Guidelines Financial News

EPFO Update:: The Employees' Provident Fund Organisation (EPFO) has stated that in light of the challenges encountered by field offices and the inability to rectify/update Aadhaar details following a member's death, it has been determined that henceforth, the processing of physical claims without seeding Aadhaar may be permissible in all such death cases. “However, this concession is contingent upon obtaining approval from the Officer in Charge (OIC) via an e-office file.

government panel has held that companies knowingly violated Faster Adoption & Manufacturing of Electric Vehicles (FAME) subsidy scheme guidelines that were 'very clear', officials said. The report, submitted by the panel earlier this month, counters findings of an earlier probe by a joint secretary in the Ministry of Heavy Industries (MHI) that said some key terms in the FAME were not clearly defined. The December 2023 report by the joint secretary was not accepted by the Centre, which ordered a fresh probe in February.

Lok Sabha elections 2024: Voting for the fifth phase of the Lok Sabha elections 2024 will be held on May 20 (Monday). Total 49 seats across 6 states and 2 Union Territories will be covered in the fifth phase.

Mint. The agency did not respond to Mint’s query on if any products were recalled or if licenses were cancelled in the past five years, for not complying with food laws. It also did not disclose any names of errant food makers.

The Maharashtra Real Estate Regulatory Authority (MahaRERA) has announced comprehensive guidelines for real estate project developers with regard to essential aspects of housing projects being developed for senior citizens. In a recent circular, the regulator has specified that developers have to meet guidelines and specifications like building design, kitchens, bathrooms, green building principles, lifts and ramps, staircases, corridors, lighting and ventilation, and safety and security.

Investors and traders are finding no respite from the election heat, with exchanges even holding a special trading session on Saturday. Both the equity cash and derivative markets will function in two sessions on Saturday.

Delhi excise policy case, according to a report in legal news website Live Law. The Aam Aadmi Party, borne out of an anti-corruption campaign in 2012, becomes the first political party in India to be charged in a criminal case.

credit rating. Higher the rating, the safer the instrument and conversely, the lower the rating, the riskier the investment. However, one may wonder what are the criteria based on which these agencies such as CRISIL and ICRA rate the financial products.

schools in the national capital, the city police have told the Delhi High Court there are a total of five bomb disposal squads (BDS) and 18 bomb detection teams for over the 4,600 schools here. In a status report filed in the court on Thursday, the Delhi Police stated they had issued guidelines last year to deal with bomb threats to schools and an order deputing nodal officers for deployment of BDS in case of a bomb threat has also been issued. It said 120 mock drills were conducted in schools between January 1, 2023 and May 6 this year. Earlier, Justice Subramonium Prasad had asked police to give details of steps taken to ensure that school children are evacuated safely without panic in case of a bomb threat, with least dependency on parents. It had also sought data on the number of schools in each zone, the nodal authority concerned in each zone, the number of mock drills etc.

Sectorally, buying was seen in realty, consumer durables and capital goods stocks while selling was available in utilities.

ALSO READ: Unwanted promotional calls to attract hefty fines; new guidelines as early as this month Taking to X, Nandy wrote, “I’m sorry but I am no longer taking calls from unknown numbers. Almost every call I get is a marketing call, coming from different cities and even overseas, despite my DND status. I know this may inconvenience some who need my urgent attention but I am tired of this undeclared war on my privacy." Nandy's tweet garnered over 99.2k views and 151 comments.

Power Finance Corporation (PFC), the country's largest lender to the power sector, said the Reserve Bank's recent draft guidelines on infrastructure project financing will not impact its profitability. The company said it has sufficient capital adequacy to counter the provision if it gets implemented. «We are examining those guidelines in detail, but what we understand is that these guidelines have been issued for the projects under implementation. I would like to say that in such a case, we are not going to have any impact on the profitability,» said Parminder Chopra, chairperson and MD of Power Finance Corp.

Mint explores. The 2024 Dietary Guidelines for Indians (DGIs) is a list of 17 do’s and dont’s from India’s premier nutrition research institute. It advises us to eat a variety of fresh foods, include quality protein in diets and avoid supplements to build muscle, take steps to prevent abdominal obesity, minimise consumption of ultra-processed food high in salt, sugar and fat, plus pay attention to labels on packaged food to make informed choices.

Mumbai's Ghatkopar at 8 pm from Shreyas Cinema on LBS Road to Gandhi market on Wednesday, May 15. To avoid security lapses, Mumbai police issued traffic guidelines for the day. Multiple routes including LBS road in Ghatkopar will remain closed for some hours.

On Monday, the National Company Law Tribunal deferred a class-action case filed by some shareholders of ICICI Securities (I-Sec) who are up in arms over the company’s move to delist itself and merge with parent ICICI Bank under a plan that won shareholder approval on 28 March. As investors, they were offered 67 shares of ICICI Bank for every 100 of I-Sec, a brokerage business owned nearly three-fourths by ICICI Bank and the rest by the public. As disgruntled minority owners saw it, that share-swap ratio implied their company had been valued at only about half its earnings multiple than at the time it was listed for trading six years ago.

Finra has just given more clarity on how it expects investment firms and their agents must handle digitally generated marketing and advertising communications.

Lok Sabha elections 2024: Did you know an elector can cast a vote even if he/she does not have the voter ID card, also known as the electors photo identity card (EPIC)? ALSO READ: Elections 2024: Full list of 96 Lok Sabha constituencies, over 300 Andhra, Odisha Assembly seats voting in Phase 4 According to the guidelines of the Election Commission of India (ECI), one can cast a vote even if they do not have a physical copy of their voter ID card at the time of voting at the polling booth. ALSO READ: Lok Sabha elections 2024 Phase 4: Not living in your hometown? Here's how to vote But it is first advisable for all the voters to first ensure that their names are enlisted in the Election Commission’s voter list.

ALSO READ: US man who got 1st pig heart transplant dies after 2 months "The Mass General transplant team is deeply saddened at the sudden passing of Mr. Rick Slayman. We have no indication that it was the result of his recent transplant," ABC News quoted Massachusetts General Hospital statement.

ICMR) has said stressing that consumers should read the information carefully to make informed and healthy choices. In its recently issued dietary guidelines, ICMR said «Some manufacturers use labels to make incorrect and incomplete claims about their food products.» The report said health claims on packaged food are designed to catch the consumer attention and convince them that the product is healthy. It also pointed out that sugar-free foods maybe loaded with fats, while packed fruit juices may contain only 10 per cent fruit pulp.

security arrangements for the May 13 polling in Srinagar Lok Sabha constituency, even as political parties expressed concern that their workers are being harassed by police. The Srinagar Lok Sabha constituency with about 17.4 lakh voters, including 2 lakh first-time voters, is spread over 18 Assembly segments in the four districts of Ganderbal, Srinagar, Pulwama and Budgam, where voting will take place at 2,135 polling stations. The administration has deployed police and paramilitary forces on all major roads and erected checkpoints in the constituency. Election Commission of India mandated security has been placed around polling stations as well.

Reserve Bank of India and finance ministry, as the stiff provisioning norms can potentially dry up bank finance for infrastructure projects and make loans costlier. The immediate concern for the sector is whether the changes would derail MoRTH’s plan to revive BoT (build operate transfer) projects for highways, where private investment is expected to come after a long interval.