RBI vide circular dated December 4, 2020 has restricted all Commercial Banks and all Cooperative Banks from Declaring dividends for the financial year ended on March 2020. In view of the ongoing COVID-19 crisis, it is imperative that banks continue to conserve capital to support the economy and absorb losses.
Government Revokes Four BIS Quality Control Orders on Industrial Chemicals
The govt has revoked four BIS Quality Control Orders on key industrial chemicals, citing public interest after consultations with the Bureau of Indian Standards.
