Right to Information Act 2005: Obligations of Public Authorities
A “public authority” is any authority body or institution of self-government established or constituted by or under the Constitution; or by any other law made by the Parliament or a State Legislature; or by notification issued or order made by the Central Government or a State Government. The bodies owned, controlled, or substantially financed by…
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NPS Vatsalya Scheme: Know eligibility, investment choices etc.
On Tuesday, Union Finance Minister Nirmala Sitharaman officially launched the much anticipated NPS Vatsalya scheme, an online new pension scheme platform. The scheme is designed to help parents save for their children’s future through a pension account, leveraging the benefits of long-term wealth accumulation and compounding. This scheme has an option to convert the account…
Read article Right to Information Act 2005 definitions and applicability
The Right to Information (RTI) Act, 2005 is An Act to provide for setting out the practical regime of right to information for citizens to secure access to information under the control of public authorities, in order to promote transparency and accountability in the working of every public authority, the constitution of a Central Information…
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ATM Operations:Security Issues and Risk Mitigation Measures
As per RBI directions, Automated Teller Machine (ATM) operations should be carried out only by certified personnel who have completed minimum hours of classroom learning and training. The content of such training may be certified by a Self-Regulatory Organisation (SRO) of Cash-in-Transit (CIT) Companies / Cash Replenishment Agencies (CRAs) who may tie up with agencies…
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Permissible Modes of Acquiring Property outside India by a Resident
Updated as per RBI circular dated April 6, 2023 The Foreign Exchange Management (Overseas Investment, or OI) Rules, notified by the Reserve Bank of India (RBI) on 22 August 2022, supersedes the erstwhile provisions governing the acquisition of immovable property overseas by a resident individual. According to section 6(4) of the FEMA, a person resident…
Foreign Contribution (Regulation) Act 2010 and Amendment Act 2020 of FCRA
CRA 2010 is an Act to consolidate the law to regulate the acceptance and utilisation of foreign contributions or foreign hospitality by certain individuals or associations or companies and prohibit acceptance and utilisation of foreign contributions or foreign hospitality for any activities determinantal to the national interest and matters connected therewith or incidental thereto. This…
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