Mint Road’s refined currency management system has led to a marked fall in its holding pens. The number of currency chests (CCs) in the country stands at 2,838 in FY23 from 3,812 in FY19 while that of coin depots is at 2,293 (3,519). This follows the Reserve Bank of India (RBI) revamping its… Continue reading How the RBI is minting a new nationwide currency logistics framework | Finance News
Tag: framework
Lok Sabha passes bill to provide legal framework to reduce court burden
The Lok Sabha on Monday passed a bill that seeks to provide legal framework to mediation and reduce burden on courts. Introducing the Mediation Bill, 2021, in the Lower House, Law Minister Arjun Ram Meghwal said it provides “legal backbone” to mediation. The Rajya Sabha has already passed the bill on August… Continue reading Lok Sabha passes bill to provide legal framework to reduce court burden
Sebi provides clarity on online resolution of disputes framework
After exhausting these options for resolution of the grievance, if the investor is still not satisfied with the outcome, he/she can initiate dispute resolution through the Online Dispute Resolution (ODR) portal, Sebi said in a circular. Capital markets regulator Sebi on Friday provided more clarity on the framework concerning online resolution of disputes in… Continue reading Sebi provides clarity on online resolution of disputes framework
Improve CASA ratio, leverage account aggregator framework: FM to RRBs
Finance Minister Nirmala Sitharaman Finance Minister Nirmala Sitharaman on Friday urged regional rural banks (RRBs) to bolster their current and savings account (Casa) ratio and persist with their focus on key central government schemes, such as PM SVANidhi, Atal Pension Yojana, PM Jan Dhan Yojana, PM Mudra Yojana, among others. Chairing a review meeting… Continue reading Improve CASA ratio, leverage account aggregator framework: FM to RRBs
Sebi floats consultation paper to improve Account Aggregator framework
This is aimed at improving the safeguards within the Account Aggregator or AA framework to curb misuse of the financial information in frauds and mis-selling. Sebi on Tuesday came out with a proposal on collating and defining use cases of Financial Information Users (FIUs) in the Account Aggregator framework in securities markets. This… Continue reading Sebi floats consultation paper to improve Account Aggregator framework
Risk-based framework
Groundwork needed before AI regulation Source link