The directions have been issued under Reserve Bank of India Act, 1934, Banking Regulation Act, 1949 and Credit Information Companies (Regulation) Act, 2005. The objective of direction is to provide for a non-discriminatory and transparent procedure for classifying a borrower as a wilful defaulter by the lenders. As of March 2023, 16,883 accounts involving total borrowing of Rs 3.5 lakh crore had been […]

Consultation paper seeks to introduce measures to enhance investor protection and promote market stability in derivative markets while ensuring sustained capital formation. Securities and Exchange Board of India (SEBI) has released a consultation paper aimed at enhancing investor protection and market stability in the derivatives market. The focus is on mitigating risks associated with speculative trading, particularly

A dividend equalization fund is a mutual fund that invests in stocks that pay regular dividends. This type of fund aims to provide investors with a consistent stream of income by investing in companies that have a history of paying dividends. The fund manager seeks to maintain a steady dividend payout to investors, regardless of

The Reserve Bank of India (RBI) has introduced a separate channel, namely ‘Fully Accessible Route’ (FAR), to enable non-residents to invest in specified government bonds with effect from April 1. Fully Accessible Route (FAR) The move follows the Union Budget announcement that certain specified categories of government bonds would be opened fully for non-resident investors

It is a committee of the United Nations Educational, Scientific, and Cultural Organization. The Committee is responsible for the implementation of the World Heritage Convention, defines the use of the World Heritage Fund, and allocates financial assistance upon requests from States Parties. It has the final say on whether a property is inscribed on the World Heritage List.  It examines reports

PAN unlinked with Aadhaar could get deactivated. This will result in higher taxation, penalties, and problems for the persons in financial transactions. The article presents advantages to the government and people through this linking exercise, sets out a step-by-step procedure for linking Aadhaar with PAN before the deadline of June 30, 2023, What is the

eDistrict UP is an online portal established by the government of Uttar Pradesh to provide civic services to state residents. Available in both Hindi and English, residents can apply for certificates or services, download required documents and track their applications in a few clicks. Services offered by eDistrict UP Land records: Residents can access land

The Central Board of Direct Taxes (CBDT) has issued a new set of guidelines on 25 November 2021 with respect to the provisions relating to newly inserted Sections on Tax Deduction at Source (TDS) and Tax Collected at Source (TCS). It may be noted that Section 194-O which is effective from 1 October 2020 mandates

The scheme aims to supplement the financial needs of all landholding farmers’ families by procuring various inputs to ensure proper crop health and appropriate yields, commensurate with the anticipated farm income as well as for domestic needs. Under the scheme an amount of ₹ 6000/- per year is released by the Central Government online directly

Employees Provident Fund is a retirement help plan for all salaried individuals. Employees Provident Fund Organization of India (EPFO) handles the fund, and every business with twenty or more employees must enrol with EPFO.  During the employment period, both the employee and the employer contribute 12 per cent of the basic salary of the employee