Yuva Sahakar Scheme
The aim of the scheme is to encourage newly formed cooperative societies with new and/or innovative ideas. The scheme encourages young entrepreneur Cooperative Societies which are in operation for a minimum of 3 months The Scheme is being promoted in all the States through promotional programmes and trainings conducted by 19 Regional Offices and Regional Training Centers of NCDC.
₹2000 to be withdrawn: Final Opportunity for exchange
The facility for exchange of the ₹2000 banknotes is available at the 19 Issue Offices of the Reserve Bank (RBI Issue Offices)1 since May 19, 2023. From October 09, 2023, RBI Issue Offices are also accepting ₹2000 banknotes from individuals / entities for deposit into their bank accounts. Further, members of the public are sending ₹2000 banknotes through India Post from any post office within the country, to any of the RBI Issue Offices for credit to their bank accounts.
How to prepare audit report on digital assurance: Technical guide
The Securities and Exchange Board of India (SEBI) issued a draft circular inviting public comments on the “Management Statement and Auditor’s / Independent Practitioner’s Report on Digital Assurance based on Information Obtained from External Data Repositories.” This initiative, developed in collaboration with the Institute of Chartered Accountants of India (ICAI), aims to bolster financial reporting by incorporating digital assurance mechanisms.
Financial education for school children: new government programme
An MoU has been signed between Investor Education and Protection Fund Authority (IEPFA) and Strategic Educational Professionals Pvt. Ltd., a subsidiary of Association of Chartered Certified Accountants (ACCA), for developing a digital programme which focusses on experiential learning aimed at promoting financial literacy for school children.
Guidelines for Funding research on Corporate affairs
The “Funding Research and Studies, Workshops and Conferences” initiative is a key component of the Central Sector Plan Scheme titled “Corporate Data Management” (CDM). This initiative, implemented by the Ministry of Corporate Affairs (MCA), aims to utilize the vast repository of corporate data available with the Ministry by sponsoring research studies and surveys. These studies will provide insights into corporate growth in the broader macroeconomic context.
New framework for rating market performance of MIIs
In order to ensure consistency in the manner of assessment and outcomes across Statutory Committees or similar MIIs, compare performance of such Committees and monitor trends over time, a rating framework has been developed which would be assigned after evaluation of Statutory Committees of MIIS. The rating would reflect the Independent External Agency’s judgment on the performance of the Statutory Committees of an MII in respect of expected outcomes.
Supervising Stock Brokers conduct: new monitoring mechanism
In its latest move, SEBI has introduced a technology-based mechanism to enhance the monitoring and supervision of system audits for stock brokers (SBs) and trading members (TMs).
How to ensure Safe Transfer of investment money: Public comments invited
It is envisaged to create a unique Unified Payments Interface address for collection of money by SEBI investor facing registered market participants/intermediaries Registered Intermediaries. This unique UPI address will help investors ensure that their payments are reaching only to SEBI registered intermediaries. As a corollary, this would also help investors identify, isolate and avoid unregistered entities, who will not have access to this unique UPI handle.
Webinar on digital connectivity problems inside buildings
A presentation covering various provisions of the regulations including process of registration of digital connectivity rating agencies and property managers, digital connectivity rating steps and rating criteria was given by TRAI. The webinar also deliberated upon possible areas of collaboration between TRAI and Real Estate Regulatory Authorities
Promoting Ease of living: Aadhaar Authentication for Good Governance Rules
The amendment enables both government and non-government entities to avail Aadhaar authentication service for providing various services in the public interest for related specific purposes like enablement of innovation, spread of knowledge, promoting ease of living of residents and enabling better access to services for them. This will help both the service providers as well as the service seekers to have trusted transactions.
