TRAI Recommendations on the Definition of International Traffic
The term ‘International Traffic’ should be defined in the relevant telecommunication service licenses and authorisations as the traffic originating in one country and terminating in another country, where one of the countries is India.
eCourts Mission Mode Project
As part of eCourts project, 7 platforms have been created to provide real time information on case status, cause lists, judgements etc. to lawyers/Litigants through SMS Push and Pull (Over 4 lakhs SMS sent daily), Email (Over 6 lakhs sent daily), multilingual eCourts services Portal (35 lakh hits daily), JSC (Judicial Service centres) and Info Kiosks. In addition, Electronic Case Management Tools (ECMT) have been created with Mobile App for lawyers (total 2.69 crore downloads till 31.10.2024) and JustIS app for judges (20,719 downloads till 31.10.2024).
PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) Scheme
PM E-DRIVE scheme aims to incentivise sale of e-2W, e-3W, e-Trucks, e-Ambulances, and e-buses. The scheme also supports development of charging infrastructure and upgradation of vehicle testing agencies.
Scheme for “Enhancement of Competitiveness in the Indian Capital Goods Sector”
No financial assistance is given to any industry including MSME for adopting Industry 4.0 enabled technologies under SAMARTH centre initiative of the Scheme.
Statement on Developmental and Regulatory Policies
The Reserve Bank of India (RBI) has rolled out a series of developmental and regulatory policy measures aimed at strengthening liquidity, boosting financial markets, ensuring better regulation, enhancing financial inclusion, and embracing technological advancements in the financial sector. These measures are spread across six key areas: Liquidity and Financial Markets, Regulation, Communication, Financial Inclusion, Payment Systems, and Fintech. Let’s break down some of the significant changes announced by the RBI.
RBI increases the ceiling interest rates on Foreign Currency Non-Resident (FCNR(B)) deposits
The new ceiling rates apply to fresh FCNR(B) deposits raised by banks, with a revised structure that allows higher interest rate margins over the Overnight Alternative Reference Rate (ARR) for respective currencies.
RBI clarification on Maintenance of Cash Reserve Ratio
Reserve Bank of India hereby notifies that the average Cash Reserve Ratio (CRR) required to be maintained by every bank shall be 4.25 per cent of its net demand and time liabilities effective from the reporting fortnight beginning December 14, 2024 and 4.00 per cent of net demand and time liabilities effective from fortnight beginning December 28, 2024.
RBI raise the limit for collateral free agricultural loans
Banks are advised to waive collateral security and margin requirements for agricultural loans including loans for allied activities up to ₹2 lakh per borrower.
Sanchar Saathi portal
DoT and TSPs have developed Prevention of Spoofed Incoming International System to identify and block incoming international spoofed calls which display Indian mobile numbers and appear to be originating from within India. Such international spoofed calls have been made by cyber-criminals in recent cases of fake digital arrests, FedEx scams, and impersonation as government and police officials, etc.
SEBI draft circular on Harnessing DigiLocker as a Digital Public Infrastructure for reducing Unclaimed Assets in the Indian Securities Market
DigiLocker users can provide nominee for their DigiLocker account. Upon demise of the DigiLocker user, their status shall update, using information either from data of registration of deaths of the Registrar General of India (RGI) or the KRA system.
