Month: September 2024

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FSSAI licence of KFC unit suspended over use of magnesium silicate-synthetic

Background A recent development has highlighted the important development in the food industry, the Food Safety and Standards Authority of India has suspended the license of a KFC outlet in Thoothukudi, Tamil Nadu. The restaurant in Velavan Hypermarket complex was inspected by a team headed by District Food Safety Designated Officer Mariyappan and Area Food […]

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Fraud Risk Management in Urban Cooperative Banks (UCBs) / State Cooperative Banks (StCBs) / Central Cooperative Banks (CCBs)

On July 15, 2024, Reserve Bank Of India issued Master Directions on Fraud Risk Management in Urban Cooperative Banks (UCBs) / State Cooperative Banks (StCBs) / Central Cooperative Banks (CCBs) superseding the earlier directions on the subject, namely, ‘Master Circular– ‘Classification and Reporting’ (DCBR.CO.BPD.MC.No.1/ 12.05.001/2015-16) dated July 1, 2015. These Directions are issued with a […]

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