Insights

INFORM: Infrastructure, Projects & Finance – May 2024

The highlights of the current issues are:

Case laws:

  • Contractual Clauses Must Provide for Broad Panel of Arbitrators
  • Arbitral Award Granted Outside Contractual Terms Undermines Sanctity of Contracts
  • Payment Cannot Be Directed Based on Unfinalised Payment Certificate
  • Adherence To Principles of Natural Justice a Must in Debarment or Blacklisting

Notifications/circulars:

  • Commercial Banks to Shift Statutory Return Submission to CIMS Portal
  • Regulations on Gold Price Risk Hedging in Overseas Markets Relaxed
  • Lenders to Issue Key Facts Statement to Borrowers Starting October 1
  • Master Circular Released on Credit Facilities for Scheduled Castes (SCs) & Scheduled
    Tribes (STs)
  • Small Finance Banks Permitted to Expand Hedging Avenues with Rupee Interest Rate
    Derivatives
  • RBI Advises Vigilance Against Unauthorized Forex Trading
  • Draft Guidelines Issued for Offline Payment Aggregators (PA-Ps)
  • Revised Guidelines Issued for Asset Reconstruction Companies
  • New Guidelines for Bitumen Selection on Indian Highways
  • Lenders to Align Lending Practices with Fair Practice Code
  • Voluntary transition of Small Finance Banks to Universal Banks
  • Draft Guidelines Issued on ‘Digital Lending – Transparency in Aggregation of Loan
    Products from Multiple Lenders’

Quick Reads:

  • End of Toll Fee Exemption Hoardings on National Highways Anticipated
  • NTPC Green Teams Up with Leading Banks for Rs 10,000 Crore IPO in Renewable
    Energy Sector
  • Edelweiss Alternatives Acquires LT Infra Projects
  • Leveraging Land Value for Infrastructure Boost
  • Cost Overruns Plague 448 Infrastructure Projects
  • Registration Certificate of Acemoney (India) Revoked Over Irregular Lending Practices