Guidelines Financial News

CUET UG 2024 for the Kanpur centre as the wrong CUET question paper was distributed at the exam centre. As per TOI report, about 1.58 lakh candidates will be appearing for CUET UG eams today.The CUET UG exams will be administered in four shifts -Shift 1A from 10 am to 11 am, shift 1B from 12.15 pm to 1 pm, shift 2A from 3 pm to 3.45 pm and shift 2B from 5 pm to 6 pm.CUET (UG) 2024 offers 63 test papers this year.

The United Auto Workers on Friday accused Mercedes of interfering in last week's union election at two Alabama factories

government has asked insurance providers to introduce daycare packages for patients seeking Ayush treatment and said it expects insurance coverage to expand as the treatment guidelines are standardised. Claims under Ayush — an acronym for Ayurveda, Yoga & Naturopathy, Unani, Siddha and Homoeopathy — rose to ₹78 crore in 2023 from ₹9 crore in 2016.

Delhi High Court has directed the Delhi Development Authority (DDA) to formulate comprehensive SOPs (standard operating procedure) and guidelines for booking Ramleela sites within five weeks from the date of order and no later than June 25, 2024. The bench of Justice Tara Vitasta Canju in an order passed last week stated that, «The DDA shall formulate comprehensive SOPs/guidelines for booking of Ramleela sites within five weeks from the date of this order and no later than June 25, 2024. In the event, the DDA seeks to rely on the list of Delhi Dharmik Mahasangh (DDM) or other third part organisations for these bookings, an appropriate clarification would be in the SOPs/guidelines to make all persons aware of such reliance. These SOPs/guidelines shall be publisiced by DDA.» In the meantime, no online/offline bookings of DDA ground/open spaces for Ramleela functions, shall be undertaken by DDA, till the new SOPs/guidelines for booking of Ram Leela sites is published, said the court.

VP Nandakumar, MD, Manappuram Finance, says that the company has not been impacted by RBI's new regulations. He feels it is positive because the company is fully prepared for that through their online gold loan schemes, etc. The profitability remained pretty robust. Next year also on a consolidated level, they expect a CAGR of 20% and a profitability of the same level. Let us first talk about the Q4 performance when it comes to your AUMs. You have closed in about 18.7% growth which is normally a little bit lower than your guided 20%. Do you believe that the impact of all the RBI-led regulations is now behind you and the company can deliver a better AUM for the full year as well as the next quarter? VP Nandakumar: We have been guiding for about 20%. We reached 19%, 1% lower. Our performance has not been bad, but we will improve. RBI's new regulation has not impacted us. We feel like it is only positive because we were fully prepared for that through our online gold loan schemes, etc. So, our profitability remained pretty robust. We hope next year also on a consolidated level, we expect a CAGR of 20% and the profitability of the same level we expect. We have fully implemented the RBI guidelines. We are fully okay with the latest guidelines also.

Sebi mandated that 'at least one key personnel' on the investment team of the 'manager of an alternative investment fund (AIF)' should have NISM (National Institute of Securities Market) certification by passing the NISM Series-XIX-C exam. This regulation came into force from May 10 and will have to be complied with by May 9, 2025. What does Sebi hope to achieve by setting down this rule for investment managers? One can only assume the following: Positive signalling: It would send a powerful signal to teams and communities of the prowess of a certified fund manager. Certification=legitimacy: Almost every other profession — lawyers, company secretaries and doctors — requires certification. Moreover, with changes to the regulatory regime, experienced professionals have undergone additional examinations to become insolvency professionals under IBC, chartered valuers, or chartered financial analysts. Certification brings legitimacy and is an invaluable tool for any profession's self-regulating ability. Lifelong learning: As professionals, the value of adapting to changing business environments can't be understated. Taking this exam not only encourages young professionals, but also exemplifies a commitment to continuing education and evolution.

Goa and pigs have long been closely linked. The Portuguese probably didn’t introduce them, given pork eating traditions in western India, in places like Mangalore and Coorg. But they would have encouraged their rearing, from familiarity with salt pork which fuelled their long sea voyages. There was also, perhaps, the use that the Inquisition made of pork, to identify Iberian Jews who claimed to have become Christians, but secretly maintained Judaic habits, particularly a revulsion from pork. 'Dominic’s Goa', an entertaining memoir by Domnic Fernandes, has a chapter on women who would raise a few pigs at home, feeding them on kitchen wastes and going to the houses that didn’t keep pigs to collect their waste as well. This was mixed with easily available paddy husk, coconut cake (left after oil pressing) and the water from cooking rice. “Pigs were sort of wet garbage-cleaners,” he writes.

ragi mudde.The first time I had it, I almost choked. The mudde was probably too dense, or as newbie, I greedily took off too a large bite, or I didn’t soak it in enough curry to soften it.

