Guidelines Financial News

Asandas and Sons has moved the Delhi High Court against the government in a dispute pertaining to the Rs 10,900-crore production-linked incentives (PLI) scheme for food processing industries, people in the know said. Asandas and Sons, which manufactures and exports products like French fries and potato wedges under HyFun brand, has alleged that the government arbitrarily amended the terms of the scheme without prior consultation. This, after companies had already submitted their applications. Further, the company said the government has not allowed it to change the terms of its own application despite a change in the nature of the scheme.

MUMBAI : The Reserve Bank of India on Wednesday constituted an external working group on expected credit loss (ECL) based framework for provisioning by banks. This move comes after RBI released a discussion paper in January this year on shifting from the incurred-loss approach to the ECL model, a transition aimed at making the banking system more resilient.

Fair-share fee payment by large over-the-top players to telecom operators will enhance consumer experience with better quality networks without violating net neutrality principles, industry body COAI said on Wednesday. The Cellular Operators Association of India (COAI), which represents telecom operators like Reliance Jio, Bharti Airtel etc, said that it is a misguided view that fair share charge on large traffic generating (LTG) OTTs will violate net neutrality principles.

After four major U.S. airlines found unapproved aircraft parts from a UK-based vendor in their planes, WestJet says one of their aircraft was also affected.

renewable energy capacities that are auctioned through designated agencies, which will help make the electricity tariff uniform for power distribution companies. The plan is to create separate pools for solar, wind, hybrid, and other projects based on the technologies for around five years, people aware of the development told ET. A weighted average of the tariffs from the capacities in the pool will be determined, which could be revised monthly, they said.

India Edtech Consortium (IEC), an edtech-focussed lobby group under the Internet and Mobile Association of India (IAMAI). Physicswallah cofounder Prateek Maheshwari has replaced Kumar, who stepped down as co-chair of the edtech body early September, according to an emailed announcement sent to some other members of the forum.

By Rakesh Ravuri

Nobel Peace Prize, a subject that has generated considerable discussion and conjecture over time. Also Read: Gandhi Jayanti 2023 LIVE Updates: ‘Mahatma practised complete transparency,’ says Jairam Ramesh The exclusion of Mahatma Gandhi from receiving the Nobel Peace Prize is a result of intricate and diverse factors. One of the main challenges was that Gandhi did not conform to the conventional criteria established by the Nobel Committee for potential awardees.

Sikh leaders at a Glasgow gurdwara. This incident comes on the heels of a slow ramping up of activities targeting Indian missions and officials abroad, particularly in Canada, Britain and the US.

Also Read: IAF air show today: Know location, timing, traffic advisory, other details here Earlier, Central Air Command (CAC) had shared a glimpse of SU 30s in a Trishul Manoeuvre in an air display practice. Also, the Suryakirans over Bhojtal Lake, Bhopal.

₹46.94 trillion. Within this, debt schemes account for just under a fifth of the industry's entire asset pool. This segment is primarily driven by institutional investors such as banks, who significantly invest in liquid, money market, and debt schemes, highlighting them as seasoned investors.

an article that raised concerns about the risk management practices in the peer-to-peer (P2P) lending space in India. This is why I am compelled to remove all doubts about the robustness of the P2P lending space in India. Here are the reasons that makes the Indian P2P lending space unique and relatively safe for investors.

iPhone models, some iPhone 15 and iPhone 15 Pro users have raised concerns about their devices getting excessively hot while charging or during phone calls and FaceTime sessions. The reported temperatures, reaching around 42°C/107°F, have left users worried about their safety. It's essential to understand that these temperatures fall within a generally safe range, as per the standards set by ASTM C1055, which assesses the risk of burn injuries from heated surfaces.

fact check unit proposed to be set up by the government will focus on patently false government-related content, and that its role is only to flag and present views on misinformation, leaving the final call to (take down content to) intermediaries. There will also be a provision of internal redressal mechanism in place and the courts can step in if issues remain unresolved, the government said in its submission.

Gary Lineker, the BBC has released updated social media guidelines for its presenters, including a clear stance against endorsing or attacking political parties.

Ganesh Chaturthi celebrations on Anant Chaturdashi, the Mumbai Traffic Police have issued a set of guidelines aimed at ensuring a smooth and safe procession. In a bid to maintain order and safety, the Mumbai traffic authorities have placed certain restrictions on the use of 13 «old and dangerous» road over-bridges (ROBs) and announced road closures. On this auspicious day, devotees are urged to refrain from dancing and using loudspeakers while taking Ganpati idols for immersion at designated ROBs.

RBI has changed the public holiday under Negotiable Instrument Act, settlement of financial market transactions on September 29, 2023 from September 28, 2023. The RBI bank holiday list now shows September 29 as bank holiday instead of September 28, 2023. Also read: September Bank holiday 2023: Banks to remain closed for 16 days across various states, check full list here According to the RBI notification, “To ensure smooth functioning of the financial markets and non-disruptive settlement of transactions especially in view of the quarter / half year end, it has been decided, in public interest, to keep the Government securities market, foreign exchange market, money market and rupee interest rate derivatives market operational on September 29, 2023 in addition to being operational on September 28, 2023.” The RBI also stated, “The settlement of secondary market transactions in Government securities, foreign exchange market, money market and rupee interest rate derivatives market which were due on September 29, 2023 will continue to be on the same day i.e., September 29, 2023.” Banks closed on September 28 Banks are closed in Gujarat, Mizoram, Karnataka, Tanil Nadu, Uttara Khand, Telangana, Manipur, Uttara Pradesh, New Delhi, Chhattisgarh, Jharkhand. Banks closed on 29 Banks are closed in Sikkim, Jammu and Srinagar on the occasion of Indrajatra, Friday following Eid-i-Milad-ul-Nabi and Eid-E-Milad. Also read: Bank holidays in October 2023: Banks will be closed for up to 18 days in October; check state-wise bank holiday list Are banks closed on Saturday 30th Banks are not closed on September 30th as it is the fifth Saturday which is a working Saturday, according to the RBI guidelines.

Ghaziabad Municipal Corporation (GMC) has given the green light to an updated pet dog policy, addressing issues related to dog-human conflicts. This decision came during a board meeting in Ghaziabad. The newly introduced guidelines under this policy can be summarized as follows: Limit on Pet Dogs: Residents living in a 182-square-meter private unit are now allowed to have a maximum of two pet dogs.

Manipur's ongoing ethnic conflict as "communal violence", ET has learnt. Although the Centre had underlined in its statements that this is an 'ethnic' conflict and not a 'communal' one, procedural requirements have made it necessary to categorise it so, as this is the only nomenclature that could be found applicable. Around 64 next of kin in the state have been given compensation by the Centre as victims of 'communal violence', as per governmental data. «We do not see the Manipur violence as religion-specific in nature.

NEW DELHI : Markets regulator the Securities and Exchange Board of India (Sebi) on Wednesday imposed a fine of ₹5 lakh on brokerage Yes Securities for irregularities pertaining to settlement of client funds, shortage in collection of margin and for not adhering to leverage and exposure limits. Sebi along with the stock exchanges, inspected the accounts of Yes Securities in 2022 during which the regulator discovered several discrepancies in reporting.

operate beach shacks for three tourist seasons – stretching roughly from September 1 to May 31 each year. By June 10, the temporary structures would have to be mandatorily destroyed. The licences would be issued only to unemployed persons holding Goan domicile.