Guidelines Financial News

IIFL Finance Ltd and JM Financial Products Ltd (JMFPL) will undergo a special audit to further probe their regulatory breaches, as the Reserve Bank has initiated the process for the appointment of auditors. The Reserve Bank has floated two separate tenders for the appointment of auditors for special audits of these two non-banking finance companies. Audit firms empanelled by the Securities and Exchange Board of India (Sebi) for forensic audit can participate in the tendering process, and the last date for submission of bids is April 8, as per the tender document published by the Reserve Bank of India. The selected firms will be awarded work on April 12, 2024, as per the bid documents.

Karnataka government has moved the Supreme Court seeking a direction to the Centre to release financial assistance from the National Disaster Response Fund (NDRF) to the state for drought management. The petition has also sought to declare that the Centre's action in not releasing the financial assistance for drought arrangement as per the NDRF is «ex-facie violative» of the fundamental rights of the people of the state guaranteed under Articles 14 and 21 of the Constitution. It said the state is reeling under «severe drought», affecting the lives of its people and for the Kharif 2023 season, which starts in June and ends in September, a total of 223 out of 236 taluks are declared as drought-affected. The plea said 196 taluks are categorised as severely affected and the remaining 27 as moderately affected.

Bengali-speaking Muslims, known as "miya," to be acknowledged as indigenous people of the state. Sarma stated, «They should stop having more than two children and practicing polygamy as it is not the culture of Assamese people. If they want to become indigenous, they cannot marry off their minor daughters.» He stressed the importance of education, urging them to send their children to schools instead of madrassas and encouraging them to pursue careers as doctors and engineers. Sarma highlighted the need for cultural assimilation, stating that giving up certain practices and embracing Assamese culture could lead to them being considered indigenous over time. He also raised concerns about encroachment on 'satras' (Vaishnavite monasteries) land by Bengali-speaking Muslims, questioning their claim to indigeneity.

syllabus and textbooks for Classes 3 to 6 while there will be no change in the curriculum and textbooks for other grades for the academic year 2024-25 commencing from April 1, according to CBSE officials. The NCERT has informed the Central Board of Secondary Education (CBSE) that new syllabi and textbooks for classes 3 and 6 are currently under development and will soon be released, the CBSE said in a communication sent to affiliated schools. «Consequently, schools are advised to follow these new syllabi and textbooks for classes 3 and 6 in place of textbooks published by NCERT till the year 2023,» said Joseph Emmanuel, Director (Academics), CBSE. «Additionally, a bridge course for class 6, and concise guidelines for class 3 are being developed by the NCERT for facilitating a seamless transition for students to new pedagogical practices and areas of study aligned with new curriculum framework, 2023. These resources will be disseminated to all the schools online once they are received from NCERT.

International Olympic Committee (IOC) has mandated a vetting process for Russian and Belarusian athletes who have qualified successfully for the Paris 2024 Olympics. This decision comes following the Russian invasion of Ukraine in 2022 after which the IOC worked on issuing a ban from participating in IOC-affiliated competitions including the upcoming Paris Olympics. However, the IOC later allowed them for qualifying at the Paris Olympics but they will be allowed to participate after following a vetting process. They will also be called for participation on the basis of individual neutral athletes which will see them participating in the Olympics without their country's flag, emblem or anthems.

Borroe Finance ($ROE) continues to live up to the hype created around its existence, dramatically forging ahead in its presale and clinching new price all-time highs. Meanwhile, Avalanche (AVAX) reveals its community coin holding, comprising meme coins developed on the blockchain.

Supreme Court stayed GoI's notification establishing PIB's Fact Checking Unit (FCU) to act as a 'deterrent' against creation and dissemination of fake news or misinformation regarding GoI's 'business'. Being 'involved' in a piece of (mis)information makes gov bear a conflict of interest, thereby making it not the most neutral of umpires in disputes. The top court's stay order will be in place until the Bombay High Court decides on the challenges to Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Amendment Rules 2023.

A fifth former sheriff’s deputy in Mississippi has been sentenced for his part in torturing two Black men

Digital banking has brought a paradigm shift to the way we carry out financial transactions. The collateral damage, however, is the spate of frauds that accompany it. To minimise these frauds, the banking regulator has taken a number of steps so that banking remains safe and secure.

public sector lenders not to take coercive action against IL&FS and its group companies till its next hearing on May 14. A two-member NCLAT bench headed by Chairperson Justice Ashok Bhushan also issued notices to the banks, along with the Reserve Bank of India (RBI), directing them to file a reply. «In view of the order dated October 15, 2018, the Respondents (banks) shall not proceed to take any coercive action against the Applicant (IL&FS and group companies) till the next date,» said the NCLAT. On October 15, 2018, the NCLAT stayed all proceedings against IL&FS and other group companies till its further order. It had also restrained creditors of IL&FS from filing suits, in the case of non-repayment of loans.

