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Appointment of Internal Ombudsman by NBFCs

November 15, 2021 2652 Views 0 comment Print

In the interest of conduct of business relating to Non-Banking Financial Companies (NBFCs), RBI directs specified NBFCs registered with RBI under Section 45-IA of the RBI Act, 1934 to appoint an Internal Ombudsman (IO). Reserve Bank of India RBI/2021-2022/126 CO.CEPD.PRS.No.S874/13-01-008/2021-2022 November 15, 2021 The Chairman/Managing Director & CEO a) NBFCs-D with 10 or more branches, […]

Default bail U/s. 167(2) Cr.P.C. cannot be equated with discretion of Court U/s. 437, 438 or 439 Cr.P.C.

November 13, 2021 5283 Views 0 comment Print

Punjab & Haryana High Court modifies conditions for default bail under Section 167(2) Cr.P.C. in Amandeep Singh Bhui vs Inspector CGST case.

Trade must grow in a mutually beneficial & collaborative way- Shri Goyal

November 12, 2021 771 Views 0 comment Print

Global Supply chains should not only be based only on cost but also on trust – Shri Piyush Goyal Trade must grow in a mutually beneficial and collaborative way- Shri Goyal Ensuring transparent, trustworthy and resilient supply chains is at the core of trade revival- Shri Goyal India has proved its capability and emerged as […]

CBIC launches online digital application for scheduling of examination of cargo for traders

November 12, 2021 1143 Views 0 comment Print

CBIC launches online digital application for scheduling of examination of cargo for traders at ICD Tughlakabad, Delhi ICD Tuglakabad’s initiative will improve logistics efficiency of industry by launching Customs clearance work on Sundays and all public holidays Customs at ICD Tuglakabad also inaugurates Baggage Scanner for non-intrusive examination of unaccompanied baggage/palletized import Cargo As a […]

RBI Integrates 3 Ombudsman schemes into Reserve Bank – Integrated Ombudsman Scheme, 2021

November 12, 2021 1428 Views 0 comment Print

All Commercial Banks, Regional Rural Banks, Scheduled Primary (Urban) Co-operative Banks and Non-Scheduled Primary (Urban) Co-operative Banks with deposits size of Rupees 50 crore and above as on the date of the audited balance sheet of the previous financial year;

Auction of Government Securities: Non-Competitive Bidding Facility to retail investors

November 12, 2021 2295 Views 0 comment Print

With a view to encouraging wider participation and retail holding of Government securities, retail investors are allowed participation on “non- competitive” basis in select auctions of dated Government of India (GoI) securities and Treasury Bills.

Shri Piyush Goyal says FDI in India growing rapidly over last few years

November 12, 2021 528 Views 0 comment Print

Shri Piyush Goyal says FDI in India growing rapidly over last few years Commerce Minister invites South Korea to invest in Defence and Retail Plan to manufacture 5 billion vaccines next year: Shri Piyush Goyal India will witness one of the fastest growth rates across the world – Shri Goyal The Minister for Commerce & […]

IRDAI cautioned SLA for not sending reminders to insured for delay in document submission

November 12, 2021 1617 Views 0 comment Print

Post personal hearing, the SLA submitted some documents in support of their submission that they are sending regular reminders to the insured in case there is delay on the part of the insured  in the submission of documents. However major portion of the documents are not related to the sample claims indicated under the observation. Further, […]

Relaxation in mandatory updation of ASLAAS-5 Card Numbers

November 12, 2021 10050 Views 0 comment Print

It is once again reiterated that mentioning of ASLAAS-5 card number in the schedule of deposits being made by the MPKBY Agents is mandatory in accordance with the provisions of MPKBY Agency Rules, 1972. However, to overcome the issue of preparation of schedule (Bulk list) due to non-updation of ASLAAS-5 card numbers in Agent Portal […]

CBIC removes levy of ADD on Medium Density Fiberboard

November 11, 2021 720 Views 0 comment Print

Seeks to rescind Notification No. 34/2016 – Customs (ADD) dated 14th July, 2016 to remove levy of ADD on Medium Density Fiberboard- Notification No. 65/2021-Customs (ADD), Dated 11.11.2021 MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 11th November, 2021 Notification No. 65/2021-Customs (ADD) G.S.R. 789(E).—In exercise of the powers conferred by sub-sections (1) […]

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