"04 November 2019" Archive

FM Launches two new IT Initiatives -ICEDASH & ATITHI

Finance Minister Launches two new IT Initiatives -ICEDASH & ATITHI for improved monitoring and pace of Customs clearance of imported goods and facilitating arriving international passengers. ICEDASH : Ease of Doing Business monitoring dashboard of the Indian Customs helping public see the daily Customs clearance times of import cargo. ATI...

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Posted Under: Custom Duty |

SEBI Enhances Governance Norms for Credit Rating Agencies

SEBI/HO/MIRSD/CRADT/CIR/P/2019/121 (04/11/2019)

CRAs shall meet the audit committee of the rated entity, at least once in a year, to discuss issues including related party transactions, internal financial control and other material disclosures made by the management, which have a bearing on rating of the listed NCDs....

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RBI Guidelines on Liquidity Risk Management Framework for NBFCs & CICs

RBI/2019-20/88 DOR.NBFC (PD) CC. No.102/03.10.001/2019-20 (04/11/2019)

In order to strengthen and raise the standard of the Asset Liability Management (ALM) framework applicable to NBFCs, it has been decided to revise the extant guidelines on liquidity risk management for NBFCs....

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RBI Guidelines on Compensation of Whole Time Directors/ CEOs/ Material Risk Takers and Control Function staff

RBI/2019-20/89 DOR.Appt.BC.No.23/29.67.001/2019-20 (04/11/2019)

The compensation practices, especially of large financial institutions, were one of the important factors which contributed to the global financial crisis in 2008. Employees were often rewarded for increasing short-term profit without adequate recognition of the risks and long-term consequences that their activities posed to the organisat...

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DGFT notifies EIC/EIA as inspection agency for export of rice to EU

Notification No. 29/2015-2020-DGFT (04/11/2019)

In addition to other existing policy conditions, export of Rice (Basmati and Non – Basmati) to European Union Countries will require 'Certificate of Inspection' from EIC/EIA with immediate effect....

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