According to this, Housing Finance Companies, to have at least 60% of their net assets deployed for providing finance for housing by March 31, 2024. HFCs unable to fulfil the criteria as per the timeline to be treated as NBFC –Investment & Credit Companies
Home financiers will now be regulated as a category of NBFCs.
RBI released norms to make QR codes interoperable to aid electronic payments. Firms which use more than one QR code must shift to one or more interoperable QR codes by 31 March 2022. This will allow use of one QR code through which all payments can be made
Norms based on the recommendation of Deepak Pathak committee.
SEBI came out with a framework for creation of a Recovery Expense Fund by an issuer company proposing to list debt securities. Creation of such a fund will enable a debenture trustee to take prompt action for enforcement of security in case of a default.
The new directions will come into force from January 1.
Indian Navy operationalized its 1st batch of women pilots on Dornier Aircraft by SNC. Lt. Divya Sharma, Lt. Shubhangi Swaroop & Lt. Shivangi are the three women pilots of the first batch. They graduated as Fully operational Maritime Reconnaissance Pilots.
Southern Naval Command (SNC) is headquartered in Kochi.
Farmers in the state will be able to avail power supply from 5 am to 9 pm (total of 16 hours) under the Kisan Suryodaya Yojana every day. A budget of Rs 3,500 crore has been allocated for installing transmission infrastructure under this scheme by 2023.
234 ‘66 kW’ transmission lines to be established under this.
PM e-dedicated India’s biggest cardiac hospital at U.N. Mehta Institute of Cardiology & Research Centre & launched a mobile application for telecardiology at Civil Hospital campus in Ahmedabad. He also launched the world's longest temple ropeway project.
Grinar ropeway is of 2.3km length & 900 m height.
Lt. Gen Nanda Kishore Sahoo appointed as DG, Dental Services and Colonel Commandant of Army Dental Corps. He is an internationally acclaimed author, teacher and winner of KS Master silver medal. He is a recipient of 5 Commendations and Presidential Award.
He was also awarded the Vishisht Seva Medal.
Essar Oil UK Ltd, the firm that owns the Stanlow refinery in the UK appointed Stein Ivar Bye as its new CEO. Stanlow produces 16 per cent of the UK's road transport fuels and the refinery processes 10 million tonnes of crude and feedstocks annually.
Essar Energy is headquartered in Port Louis, Mauritius.
After 35 years, India assumed the Chairmanship of the Governing Body of ILO. Labour Secretary Apurva Chandra has been elected as the Chairperson of the Governing Body of the ILO for the period October 2020-June 2021, a position of international repute.
ILO HQ: Geneva, Switzerland.
Head: Guy Ryder.
ILO has 187 member
Mastercard partnered with Atlantis, a fin tech co. headquartered in Singapore, to provide users with a technology solution that will enable them to enjoy a best-in-class digital banking experience. It will offer users an end to end digital payments product
Mastercard CEO: Ajaypal Singh Banga.
HQ: New York, USA.
Prof. Surjya K Pal of IIT Kharagpur developed novel Industry 4.0 technology for remotely controlled factory operations & real-time quality correction during industrial production, jointly with TCS to set a new trend in India’s advanced manufacturing sector
TCS CEO: Rajesh Gopinathan.
HQ: Mumbai.
India Meteorological Department (IMD) has launched a dedicated Flash Flood Guidance services that will help warn about flash floods in advance. It is the first of its kind in South Asian countries shared by India, Bangladesh, Sri Lanka, Nepal & Bhutan.
It warns threats 6 hours in advance & risks 24 hours in advance