SEBI has announced reduction in denomination of debt securities and non-convertible redeemable preference shares
The minimum face value of a listed debt security or non-convertible redeemable preference share issued on private placement basis traded on a stock exchange or OTC basis is reduced from Rs. One lakh to Rs. Ten thousand.
Stakeholders’ Consultation on Draft Mining Plan Guidelines for Coal and Lignite Mines- 2024
The Key elements include the mandatory inclusion of restoration, remediation, and regeneration measures in mining plans to ensure sustainable natural resource management. These measures aim to minimize environmental impacts, address community concerns, and promote continuous improvement in water quality monitoring.
MoE opens National Scholarship Portal (NSP) to submit applications
The One-Time Registration (OTR) application, featuring a redesigned home page, a new mobile app, and an updated web version has been launched and is now live and accessible to the public, allowing students to conveniently register online for OTR on the National Scholarship Portal (NSP). The NSP application, including OTR, leverages cutting-edge technologies and boasts of an enhanced user interface. The NSP portal is now open for one-time registration as well as application for fresh and renewal scholarships.
Self-nominations open for National Teachers’ Award 2024 till 15th July 2024
Online self-nominations from eligible teachers for National Teachers’ Awards 2024 are being invited with effect from 27 June 2024 on the Ministry of Education’s portal http://nationalawardstoteachers.education.gov.in. The last date for receiving online nominations is 15 July 2024. This year, 50 teachers will be selected through the three-stage selection process, i.e., at the District, State and National level.
RBI announces the SAARC Currency Swap Framework for the period 2024 to 2027
Under the Framework for 2024-27, a separate INR Swap Window has been introduced with various concessions for swap support in Indian Rupee. The total corpus of the Rupee support is ₹250 billion. The RBI will continue to offer swap arrangement in US$ and Euro under a separate US Dollar/ Euro Swap Window with an overall corpus of US$ 2 billion.
Foreign Exchange Management (Export and Import of Goods and Services) Regulations, 2024
The Foreign Exchange Management (Export and Import of Goods and Services) Regulations, 2024, represent a significant update to India’s export-import regulatory framework. By emphasizing timely declarations, standardized payment receipts, and flexible yet stringent compliance measures, these regulations aim to facilitate smoother trade operations while safeguarding India’s foreign exchange interests. For exporters and importers, understanding and adhering to these regulations is crucial for seamless international trade and financial transactions.
Reserve Bank of India and ASEAN Countries to Create a Platform to Facilitate Instantaneous Cross-Border Retail Payments
The Reserve Bank of India has now joined the Project Nexus, a multilateral international initiative to enable instant cross-border retail payments by interlinking domestic FPSs. Nexus, conceptualized by the Innovation Hub of the Bank for International Settlements (BIS), aims to connect the FPSs of four ASEAN countries (Malaysia, Philippines, Singapore, and Thailand); and India, who would be the founding members and first mover countries of this platform.
SEBI consultation paper to gather public and stakeholder input on the recommendations made by an Expert Committee
The Securities and Exchange Board of India (SEBI) has released a consultation paper to gather public and stakeholder input on the recommendations made by an Expert Committee. These recommendations aim to facilitate ease of doing business and harmonize the provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (LODR Regulations) and SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (ICDR Regulations).
SEBI has introduced significant amendments to the Stock Brokers Regulations of 1992
Key managerial personnel and senior management, including Designated Directors, are required to implement robust systems for monitoring trading activities and internal controls to ensure regulatory compliance. These systems must be capable of detecting, preventing, and reporting potential fraud or market abuse by clients, employees, or Authorized Persons.
MIB warning against Violation of Policy Guidelines, 2022 by the permission holders by letting out the TV Channels
MIB has warned TV Channels misusing the permission and authorizing /enabling /contracting out the operations or other core functions/activities of the channel to any non- permitted entity/ person(s)/company/ LLP through any explicit or implicit agreement or arrangement, without the prior permission of this Ministry.
