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Public Holidays for year 2023 under Negotiable Instruments Act 1881 in Maharashtra

December 2, 2022 57246 Views 0 comment Print

Public Holidays for year 2023 under Negotiable Instruments Act 1881 in Maharashtra GENERAL ADMINISTRATION DEPARTMENT Mantralaya, Madam Cama Road, Hutatma Rajguru Chowk, Mumbai 400 032, dated the 2nd December 2022. NOTIFICATION PUBLIC HOLIDAYS–2023 No. PHD-1122/C.R.117/Desk-29.— In exercise of the powers of Central Government under section 25 of the Negotiable Instruments Act, 1881 (XXVI of 1881) […]

Revised Regulatory Framework for Urban Co-op Banks – Net Worth & Capital Adequacy

December 1, 2022 3612 Views 0 comment Print

UCBs which currently do not meet the minimum net worth requirement, as above, shall achieve the minimum net worth of ₹2 crore or ₹5 crore (as applicable) in a phased manner. Such UCBs shall achieve at least 50 per cent of the applicable minimum net worth on or before March 31, 2026 and the entire stipulated minimum net worth on or before March 31, 2028.

Operations of subsidiaries and branches of Indian banks and AIFIs in foreign jurisdictions and in IFSCs – Compliance

December 1, 2022 897 Views 0 comment Print

Operations of subsidiaries and branches of Indian banks and All India Financial Institutions (AIFIs) in foreign jurisdictions and in International Financial Services Centers (IFSCs) – Compliance with statutory/regulatory norms

Review of norms for classification of UCBs as Financially Sound & Well Managed

December 1, 2022 3183 Views 0 comment Print

It has been decided to revise the criteria for UCBs to be classified as FSWM. The revised criteria in view of Revised Regulatory Framework for Urban Co-operative Banks (UCBs) released by RBI on July 19, 2022 based on the recommendation of the Expert Committee on Primary (Urban) Co-operative Banks are given in the Annex.

RBI notifies updated list of ‘significant benchmarks’ administered by FBIL

December 1, 2022 2652 Views 0 comment Print

Reserve Bank hereby notifies Modified Mumbai Interbank Forward Outright Rate (MMIFOR) administered by Financial Benchmarks India Pvt. Ltd. (FBIL) as a ‘significant benchmark’.

CBIC reduces Special Additional Excise Duty (SAED) on Diesel to Rs. 6.50 per

December 1, 2022 579 Views 0 comment Print

CBIC reduces Special Additional Excise Duty (SAED) on Diesel to Rs. 6.50 per litre vide Notification No. 41/2022-Central Excise, Dated: 01.12.2022

SAED on production of Petroleum Crude reduced to Rs. 4900 per tonne

December 1, 2022 261 Views 0 comment Print

Special Additional Excise Duty (SAED) on production of Petroleum Crude reduced to Rs. 4900 per tonne vide Notification No. 40/2022-Central Excise Dated 1st December, 2022 GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of Revenue) New Delhi, Notification No. 40/2022-Central Excise Dated 1st December, 2022 G.S.R.860(E).–In exercise of the powers conferred by section 5A of the […]

Legal Metrology (Packaged Commodities) (Amendment) Rules, 2022

November 30, 2022 3183 Views 0 comment Print

These rules may be called the Legal Metrology (Packaged Commodities) (Amendment) Rules, 2022. They shall come into force on the date of their publication in the Official Gazette.

CBDT notifies Under-17 Women’s World Cup, 2022 as international sporting event

November 30, 2022 1107 Views 0 comment Print

CBDT notifies Federation Internationale de Football Association Under-17 Women’s World Cup, 2022 as the international sporting event for Income Tax Exemption under Section 10(39) vide Notification No. 126/2022-Income Tax | Dated: the 30th November, 2022. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi Notification No. 126/2022-Income Tax | Dated: the […]

Draft Food Safety and Standards (Labelling & Display) Amendment Regulations, 2022

November 30, 2022 1266 Views 0 comment Print

Draft Regulations – These regulations may be called the Food Safety and Standards (Labelling & Display) Amendment Regulations, 2022.

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