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RBI launches Ombudsman scheme for NBFCs

In order to strengthen the redressal mechanism, the Reserve Bank of India (RBI) launched the Ombudsman Scheme for non-banking financial companies (NBSFCs).

posted by Jawwad Kazi 24th Feb 2018

Indo-German MOU on technical cooperation under Sustainable Urban Development programme & Smart Cities in India

An Indo-German MOU has been signed for an “Implementation Agreement in Sustainable Urban Development and Smart Cities in India”

posted by Jawwad Kazi 24th Feb 2018

TAPI gas pipeline project breaks ground at Turkmenistan’s border with Afghanistan

Turkmenistan, Afghanistan, Pakistan and India (TAPI) ceremonially broke ground on the Afghan section of an ambitious, multi-billion dollar gas pipeline, expected to help ease energy deficits in South Asia.

posted by Jawwad Kazi 24th Feb 2018

Pakistan added to FATF grey list

The Financial Action Task Force (FATF) Plenary on February 23 decided to put Pakistan back on the “grey list,” subjecting it to direct monitoring and intense scrutiny by the International Co-operation Review Group (ICRG) on terror financing, pending further review in June.

posted by Jawwad Kazi 24th Feb 2018

Cannot annul marriage between adults: SC

Courts cannot annul marriages between two consenting adults or resort to a “roving enquiry” on whether the married relationship between a man and a woman is based on consent, the Supreme Court.

posted by Jawwad Kazi 23rd Feb 2018