Ministry of coal to commence 8th round of auction of commercial coal mines

Ministry of coal makes efforts to stop importing of coal with the main focus on production of coal within the nation. The mines being auctioned are spread across coal bearing States of Jharkhand, Odisha, Maharashtra, West Bengal and Bihar. Sale of tender document shall start from November 15, 2023.. Details of the mines, auction terms, timelines etc. can be accessed on MSTC auction platform.

Application Window Reopened for New Medical Colleges

The National Medical Commission (NMC) has issued a public notice on the re-opening the application window for new medical colleges. This announcement is on account of recent deferments made in seat ratio allocation.

Participation of Medical Colleges in All-India CPR Awareness Program

The program aims to spread awareness and provide essential training in administering Cardio-Pulmonary Resuscitation (CPR) effectively. This NBEMS initiative is collaborative effort towards building a more informed and prepared community, emphasizing the importance of timely and effective CPR administration in saving lives.

MARB Guidelines for Academic Year 2024-2025

The guidelines seek to standardise the process by which new medical colleges can file applications for recognition. It also seeks to regulate applications for increase in UG and PG seats.

RBI Regulatory measures towards consumer credit and bank credit to NBFCs

The commercial banks and NBFCs shall review their extant sectoral exposure limits for consumer credit and put in place, if not already there, Board approved limits in respect of various sub-segments under consumer credit as may be considered necessary by the Boards as part of prudent risk management. In particular, limits shall be prescribed for all unsecured consumer credit exposures. The limits so fixed shall be strictly adhered to and monitored on an ongoing basis by the Risk Management Committee. All top-up loans extended by REs against movable assets which are inherently depreciating in nature, such as vehicles, shall be treated as unsecured loans for credit appraisal, prudential limits and exposure purposes.

Guidelines for support in the mining and mineral sector

The Ministry of Mines has issued GUIDELINES FOR SUPPORT TO MINING RESEARCH to plan, support and coordinate mining, mineral and metal based research in public interest for enhancing the understanding of the mines and geology, and devising strategies and solutions for conservation and mining protection and management.

IFSCA FAQ on Registration of a Fund Management Entity (FME) and Authorization of a Scheme or Fund under IFSCA (Fund Management) Regulations, 2022

The financial documents required for the FME application include the previous three years’ consolidated/standalone audited financial statements. For newly incorporated entities, Income Tax Returns (ITRs) and acknowledgments can be submitted. The Net Worth Certificate, a crucial component, must not be older than six months and should meet the requirements specified by IFSCA.

IFSCA Framework for Aircraft Lease

IFSCA framework for entities to get registered under Finance Company Regulations as a ‘Finance Company’ or a ‘Finance Unit’ for undertaking aircraft lease transactions.