Guidelines on treatment of Dividend Equalisation Fund (DEF)- Primary (Urban) Co-operative Banks (UCBs)
“Declaration of Dividends by UCBs” dated July 05, 2012 ibid prohibit dividend payments from previously accumulated profits or reserves and mandate that dividend can only be paid by the banks from net profit of the current year after making all statutory and other provisions and after adjustment for accumulated losses in full. It is also observed that UCBs have been considering the balances in DEF as part of Tier-II capital. In order to provide a better treatment of these balances for regulatory capital purposes, it has been decided, as a onetime measure, to permit UCBs to transfer the balances in the DEF to general reserves/free reserves. The credit balances in general reserves/free reserves, shall qualify as Tier-I capital.
Draft directions on Due Diligence of AePS Touchpoint Operators
Comments / feedback on the draft directions may be sent by email or by post to the Chief General Manager-in-Charge, Department of Payment and Settlement Systems, Reserve Bank of India, Central Office, 14th Floor, Shahid Bhagat Singh Marg, Mumbai-400001, on or before August 31, 2024.
Framework on Alternative Authentication Mechanisms for Digital Payment Transactions
Comments / feedback on the draft framework may be sent by email or by post to the Chief General Manager-in-Charge, Department of Payment and Settlement Systems, Reserve Bank of India, Central Office, 14th Floor, Shahid Bhagat Singh Marg, Mumbai-400001, on or before September 15, 2024.
UGC invites applications from eligible Higher Educational Institutions (HEIs) to commence Open and Distance Learning Programmes and Online Programmes
The Online portal for submitting applications shall remain open from 25th July, 2024 till 31st July, 2024. The HEI is required to submit the application at https://deb.ugc.ac.in/. The duly certified hard copy of the application along with the original affidavit and annexure(s) should reach Deputy Secretary, Distance Education Bureau, UGC, 35, Feroze Shah Road, New Delhi -110001 by 07th August, 2()24.
CBIC measures against fake Input Tax credit
Restriction on generation of e-way bills by non- compliant taxpayers is introduced.
Single National Software Network
The ERP (Enterprise Resource Planning) based common national software brings about efficiency in PACS performance through Common Accounting System (CAS) and Management Information System (MIS).
UGC Directions for Participation in ‘Call for Ideas for LiFE’ Initiative – A Nationwide Campaign Promoting Sustainable Lifestyles
The objective is to generate innovative ideas and technologies that contribute to sustainable and environment-friendly lifestyles. This opportunity provides a platform for young minds to actively participate and contribute to the global LiFE movement in real-time.
Public Comments received on Draft IFSCA (Listing) Regulations, 2024
Stakeholders have requested that Credit rating may be kept optional instead of mandatory for debt issuances.
IFSCA directions to credit rating agencies
The activities of the CRAs operating in the IFSC shall be subject to the requirements in the IFSCA Act, 2019, CMI Regulations and other applicable regulations and circulars notified by IFSCA from time to time.
SEBI declares due date for commencement of Securities and Exchange Board of India (Prohibition of Insider Trading) (Amendment) Regulations, 2022
Securities and Exchange Board of India has appointed the 1st day of November, 2024 as the date on which the Securities and Exchange Board of India (Prohibition of Insider Trading) (Amendment) Regulations, 2022 shall come into force.
