Cic

RBI shortens frequency of bank reports to credit information companies

Borrowers will have the benefit of faster updation of information, especially when they have repaid the loans

Violation of law: CIC pulls up EC for not replying to RTI query on EVMs

The Central Information Commission (CIC) has expressed "severe displeasure" over the Election Commission (EC) not furnishing a reply to an RTI plea that had asked the poll panel about the action taken on a "representation" given to it by eminent citizens, raising questions on the credibility of EVMs and VVPAT machines during elections. Terming it a "gross violation" of the law, the CIC has also directed the EC to submit a written explanation. Former Indian Administrative Service (IAS) officer M G Devasahayam, who was one of the signatories to the representation on the credibility of electronic voting machines (EVMs), voter-verifiable paper audit trail (VVPAT) and the vote-counting process, had filed an application with the poll panel under the Right to Information (RTI) Act, seeking details of the action taken on it. The representation was sent to the EC on May 2, 2022. Through the RTI application filed on November 22, 2022, Devasahayam wanted to know about the persons and public .

NYSE-listed Belden invests Rs 100 crore in innovation hub in Bengaluru

The Bengaluru centre holds significance as this is the first such centre in India, following the successful launch of CICs in Stuttgart, Germany; Santa Clara, California; Shanghai, China; and Chicago

Jio Financial Services seeks RBI approval to convert as CIC from NBFC

According to the central bank, a CIC is a company whose assets are broadly invested in their group companies either in the form of equity, preference shares, convertible bonds or loans

Heeralal Samariya sworn in as CIC, becomes first Dalit to hold post

The jurisdiction of the Commission extends over all Central Public Authorities

Lenders and CIC to pay Rs 100 per day for record update delay: RBI

The compensation provided to the complainant will be apportioned among the concerned lender and CIC proportionately

Public sector enterprises must ensure transparency, accountability: CIC

Atul Sobti, director general of SCOPE, said that RTI is a citizen-centric act facilitating transparency, ethics, accountability, and empowering citizens

RBI simplifies CIC application form, prunes list of documents required

But it reserves the right to call for any further documentation beyond the mandated 18

Delhi HC stays CIC order asking CBDT to give info on Ram Janmabhoomi Trust

The Delhi High Court has stayed an order of the Chief Information Commission directing the Central Board of Direct Taxes to provide information relating to Shri Ram Janmabhoomi Teerth Kshetra Trust

Over 22,000 second appeals, complaints pending with CIC: Govt tells RS

Over 22,000 second appeals and complaints were pending with the Central Information Commission as on December 5, 2022, the Rajya Sabha was informed on Thursday. The CIC is mandated to deal with second appeals and complaints filed by RTI applicants in case they are aggrieved with the responses provided to them by government departments. Of the total pendency of 22,442, 19,178 were second appeals and 3,264 complaints, Union Minister of State for Personnel Jitendra Singh said in reply to a written question. To a question on whether the government was aware of cases where personal information of some RTI applicants have been made public, the minister said the Centre has from time to time issued guidelines or office memorandums "bringing to notice of all ministries/departments of government of India that personal information of an RTI applicant should not be disclosed". Section 8(1) (j) of the Right to Information (RTI) Act, 2005 provides that it is not obligatory for public informatio

For first time in decades, cash in circulation dips in Diwali week: Study

Technology changing how Indians make payments; trend will help monetary transmission: SBI Research

In a two-decade first, currency in circulation declines in Diwali week

The currency in circulation (CIC) declined by Rs 7,600 crore in the Diwali week, making it the first such happening in two decades, a report said on Thursday. This was made possible courtesy of a greater reliance on digital payments by people, the report by economists at SBI said, adding that the Indian economy is undergoing a structural transformation at present. They clarified that the Diwali week in 2009 had also witnessed a marginal Rs 950 crore decline in currency in circulation, but that was purely due to the economic slowdown amid the global financial crisis. "The innovations in technology have changed the Indian payment system. Over the years, the Indian cash lead economy now has changed to a smart-phone lead payment economy," they said. The economists also said that a lower currency in circulation also is akin to a cut in the cash reserve ratio for the banking system as it results in lower leakage of deposits and will have a positive impact on monetary transmission as ...

Administrator seeks RBI nod to restructure Reliance Capital into four CICs

Will help bidders for its insurance business to avoid Irdai's 5-year lock-in

CIC to EC: Give on stamp paper you disclosed all info under RTI

The case originates from an RTI query filed by activist Commodore Lokesh Batra (Retd)

Offline digital payments: What does it mean, and how does this work?

Proximity payments have got a huge leg-up. Tap-and-pay will now be on steroids

Disclose number of EVMs, VVPATs that showed defects in firmware audit: CIC

Central Information Commission has ordered disclosure of total number of EVMs and VVPATs that showed defects, errors during testing of their firmware by STQC Directorate.

RTI rejections down for the govt, but rise for home ministry: CIC report

RTI rejection down 4.3% overall, home ministry rejects 21% of RTI requests, finance rejects 13%

No public interest in disclosing details of political parties' donors: CIC

CIC rejected a plea for making the details public

New bank licences: CIC structures of large groups on RBI's watch list

The RBI's stance on CIC structures is to be read along with its discomfort with leverage through the pledge of shares.

CIC serves notice to Govt for saying it has no info on Aarogya Setu creator

According to the RTI body, both the National Informatics Centre and the IT ministry has denied knowledge regarding the creator of the essential app