Intermediary-controlled computer resources: designated agency notifies unlawful use involving information, data, or communication links under statutory functions.
The Indian Cyber Crime Coordination Centre (I4C) of the Ministry of Home Affairs is designated as the agency to perform functions under section 79(3)(b) of the Information Technology Act, 2000. Its function includes notifying instances where information, data or communication links residing in or connected to computer resources controlled by intermediaries are used to commit unlawful acts.

Payment service authorisation in IFSC requires corporate establishment, financial capacity, governance, fund safeguarding, and ongoing regulatory compliance.
Payment services in or from an IFSC require authorisation of an IFSC-incorporated company, subject to eligibility, fit-and-proper, financial-soundness, infrastructure, governance and user-protection assessment. Authorised providers must maintain prescribed net worth, appoint a nodal bank, commence operations within the permitted period, and notify material changes. They must safeguard applicable funds through segregated escrow or other permitted arrangements, comply with anti-money laundering, counter-terrorist financing and know-your-customer requirements, protect information systems, give clear user disclosures, operate grievance mechanisms, and retain transaction and compliance records.

Sovereign Gold Bond Scheme 2023-24 offers 8 year government gold linked bonds with 2.5% interest and tradability.
Sovereign Gold Bond Scheme 2023-24 issues Government of India Stock denominated in grams of 999 purity gold, available to resident individuals, HUFs, trusts, charitable institutions and universities. Bonds (min one gram) have fiscal-year subscription ceilings (4 kg individuals/HUF; 20 kg trusts), nominal value fixed by a three day IBJA average, Rs.50 per gram discount for digital applicants, 2.50% p.a. interest payable semi annually, eight year tenor with premature redemption after year five on coupon dates, transferability, Demat conversion, tradability, loan collateralisation subject to LTV and lender discretion, and specified tax treatment.

Retained premium investments in DTA receive targeted regulatory non-applicability while investment compliance remains governed by prescribed modes.
Regulation 5 is amended by removing the reference to "on Foreign Portfolio Investment" and replacing "and" with "or" after "Reserve Bank of India" in clause (b) of sub-regulation (7). New sub-regulation (9) excludes regulations 10 to 13 where an IIO invests retained premium in DTA to meet the specified reinsurance condition, while requiring the mode and manner of investment to conform to the applicable investment regulations.

Guarantee scheme for corporate debt enables guaranteed borrowing by a market stability fund during market dislocation.
The Central Government approved the Guarantee Scheme for Corporate Debt (GSCD) under which GFCD, managed by NCGTC, provides full guarantee cover for borrowings of the Corporate Debt Market Development Fund (CDMDF) in times of market dislocation. CDMDF, a SEBI regulated AIF funded by specified debt mutual funds and AMCs, may leverage its corpus to purchase investment grade corporate debt subject to prudential issuer limits, a loss absorption waterfall that prioritizes first loss by selling MF schemes and contributors, and operational controls including SEBI triggers, trustee governance, reporting, and a guarantee fee payable by Member Lending Institutions.

IFSC banking unit licensing framework distinguishes branch and subsidiary structures, strengthening capital, liquidity, reserve, currency, and compliance obligations.
Banking Unit licensing in an International Financial Services Centre is structured around an IFSC Banking Unit operating as a branch and an IFSC Banking Company operating as a subsidiary of its Parent Bank. Indian and foreign banks require licence or permission to establish a Banking Unit. Licensing requirements distinguish between branch and subsidiary structures through prescribed Parent Bank capital, home-regulator no-objection requirements and, for an IFSC Banking Unit, a liquidity-support undertaking. Prudential obligations cover liquidity coverage, net stable funding, leverage and reserve requirements, with distinct treatment for IFSC Banking Units and IFSC Banking Companies.

Aadhaar authentication allowed for voluntary use in agricultural loan applications via the bank's portal, subject to statutory compliance.
The Central Government authorises the National Bank for Agriculture and Rural Development to perform Aadhaar authentication on a voluntary basis for residents applying for agricultural loans via the Bank's portal, using Yes/No and e-KYC modes, subject to compliance with the Aadhaar Act, its rules and regulations, and directions of the Unique Identification Authority of India, effective from publication in the Official Gazette.

