Nationalized Banks (Management and Miscellaneous Provisions) Amendment Scheme

The amended scheme provides that a whole-time Director, including the Managing Director, shall devote his whole time to the affairs of the nationalized bank and shall hold office for such initial term not exceeding five years and extendable up to a total period, including the initial term, not exceeding ten years, as the Central Government may, after consultation with the Reserve Bank, specify and shall be eligible for re-appointment.

TRAI regulatory framework for promoting the data economy

The Telecom Regulatory Authority of India (TRAI) on November 18, 2022, released recommendations on the regulatory framework for promoting the data economy through the establishment of data centers, content delivery networks, and interconnect exchanges in India.

The Dried Figs Grading and Marking (Draft) Rules, 2022.

The graded material of small pack sizes of the same lot or batch and grade may be packed in a master container with complete details thereon along with the Grade Designation Mark. Each package shall contain Dried Figs of the same type and of the same grade designation.

MCA releases BE(A)WARE booklet listing the common modus of financial fraudsters.

The booklet is intended to create awareness among the members of public about the modus operandi adopted by fraudsters to defraud and mislead them, while also informing them about the precautions to be taken while carrying out financial transactions. It emphasizes the need for keeping one’s personal information, particularly the financial information, confidential at all times, be-ware of unknown calls / emails / messages, practicing due diligence while performing financial transactions and changing the secure credentials / passwords from time to time.