Guidelines Financial News

Defense attorneys for former Binance CEO, Changpeng Zhao, have legally pushed back against claims made by the government that he is a “flight risk” who should not be allowed to leave the country. 

Civil Aviation regulator DGCA has released a circular to airlines and the Airports Authority of India (AAI) to deal with fake GPS signals that overpower a flight's own navigation system and divert it from its intended path. Increasing number of reports have suggested that Indian airlines and aircrafts have been facing incidences of GPS spoofing and jamming when they fly over parts of the Iraq-Iran area. «Considering the increasing reports of GNSS (global navigation satellite system) interference over airspace in the Middle East in the recent past, DGCA had formed an internal committee on October 4.

Facebook and YouTube to repeatedly remind users that local laws prohibit them from posting deepfakes and content that spreads obscenity or misinformation, two sources told Reuters. The warning was conveyed by deputy IT minister Rajeev Chandrasekhar in a closed-door meeting where he said many companies had not updated their usage terms despite 2022 rules that prohibit content «harmful» to children, obscene or that «impersonates another person».

The European Banking Authority (EBA) aims to update the Anti-Money Laundering and Combatting the Financing of Terrorism (AML/CFT) rules for crypto providers. 

₹10.34 crore on Citibank, Bank of Baroda, and Indian Overseas Bank for contravention of norms. The apex bank regulatory body made it clear that the action is based on the deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.

NEET PG qualifying percentile reduced to zero: Congress slams decision The new NMC rule says that students who pursued physics, chemistry, biology, or biotechnology along with English even as an additional subject after passing class 12 from duly recognised boards will be eligible to appear in the NEET-UG test. NEET PG 2023: Candidates scoring in ‘negative’ also eligible for counselling The decision will apply even to those students whose applications were previously rejected, NMC added.

stock exchanges this week for non-compliance of Securities and Exchange Board of India's listing requirements pertaining to composition of board directors. BPCL, HPCL, Indian Oil, ONGC, GAIL, Indian Railway Finance Corp, Garden Reach Shipbuilders & Engineers and Ircon International, among others, received notices from BSE and NSE separately, asking them to pay up a fine of ₹5,42,800 each to both the bourses.

expert panel on the Uttarakhand tunnel disaster indicated that construction was caught in a 'shear zone' situation and lacked the required escape route or piped passage in case of emergencies, it is learnt. As per guidelines, any tunnel of more than 1.5 km must have an escape passage for emergencies. Project proponents claimed that there was a piped escape passage in place until a few days before the tunnel collapse, but it was removed for some reason, it is learnt. The tunnel collapsed on November 12 and an expert committee was set up on November 14. Key to the collapse was in all probability the 'shear zone' it hit, first expert observations indicated. Debris observed at the tunnel collapse site shows the metamorphic phyllite rock in pulverised form, as per preliminary observations. This 'shear zone' was probably missed at the time of inspections before drilling began.

U.S. Representative Tom Emmer, currently serving as the GOP Majority Whip, has been a prominent figure in the debate over the regulation of digital assets. His legislative efforts have consistently focused on clarifying and limiting the regulatory scope of agencies like the Securities and Exchange Commission (SEC) in the digital asset space. Emmer's stance reflects a broader push within certain political circles to establish clearer legal frameworks for cryptocurrencies and related technologies, aiming to encourage innovation while providing investor protection.

Disaster Management Authority (NDMA) will come up with standard operating procedures (SOP) on tunnel rescue after discussing it with other stakeholders, officials said. The apex disaster management body is headed by Prime Minister Narendra Modi.

By Leigh Thomas

local SIM card can be substantial. PRO TIP: Using local SIM cards in unlocked phones can significantly reduce communication costs while traveling abroad. Not only does it save money, but it also provides a smoother communication experience, free from the worry of unexpected charges and network issues that often accompany roaming services.

Reliance Industries Ltd (RIL), has asked for the Reserve Bank of India’s (RBI) approval for conversion into a core investment company (CIC). Jio Financial on November 21 announced that it has submitted an application with the RBI for converting to a CIC from a non-banking financial company (NBFC) after a regulatory mandate.

Prime Minister Narendra Modi on Wednesday told the leaders of the Group 20 (G20) block of large economies they ought to work together for global regulation of artificial intelligence (AI).

Unsecured retail loans are likely to see slower growth of 20-30% compared to 45% last year, as non-banking financial companies (NBFCs) alter their strategies due to the recent regulatory measures issued by the Reserve Bank Of India, said Crisil Ratings. «The recent regulatory measures are targeted at unsecured retail loans and do not impact the secured asset classes where growth is expected to be steady», said Gurpreet Chhatwal, managing director at Crisil Ratings.

Brian Armstrong-led cryptocurrency exchange Coinbase has again called on the US justice system to persuade the Securities and Exchange Commission (SEC) to provide clear regulatory guidelines on crypto assets.

By Lisa Pauline Mattackal, Chris Prentice and Jonathan Stempel

Reuters quoted data firm Nansen as saying on 22 November. The deal, which will see Binance pay $4.3 billion to US authorities to settle the years-long illicit finance probe, has raised questions over the future of the world's largest crypto exchange. It also marks another blow for an industry beset by scandals.

The corporate regulator stands ready to wield a new rule-making power over the ASX, to ensure its second attempt to rebuild CHESS is pro-competition by allowing new entrants seeking to offer similar post-trading services to directly plug into the new clearing and settlement system.

Edelweiss Mutual Fund MD & CEO Radhika Gupta has once again reiterated her concerns regarding investments in cryptocurrency noting the risks associated with investing in a sector that isn't well-regulated while hoping that the examples of Binance and FTX will be a strong reminder for people. In a post on X, Radhika Gupta wrote, “For years, when asked about crypto, I have had a single answer - what is not well regulated is not investment worthy.

portfolio overlaps, largely negating the diversification intent. While it is not possible to eliminate overlaps completely, there are ways and means to reduce their likelihood and reach the diversification goal.