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Updates For the Day: October 30, 2023

RBI guidelines concerning the process of changing the names of co-operative banks

Guidelines mandates that after obtaining the NOC from the relevant RBI office, cooperative banks must...

Draft Master Direction on Managing Risks and Code of Conduct in Outsourcing of Financial Services

Comments / Feedback, if any, may be sent by email with the subject line “Comments...

Credit Information Companies (CICs) and Credit Institutions (CIs) to implement a compensation framework

The compensation framework will come into effect six months from the date of this circular....

Companies (Prospectus and Allotment of Securities) Second Amendment Rules, 2023

These new rules come into force upon their publication in the Official Gazette, signaling the...

Additional directions regarding issuance of Customer Information Sheet (CIS) by insurance companies

Insurers, intermediaries and agents shall forward the Customer Information Sheet to all policyholders and acknowledgement,...

Customer Information Sheet template for insurance companies

CIS highlights the obligations of policyholders to make transparent and fair disclosures of relevant material...

Amendment of Arbitration Clause in General Insurance policies

All policies issued under the Commercial Lines of Business shall have an Arbitration Clause. All...

Ministries of Coal and New & Renewable Energy Join Forces to Boost Green Energy Initiatives

Under this cooperative framework, the MNRE will extend its support by providing technical expertise, policy...

Celebrating 60 Years of Codex Alimentarius: FSSAI and FICCI Organize Seminar

The seminar consisted of two panel discussions on the future of Codex and the imperative...

FSSAI publishes Updated List of Recognised Food Testing Laboratories

The present list includes the validity of the laboratories’ NABL accreditation, scope of testing as...

Applications for PAC in Vaccine Clinical Trials Now Online

The Central Drugs Standard Control Organisation (CDSCO) has issued a circular on the launch of...

Prohibition of Strike of Essential Services in Tirupati

The Government has prohibited the strikes in all the said essential services under the control...