RBI vide circular dated December 4, 2020 has restricted all Commercial Banks and all Cooperative Banks from Declaring dividends for the financial year ended on March 2020. In view of the ongoing COVID-19 crisis, it is imperative that banks continue to conserve capital to support the economy and absorb losses.
Manipur Updates Inner Line Permit Rules : Stricter Penalties
The Manipur govt amends ILP guidelines to introduce new working categories, stricter penalties, and sponsor responsibilities to regulate non-resident movement.