In respect of accounts which were within the Review Period as on March 1, 2020, the period from March 1, 2020 to August 31, 2020 shall be excluded from the calculation of the 30-day timeline for the Review Period. In respect of all such accounts, the residual Review Period shall resume from September 1, 2020, upon expiry of which the lenders shall have the usual 180 days for resolution.
Lending institutions are permitted, at their discretion, to convert the accumulated interest for the deferment period up to August 31, 2020, into a funded interest term loan (FITL) which shall be repayable not later than March 31, 2021.
It has been decided to increase the maximum permissible period of pre-shipment and post-shipment export credit sanctioned by banks from one year to 15 months, for disbursements made upto July 31, 2020.
As announced in the Monetary Policy Statement 2020-21 dated May 22, 2020, the Bank Rate is revised downwards by 40 basis points from 4.65 per cent to 4.25 per cent with immediate effect.
Central Board of Direct Taxes (CBDT) has issued tax refunds worth Rs. 26,242 crore to 16,84,298 assessees since 1st April, 2020 to 21st May, 2020. Income Tax refunds amounting to Rs. 14,632 crore have been issued to 15,81,906 assessees and corporate tax refunds amounting to Rs. 11,610 crore have been issued to 1,02,392 assessees during this period.
IRDAI Guidelines on Insurance Claims of victims of current Cyclone Amphan (May 2020) in parts of Odisha and West Bengal and other neighboring States
As a result of Cyclone Amphan, there are reports of loss of human lives and loss of belongings in the affected Districts of primarily the states of West Bengal and Odisha. In order to extend every possible facilitation in quick and timely settlement of life insurance claims, you are advised to take the following actions immediately in all the states affected by the cyclone:
Government of India Ministry of Commerce and Industry Department of Commerce Directorate General of Foreign Trade Dated: 22.05.2020 Udyog Bhawan, New Delhi Trade Notice No. 12/2020-2021 To, 1. All Exporters/Members of Trade 2. All Designated Agencies under FTAs/PTAs Subject: Issuance of Preferential Certificate of Origin for India’s exports to Thailand and Vietnam under ASEAN-India FTA […]
opalpur Port is added by amending the Para 4.37 under Sub Para ‘Sea Ports’ making Gopalpur as a port of registration for various Schemes under the Foreign Trade Policy.
The owner of the Barber shop/ Hair-cut saloon will ensure that any staff member who has symptoms of COVID-19 (Fever, Dry Cough, breathing difficulty etc) shall stay at home seek medical advice. Similarly no client having such symptoms should be attended.
