PFRDA allows Same Day Investment of NPS contributions (T+0) received by Trustee Bank
With advancements in technology and a robust system-level interface between TB and CRAs, contributions received by TB till 11 AM (T) on any settlement day will now be considered for same-day investment. Contributions received by TB after 11 AM will be invested on the next day (T+1).
SEBI consultation Paper for introduction of Mutual Funds Lite Regulations(MF LITE)for passively managed Mutual Funds Schemes
The objective of this consultation paper is to seek comments / views from the public on the proposals related to introduction of a relaxed regulatory framework in the Mutual Funds(MF) segment viz, “the MF Lite Regulations” for the passively managed MF schemes.
Central Consumer Protection Authority (CCPA) discusses warranty related issues with electronic appliance manufacturing companies
During the meeting, it was deliberated that electronic appliances are generally of two categories – ‘plug-n-play’ products such as iron press, microwave etc. which do not require any installation and products requiring installation such as air conditioners, refrigerators etc. The feasibility of having date of installation as the date from which warranty period should be calculated was discussed during the meeting. Further, it was discussed that measures may be explored to prevent abuse of this mechanism and to ensure that consumer interest is adequately safeguarded.
Press release to publicize the implications of Telecommunications Act, 2023
The Telecommunications Act, 2023 aims to amend and consolidate the law relating to development, expansion and operation of telecommunication services and telecommunication networks; assignment of spectrum and for matters connected therewith. The Telecommunications Act, 2023 also seeks to repeal existing legislative framework like Indian Telegraph Act,1885 and Indian Wireless Telegraph Act, 1933 owing to huge technical advancements in the telecom sector and technologies.
Ministry of Education rolls out a nationwide campaign on Tobacco Free Educational Institutions
Department of School Education & Literacy, Ministry of Education has developed a “ToFEI Implementation Manual” for schools and launched it on World No Tobacco Day (WNTD) which was observed on 31st May, 2024. The objective is to make educational institutions across the nation comply with the ToFEI guidelines and become #Tobacco Free Area.
SEBI launched a facility for Basic Services Demat Account (BSDA) for Financial Inclusion and Ease of Investing
Value of securities held in the demat account shall not exceed 10 Lakhs for debt and other than debt securities combined at any point of time.
Consultation Paper on disclosure of Risk Adjusted Return by Mutual Funds
The objective of this consultation paper is to seek comments / views from the public on the proposal regarding disclosure of Risk Adjusted Return of the portfolio of a Mutual Fund scheme (MF Scheme), thereby enabling informed investment decision by the investors.
SEBI directions for participation by Non-Resident Indians (NRIs), Overseas Citizens of India (OCIs) and Resident Indian (RI) individuals in SEBI registered FPIs based in International Financial Services Centres in India
SEBI has provided that no investor has a say in the investment decisions of the FPI. By law, the Investment Manager/ Fund Manager of the FPI is completely independent with respect to taking investment decisions for the FPI. Further, only an Asset Management Company of a Mutual Fund (that is registered with the Board and is sponsored by a Bank regulated by the Reserve Bank of India, or its IFSC based subsidiary/branch, can be the Investment Manager/ Fund Manager of the FPI.
Master Circular for Mutual Funds
Updated format for SID/KIM/SAI to be implemented w.e.f. June 01, 2024. All updated/revised SIDs shall be made available on the website of SEBI/AMFI/AMCs within the specified timelines.
Central Electricity Authority (CEA) organizes an All-India Electrical Safety awareness programme
The handbook titled “Electrical Safety handbook for Students” was launched in the event prepared by National Federation of Engineers for Electrical Safety (NFEES) that can serve as a valuable resource for students, educators, and parents alike. From understanding basic electrical principles to recognizing potential hazards and adopting best practices for prevention, this handbook covers a wide range of essential topics in an accessible and engaging manner.
