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CBIC extends ADD on uncoated copier paper till 28.02.2022

August 27, 2021 1353 Views 0 comment Print

Seeks to amend Notification number 56/2018-Customs(ADD) dated 4th December, 2018, to extend the levy on “uncoated copier paper” from Indonesia & Singapore upto 28th February, 2022. MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 27th August, 2021 Notification No. 48/2021-Customs (ADD) G.S.R. 597(E).—Whereas, the designated authority vide initiation notification No. 7/8/2021-DGTR, dated the […]

Street vendors included in PM SVANidhi Scheme beneficiaries

August 26, 2021 414 Views 0 comment Print

The Reserve Bank has now decided to include street vendors identified as part of the PM Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi Scheme) in tier-1 and tier-2 centres as beneficiaries under the PIDF Scheme. As hitherto, the street vendors in tier-3 to tier-6 centres will continue to be covered under the Scheme.

RBI appoints Shri Ajay Kumar as new Executive Director

August 26, 2021 744 Views 0 comment Print

The Reserve Bank of India has appointed Shri Ajay Kumar as Executive Director (ED) with effect from August 20, 2021. Prior to being promoted as ED, Shri Ajay Kumar was heading the New Delhi Regional Office of the Bank as Regional Director.

Cabinet approves MoU between ICAI and IPAR

August 26, 2021 681 Views 0 comment Print

Union Cabinet, chaired by Prime Minister, Shri Narendra Modi, has approved signing Memorandum of Understanding between Institute of Chartered Accountants of India (ICAI) and Institute of Professional Accountants of Russia (IPAR).

Request for feedback-Minimising Regulatory Compliances in respect of Pharma Industry

August 26, 2021 471 Views 0 comment Print

Development Commissioners are requested that any laboratory or institution which have been accredited for Good Manufacturing Practice (GMP) and Good Laboratory Practice (GLP) may be accepted as recognized laboratory or institution for quality testing or research and development under Rule 50(3) and their certificate may be accepted as required in Proviso to Rule 50(3) of SEZ Rules, 2006.

Increase of Entry Age up to 70 Years under NPS

August 26, 2021 1368 Views 1 comment Print

It has been decided to increase the entry age of NPS in the interest of Subscribers and benefit them with the opportunity of creating a long term sustainable pension wealth. The existing age of entry which is 18-65 years has been revised to 18-70 years.

Penalty justified for not fulfilling responsibility of KYC on Customs Broker

August 26, 2021 2640 Views 0 comment Print

Manoj Gadhiya Vs C.C. (CESTAT Ahmedabad) It is apparent that the appellant was fully aware about the fictitious nature of the importers as the documents were being fabricated with his knowledge. He also admitted that he had never met the importer but solely relied on the documents submitted by High Sea Seller. His defense seems […]

Govt notifies new ‘BH’ registration series for personal vehicles

August 26, 2021 54207 Views 4 comments Print

Government has taken a host of citizen centric steps to facilitate mobility. An IT based solution for vehicle registration is one such effort. However, one of the pain points in the vehicle registration process that needed attention was re-registration of a vehicle while moving to another state.

SEBI issues Circular on Security & Covenant Monitoring using Distributed Ledger Technology

August 25, 2021 1041 Views 0 comment Print

A system using block chain technology for non-convertible securities along with the underlying assets would be created and all charges and asset valuation transactions shall be recorded by the respective entities including Issuers, Debenture Trustees, Credit Rating Agencies, etc. The system will give permissions to the Debenture Trustees, Issuers, Credit Rating Agencies etc. to update the data/ information and would be accessible to other entities like stock exchanges, depositories etc.

Bank Employees Family Pension to be increased to 30% of last pay drawn

August 25, 2021 585 Views 0 comment Print

In a bid to provide relief to families of bank employees, the Government has approved the Indian Banks’ Association’s proposal to increase the family pension to 30% of last salary drawn.  This move would make family pension go up to as much as Rs 30,000 to Rs 35,000 per family of bank employees. 

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