Real Estate Regulatory Authority (MahaRERA) has issued draft guidelines with a proposal that every real estate project needs to maintain three bank accounts in the same scheduled bank to ensure compliance, efficiency, transparency, accountability, and appropriate utilisation. Of these accounts, Collection Account will maintain all revenue from the allottees and any other charges excluding all taxes and statutory duties. The second account, Separate Account, will be where 70% of the revenue from the project will be transferred to from the Collection Account. This amount will be solely utilised to cover land and construction cost as stated in the laws, loan interest, refunds as well as compensation of up to 70% to the buyer.

Gautam Buddh Nagar district have swiftly removed 11,682 defacements, including wall writings, posters, and banners, within 72 hours, aligning with the model code of conduct for the upcoming Lok Sabha election. This action, according to official data, targeted 9,361 defacements on public properties and 2,321 on private spaces across the district. The Election Commission's guidelines mandate the removal of all such defacements on government properties within 24 hours of election announcements. Similarly, unauthorized political advertisements on public properties and spaces must be removed within 48 hours, and those on private properties within 72 hours, subject to local laws and court directives. Local authorities in Gautam Buddh Nagar have been diligent in enforcing these guidelines, removing defacements from both public and private properties. The data indicates that 6,329 defacements were removed within 24 hours of the model code of conduct being enforced, 10,611 within 48 hours, and the total of 11,682 within 72 hours.

Begusarai emerged as the world's most polluted metropolitan area while Delhi was identified as the capital city with the poorest air quality, according to a new report. With an average annual PM2.5 concentration of 54.4 micrograms per cubic metre, India had the third worst air quality out of 134 countries in 2023 after Bangladesh (79.9 micrograms per cubic metre) and Pakistan (73.7 micrograms per cubic metre), according to the World Air Quality Report 2023 by Swiss organisation IQAir. In 2022, India was ranked as the eighth most polluted country with an average PM2.5 concentration of 53.3 micrograms per cubic metre. Begusarai stood out as the most polluted metropolitan area globally with an average PM2.5 concentration of 118.9 micrograms per cubic metre. The city did not even figure in the 2022 rankings.

Getting spam calls, WhatsApp messages? This is how Centre plans to fight them TRAI says that the new regulations were made after suggestions from the Department of Telecommunications (DoT) and consultations with the various stakeholders. Moreover, the telecom regulator also states that the new rules will be applicable from July 1 onwards.

demat account, it's important to explore its various functions beyond merely holding shares and securities. One such critical function is the ability to transfer shares to another demat account seamlessly. This feature not only facilitates the consolidation of shares but also simplifies the shareholder's ability to manage and monitor their entire portfolio effectively.

In the dynamic landscape of India’s real estate, the Uttar Pradesh Real Estate Regulatory Authority (UP RERA) has emerged as a catalyst for change, ushering in a new era of transparency and efficiency. The recent directives issued by UP RERA are game-changers, particularly in enhancing the clarity and fairness of transactions, redefining the relationship between developers, agents, and homebuyers.

CUET PG exam on March 11. The Common University Entrance Test for Postgraduate Programmes graduation will conclude on March 28, 2024. Students will appear for M.Ed, Criminology, Physical Education, MA Education, and Food Engineering and Technology entrance exams today, Sunday, March 17.

Model Code of Conduct (MCC) has come into force with the announcement of voting dates today by Election Commission of India (ECI), marking a significant aspect of electoral governance. The MCC, which traces its origins back to the assembly elections in Kerala in 1960, has evolved over the past six decades to its present form, according to the Election Commission of India (ECI).

Ghaziabad Lok Sabha Elections: Dates and Schedule The precise voting date for the Ghaziabad Lok Sabha constituency in the upcoming 2024 elections is yet to be declared by the Election Commission. Similarly, the result announcement date awaits official confirmation in March. The election process will follow the guidelines set by the Election Commission of India (ECI), ensuring a fair and transparent electoral process.

Lok Sabha elections date 2024 LIVE updates: CEC Rajiv Kumar-led Election Commission of India (ECI) is set to announce the complete schedule of Lok Sabha elections 2024 on Saturday. The election body will hold a press conference in New Delhi and will declare the crucial details about the upcoming general elections like dates, phases, announcement of results, etc.The announcement of the Lok Sabha election date 2024 comes two days after the appointment of two new Election Commissioners- Gyanesh Kumar and Sukhbir Singh Sandhu.

Mint was the first to report about the launch of the portal. CCPA, which reports to Ministry of Consumer Affairs, also launched e-court facility for State Consumer Disputes Redressal Commission (SCDRC) in Chandigarh, Punjab, Haryana, Maharashtra and Delhi. The e-court will facilitate easy e-filing of complaints by consumers for the speedy and hassle-free resolution of their complaints.