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Financial Action Task Force (FATF)

Financial Action Task Force (FATF): The Financial Action Task Force (FATF) decided to retain Pakistan on “increased monitoring list’. “Increased monitoring list” is another name for the Grey List. The FATF had issued the 27-point action plan after placing Pakistan on the ‘Grey List’ in June 2018. The action plan pertains to curbing money laundering […]

The World Drug Report 2021: UNODC

The World Drug Report 2021: UNODC: The United Nations Office on Drugs and Crime (UNODC), in its World Drug Report 2021, has highlighted that the lockdown restrictions during Covid-19 have accelerated drug trafficking using the Internet. By drugs, the Report refers to substances controlled under international drug control conventions, and their non-medical use. Data Analysis: […]

Maritime State Development Council (MSDC)

Maritime State Development Council (MSDC): Union Minister of State (I/C) for Port, Shipping and Waterways Shri Mansukh Mandaviya chaired the 18th meeting of the Maritime State Development Council (MSDC) today through a video conference organized by the Ministry of Ports, Shipping and Waterways. MSDC is an apex advisory body for the development of the Maritime […]

Employee’s Compensation – Code On Social Security, 2020

Employee’s Compensation Under The Code On Social Security, 2020: Ministry of Labour and Employment has notified the draft rules relating to Employee’s Compensation under the Code on Social Security, 2020 for suggestions. The Code on Social Security, 2020 amends and consolidates the laws relating to social security to extend social security to employees and workers […]

Regulation Of Microfinance: RBI

Regulation Of Microfinance: RBI: Reserve Bank of India has released a Consultative Document on Regulation of Microfinance. It has been released for harmonising the regulatory frameworks for various regulated lenders in the microfinance space. The key proposals of the Consultative Document are enumerated below: A common definition of microfinance loans for all regulated entities. Capping […]