Provision15(c) of guidelines on Standard Individual Health Insurance Product bearing ref: IRDAI/HLT/REG/CIR/001/1/2020 dated 1.1.2020 stands modified wherein 15(c) A.20 Internal Congenital Anomalies stands deleted from the list of diseases under specific waiting period
As per Section 147(2) of the amended Motor Vehicles Act, 1988, the Central Government prescribes premiums for motor third party insurance policies in consultation with the IRDAI.
Changes would need to be made to existing laws regulating cross border trade viz. the Sea Customs Act, 1878; the Inland Bonded Warehouses Act, 1896; the Land Customs Act, 1924 and the Indian Aircraft Act, 1934. With a view to consolidate provisions of the separate laws into one comprehensive act, the Customs Act, 1962 was enacted in 1962
At present, banks have been granted a special dispensation of enhanced Held to Maturity (HTM) limit of 23 per cent of Net Demand and Time Liabilities (NDTL), for Statutory Liquidity Ratio (SLR) eligible securities acquired between September 1, 2020 and March 31, 2023, until March 31, 2023.
DEDUCTION OF TAX AT SOURCE- INCOME-TAX DEDUCTION FROM SALARIES UNDER SECTION 192 OF THE INCOME-TAX ACT, 1961 DURING THE FINANCIAL YEAR 2022-23
Pursuant to withdrawal of tariffs to rates, terms, conditions and regulations applicable to Fire, Engineering, Motor, Workmen’s Compensation and other classes of business by Tariff Advisory Committee
Additional export sectors/items in Chapter 28, 29, 30 & 73 are being added in Appendix 4R under RoDTEP for exports made from 15.12.2022 and shall be applicable till 30.09.2023.
RESERVE BANK OF INDIA Governor’s Statement: December 7, 2022 As we come to the end of yet another turbulent year, the global economy is still marred by profound shocks and unprecedented uncertainty. Mixed signals are emanating from the geopolitical situation and financial market volatility. In the beginning of this year (2022), just as the COVID-19 […]
The e-KYC setu shall be a system put in place by National Payments Corporation of India (NPCI) to enable verification of identity of a client or its beneficial owner by a reporting entity through authentication under the Aadhaar Act without disclosing the Aadhaar number of the individual to the reporting entity.
On the basis of an assessment of the current and evolving macroeconomic situation, the Monetary Policy Committee (MPC) at its meeting today (December 7, 2022) decided to: Increase the policy repo rate under the liquidity adjustment facility (LAF) by 35 basis points to 6.25 per cent with immediate effect.
