RBI Holds 8th State-Level Coordination Committee Meet in Sikkim

28 Mar 2025 CW Team

The 8th State Level Coordination Committee (SLCC) Meeting was conducted by the Reserve Bank of India (RBI), Gangtok on March 26, 2025, at Tashiling Secretariat. The meeting was held under the chairmanship of Ravindra Telang, Chief Secretary, Government of Sikkim, and was convened by Thotngam Jamang, Regional Director of RBI.

The meeting was attended by various dignitaries, including General Manager RBI, Gangtok; SEBI, Kolkata; Secretaries from Law Department, Home Department, Information & Public Relations Department, Finance Department; Cooperation Department, RCS, IGP CID, IGP Law and Order, DIGP, Range; and DIGP, Special Branch.

During the meeting, the committee discussed the implementation of the BUDS Rules for the State of Sikkim under the Banning of Unregulated Deposit Schemes (BUDS) Act, 2019. They also deliberated on various types of financial frauds being reported on Helpline 1930 and the total recovery done by the Sikkim Police.

The RBI Manager discussed the various types of digital frauds rampant and the initiatives taken by RBI to curb the growth of fraudulent activities. The stakeholders shared market intelligence amongst each other regarding unregulated entities engaging in fraudulent activities and discussed the role of the Sachet portal for reporting them.

RBI and SEBI also discussed various programs on Investor Awareness and Customer Grievance Redress Mechanism conducted by them to educate the public about common digital frauds and mechanisms to safeguard their financial rights. The Chief Secretary highlighted the efforts of RBI, Gangtok, in spreading financial literacy and its outreach program throughout Gangtok.

News source: PIB

Infrastructure Urban

19 Sep 2025

LTTS Joins MIT Media Lab To Drive AI And Sustainable Tech

L&T Technology Services, a global provider of AI, digital and engineering consulting services, has announced a multi-year membership agreement with the MIT Media Lab, one of the world’s leading research institutions.As a consortium Lab Member, LTTS will collaborate on next-generation artificial intelligence (AI) developments, highlighting its commitment to advancing transformational innovation in mobility, sustainability and technology.Under the agreement, LTTS will participate in active exchanges of knowledge with the Media Lab’s cross-disciplinary ecosystem of researchers, innovators..

Maharashtra Approves Rs 9.31 Bn for Bhandara–Gadchiroli Expressway

The Maharashtra cabinet, chaired by Chief Minister Devendra Fadnavis, has approved the revised design and funding of Rs 9.31 billion for the Bhandara–Gadchiroli controlled access expressway, a project expected to enhance connectivity across Vidarbha.The 94.2 km expressway, to be implemented by the Maharashtra State Road Development Corporation (MSRDC), will cut the Bhandara–Gadchiroli distance by 23 km and reduce travel time to 1.5 hours. Of the sanctioned funds, Rs 5.34 billion has been earmarked for project work and Rs 3.96 billion for interest, with land acquisition to begin shortly.The..

Waaree Energies to Offload 14.66% Stake in Indosolar via OFS

Waaree Energies, promoter of Indosolar, will sell up to 61 lakh equity shares, representing 14.66 per cent of Indosolar’s paid-up capital, through an Offer for Sale (OFS) on stock exchanges. The move is aimed at meeting SEBI’s minimum public shareholding (MPS) norms.The OFS will open for non-retail investors on September 18 (T-day), followed by retail investors on September 19 (T+1 day), through a dedicated trading window. Each share carries a face value of Rs 10.Antique Stock Broking has been appointed as the seller’s broker to manage the transaction, ensuring compliance and transparenc..