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The Assam government has introduced legislation to exclude entities regulated by the Reserve Bank of India (RBI) from the Assam Microfinance Institution (Regulation of Money Lending) Act, 2020. This move aims to avoid dual regulation and address loan defaults and stress in rural households.
The Minister said that the cabinet also decided to request the Indian Olympic Association (IOA) for giving the state a chance to host the national games either in 2025 or 2027., Education News, Times Now
The proposed Rules will exempt MSMEs from certain approvals and inspections, required for establishment and operation in the State for 3 years. An MSME in Assam can now start operation upon receipt of an 'Acknowledgement Certificate' from the State nodal agency by submitting the Declaration of Intent'.