RBI Urges Tech-Boosted Compliance Monitoring

02 Feb 2024 CW Team

The Reserve Bank of India (RBI) has issued a directive urging regulated entities to embrace technology for the augmentation of their internal compliance monitoring systems. This move is in line with the central bank's ongoing efforts to modernize and strengthen the regulatory framework within the financial sector.

Regulated entities, including banks and financial institutions, have been instructed by the RBI to leverage advanced technological solutions to bolster the effectiveness of their internal compliance mechanisms. The deadline for implementation has been set for June 30, 2024, emphasizing the urgency and importance of adopting these enhancements.

The incorporation of technology is expected to bring about a more robust and efficient internal compliance monitoring process, aligning with the evolving landscape of the financial industry. This initiative aims to not only streamline regulatory compliance but also enhance the overall risk management capabilities of the entities.

By mandating the integration of technology, the RBI seeks to create a more dynamic and responsive regulatory environment, ensuring that financial entities are equipped to address emerging challenges effectively. The deadline provides a clear timeline for entities to align their operations with the technological advancements prescribed by the RBI, marking a significant step towards a more technologically resilient financial sector in India.

Infrastructure Urban

13 Mar 2026

Implementation Status of Jal Jeevan Mission

Since August 2019 the Government has implemented Jal Jeevan Mission to provide assured potable water through household tap connections in rural India. At the start of the mission only 32.3 million (mn) rural households, representing 16.7 per cent, were reported to have tap water connections. States and union territories have reported that 125.8 mn additional rural households have since been provided with tap connections. As a result, of about 193.6 mn rural households roughly 158.2 mn, or 81.71 per cent, are reported to have tap water supply at home.\n\nThe State, district and village level st..

Jal Jeevan Mission Reaches Eighty One Per Cent Rural Coverage

The Government reported substantial progress under the Jal Jeevan Mission, launched in August 2019 to provide tap water to every rural household. At launch only 32.3 million (mn) rural households had tap connections and states and Union territories reported provision of 125.8 mn additional households by March 2026. Consequently, out of about 193.6 mn rural households around 158.2 mn, or 81.71 per cent, are reported to have tap water at home. The Finance Minister announced extension of the mission until 2028 in the 2025-26 budget speech. The Swachh Bharat Mission Grameen, launched in October 20..

Empowering Local Governance for Sustainable Rural Water Supply

The Ministry of Jal Shakti has aligned the Jal Jeevan Mission (JJM) with the 73rd Amendment to strengthen village level planning and community ownership of water supply. Gram Panchayats, village water and sanitation committees and Pani Samitis are to plan, implement, manage and maintain piped water systems, with gram sabha processes formalising handover and oversight. Implementation support agencies including non government organisations, community based organisations and self help groups have been empanelled to train local committees and promote women participation. Under JJM, the department ..