The Employees’ State Insurance Corporation (ESIC) has informed that several NGOs/local private bodies/State or Central Government organizations are making voluntary donations to ESIC health facilities in light of the Covid-19 pandemic. The circular clarifies that all such donations are to be entered in stock register and intimation regarding such donations is to be notified to ESIC via an email. The source, quantity and date of donation followed by a copy of donation letter along with its utilization details has to be attached.
RBI FAQs on the circular on ‘Reset of Floating Interest Rate on Equated Monthly Installments (EMI) based Personal Loans’
The circular exclusively applies to EMI-based personal loans. It does not extend to other loan types, such as business or commercial loans. Personal loans, as