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Centre drafts new rules for gas meters under legal metrology framework
These rules make it mandatory for all gas meters used for domestic, commercial, and industrial purposes to undergo testing, verification and stamping prior to their use in trade and commerce
Lenders can impose penalty on defaults only as 'penal charges': RBI
Regulated entities are barred from imposing such charges in the 'penal interest' that is added to the rate of interest charged on the advances
Penalty goals for handling the ball on the line a future possibility: IFAB
For those taking a penalty there may be no second chance should their first effort be saved