A look at recent rulings which can affect you.
> The Reserve Bank of India (RBI) has mandated that gold finance companies should not disburse loans exceeding 60 per cent of the value of the gold jewellery held as collateral. Non-banking financial companies have been asked not to grant any advance against bullion and gold coins.
> The 10-day mandatory waiting period for refund of unutilised foreign exchange to holders of international travel cards has been scrapped by the Reserve Bank of India. Now, the refund have to be made immediately on request of a card holder. However, the card issuer is allowed to retain unsettled amounts for authorised transactions, up to $100 for transactions in the pipeline along with transaction fees and service taxes payable in the rupee.
> The Securities and Exchange Board of India has notified a new reporting format for disclosing financial results for companies other than banks. Companies will have to use the new format to file their income statement and balance sheet in this format starting 2011-12. In the new format, companies filing consolidated results will have to include details of profit or loss of associates and minority interest.
> The insurance regulator has hiked premium rates on third-party motor insurance cover by up to 30 per cent effective from 1 April 2012. For cars, premiums will increase by 4-6 per cent depending on the engine capacity. Premiums will go up by 6-8 per cent for two-wheelers and 10-30 per cent for commercial vehicles.