Foreign Exchange (Compounding Proceedings) Rules, 2024
As part of a broader initiative to streamline and rationalize existing rules and regulations to further facilitate ease of doing business, the compounding proceeding rules were comprehensively reviewed in consultation with the Reserve Bank of India.
Rajasthan Enhances Procurement Framework: New Amendments Introduced
The amendments to the Rajasthan Transparency in Public Procurement Rules signify a progressive step towards enhancing the procurement framework in the state
Government of Puducherry Announces Revised Public Holiday for Milad-un-Nabi 2024
This update pertains to the observance of Milad-un-Nabi, the birthday of Prophet Mohammed, across the Union Territory of Puducherry.
610th Meeting of Central Board of the Reserve Bank of India
The Board reviewed various areas of operations of the Reserve Bank of India including the functioning of Local Boards and activities of select Central Office Departments. The procedural and regulatory changes in future shall reflect the discussions in the meeting.
Common and Uncommon Questions Faced by NBFCs in SDD Maintenance
Structured Digital Databases (SDDs) have become integral to the operations of financial institutions, including Non-Banking Financial Companies (NBFCs). These institutions face unique challenges and requirements when it comes to maintaining their SDDs, driven by the distinct nature of their activities and regulatory environments.
New Aim to Improve Transparency in Rural Development
Government of Uttar Pradesh issued a critical notification addressing tax evasion concerns related to the Mahatma Gandhi National Rural Employment Guarantee Act (MNREGA) and other centrally and state-funded schemes operating within Gram Panchayats.
Major Reform in EPS Pension Disbursement: What You Need to Know About the New Centralized Pension Payment System
With the new CPPS, pensioners will have the flexibility to receive their pension from any bank, at any branch, across any location in India
EPS Pensioners to get pension from any bank, any branch, anywhere in India from 1st January 2025
By enabling pensioners to receive their pensions from any bank, any branch, anywhere in the country, this initiative addresses the long-standing challenges faced by pensioners and ensures a seamless and efficient disbursement mechanism. The CPPS would also ensure disbursement of pension throughout India without any need for transfer of Pension Payment Orders (PPO) from one office to another even when the Pensioner moves from one location to another or changes his bank or branch.
New Co-operative Revival Fund Scheme, 2024
The primary objective is to provide financial assistance to co-operative societies that are facing operational difficulties due to inefficiencies or liquidity problems.
New Payment Channel through BBPS Transforms NPS Contribution Experience
The Bharat Bill Payment System (BBPS) is a widely used platform in India for processing various bill payments. With the recent update, BBPS now supports NPS contributions, allowing subscribers to use multiple payment applications such as BHIM, PhonePe, and others to make their NPS payments
