FSSAI warns against Misleading Ghee or Butter Products in the Market

The FSSAI has issued a notice warning that action must be taken against FBOs selling misleading ghee or butter products in the market. The FSSAI has reiterated that where a product is milk/ milk product/ composite milk product, an FBO cannot label it as a milk/ milk product/ composite milk product. The authority also emphasises that ghee/ butter cannot be claimed to be vegan foods and the use of vegan food claim and vegan logo are only permitted after the prior approval of FSSAI.

RBI publishes Discussion Paper on Securitisation of Stressed Assets Framework (SSAF)

The RBI has published a Discussion Paper on Securitisation of Stressed Assets Framework (SSAF). The discussion paper delineates the broad features of the proposed framework on securitisation of stressed assets (SSAF). Additionally, it solicits views/comments on critical issues of SSAF since securitisation of non-performing assets (NPAs) has features that distinguish it from the securitisation of standard assets. The paper also details 13 specific questions on which comments are solicited from the public. The last date to furnish these 28th February, 2023.

SEBI underlines the need for analysis and disclosure of risks of trading in F&O

The Securities and Exchange Board of India (SEBI) has issued a press release underlining the need for analysis and disclosure of risks of trading in the Futures and Options (F&O) segment. The press release pints out the SEBI has conducted an analysis of the trends in both participation and in profits and losses of individual traders in the equity F&O segment under the supervision of a working group.

RBI notifies ‘Fully Accessible Route’ for Investment by Non-residents in Government Securities – Inclusion of Sovereign Green Bonds

The Reserve Bank of India (RBI) has issued a notification regarding the ‘Fully Accessible Route’ (FAR) for Investment by Non-residents in Government Securities – Inclusion of Sovereign Green Bonds. It has now been decided to also designate all Sovereign Green Bonds (SGrbS) issued by the Government in the fiscal year 2022-23 as ‘specified securities’ under the FAR. The notification was issued on 23rd January, 2023 and come into immediate effect.