ICAI issues Exposure Draft of Multiple Engagement and Quality Control Standards, for public comments from various stakeholders to be received by 25-8-2023.
Department of Consumer Affairs urges online platforms to refrain from adopting ‘dark patterns’ harming consumer interest. Dark patterns include certain defined terms such as False Urgency, Basket Sneaking, Subscription Traps, Confirm Shaming, Forced Action, Nagging, Interface Interference, Bait & Switch, Hidden Costs and Disguised Ads. Consumer can report instances of ‘dark patterns’ to National Consumer Helpline.
Income-tax Department conducts verification of Reporting Entities like Banks, Forex dealers, Sub-registrars etc. The information furnished by Reporting Entities is used for display to the taxpayers, through their filing account, in the form of Annual Information Statement (AIS).
RBI issues report of Inter-Departmental Group (IDG) on internationalisation of INR.
Press Release 2023-2024/539, dated 5-7-2023.
RBI requires credit card issuers to provide an option to customers to choose one among multiple cards w.e.f. 1-10-2023.
Press Release 2023-2024/543, dated 5-7-2023.
SEBI amends Credit Rating Agency norms to include provisions relating to ‘ESG Rating Providers’.
Notification No. SEBI/LAD-NRO/GN/2023/136, dated 3-7-2023.