Sovereign Gold Bond Scheme issues gold denominated bonds with 2.5% interest, eight year maturity and specified subscription limits.
The Sovereign Gold Bond Scheme 2023-24 issues Government of India Stock in gram denominations to resident individuals, HUFs, trusts, charitable institutions and universities, with mandatory PAN and designated receiving offices. Bonds bear interest at 2.50% per annum paid half yearly, mature at eight years with early redemption permitted after five years, are tradable and transferable, may be used as collateral subject to applicable LTV, and have subscription ceilings (4 kg for individuals/HUFs, 20 kg for trusts). Nomination, transfer and taxation rules follow existing government securities regulations.

Insurance governance in International Financial Services Centres requires control safeguards, solvency protection, transparent advertising, outsourcing oversight, and policyholder-focused conduct.
IIOs must notify proposals capable of changing control, obtain prior approval before issuing or allotting capital, and ensure that ownership, portfolio or management changes do not affect the priority of policyholder and creditor claims. Mergers, amalgamations and transfers require prior approval, adequate solvency, legal compliance and protection of policyholders' interests. IIOs must also maintain Board-approved policies for expenses of management, commissions, places of business, outsourcing and policyholder protection. Outsourcing requires risk oversight, due diligence, data privacy and contractual confidentiality safeguards. Advertising must be truthful, clear, substantiated and consistent with issued insurance policies.

Life insurance solvency rules require actuarial valuation, admissible asset reporting, risk-based capital assessment, and a minimum solvency ratio.
International Financial Service Centre Insurance Offices undertaking life insurance business must submit prescribed statements of admissible assets, liabilities and solvency margin, together with an annual actuarial report, an asset-and-liability valuation certified by the Appointed Actuary, and a certified solvency computation. Mathematical reserves must ordinarily be determined policy by policy through Gross Premium Valuation using prudent assumptions and an appropriate Margin for Adverse Deviations. Available Solvency Margin is measured against reserve-and-sum-at-risk and investment-risk required margins, and the control level requires a minimum solvency ratio of 150%.

Insurance solvency rules require asset valuation, technical reserves, reporting, and minimum capital adequacy for International Financial Service Centre insurers.
International Financial Service Centre Insurance Offices conducting general, health or re-insurance business must file prescribed statements of admissible assets, liabilities and solvency margin, together with an annual actuarial report and certified valuations. Technical reserves must comprise premium and claims reserves, including UPR, PDR, OCR and IBNR components. Available Solvency Margin is determined from adjusted assets and liabilities, while Required Solvency Margin is the higher of premium-based and incurred-claims-based measures. The control level requires a minimum solvency ratio of 150%.

Corrigendum to Finance Act corrects typographical errors in statutory text, clarifying wording across multiple provisions.
Corrigendum to the Finance Act, 2023 issues targeted textual corrections to replace typographical errors, punctuation and spacing mistakes, and an incorrect subsection numbering, thereby ensuring the Gazette publication accurately reflects the intended legislative wording without altering substantive legal provisions.

Re-insurance governance requires insurance offices to adopt board-approved strategies, risk-transfer standards, retention controls, compliant placements, reporting, and pool oversight.
Classification as a re-insurance contract requires risk transfer for the relevant accounting year and protection for the ceding insurer or retrocessionaire against negative financial effects of underlying business. In alternative risk transfer arrangements combining re-insurance and financing, separable elements are accounted for individually under the IIO's accounting standards; inseparable arrangements are treated as financial transactions, with accounting determined by substance over form. Each IIO must adopt a Board-approved segment-wise retention policy, maximise retention according to financial strength and risk quality, avoid fronting, and meet any specified minimum retention.

