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Notifications/Circulars

RBI extends UPI facility to travelers & Increases repo rate by 25 basis points

February 8, 2023 510 Views 0 comment Print

An enhancement has recently been made to provide UPI access to non-resident Indians who have international mobile numbers linked to their NRE / NRO accounts. It is now proposed to permit all inbound travellers to India also to access UPI for their merchant payments (P2M) while they are in the country.

Clarification on applicability of Plastic Waste Management Rules, 2016 on imported goods

February 8, 2023 4575 Views 1 comment Print

Plastic Waste Management Rules, 2016 have been amended to introduce Schedule II to said Rules, vide Plastic Waste Management (Amendment) Rules, 2022. Accordingly, Extended Producer Responsibilities on producer, importer and brand owner have been made applicable to both pre-consumer and post-consumer plastic packaging waste.

RBI Extends Market Trading Hours in respect of government securities

February 8, 2023 1035 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 990 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.

ESI Act should receive a liberal & beneficial construction to promote its objects: SC

February 8, 2023 1383 Views 0 comment Print

The establishment M/s Radhika Theatre, situated at Warangal, Telangana was covered under ESI Act w.e.f. 16.01.1981 on the basis of Form 01 dt. 27.01.1981 submitted by the petitioner establishment. Thereafter Corporation issued C-11 dated 04/02/1981 to the Employer informing the coverage of the unit.

Assistance in filing of applications for fixation of SION

February 8, 2023 1056 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.

Clarification w.r.t. issuance & listing of perpetual debt instruments, perpetual non-cumulative preference shares

February 8, 2023 1203 Views 0 comment Print

Clarification w.r.t. issuance and listing of perpetual debt instruments, perpetual  non-cumulative preference shares and similar instruments under Chapter V of the SEBI (Issue and Listing of Non-convertible Securities) Regulations, 2021

Entities allowed to use e-KYC Aadhaar Authentication services of UIDAI in Securities Market as sub-KUA

February 8, 2023 1392 Views 0 comment Print

Govt notified another 39 reporting entities to use Aadhaar authentication services of UIDAI under section 11A of Prevention of Money-laundering Act, 2002.

RBI Monetary Policy Committee increases policy rates by 25 basis points

February 8, 2023 1176 Views 0 comment Print

As announced in Monetary Policy Statement dated February 08, 2023, it has been decided by Monetary Policy Committee (MPC) to increase policy repo rate under Liquidity Adjustment Facility (LAF) by 25 basis points from 6.25 per cent to 6.50 per cent with immediate effect.

Draft Vivad se Vishwas II (Contractual Disputes)

February 8, 2023 2391 Views 0 comment Print

Government proposes quick settlement of contractual disputes to promote ease of doing business as announced in Union Budget 2023-24 and Circulates scheme for graded settlement terms for stakeholder consultation. The Ministry of Finance today circulated a draft scheme for consultation with stakeholders.  The scheme is aimed at bringing quick finality to certain contractual disputes in which […]

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