Guidelines Financial News

The Reserve Bank of India (RBI) has released a circular that issued fresh instructions relating to inoperative accounts. The circular states that any credit balance in any deposit account maintained with banks, not operated for ten years or more, is required to be transferred by banks to the DEA (Depositor Education and Awareness) Fund maintained by the RBI.  

stricter guidelines during the upcoming tests. The National Testing Agency (NTA) has announced that frisking and biometric attendance will be mandatory, even after a toilet break.

To accelerate public spending in the last quarter of the current fiscal, the finance ministry has relaxed cash management guidelines to allow departments and ministries to release Rs 500 crore or more in schemes without any restrictions.

BARC), India's sole TV viewership measurement body, has increased its meter count used for measuring viewership of Indian TV audiences to 59,000 and is on course to touch 65,000 in the near term, say sources privy to the development. BARC has set a target of installing 65,000 bar-o-meters which are used to collect TV viewership data, and is adding new meters every month to achieve its target, one of the sources said. The council had installed 55,000 bar-o-meters as of December 2022, in accordance with the Ministry of Information and Broadcasting's (MIB) policy guidelines for TV rating agencies in India. The increase in meter count comes amid calls from various sections of the industry to increase the BARC panel size to capture precise TV viewership data from India's urban and rural areas. Meterology Data, in which BARC owns 51% and TAM Media owns the remaining 49%, deploys and maintains the bar-o-meters. It also has 2500 OOH meters to collect representative data from India's urban and rural areas. The bar-o-meters are used to collect real-time data beamed through GSM networks, which are supported by a network of field personnel, electronic equipment, and a strong IT backbone. BARC is promoted by the Indian Broadcasting and Digital Foundation (IBDF), the Indian Society of Advertisers (ISA), and the Advertising Agencies Association of India (AAAI). The IBDF holds a 60% stake in BARC, with the ISA and AAAI owning 20% each.

Coinbase, the United States' largest cryptocurrency exchange, has escalated its legal confrontation with the U.S. Securities and Exchange Commission (SEC). This significant legal battle, unfolding in the Third Circuit court, is not just a corporate skirmish but a defining moment in the broader dialogue about cryptocurrency regulation in America.

BCCI) has invited bids, or the Request for Quotation (RFQ), for securing partnership rights for the Women’s Premier League (WPL) The detailed terms and conditions governing this tender process, including eligibility criteria, bid submission procedures, rights, obligations, etc., are outlined in the RFQ document, the BCCI said in a statement. Interested parties can access this document upon payment of a non-refundable fee of Rs 1,00,000 (Indian Rupees One Lakh Only), along with any applicable Goods and Services Tax. The availability of the RFQ for purchase is open until January 19, 2024. This is a significant step to foster involvement and investment in women's cricket. Entities keen on participating in the bidding process are required to procure the RFQ. However, it is crucial to meet the eligibility criteria specified in the RFQ and comply with the terms and conditions therein to qualify for the bidding process. Mere acquisition of the RFQ does not grant the right to bid. Notably, the RFQ documents will be provided only after the confirmation of payment of the non-refundable RFQ fee.

CBI has filed a closure report in a case related to alleged irregularities in the allotment of Kilhoni coal block in Maharashtra to Nippon Denro Ispat Limited in 1998, officials said on Tuesday. The agency had started the preliminary enquiry on the directions of the Central Vigilance Commission in 2012 where a complaint was filed by then Congress MP Sandeep Dikshit and six other then MPs alleging irregularities in the allocation of coal blocks during the period 1993-2005.

Covid cases in India Live Updates: COVID-19 cases have been steadily rising in India since the last month when the number of cases spiked especially in Kerala. With the emergence of Omicron sub-variant JN.1, both state and state governments have taken measures to curb its spread. Given this situation, the All India Institute of Medical Sciences (AIIMS) of Delhi issued guidelines for COVID-19 suspected or positive cases that will be reported at hospitals.World Health Organisation (WHO) declared this new strain as a Variant of Interest (VOI) that is under intense scientific scrutiny.

Pine Labs, which is based in Singapore, plans to seek board approval this quarter to move its parent company to India, according to people in the know. Business-to-business (B2B) ecommerce firm Udaan is considering a similar move in view of its plans for an initial public offering (IPO) in 12-18 months, they said. The two join several other well-funded and highly valued startups that are moving their overseas holding companies to India — or ‘reverse flipping’ — ahead of listings, especially in the central bank-regulated fintech sector.

Last year saw a stream of dismal headlines about kids’ mental health. Children and teens in the US are struggling with higher levels of depression and anxiety. Rates of suicides and eating disorders are on the rise.

weight loss, and hitting the gym. Especially due to the pandemic-induced shock, the majority of people are focussing much on health and fitness and this is a growing category.

actions under Stage-I and Stage-II of the GRAP shall, however, remain invoked, be implemented and reviewed by all agencies concerned. As GRAP-III restrictions were revoked, the ban on BS-III petrol and BS-IV diesel vehicles in Delhi and surrounding areas was also lifted.

THE Pension Fund Regulatory and Development Authority (PFRDA) has allowed investors of National Pension System (NPS) to select multiple pension funds for the various asset classes. So investors must review the performance of the funds at the beginning of the year and spread the corpus across three top-performing pension fund managers to earn higher long-term returns.

In the wake of existential threat that stares at the planet, every institution and individual is urged to do their bit for the environment. Financial institutions are expected to fund these projects for the betterment of humanity and for the planet we inhabit. 

Reserve Bank of India (RBI) has deferred the deadline for introduction of a new penal charges regime by three months from Jan 1 2024 to April 1, 2024. This extension has been given for the new loans, while the existing loans are meant to be migrated to the new penal regime by June 30, 2024. This was announced in a recent RBI notification released on Friday.

Bitcoin's journey has been marked by both triumphs and challenges, and the year 2024 promises to bring about new trends and emerging themes that will shape the future of this decentralized digital asset. Before we get excited or curious about what 2024 is about to bring us, let us remember that studies and trends have showing an explosion of trends in cryptocurrency that investors can try to participate in.

USA Boxing has implemented a 'Transgender Policy,' enabling male boxers who undergo transition to participate in the female category starting in 2024. The governing body, responsible for overseeing amateur and Olympic-style boxing in the United States, has established specific conditions for transgender athletes to compete.

United Kingdom will introduce significant changes to its Visitor Visas, allowing additional business activities, according to the updated immigration rules published by the UK government. Under the new guidelines, visitors will be allowed to continue to work for an overseas employer while staying in the UK. Nevertheless, the primary intent of their visit must be tourism, visiting family, or engaging in another non-work-related activity.

By Chaitali Dutta

accessibility of railway stations, facilities there and in trains for people with disabilities, highlighting the need for integrating technology-enabled features such as text-to-speech and user-friendly pictograms. The Department of the People with Disabilities (PwDs) has asked stakeholders and the public to give their comments, objections and suggestions by January 29 on the proposed guidelines to create a more user-friendly environment. The proposed guidelines also highlight the need for dedicated website features catering to "divyangjans", ensuring a flexible and accessible interface design.

ETtech recaps the top tech policy developments of 2023 and its significance.