New qualifications for teaching staff: public comments invited
The Draft UGC (Minimum Qualifications for Appointment & Promotion of Teachers and Academic Staff in Universities and Colleges and Measures for the Maintenance of Standards in Higher Education) Regulations, 2025 will give flexibility to universities in appointing & promoting teachers and academic staff in their institutions. Due data for public consultation is extended till February 28.
Winding up bankrupt companies: new process
This regulation mandates that, after securing approval from the Committee of Creditors (CoC) with at least 66% of the votes, the Resolution Professional (RP) must hand over the possession of real estate assets, including plots, apartments, or buildings. This must be done if the allottee has performed their part under the agreement. The RP will also need to facilitate the registration process for the allottee, making the resolution of real estate-related insolvencies more seamless. This change aims to provide better clarity and assurance to creditors involved in real estate projects and ensure that agreements are honored swiftly during the insolvency process.
New Legal Framework for auction of spectrum
The guidelines presented are designed to be more adaptable and efficient, ensuring that the distribution of spectrum is in line with modern technological and market needs. The rules mentioned in the gazette notice are intended to enhance transparency, enforce legal obligations, and foster healthy competition among the service providers.
Promoting market efficiency and liquidity: better opportunity for investors
The International Financial Services Centres Authority (IFSCA) has recently introduced a significant initiative to enhance liquidity in the bullion market through the Liquidity Enhancement Scheme (LES). This decision is aimed at boosting market efficiency and providing better opportunities for investors and market participants.
Safer participation of retail investors in Algorithmic trading
SEBI issued a circular aimed at enabling safer participation of retail investors in Algorithmic Trading (Algo trading). This new regulatory framework is a response to the growing demand for Algo trading by retail investors, which has been gaining momentum in recent years. The initiative not only aims to offer greater access to algorithmic tools but also puts in place critical safeguards to ensure the safety and integrity of market practices.
CRCS- Sahara Refund Portal
In compliance with the Supreme Court’s directions, the Ministry of Cooperation launched the CRCS-Sahara Refund Portal on 18th July 2023. This portal is specifically designed to allow depositors from the four Multi-State Cooperative Societies of the Sahara Group—Sahara Credit Cooperative Society Ltd. (Lucknow), Saharayn Universal Multipurpose Society Ltd. (Bhopal), Humara India Credit Cooperative Society Ltd. (Kolkata), and Stars Multipurpose Cooperative Society Ltd. (Hyderabad)—to submit their claims for refunds of their legitimate deposits.
Primary Agricultural Credit Societies (PACS)
With the approval of the Union Cabinet, three new national-level cooperative societies have been set up: National Cooperative Exports Limited (NCEL), National Cooperative Organics Limited (NCOL), and Bharatiya Beej Sahkari Samiti Limited (BBSSL). These initiatives aim to uplift cooperatives by fostering a global reach, promoting organic farming, and enhancing seed production—all crucial elements for a thriving agricultural sector.
Measures taken to prevent misuse of AB-PMJAY Scheme
To eliminate ineligible beneficiaries from the scheme, AB-PMJAY beneficiaries are verified through Aadhaar e-KYC at the time of creation of the card. Further, beneficiaries have to undergo Aadhaar authentication at the time of availing services. Aadhaar-authentication helps establish the identity of the eligible beneficiary.
National Consumer Helpline emerges as the key point of redressal of consumer grievances; functions in 17 languages, has AI-based speech recognition system
The website of the National Consumer Helpline (NCH) has been upgraded to serve as the central point of access for consumers across India seeking grievance redressal at the pre-litigation stage.
TRAI releases Recommendationson ‘the Frequency Spectrum in 37-37.5 GHz, 37.5-40 GHz, and 42.5-43.5 GHz bands Identified for IMT’
Based on the comments received from stakeholders during the consultation process, and on its own analysis, TRAI has finalized Recommendationson ‘the Frequency Spectrum in 37-37.5 GHz, 37.5-40 GHz, and 42.5-43.5 GHz bands Identified for IMT’.
