Latest news with #CorrectiveActionPlan
Time of India
23-07-2025
- Business
- Time of India
RBI withdraws conditions on Religare Finvest under corrective active plan with immediate effect
The Reserve Bank of India on Wednesday announced that it has withdrawn the Corrective Action Plan (CAP) imposed on Religare Enterprises ' wholly-owned subsidiary, Religare Finvest Limited (RFL), with immediate effect from July 23, 2025. The CAP was initially imposed on January 18, 2018, due to irregularities observed during the inspection as of March 31, 2017. Explore courses from Top Institutes in Please select course: Select a Course Category Degree Data Science Cybersecurity healthcare Design Thinking Operations Management Leadership Project Management Artificial Intelligence Others Public Policy Data Science PGDM CXO Product Management Finance Digital Marketing Data Analytics Management others MBA Healthcare Skills you'll gain: Data-Driven Decision-Making Strategic Leadership and Transformation Global Business Acumen Comprehensive Business Expertise Duration: 2 Years University of Western Australia UWA Global MBA Starts on Jun 28, 2024 Get Details The company is, however, advised to be in compliance with all the prudential requirements, said the stock exchange filing of Religare Enterprises. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like End Season Sale: Special Discount Luxury Watches Buy Now Undo
Yahoo
04-06-2025
- Business
- Yahoo
Rep. French Hill calls for investigation into mismanagement of Little Rock Housing Authority
VIDEO: Little Rock City Directors remove two Metropolitan Housing Alliance commissioners after years of management concerns (September 2023) LITTLE ROCK, Ark. – Rep. French Hill (AR-02) is pushing for an investigation into the Little Rock Housing Authority. Hill wrote a letter to Stephen Begg, the acting Inspector General of the Department of Housing and Urban Development, to address what officials call 'continued troubled operations' at the Little Rock Housing Authority, also known as the Metropolitan Housing Alliance (MHA). 'After years of broken promises, shameful mismanagement, and questionable expenditures – including multiple Corrective Action Plan findings by HUD and a Federal law enforcement raid – it is clear that MHA has lost both my and the public's trust,' Hill said in the letter. Little Rock City Directors remove two Metropolitan Housing Alliance commissioners after years of management concerns In the letter, Hill requested that Begg's office launch an investigation into mismanagement at MHA and its nonprofit affiliate, the Central Arkansas Housing Corps (CAHC). 'Most concerning is the pending foreclosure action at the Madison Heights apartment complex stemming from defaults on questionable loans connected to CAHC from 2019,' Hill said. 'As a result, Arkansans might end up on the hook for a $7.5 million MHA bailout to avoid foreclosure, which could affect the housing for residents of more than 240 Federally-assisted affordable housing units.' Hill stated MHA and CACH have refused to provide any required audited financial statements since 2018, which he added resulted in nearly $30 million in 'questionable or potentially disallowed' expenses. 'Specifically, please address why HUD did not more aggressively seek to intervene earlier to spare taxpayers and Little Rock residents from this unacceptable situation, including using its Sanctions for Troubled Performer PHAs authorities under 24 CFR 902.83,' Hill requested of Begg in the letter. Trump is swiftly undoing transgender protections in HUD's housing policies The full letter can be . Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
07-02-2025
- Health
- Yahoo
State Medicaid suspends contract with MedRide
(COLORADO) — Colorado's Department of Health Care Policy & Financing (HCPF) said it has suspected MedRide's contract after it allegedly participated in a fraud scheme. According to HCPF, an initial review of MedRide found significant deficiencies in reimbursement paperwork, including missing member signatures, missing dates and times, and claims forms with missing information from poor scanning. In response to concerns by HCPF, a Corrective Action Plan was put in place that MedRide allegedly failed to comply with. The Corrective Action Plan required MedRide to hold a meeting in November with HCPF to certify that MedRide understood billing and documentation submission requirements. They also had to submit clean claims with the required supporting documentation for their reimbursements to be paid. The suspension is set to last for six months while HCPF investigates the alleged fraud, and HCPF may terminate or extend this six-month suspension or terminate MedRide as a provider as the investigation continues. MedRide is not allowed to provide services, and Medicaid members will need to find an alternate provider. Medicaid members who need assistance can contact the Member Contact Center at 1-(800) 221-3943. MedRide told FOX21 News it is working with HCPF to resume services and reiterated the suspension was temporary. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
