18 June, 2020
10 Min Read
RBI to tighten rules for home finance firms
Housing finance company
A company is treated as an NBFC if its financial assets are more than 50% of its total assets and income from financial assets is more than 50% of the gross income.
The RBI defined ‘qualifying assets’ as loans to individuals or a group of individuals, including co-operative societies, for construction/purchase of new dwelling units, loans to individuals for renovation of existing dwelling units, lending to builders for construction of residential dwelling units.
Double financing (Construction companies and Individuals)
Ahom Burial Mounds in Assam The Charaideo Maidams in Assam has just been selected as a candidate for the UNESCO World Heritage Center by the Union Government. More on the news: From among the 52 locations across the nation seeking for the World Heritage Site tag, The Prime Minister chose Maidams mound burial site of Assam.
Issues faced by Women in Sports Brij Bhushan Sharan Singh, head of the WFI (Wrestling Federation of India), has recently been accused of sexual harassment by some athletes. If WFI does not respond to the Sports Ministry's request for an explanation within 72 hours, the Ministry will move to take action against the Federation
Prison Reforms During the annual police meeting in New Delhi, Prime Minister proposed prison reforms. What were the Prime Minister's Speech's Main Highlights? He made a point of highlighting the value of the National Data Governance Framework for facilitating smooth data interchange between agencies. Additionally, de
Trademark A case of trademark infringement brought by the international fast food chain Subway against Suberb, a restaurant in Delhi, was recently dismissed by the Delhi High Court. What is trademark? It is an image, term, or phrase that is used to represent a company. A trademark's owner may assert "exclusive rights"
Chargesheet is not a “Public Document”: SC Chargesheets are deemed to be private documents as declared by the Supreme Court bench. About the news: The Supreme Court ruled that the government is not required to post chargesheets on police or official websites in order to give the public unrestricted access to them. Acc
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