The Reserve Bank of India vide circular dated 15 February, 2022 has issued clarification on prior circular on Prudential norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances for financial institutions. Loan accounts classified as NPAs may be upgraded as ‘standard’ asset only if entire arrears of interest and principal are paid by the borrower. NBFCs shall have time till September 30, 2022 to put in place the necessary systems to implement this provision.
This amendment, known as the Insulated Flask, Bottles and Containers for Domestic Use (Quality Control) Amendment Order, 2024. It introduces changes that are crucial for
The notification introduces an additional duty on foreign liquor purchases made by the Chhattisgarh State Marketing Corporation Limited (CSMCL).
The newly amended proviso allows for a transitional period during which footwear manufactured or imported before the implementation of this amendment can still be
The amendment to the Footwear made from All Rubber and all Polymeric Material and its Components (Quality Control) Order, 2024, revises the conditions under which
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