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Archive: 18 May 2022

Posts in 18 May 2022

NEFT/RTGS facility for POSB Account holders

May 18, 2022 906 Views 0 comment Print

It is to be clarified that NEFT and RTGS are separate products. The SOP circulated for Post Offices in Annexure II of the said order is for NEFT only. RTGS functionality is currently under testing and is expected to be rolled out by 31.05.2022.

IFSCA Framework for Aircraft Lease

May 18, 2022 2634 Views 0 comment Print

International Financial Services Centres Authority (IFSCA) has issued a circular outlining the framework for aircraft leasing in International Financial Services Centres (IFSCs). The circular, based on powers granted under the IFSCA Act, 2019, classifies aircraft leasing—including operating, financial, and hybrid leases—as financial products. It extends this classification to aircraft ground support equipment and aviation training […]

Kisan Credit Card Scheme – Eligibility criteria for farmers engaged in fisheries/aquaculture

May 18, 2022 690 Views 0 comment Print

The beneficiaries must own or lease any fisheries related assets such as ponds, tanks, open water bodies, raceways, hatcheries, rearing units, boats, nets and such other fishing gear as the case may be and possess necessary authorisation/certification as may be applicable in respective states for fish farming and fishing related activities and for any other state specific fisheries and allied activities.

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