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RBI Extends Market Trading Hours in respect of government securities

February 8, 2023 1431 Views 0 comment Print

RBI decided to restore market hours in respect of government securities from 9:00 AM to 3:30 PM to 9:00 AM to 5:00 PM with effect from Monday, February 13, 2023

Instruction regarding Import of High risk food products at specific ports – reg.

February 8, 2023 1686 Views 0 comment Print

The list of such high-risk food products is as specified below:-(i) Milk and Milk Products;(ii) Egg powder. (iii) Meat and Meat Products including Poultry, Fish and their products.(iv) Food for Infant nutrition / Infant Foods. (v) Health supplements, Food for Dietary uses. Probiotic and prebiotic foods. Foods for Special Medical Purpose.

4,861 minors filed ITRs during FY 2022-23 till 31st January 2023

February 8, 2023 963 Views 0 comment Print

For individual taxpayers below age of 18 years, 4,861 ITRs filed and paid Rs 6.31 crore gross taxes, before claim of refund, during FY 2022-23 till 31st January 2023 For individual taxpayers between the age of 18 to 35 years, 2,09,06,829 ITRs filed, and Rs 93,318 crore paid in gross taxes, before claim of refund, […]

Crypto Assets require international collaboration to prevent regulatory arbitrage

February 8, 2023 942 Views 0 comment Print

Crypto Assets are borderless, require international collaboration to prevent regulatory arbitrage Under PMLA, Rs. 936 crore related to crypto currency is attached/seized/freezed by ED as on 31.01.2023 Crypto Assets are by definition borderless and require international collaboration to prevent regulatory arbitrage. This was stated by the Union Minister of State for Finance, Shri Pankaj Chaudhary, […]

Assistance in filing of applications for fixation of SION

February 8, 2023 1470 Views 0 comment Print

Members of trade can also seek assistance/guidance with regard to the filing of application of Advance Authorisation cases for fixation/finalization of Standard Input Output Norms (SION) through this facility to ensure completeness of application for faster fixation of SION.

7 new features in ICAI UDIN portal

February 7, 2023 4620 Views 0 comment Print

UDIN Directorate have provided new features in the portal, not only to enhance the users’ experience but also to accommodate the modern contemporary requirements. Some of the salient features implemented, are as under: 1. GUI (Graphical User Interface) based user dashboard for the Members: The interface among others will present the summary UDIN statistics for […]

Timeline for processing Partial Withdrawal requests reduced to T+2 days: PFRDA

February 7, 2023 1452 Views 0 comment Print

Timeline for processing Partial Withdrawal requests has also been reduced to T+2 across all CRAs now. For instance, those partial withdrawal requests authorized on Monday till specified timelines shall be processed such that the Subscribers’ Bank Account is credited on Wednesday, considering those 3 days are settlement days.

Application to reclaim failed transactions of NPS & APY /Reissuance of Annuity

February 7, 2023 2274 Views 0 comment Print

NPS/APY Subscribers permitted to withdraw from their Permanent Retirement Account Number (PRAN) as per applicable guidelines and provisions of regulations issued by PFRDA.

Extension of period up to which delay can be condoned is not the same as extension of limitation period: SC

February 7, 2023 3330 Views 0 comment Print

SC held that extension of period up to which delay can be condoned is not the same as the extension of limitation period ( Sagufa Ahmed & Ors. v. Upper Assam Plywood Products Pvt. Ltd. & Ors)

SEBI amends Initial disclosure requirements for issue & listing of green debt securities

February 6, 2023 2295 Views 0 comment Print

In the backdrop of increasing interest in sustainable finance in India as well as around the globe, and with a view to align the extant framework for green debt securities with the updated Green Bond Principles (GBP) recognised by IOSCO, SEBI undertook a review of the regulatory framework for green debt securities.

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