Guided by Prime Minister Shri Narendra Modi’s vision of ‘Sahkar se Samriddhi’ and under the leadership of Union Home Minister and Minister of Cooperation Shri Amit Shah, the Ministry of Cooperation continue to promote a transparent, accountable, financially sound and professionally governed cooperative sector. In furtherance of the same, Ministry of Cooperation has mandated the Multi-State Co-operative Societies (Auditor’s Report) Order, 2026 (MSCARO, 2026), aimed at strengthening transparency, accountability,…
The Ministry of Education has taken cognizance of the unfortunate death of a student at the Indian Institute of Information Technology (IIIT), Ranchi campus. In order to examine the circumstances and related issues in detail, a three-member committee headed and chaired by Prof. Rajni Abbi, Director, South Campus, University of Delhi, along with a senior psychiatrist and a senior officer from the Ministry of Education, as Members has been constituted. Indian Institute of Information Technology (IIIT), Ranchi is a…
Earlier today, during the march of certain political parties towards the Election Commission, it was learnt through the media that some Members of Parliament wished to meet the Commission along with their delegation. With regard to today's developments, it is clarified that, till 4.00 PM today, no political party, through its representatives, had sought an appointment for a meeting with the Election Commission. Thereafter, at around 4.00 PM, information was received from Delhi Police that a delegation of MPs, led…
The Directorate General of Civil Aviation (DGCA) has promulgated a new Civil Aviation Requirement (CAR), Section 7, Series B, Part XXI, titled “Ground and Flying Training Syllabus for Issue of Pilot Licence for Gyroplanes.” The CAR prescribes the ground and flying training syllabus for candidates seeking a DGCA pilot licence in the gyroplane category. Gyroplanes are a unique category of aircraft that use a freely rotating rotor system to generate lift, while forward thrust is provided by a propeller. Their…
MCA has issued an advisory to the common public about ‘Nidhi Companies’ and their functioning, warning against investment decisions without their proper background check, especially if there is a promise of high returns. During examination of NDH-4 applications by MCA, it was noticed that many ‘Nidhi’ Companies are not complying with the applicable provisions of the Act and rules made thereunder in toto. It has also been observed that many of the companies functioning as Nidhi company have not submitted their…
The Reserve Bank of India (RBI) has created a Supervisory Data Quality Index (sDQI) that measures data quality in terms of the Accuracy, Timeliness, Completeness and Consistency in the submission of returns. The objective of sDQI is to assess the adherence to the principles enunciated in the Reserve Bank of India (Commercial Banks – Supervisory Returns) Directions, 2026 and Reserve Bank of India (Small Finance Banks - Supervisory Returns) Directions, 2026. The sDQI score of Scheduled Commercial Banks (SCBs) has…
The Reserve Bank of India had issued Draft Guidelines on Minimum Capital Requirements for Market Risk – under Basel III on February 17, 2023, seeking stakeholder feedback. The draft guidelines proposed adoption of the Simplified Standardised Approach (SSA) for computing capital requirement for market risk under the revised Basel III framework. 2. Feedback received on the draft guidelines has been examined and consequent modifications have been suitably incorporated in the final Directions. Statement on the…