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Notifications/Circulars

Conditional exemption from issue of Physical copy of Electronic Policies till 30.09.20201

March 23, 2021 660 Views 0 comment Print

The desirability of adopting total digital means of doing business in the interests of policyholders and other stakeholders exemption is allowed for six months more by Competent Authority under Proviso to Regulation 4(iii) of the Referred Regulations, from the requirement to issue policy document, copy of proposal form in physical form. The exemption is subject to

CBDT notifies CIT (Appeals) for cases under Black Money Act 2015

March 23, 2021 3330 Views 0 comment Print

Approval for notifying Commissioners of Income-tax (Appeals) to exercise jurisdiction over the cases under the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015- reg.

Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) (Amendment) Regulations, 2021

March 23, 2021 834 Views 0 comment Print

1. These regulations may be called the Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) (Amendment) Regulations, 2021. 2. They shall come into force on the date of their publication in the Official Gazette.

SEBI announces modified framework for BCP and DR

March 22, 2021 1488 Views 0 comment Print

With advancement in technology and improved automation of processes, it was felt that the extant framework needs to be re-examined with a view to reducing the time period specified for moving from Primary Data Centre (PDC) to DRS.

Weekly newsletter from Chairman, CBIC, Dated: 22.03.2021

March 22, 2021 984 Views 0 comment Print

The week gone by had begun on a positive note. A Departmental Screening Committee meeting was held for ad-hoc promotions from the grade of Senior Translator to the grade of Assistant Director (Official Language). Due to this, 14 officers are likely to get promoted as AD (OL).

Clarification on valuation of bonds issued under Basel III framework

March 22, 2021 561 Views 0 comment Print

Based on the representation of the Mutual Fund Industry to consider a glide path for implementation of the policy and request of other stakeholders, it has been decided that the deemed residual maturity for the purpose of valuation of existing as well as new bonds issued under Basel III framework shall be as below:

National Bank for Financing Infrastructure & Development Bill, 2021 introduced in Lok Sabha

March 22, 2021 822 Views 0 comment Print

National Bank for Financing Infrastructure & Development Bill, 2021 establish the National Bank for Financing Infrastructure and Development to support the development of long term non-recourse infrastructure financing in India including development of the bonds and derivatives markets necessary for infrastructure financing and to carry on the business of financing infrastructure and for matters connected therewith or incidental thereto.

Measures to prevent repeat of Trading halt at NSE

March 22, 2021 1623 Views 0 comment Print

With regard to the Trading halt at NSE on February 24, 2021, NSE presented its detailed Root Cause Analysis (RCA) before SEBI Technical Advisory Committee (TAC) on March 22, 2021.

Govt notifies annual import Quota (FY 2021-22) for Tur/Pigeon peas & Moong

March 19, 2021 1620 Views 0 comment Print

Central Government hereby notifies the annual quota for the fiscal year 2021–22 for the following items of Chapter 7 of the Indian Trade Classification (Harmonized System), 2017, Schedule-1 (Import Policy):

Last date for import of Urad extended to 30th April, 2021

March 19, 2021 522 Views 0 comment Print

Government hereby extends the last date for import of 1.5 Lakh MT of Urad [Beans of the SPP Vigna Mungo (L.) Hepper] under HS Codes 0713 31 10, 0713 90 10 and 0713 90 90 of Chapter 7 of ITC (HS), 2017, Schedule – I (Import Policy), for the fiscal year 2020-21, from 31st March, 2021 to 30th April, 2021.

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