Women-focused savings certificate provides single-holder term deposits with defined withdrawal and premature closure rules.
The Mahila Samman Savings Certificate, 2023 establishes a single holder savings account for women and minor girls (via guardians) with prescribed application and KYC requirements, limits on deposits and account openings, quarterly compounded interest at the Scheme rate, defined maturity and rounding rules, a one time partial withdrawal after one year, restricted premature closure for death or compassionate grounds with specified interest consequences, agency charges for operations, application of General Rules where silent and a power for the Central Government to relax provisions in cases of undue hardship.

Appointed actuary governance mandates independent actuarial oversight, solvency controls, reserve certification, reporting, and escalation of insurance compliance failures.
Appointed actuary governance requires each International Financial Services Centres Insurance Office to appoint a qualified, independent actuary with relevant insurance experience and no conflicting role. The Appointed Actuary has access to necessary information, advises on pricing, solvency, reserves, investments, reinsurance and risk management, and certifies actuarial valuations and returns. The role includes reporting material legal, regulatory or professional-practice non-compliance to the Board and directly to the Authority. Actuarial reports must address assets, liabilities, capital adequacy, reserve methodology and estimate variability in accordance with applicable professional standards.

Insurance financial reporting requires separate funds, prescribed investment valuation, detailed disclosures, and annual audited reporting for insurance offices.
Registered International Financial Service Centre Insurance Offices must follow prescribed accounting and presentation requirements. Unincorporated offices use the accounting standards and accounting year of their parent entity; incorporated offices use ICAI standards subject to direct-method cash-flow reporting, mandatory segment reporting and non-application of the investment accounting standard. Financial statements require comparative information, disclosure of applicable standards, accounting policies and their changes, and USD reporting unless otherwise specified. Incorporated offices must submit annual reports containing governance, risk, audited financial, external audit and actuarial materials, while all offices must separately account for policyholders' and shareholders' funds.

Insurance premium payment rules permit specified payment methods and conditional risk assumption while requiring contractual terms and credit-risk controls.
IIOs may receive insurance premium through recognised banking and electronic instruments, bank guarantees, cash deposits, or other specified methods. Risk may be assumed, continued or terminated where premium is received, guaranteed, supported by an advance deposit, or governed by contractual or specified terms. Insurance contracts must state premium schedules, grace periods, consequences of non-payment, revival conditions, risk commencement and termination, and any premium payment warranty clause. Premium refunds must be paid directly to insured persons, while IIOs must maintain Board-approved credit-risk mitigation policies.

Insurance recordkeeping requires IIOs and IIIOs to preserve accessible data, support inspections, and meet information-production duties.
IIOs must adopt Board-approved record-maintenance policies covering electronic processing, data privacy and security, cybersecurity, systems security, backups, disaster recovery, business continuity, archival, and Risk Management Committee oversight. They must retain policy, claims and reinsurance records in secure electronically retrievable form at Indian data centres, review the policy annually, and preserve records for at least seven years or longer where applicable. Both IIOs and IIIOs must provide demanded records and information for investigation or inspection.

IFSC insurance investment governance requires asset-liability matching, investment-grade eligibility, concentration controls, risk monitoring, and ongoing reporting.
Every IIO must maintain a Board-approved investment policy, value assets and liabilities, preserve solvency, and hold investment assets at least equal to liabilities while matching their nature, duration, currency and uncertainty. Investment assets must generally satisfy investment-grade asset and sovereign-rating criteria, comply with asset-class and concentration limits, remain free from encumbrances, and be subject to independent due diligence, risk monitoring, internal controls, audits and prescribed reporting. Exceeding exposure limits or a downgrade below investment grade requires additional capital as specified.

Insurance product governance requires board-approved oversight, actuarial pricing, target-market testing, unique identification, and policyholder safeguards.
IIOs must operate a board-approved Product Oversight and Governance Policy for insurance product design, approval, monitoring, review, distribution and corrective action. Products must suit the target market, have actuarially certified rates, terms and conditions, undergo appropriate testing, and be supported by records and conflict-management measures. Direct-insurance policy wording must be submitted before marketing, and products may be suspended, modified or withdrawn if non-compliant or detrimental to prospects or policyholders. Every product requires a Unique Identification Number, while policy servicing must provide cancellation, grievance-management and electronic insurance policy safeguards.