Nationalized Banks (Management and Miscellaneous Provisions) Amendment Scheme

The amended scheme provides that a whole-time Director, including the Managing Director, shall devote his whole time to the affairs of the nationalized bank and shall hold office for such initial term not exceeding five years and extendable up to a total period, including the initial term, not exceeding ten years, as the Central Government may, after consultation with the Reserve Bank, specify and shall be eligible for re-appointment.

TRAI regulatory framework for promoting the data economy

The Telecom Regulatory Authority of India (TRAI) on November 18, 2022, released recommendations on the regulatory framework for promoting the data economy through the establishment of data centers, content delivery networks, and interconnect exchanges in India.