Operators
It has been decided to issue the final Directions, covering robust governance mechanisms for identification, assessment, monitoring and management of these risks. The Directions also cover baseline security measures for ensuring system resiliency as well as safe and secure digital payment transactions. However, they shall endeavour to migrate to latest security standards. The existing instructions on security and risk mitigation measures for payments done using cards, Prepaid Payment Instruments (PPIs) and mobile banking continue to be applicable as hitherto.
SEBI Consultation Paper on Measures to strengthen index derivatives framework for increased Investor protection and Market stability
Given the changing market dynamics in equity derivatives segment in recent years with increased retail participation, offering of short tenure index options contracts and heightened speculative trading volumes in index derivatives on expiry date, this consultation paper seeks to introduce measures to enhance investor protection and promote market stability in derivative markets, while ensuring sustained capital formation.
Consultation paper on proposal to improve ease of doing business with respect to the additional disclosure framework for large FPIs
To improve ease of doing business, rather than requiring disclosure of all investors/stakeholders, it is proposed to require disclosures of an appropriate majority of settlers holds for disclosure for identification and categorization of an FPI as an LBC or non-LBC entity.
SEBI allows University Funds and University related Endowments to be registered as Category I FPI
It has been decided that University Funds and University related Endowments shall not be required to make the additional disclosures.
