The Reserve Bank of India vide notification dated 18 November, 2020 has relaxed the requirements applicable to non-banking financial companies for Housing Finance Institutions as per the National Housing Bank Act, 1987. The Requirement for registration, net owned fund, Reserve fund and Maintenance of percentage of assets under the RBI Act shall no longer be applicable to Housing Finance institutions.
Union Cabinet Approves Extension of Special Package for Di-Ammonium Phosphate (DAP) Subsidy
The Union Cabinet has approved the extension of a one-time special package for Di-Ammonium Phosphate (DAP) fertilizer beyond the Nutrient-Based Subsidy (NBS). The package, amounting