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Bournvita from the category of ‘health drinks’, on their portal and platforms. “National Commission for Protection of Child Rights (NCPCR), a statutory body constituted under Section (3) of the Commission of Protection of Child Rights (CPCR) Act, 2005 after its inquiry under Section 14 of CRPC Act 2005 concluded that there is no ‘health drink’ defined under FSS Act 2006, rules and regulations submitted by FSSAI and Mondelez India Food Pvt Ltd,” said a notification from the ministry dated April 10. The advisory follows an inquiry by the NCPCR, which revealed that Bournvita contains sugar levels exceeding the acceptable limits.

Reserve Bank of India has rejected two more applications, including that of Dvara Kshetriya Gramin Financial Services, for setting up small finance banks. Earlier in July 2023, it had rejected three applications. RBI had received about a dozen applications to set up banks under the guidelines for 'on tap' Licensing of Universal Banks and Small Finance Banks (SFBs). The guidelines for 'on tap' licensing of Universal Banks and SFBs in the private sector were issued on August 1, 2016, and December 5, 2019, respectively.

business school Insead has no plans to open a campus in India, its dean, Francisco Veloso, told ET in a recent interaction. However, the institute is committed to developing and strengthening industry-academia research in future with top Indian multinationals and large startups, as well as expand and enhance educational collaborations here, said Veloso, a professor of strategy who took over as the dean of the institute in September. Last year, the University Grants Commission notified guidelines for foreign universities to set up campuses in India.

Central Board of Secondary Education (CBSE) is planning to launch a pilot of the National Credit Framework for classes 6, 9 and 11 from Academic Year 2024-25 and has invited its affiliate schools to participate in the same, news agency PTI reported on Wednesday citing officials. It is important to note that in 2023, the union government launched the National Credit Framework (NCrF), jointly developed by UGC, NCERT, CBSE, AICTE and the Ministry of Education among others—as part of the implementation of the National Education Policy (NEP)-2020.

large-cap funds. Their rationale is that these funds invest at least 80% of their portfolio in large companies where valuations are still reasonable, with the companies having established track records and strong management teams. WHAT IS THE DEFINITION OF A LARGE-CAP FUND? As per regulatory guidelines, a large-cap company is a listed company which is ranked from 1st to 100th on the Indian stock exchanges in terms of market capitalisation. Hence, for a fund house, a large-cap scheme needs to invest at least 80% of its assets in large-cap companies, with the flexibility to invest the balance 20% in other companies as per the discretion of the fund manager

Telecom operators, Reliance Jio, Bharti Airtel and Vodafone Idea have demonstrated rare unanimity in opposing the sector regulator’s proposal to have more stringent provisions for improving the quality of services. Consumer advocacy groups, however, have backed the regulator in demanding guardrails that hold telcos accountable for the quality of service, prompting telcos and telecom associations to oppose the draft regulations. The regulator has asked stakeholders to send more comments by April 22.

The guidelines stipulate several measures aimed at preventing further transmission of cholera. These include regular sanitation of kitchen facilities, mandatory installation of RO water filters, provision of hot meals, and vigilant monitoring of residents' health. Any changes in health status are to be promptly reported, with provisions made for immediate hospitalization should cholera symptoms manifest. Emphasis should be placed on the routine cleaning of premises, particularly communal areas such as kitchens, the guidelines said.

IoT) devices, mobile device security, and digital education, a senior official told ET. These working groups, set up under the ministry of electronics and information technology, will look to develop and adopt guidelines and frameworks for “effective and efficient implementation of e-governance projects” of ministries and government departments, according to sources.

IFCI) and launch of the initial public offer (IPO) for India Infrastructure Finance Company Ltd (IIFCL) within weeks of new government taking charge. In the first 100 days, privatization of two PSBs, which has been on the back burner, may be revisited and plans laid out for stake sale in more than one general insurer, and possible merger of two or three general insurance companies after recapitalization, said the second person. Also planned is further consolidation of PSBs to create at least one mega-bank in the short-term.

₹10,000. Sebi also came out with a regulatory framework for online bond platforms and guidelines to cut the minimum face value of corporate bonds to ₹1 lakh. But these measures would still be counted as piecemeal approach.

