Guidelines Financial News

The Reserve Bank of India (RBI) has issued guidelines to enhance customer options and flexibility in credit card issuance by card networks.

BSE that day, a Friday, to close at ₹793.05. By the next Friday, the stock had crashed more than 11%. It closed at ₹769.90 on 6 March.

Competition Commission can now impose penalties on companies based on their global turnover for violations, with the government notifying the amended competition norms. Till now, the Competition Commission of India (CCI) has been deciding penalties on the basis of a company's turnover from a particular business segment where violations have been found. The corporate affairs ministry has notified the provisions under the amended the Competition Act with effect from March 6. Vaibhav Choukse, Partner and Head of Competition Lawa at JSA Advocates and Solicitors, said the amendment empowers the CCI to impose a penalty on the global turnover of a company derived from all the products and services.

demat accounts. In light of these incidents, it becomes imperative to assess the security of one's demat account by understanding its structure and recent developments in trading practices. This scrutiny is essential for investors to ensure the integrity and safety of their investments in the dynamic landscape of India's financial markets.

mutual fund is like a big pot of money collected from many investors like you who want to invest in the stock market or other assets. This big pot of money is managed by a professional called a fund manager. The fund manager's job is to decide which stocks, bonds, or other assets to buy and sell within the fund.

Reserve Bank of India on Wednesday barred JM Financial Products from doing any form of financing against shares and debentures after it found 'serious deficiencies' that are detrimental to the interest of the customers, during a review of its books. With immediate effect, JM Financial Products has been asked to cease and desist from doing any form of financing against shares and debentures. This includes sanctioning and disbursing loans against IPO of shares and subscription to debentures. RBI has allowed the company to service its existing loan accounts through the usual collection and recovery process.

By Ross Kerber

NEW DELHI : Unwanted promotional calls from unregistered phone numbers may attract stringent action in the near future, with the Central Consumer Protection Authority (CCPA) preparing to crack down on the practice. The CCPA is meeting industry stakeholders this week to finalize a mechanism to end unsolicited commercial calls and messages, two people aware of the matter said.

diamond houses in India were alerted over the weekend that missing paper trails and sloppy records would land them in trouble under the new sanctions regime that began on March 1 to block Russian gems from the affluent western markets. The discreet, quaint world of diamonds, where close-knit jewellers and diamantaires cut deals in old-fashioned ways, is scanning a new, unfamiliar compliance mechanism that could change the way they have been doing business for ages. If local firms, which cut and polish eight out of 10 diamonds mined in the world, fail to generate and safekeep documentary evidence that the rough stones and jewellery did not originate in Russia, they could come under serious scrutiny. Cautioning them about the pitfalls, the apex trade body has circulated the various guidelines and formats of self-declarations that diamond firms shipping to the US and EU must share with their buyers to avoid trouble.

By Aditya Kalra

Health insurance is meant to provide financial protection against medical expenses. However, insurance companies do deny claims for various reasons. As a policyholder, it is important to be aware of common reasons why health insurance claims may get rejected. This will help you take necessary precautions and avoid claim denials.

₹700 crore. These guidelines are necessary to be followed “to preserve the tranquil ambience and ensure the orderly management of our premises," the temple authorities said.

Hindustan Times report. The district has maintained its top ranking after continuously following guidelines set by the district magistrate and chief development officer, said Chief Medical Officer (CMO) Dr Sandeep Chaudhary, according to an HT report.

NEW DELHI : New Delhi: With the Indian pharmaceutical industry increasingly coming under the scanner globally, the Central Drugs Standard Control Organisation (CDSCO) is conducting a major exercise for improving the quality, safety and efficacy of biological products. The apex drug regulator has come up with the latest guidelines on biological products such as vaccines, biological, and recombinant DNA products that are to be in tune with international guidelines including that of the World Health Organization (WHO) and regulators in other countries.

By Bhavin Turakhia The RBI's recent actions have generated a wave of passionate responses from the Indian fintech community. Through this open letter, I hope to share my personal observations and opinions on some of the challenges related to the fintech landscape in India and the role of the RBI.

By Stephen Nellis

Sam Bankman-Fried's lawyer says a recommended sentence of 100 years in prison for the FTX founder is “grotesque” and “barbaric” for cryptocurrency crimes

Moses Singer LLP partner Howard Fischer tells ‘The Claman Countdown’ that both sides in Sam Bankman-Fried’s case will ‘make good arguments.’

One Vehicle, One FASTag" initiative to discourage users from using a single FASTag for multiple cars or associating multiple FASTags with a single vehicle. NHAI has asked people to update their FASTag before the February 29, 2024 deadline.

corruption cases, probity watchdog CVC has suggested «delayering» by limiting the levels of processing and speeding up decision making. The Central Vigilance Commission (CVC) has issued guidelines from time to time, prescribing the time limit for completion of different stages of actions in vigilance related matters. «It has been observed that there are occasions when action in vigilance matters has been unduly delayed. One of the reasons for such delay has been found to be that the levels of examination/processing of vigilance matters are more than the required levels. The levels of processing of vigilance matters in different organisations also lacks uniformity,» the CVC said in an order. It said that in order to avoid delay in vigilance matters, the organisations concerned should review the levels of processing of such matters and should bring down the levels to a maximum of four.

Maharashtra Government has ordered an SIT to probe the Maratha reservation agitation led by activist Manoj Jarange Patil. The move came after Jarange Patil accused Maharashtra deputy CM of conspiring to target him. Speaking in the Maharashtra Legislative council on Tuesday, CM Eknath Shinde said "«Many leaders have become big on the issue of Martha reservation, Jarange patil raised demands for Maratha reservation he didn't had any political background and even I went to him.Keeping all the protocols aside I visited him twice. But now he is making remarks against DCM, our ministers and on the government… why? He is using low level language against the DCM, this language is not of karaykarta it's a political language. There are many other castes leaving in the state but this is an attempt to creat conflict between castes too. We won't tolerate such language against anyone. So let SIT investigate the matter and doodh ka doodh paka pani hone do» «We have given reservation to Maratha and it will stand in the court too all the guidelines and norms of court has been studied properly and accordingly. We have given reservation, there is no injustice done on any other community but people are spreading rumours that this reservation won't stand in court why? Who is spreading this?» the Maharastra CM said.