INFORM: Infrastructure, Projects & Finance – January 2024

The highlights of the current issue are:

Notifications/circulars:

• Review of National Development Banks: Basel III Framework on Liquidity Standards – Net Stable Funding Ratio (NSFR)
• Extension of Timeline for Implementation of Instructions on Fair Lending Practice – Penal Charges in Loan Accounts
• Reporting in Form ‘A’ Return: Reverse Repo Transactions
• Exemption for Transfer of Receivables under MHP
• New Policy Guidelines for Inert Material Use in National Highway Construction
• Workmen in Highway Construction Sector: Focus on Skill Development

Case laws:

• Court Not to Re-examine Contract Under Section 34 of the Arbitration Act Unless Patent Illegality
• Termination of Letter of Acceptance Without Providing Party with Sufficient Hearing may be Deemed Invalid
• Arbitration Clauses in Unstamped Agreements are Valid and Enforceable

Quick Reads:

• TOT Bundles Awarded by NHAI for Rs 9,384 crore
• RBI Allows Lending and Borrowing in Government Securities