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Conditions for off-site/mobile ATMs operationalisation by DCCB

August 11, 2022 1518 Views 0 comment Print

Criteria for opening of branches/extension counters/specialized branches/regional offices/zonal offices/administrative offices/shifting of branches/upgradation of extension counters into full-fledged branches by a DCCB

Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) (Amendment) Regulations, 2022

August 11, 2022 819 Views 0 comment Print

These Regulations may be called the Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) (Amendment) Regulations, 2022.

RBI clarifies on Bilateral Netting of Qualified Financial Contracts

August 11, 2022 1275 Views 0 comment Print

the exemption for foreign exchange (except gold) contracts which have an original maturity of 14 calendar days or less shall be applicable to entities calculating the counterparty credit risk under Original Exposure Method without taking the benefit of bilateral netting.

Income-tax payer cannot Join Atal Pension Yojana wef 1st October 2022

August 10, 2022 8691 Views 1 comment Print

Government notified that from 1st October,2022, any citizen who is or has been an income-tax payer, shall not be eligible to join Atal Pension Yojana (APY). In case a subscriber, who joined on or after 1st October, 2022, is subsequently found to have been an income-tax payer on or before the date of application, the […]

Amendment in minimum registration time period of NFMIMS

August 10, 2022 2355 Views 0 comment Print

The requirement of advance registration of minimum 5 days from the expected date of arrival of import consignment under NFMIMS has been abolished/made zero. Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade, New Delhi Notification No. 26/2015-2020 | Dated: 10th August, 2022 Subject: Amendment in minimum registration […]

Books of accounts to be maintained by university, charitable/medical institutions

August 10, 2022 14763 Views 0 comment Print

CBDT notifies  Income tax rules 17AA. Books of account and other documents to be kept and maintained by institution or trust or any university or other educational institution or any hospital or other medical institution u/s 10(23C) or Sec 12A vide Notification No. 94/2022-Income Tax Dated: 10th August, 2022 – Income-tax (24th Amendment) Rules, 2022. MINISTRY OF […]

Amendment in Export Policy of Wheat Flour, Maida, Samolina (Rava / Sirgi)

August 8, 2022 1902 Views 0 comment Print

Export Policy of items [Wheat Flour (Atta), Maida, Samolina (Rava / Sirgi), Wholemeal atta and resultant atta] under HS Code 1101 remains ‘Free’,

Authorised Dealer Category-I License eligibility for Small Finance Banks

August 8, 2022 2031 Views 0 comment Print

All the scheduled SFBs, after completion of at least two years of operations as Authorised Dealer Category-II, will be eligible for Authorised Dealer Category-I license, subject to compliance with the eligibility norms given in the Annex-I.

RBI allows authorized SPDs to offer FCS-OIS

August 8, 2022 990 Views 0 comment Print

SPDs, authorized under section 10(1) of FEMA, 1999 shall also be eligible to offer FCS-OIS to persons not resident in India as well as to other AD Cat-I banks and eligible SPDs.

Electricity (Amendment) Bill, 2022 introduced in Lok Sabha

August 8, 2022 732 Views 0 comment Print

The Electricity (Amendment) Bill, 2022, inter alia, provides for the following, namely:— (i) to amend section 8 of the Act so as to streamline the concurrence of the hydro generating station by the Authority to facilitate development of the hydro sector in the country; (ii) to amend section 14 of the Act in order to […]

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