Qualification standards for research associates updated, adding eligibility criteria and mandatory professional examination requirements under regulatory amendment. Substituted Schedule I prescribes discipline-wise essential and desirable qualifications for Economics/Public Policy, Law, Business Management, Insolvency and Valuation roles for engagement as Research Associates and Consultants, including specified postgraduate or professional degrees, enrolment eligibility for legal practice, membership of professional institutes, statutory qualification or examination passes where applicable, and desirable advanced degrees, certifications and experience; Insolvency roles require prescribed qualifications, experience and a pass in the Limited Insolvency Examination, and Valuation roles require statutory valuation qualifications and a pass in the relevant Valuation Examination.