IFSCA signs MoU with BSEC

he scope of this MoU includes promoting the development of financial products, financial services and financial institutions in their respective jurisdictions, sharing of best practices and exchanging information about application of technologies, innovations, fintech and regtech in the financial markets.

“EPFO Eases Claim Procedures: No More Mandatory Document Uploads”

In a bid to expedite claim settlements and minimize rejections stemming from incomplete documentation, a significant update has been introduced by the Employees’ Provident Fund Organization (EPFO). Henceforth, certain eligible cases will no longer mandate the uploading of check leaf images or attested bank passbooks during online claim submissions.

“Record High Distribution: EPFO Recommends 8.25% Interest Rate for FY2023-24”

The Central Board of Trustees (CBT) of the Employees’ Provident Fund Organization (EPFO) has proposed an 8.25% annual interest rate for the financial year 2023–24. The recommendation came during the 235th meeting of the Board held on February 10, 2024, in Delhi, chaired by the Union Minister for Labour and Employment and Environment, Forestry, and Climate Change.

Clarifications Issued on Battery Recycling and Labeling Requirements

The requirement for “minimum use of domestically recycled materials” in battery manufacturing applies to any type of material obtained from recycling waste products within India. For imported batteries or battery packs, the Extended Producer Responsibility (EPR) registration number can be displayed on either the equipment containing the battery or the packaging of the equipment containing the battery.

Extended Deadline for Battery Recycling Compliance and Reporting

Batteries covered under the 21 products listed in Schedule I of the old E-Waste (Management) Rules, 2016, will follow the compliance timelines set under those rules for FY 2022-23. Compliance targets for all other batteries placed on the market in FY 2022-23 will be June 30, 2024.

Conduct Of MDS Final Year Exams Delayed Due to Pandemic

DCI emphasizes that the MDS program requires three full academic years of training. All universities offering MDS programs are instructed to adhere to the three-year timeframe. Final year exams cannot be conducted before the completion of the entire course duration.