Category: Economy Institutions
Credit Information Companies
RBI increases the frequency of reporting of credit information by lenders, including Banks and NBFCs, to CICs from monthly intervals to fortnightly basis or shorter intervals.
Quality Council of India (QCI)
Quality Council of India (QCI) introduces QCI Surajya Recognition & Ranking Framework.
Employment Based Incentive Scheme | EPFO
Finance Minister announced the implementation of 3 employment linked incentive schemes as part of the Budget 2024.
World Bank Group
World Bank Group Guarantee Platform (WBG GP) goes live for business
Primary Agricultural Credit Societies
Minister of Cooperation called for the establishment of PACS in all villages
Credit Rating Agencies
New SEBI Guidelines for Credit Rating Agencies (CRAs) issued under SEBI Act (1992) and Regulation 20 of CRA Regulations.
Bretton Woods Conference
Bretton Woods Conference celebrates its 80th Anniversary
Project Nexus
Reserve Bank of India (RBI) joins Project Nexus to enable instant cross-border retail payments.
National Financial Reporting Authority (NFRA)
National Financial Reporting Authority is planning to increase the number of audit firms it inspects annually.
Insolvency and Bankruptcy Board of India (IBBI)
IBBI issues new guidelines to streamline the process of appointing Insolvency Professionals (IPs) as resolution professionals.
Monetary Policy Committee
RBI Monetary Policy Committee (MPC) keeps the Repo rate unchanged
Asset Reconstruction Companies
RBI highlighted concerns over functioning of Asset Reconstruction Companies (ARCs)