INFORM: Infrastructure, Projects & Finance – August 2024

The highlights of the current issues are:

Case laws:

• Supreme Court Upholds Sanctity of Public Tenders: A Landmark Judgment on Arbitrary Cancellations.
• Due Process Termination by Awardee Blocks Subsequent Novation
• Developer to Refund and Pay Agreed Interest for Delayed Possession

Notifications/circulars:

• RBI Lifts Remittance Limits on Online Form A2 Submissions
• Draft Guidelines Issued on Enhancements to Basel III Liquidity Standards
• Lending Guidelines for Urban Co-operative Banks Against Shares and Debentures Revised
• RBI Introduces Prompt Corrective Action Framework for Urban Co-operative Banks
• Guidelines Issued on Treatment of Dividend Equalisation Fund for UCBs
• Brickwork’s Ratings Allowed Under Certain Conditions
• RBI Issues New Guidelines for Handling Wilful and Large Defaulters
• Union Budget 2024: Emphasis on Growth, Infrastructure, and Inclusive Development