PFRDA has introduced NPS Sanchay as a simplified National Pension System variant aimed at expanding pension coverage for India’s informal workforce. The scheme reduces complexities in investment selection and asset allocation.
The Union Cabinet approved ECLGS 5.0 to provide guaranteed emergency credit support to MSMEs, non-MSMEs, and airlines facing liquidity stress due to the West Asia conflict. The scheme offers up to 100% guarantee coverage and aims to protect jobs and supply chains.
The RBI confirmed that nearly all ₹2000 banknotes have been returned since the 2023 withdrawal announcement. With only a small fraction remaining in circulation, the process is nearing completion. The update highlights the effectiveness of the phased withdrawal strategy.
The appellate authority found that the company complied with private placement provisions by safeguarding funds in a separate account. The ROC’s penalty order was set aside. The decision highlights evidentiary verification as key in adjudication proceedings.
The issue highlights delays caused by non-binding timelines in appellate proceedings. It proposes mandatory limits to ensure faster and fair disposal of tax appeals.
The issue highlights how organized crime operates across jurisdictions, requiring global collaboration. It emphasizes cooperation mechanisms like extradition and intelligence sharing to ensure effective enforcement.
The case involved submission of a forged diploma for obtaining and renewing a licence. The Authority held that continued reliance on a known fake document amounted to misrepresentation and cancelled the licence.
The RBI introduced amendments requiring urban cooperative banks to maintain banking services during calamities through temporary branches and mobile facilities. The directions ensure financial access and customer relief in emergency situations.
The RBI mandates a structured framework for resolving stressed loans caused by natural calamities with strict timelines. It ensures timely relief through standardized policies and borrower-centric measures.
The RBI requires banks to factor in potential disaster impacts while assessing borrower creditworthiness. This ensures more resilient and forward-looking lending practices.