State Bank of India (SBI), the country's largest lender, has kicked off the new project funding regime with a loan clause that enables it to transfer to the borrower any increase in cost resulting from implementation of proposed tighter provisioning regulations, even as the industry is lobbying against the move, people with knowledge of the matter told ET. A new clause in the lender's loan document explicitly states that for any regulatory change that requires SBI to make higher provisions, the bank will pass on the cost to the borrower. This would give the bank the right to raise rates even after sanctioning a loan at a particular interest rate. Early May, the Reserve Bank of India (RBI) issued comprehensive draft guidelines on financing and accounting of project loans. It proposed that banks set aside 5% as provisions on infrastructure and commercial real estate that are under construction, and this provision will come down gradually after the project is operational.

Singapore International Airlines Flight from London to Singapore, the airline has tightened certain rules dealing with turbulences. The incident which left one British citizen dead and more than 100 passengers injured in different states had prompted a safety review by the airline and other major airlines across the world.

₹2.1 trillion, the surplus (note, not dividend, since RBI is not a commercial entity) is the highest-ever payout by the central bank, and more than double the previous year’s ₹86,416 crore. This is good news. Especially since the transfer has been done after beefing up RBI’s contingency risk buffer (CRB) to the upper end of the band (5.5-6.5% of its balance sheet) suggested by the 2019 Bimal Jalan committee.

Sebi) has proposed relaxation of rules on valuation of investment portfolio of alternative investment funds (AIFs). These easing of norms relate to change in valuation methodology on material change, computing valuation of investment portfolio of AIFs, eligibility criteria of independent valuers to be appointed by AIFs and timeline for reporting valuation of investment portfolio by AIFs to performance benchmarking agencies. «Sebi is in receipt of representations from the AIF industry highlighting issues with regard to certain aspects of the valuation framework for AIFs,» the regulator said in a discussion paper on Thursday.

In May 2024, the Employees' Provident Fund Organization (EPFO) introduced new guidelines to simplify the process of handling physical claims for deceased EPF account holders. These guidelines eliminate the requirement to link an Aadhaar card, addressing the challenges field offices faced in verifying and updating the Aadhaar details of a deceased EPF subscriber’s death.

Indian banks have suggested to the US Treasury that its advisories to them should be routed via the finance ministry to ensure speedy implementation, people privy to the development said. Executives from some of the top lenders, including State Bank of India, Punjab National Bank and Canara Bank, met with a six-member US Treasury delegation last month. The discussions focused on Russian payments and a possible breach of the internationally imposed $60 a barrel purchase price on Russian crude.

Sebi's new guidelines for managing stock price impact arising from market rumours will ensure that the share price used in the merger and acquisition (M&A), buyback, and other transactions are not artificially influenced by speculative market activities, experts said on Wednesday. Market rumours pertaining to a company's business can create significant volatility in stock prices, often leading to transactions that don't reflect a company's true value. This market rumours could be related to anything, including exiting of top management, cancellation of an order and financial health.

Hero Electric Vehicles, Okinawa Autotech, and Benling India Energy and Technology, has revealed violations of the FAME-II norms, according to a Hindu Businessline report. It added that contrary to speculation, the companies have not been cleared of wrongdoing. Sources from the Ministry of Heavy Industries (MHI) told the paper that a new committee led by the Additional Secretary has been examining these issues.

admit cards for the CS Executive and Professional Exams June 2024. Candidates scheduled to appear for the examinations, set to be conducted from June 2 to June 10, 2024, can now download their hall tickets from the official website at icsi.edu. ICSI CS exam 2024 admit card: How to Download ICSI Admit Card To access their admit cards, candidates must log in using their 17-digit Registration Number. The admit card is a mandatory document for exam entry, and students are urged to ensure they download and print a copy well in advance of the exam dates.

Sensex fell 52.63 points, or 0.07%, to close at 73,953.31, while the Nifty 50 settled 27.05 points, or 0.12%, higher at 22,529.05. “Despite FIIs selling and India Vix at elevated levels, markets have stabilized and we expect a gradual up-move going forward. Key events to watch this week – UK inflation data, US Existing Home Sales number and FOMC meeting minutes," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd.

Also Read: SEBI may allow mutual funds to invest in overseas funds with exposure to Indian markets ‘’The unaffected price shall be considered for transactions on which pricing norms specified by SEBI or the stock exchanges are applicable, provided that the rumor pertaining to such transaction has been confirmed within 24 hours from the trigger of material price movement,'' said the market regulator. The unaffected price will be considered by excluding the effect on the price of the equity shares of the listed entity due to the material price movement and confirmation of the rumor.

State Bank of India has maintained its position and once again declined to share the standard operating procedures (SOPs) given to its branches for the sale and redemption of electoral bonds, reported The Times of India. The bank justified the denial by saying the information sought was held by the bank in "commercial confidence', was the "intellectual property of the bank" and the internal guidelines were strictly meant for the dealing staff. Anjali Bhardwaj, a transparency activist, filed an application on March 4 to request SOPs issued by SBI starting from April 2017. After the bank denied the information on March 30, she decided to appeal to the first appellate authority (FAA) of SBI. Feeling unsatisfied with the response received on May 17 from the FAA, Bhardwaj has now decided to appeal against the denial to the Central Information Commission (CIC).

Calcutta High Court on Monday came down heavily on the Election Commission of India for not resolving complaints filed by political parties during the Lok Sabha elections.