Social commerce is poised for dynamic growth, with some estimating a 10-fold rise by 2030, but building digital trust and inspiring consumer confidence around product authenticity is what will set the cash registers ringing for brands and founders as online shoppers eagerly browse, purchase and checkout directly from social media apps, say experts. The coming together of e-commerce and social media to create a new business channel, social commerce is increasingly gaining traction in the retail space. Consumers discover and purchase goods and services directly through social media platforms like Facebook, Instagram, and YouTube among others.

NEW DELHI : Banks not recognizing any interest income on bad loans by following RBI’s prudential norms does not absolve borrowers from the obligation to show the interest liability on their financial statements, audit regulator National Financial Reporting Authority (NFRA) said in a regulatory order. NFRA said defaulters are not free of the obligation to recognise interest liability as banks are required to maintain a record of accrued interest on bad loans and do not release the borrower from the contractual liability to pay interest.

IMD's special bulletin, the eastern, Central and Peninsular India will witness a fresh spell of thunderstorms accompanied with rainfall, gusty winds and hail from April 6. Odisha is likely to receive heavy rainfall at isolated places on April 8, and hailstorm on April 7, forecasted the weather department. Odisha, the special bulletin said, will receive light to moderate rain accompanied with thunderstorm and lightning at isolated places on April 6.

Garena Free Fire MAX has emerged as a top-tier gaming experience, attracting players nationwide. Each day, gamers have the opportunity to claim exclusive rewards by redeeming special codes, adding an extra layer of excitement to their gameplay. However, these redemption codes come with a time limit, typically available for only 12 to 18 hours, keeping players eagerly awaiting their chance to grab valuable loot.

Indiabulls Real Estate has secured over Rs 3,911 crore through a preferential allotment from a diverse group of investors, including Embassy Group, Baillie Gifford & Co, Blackstone Real Estate Fund, Quant Active Fund, Poonawalla Finance, Micro Labs, Maybank, Utpal Sheth, Capri Global, Yash Shares & Stock, Aalidhra, among others. The floor price for this issue has been set at Rs 111.51 per share, in accordance with SEBI guidelines. The valuation was conducted by one of the Big 4 firms. Embassy Group will invest Rs 10 crore in equity shares and an additional Rs 1,150 crore in warrants. Meanwhile, Blackstone Real Estate Fund is set to invest Rs 375 crore in equity shares and Rs 860 crore in warrants.

South Korea is set to introduce stricter regulations for token listing on exchanges, including the blocking of tokens that have been hacked.

govt securities by logging on the website. As per the RBI Governor, «The RBI Retail Direct Scheme was launched in November 2021. It is now proposed to launch a mobile app for accessing the Retail Direct portal. This will be of greater convenience to retail investors and deepen the G-sec market. „ As per the statement given by RBI, “RBI Retail Direct Scheme, launched in November 2021, gives access to individual investors to maintain gilt accounts with RBI and invest in government securities. The Scheme enables investors to buy securities in primary auctions as well as buy/sell securities through the NDS-OM platform. To further improve ease of access, a mobile application of the Retail Direct portal is being developed. The app will enable investors to buy and sell instruments on the go, at their convenience. The app will be available for use shortly.»

The Income Tax Department has now released the e-filing versions of the ITR-1, ITR-2, and ITR-4 forms for the financial year 2023-24 (assessment year 2024-25). This simplifies the process for taxpayers, allowing them to begin filing their income tax returns. The deadline for filing income tax returns (ITRs) for FY 2023-24 (AY 2024-25) is July 31, 2024.

defaulting on loan repayment from being considered a criminal offense, except in cases of fraud, breach of trust, or as specified by the law. He further explained that when a borrower consistently misses EMI payments, the lender has the authority to systematically inform them. Typically, banks or financial institutions are required to give the borrower reasonable notice to fulfill their payment obligation.

The compliance function in banks is the nerve-centre that performs a vital role in preserving organizational resilience and stability. Equate it to our cardiovascular system. Just as a weak heart can debilitate the body, even result in a sudden demise, so can inept and deficient compliance take a toll on a bank’s health, with serious implications for the entity as well as the financial sector.