Ministry of Finance

Issue of commemorative Coin Rs. 150 (January 19, 2022)
In exercise of the powers conferred by clauses (d) and (e) of sub-section (2) of section 24 of the Coinage Act, 2011, the Central Government notified the Coinage (Issue of Commemorative Coin on the occasion of 150TH BIRTH ANNIVERSARY OF KAVI MUDDANA) Rules, 2022.
According to the notification the coin of One Hundred Fifty Rupees denomination shall only be coined at the Mint for issue under the authority of the Central Government on the occasion of “150TH BIRTH ANNIVERSARY OF KAVI MUDDANA”.

Banking and Insurance
RBI issues regulations under the amended Factoring Regulation Act, 2011(January 20, 2022)
Government of India has recently amended the Factoring Regulation Act, 2011 (“the Act”) which widens the scope of companies that can undertake factoring business. The Act permits Trade Receivables Discounting System (TReDS) to file the particulars of assignment of receivables transactions with the Central Registry on behalf of the Factors for operational efficiency. Further, the Act empowers the Reserve Bank of India to make regulations prescribing the manner of grant of certificate of registration and for prescribing the manner of filing of assignment of receivables transactions by TReDS on behalf of the Factors.
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