Banks are required to maintain an additional average daily balance not be lower than 10% of the increase in net demand and time liabilities from May19, 2023 to July 28, 2023.
States and UTs have been advised not to impose any other type of tax/fee from tourist cars operating throughout the country with a valid permit issued under the All-India Tourist cars(Permit) Rules, 2023.
The MORTH has issued Guidelines regarding grant of permission for construction of access to facilities vide circular no RW/NH- 33032/01/2017-S&R(R) dated 26.06.2020.
A secured creditor, to decide the remedy that they wish to adopt, and the borrower or guarantor has no say in the manner or mode in which recourse is opted to be taken by the secured creditor.
Calcutta HC held that the change in the nature of distributorship without obtaining prior approval from the IOC was a violation of the terms laid down in the LOI.
The Reserve Bank of India (RBI) has implemented a system of assigning business targets to banks, in line with the guidance from the finance ministry.
RBI has relaxed certain restrictions for NBFC-IDFs, levelling the playing field with other lenders in order to enhance core sector funding through infrastructure debt funds(IDFs).
Centre Plans to Launch New InvIT for National Highways, Allowing Domestic Retail Investors to hold trust units.
User fees totaling Rs 124.18 crore were collected during May 2021 due to the failure to implement the NH Fee Amendment Rules.
A total of 37 roads, spanning 1,200 km, have been planned to connect Ladakh and Arunachal Pradesh along the Line of Actual Control (LAC).
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