REGULATIONS


IANS 23 February 2024
The Insolvency and Bankruptcy Code (IBC) seems to be incentivising debtors to settle their defaults even before the cases are admitted under the code, credit rating agency CARE Ratings said.   In a research report, CARE Ratings said: "The IBC seems to be incentivising debtors to...

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Moneylife Digital Team 23 February 2024
The Reserve Bank of India (RBI) says it has advised National Payments Corporation of India (NPCI) to examine the request of One97 Communication Ltd (OCL/Paytm) to become a third-party application-provider (TPAP) for unified payment interface (UPI) channel for continued operation of the Paytm...

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IANS 23 February 2024
Public sector Hindustan Aeronautics Ltd (HAL) has received penalty notices of Rs 542,800 each from India’s two stock exchanges-BSE and NSE- for not having sufficient number of independent directors on its Board.   In a regulatory filing on Friday, HAL said it has received notices from...

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IANS 23 February 2024
The government has approved amendments to the Electricity (Rights of Consumers) Rules that will further reduce the timeline for getting new electricity connections and simplify the process of setting up rooftop solar installations, Minister for Power and New & Renewable Energy R. K. Singh...

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IANS 23 February 2024
The US Federal Trade Commission (FTC) has issued a fine of $16.5 million on the cybersecurity company Avast over the charges that the firm sold browsing data to third parties after claiming its products would block online tracking.   According to FTC, the firm did the opposite instead...

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IANS 23 February 2024
The Department of Consumer Affairs in collaboration with the Advertising Standards Council of India (ASCI) conducted a stakeholder consultation to collectively address the malaise of surrogate advertisements that promote products in restricted categories, such as alcohol.   Such ads...

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IANS 22 February 2024
The Haryana Real Estate Regulatory Authority (RERA), Gurugram, has imposed a penalty of Rs25 lakh on the promoter of Yashvi Homes Private Limited for publishing a 'misleading advertisement' about a Deen Dayal Awas Yojana (DDJAY) project in a mainstream daily.   The promoter is...

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IANS 22 February 2024
The Pension Fund Regulatory and Development Authority (PFRDA) has notified the amended Trustee Bank and Central Recordkeeping Agency regulations in order to protect the National Pension System subscribers from fraud, reduce the cost of compliance and enhance the ease of doing...

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Moneylife Digital Team 22 February 2024
Market regulator Securities and Exchange Board of India (SEBI) has barred Santhoshkumar Ravi (noticee) of B4Trading Tamil (B4TT) for six months for providing unregistered investment advisory services. While slapping a fine of Rs1 lakh, SEBI also asked Mr Ravi to refund Rs29.99 lakh collected...

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Moneylife Digital Team 22 February 2024
Market regulator Securities and Exchange Board of India (SEBI) has issued warning letters to four entities offering illegal investment advisory to investors. Entities that SEBI had warned in February are EHGTips/Earn in Hidden Gems (proprietor Manik Katyal) from Ambala, Haryana,...

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IANS 21 February 2024
Finance minister (FM) Nirmala Sitharaman chaired the meeting of the Financial Stability and Development Council (FSDC) on Wednesday which discussed the issues related to India’s macro financial stability and the preparedness to deal with them.   The FSDC also discussed plans to...

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Moneylife Digital Team 21 February 2024
Market regulator Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs3 lakh on Kotak SEAF India Fund, Kotak Alternate Asset Managers Ltd and Kotak Mahindra Trusteeship Services Ltd (noticees) for violating Venture Capital Funds (VCF) Regulations in the case of India...

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Moneylife Digital Team 21 February 2024
The Pension Fund Regulatory and Development Authority (PFRDA) has notified the amendments to the regulations of the National Pension System (NPS) Trust and the Pension Fund to reduce the cost of compliance and enhance the ease of doing business. As per the official statement issued on...

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Moneylife Digital Team 20 February 2024
The Insolvency and Bankruptcy Board of India (IBBI) has suspended for two years the registration of insolvency professional (IP) Sanjay Kumar Singh for contravening the applicable provisions of the Insolvency and Bankruptcy Code (IBC) and regulations on conducting an auction for the sale of...

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IANS 20 February 2024
China’s central bank has cut its key mortgage reference rate by a record amount, as it ramps up efforts to stem a prolonged property crisis, a media report said.   The People’s Bank of China (PBoC) announced on Tuesday that it would cut its five-year loan prime rate (LPR) from 4.2 per...

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Moneylife Digital Team 16 February 2024
The Reserve Bank of India (RBI) has extended the deadline to 15 March 2024, after which Paytm Payments Bank Ltd is barred from accepting deposits. The last date fixed earlier was 29 February 2024. RBI also released FAQs to help customers understand the implications of its restrictions on...

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IANS 16 February 2024
The Haryana Real Estate Regulatory Authority (HARERA), Gurugram, has issued an advisory directing the city-based banks to comply with the provisions of the Real Estate (Regulation and Development) Act, 2016.   It has come to the notice of the Authority that real-estate promoters are...

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Moneylife Digital Team 15 February 2024
Expressing concerns over a payment intermediary operated by a card network, Reserve Bank of India (RBI) has asked the card network to keep all such arrangements under abeyance till further orders. RBI has not named the card network.    In a release, RBI says, it noted that a card...

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IANS 15 February 2024
Enhancing the protection of insurance policyholders, the Insurance Regulatory and Development Authority of India (IRDAI) has proposed to enhance the free look period to 30 days in the case of life and health insurance policies.   Free look period is the period during which a...

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IANS 15 February 2024
RBI governor Shaktikanta Das on Wednesday told the managing directors and chief executive officers (CEOs) of public and private sector banks that the customer grievance redress mechanism and protection of customers’ interests are of paramount importance for the safety and stability of the...

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