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The Reserve Bank of India (RBI) has deferred the implementation of norms regarding penal charges levied by banks and financial institutions to April 1, 2024, for new loans. According to the norms, a penalty, if charged for non-compliance with the material terms and conditions of the loan contract by the borrower, should be categorized as ‘penal charges’. These charges shall not be levied in the form of ‘penal interest’ added to the interest rate on advances. Furthermore, no additional interest should be computed on such charges.
Which of the following is not included in the definition of "Factory" under the Factories Act, 1948?
Which of the following statements is/are correct?
I. Jainism rose in popularity due to its simple doctrines and the use of a language understood ...
Which of the following is not an advantage of accounting standards?
X scored 40% marks in an exam whereas Y scored 320 marks in the same exam. If the score of Y is 160 marks more than that of X, then find the maximum mar...
Which statements regarding the Dam Rehabilitation and Improvement Project (DRIP) are correct?
1. One of its aims is to generate incidental rev...
Which of the following has become the new owner of HDFC Asset Management Company?
In which scenario can the provisions of EPF & Misc Act 1952 be applied to an establishment employing fewer than twenty persons?
‘Escape clause’ refers to the situation under which the central government can flexibly follow fiscal deficit targets during special circumstances. ...
In bacteria, which of the following mechanisms primarily contributes to genetic variation?
In a square, lengths of the diagonals are (4k + 6) cm and (7k − 3) cm. The area of the square (in cm²) is: