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DGFT extends ‘Free’ import policy of Refined bleached deodorised palmolein/palm oil

December 20, 2021 1620 Views 0 comment Print

‘Free’ import policy of items under HS code 15119010 (Refined bleached deodorised palm oil) , 15119020 (Refined bleached deodorised palmolein) and 15119090 (Others)  is extended for a period up to 31.12.2022. Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Notification No. 46/2015-2020-DGFT New Delhi, Dated: 20th December, […]

Free Import Policy of Moong extended up to 31.03.2022

December 20, 2021 1209 Views 0 comment Print

Import policy for Moong shall be Free for consignments with Bill of Lading/Lorry Receipt dated on or before 31.03.2022. Imports should be cleared from Customs on or before 30.06.2022.

Assisted Reproductive Technology (Regulation) Act, 2021

December 18, 2021 1038 Views 0 comment Print

MINISTRY OF LAW AND JUSTICE (Legislative Department) New Delhi, the 20th December, 2021/Agrahayana 29, 1943 (Saka) The following Act of Parliament received the assent of the President on the 18th December, 2021 and is hereby published for general information:— THE ASSISTED REPRODUCTIVE TECHNOLOGY (REGULATION) ACT, 2021 (NO. 42 OF 2021) [18th December, 2021] An Act […]

EPFO: Mandatory activation of Multi-Factor Authentication

December 17, 2021 7827 Views 0 comment Print

It is informed that, with immediate effect, installation of 2 Factor Authentication (2FA) has been made mandatory by NIC for using the email id on ‘@epfindia.gov.in’ domain.

Punjab One Time Settlement of Outstanding Dues (Second) Scheme, 2021

December 17, 2021 10581 Views 0 comment Print

(1) This scheme may be called the Punjab One Time Settlement of Outstanding Dues (Second) Scheme, 2021. (2) It extends to the whole of the State of Punjab.

Biological Diversity (Amendment) Bill, 2021 introduced in Lok Sabha

December 16, 2021 3984 Views 0 comment Print

The Biological Diversity (Amendment) Bill, 2021, inter alia, seeks to— (i) reduce the pressure on wild medicinal plants by encouraging cultivation of medicinal plants; (ii) encourage Indian system of medicine; (iii) facilitate fast-tracking of research, patent application process, transfer of research results while utilising the biological resources available in India without compromising the objectives of United Nation Convention on Biological Diversity and its Nagoya Protocol;

Scheduled payments & small finance banks can conduct Govt agency business: RBI

December 15, 2021 753 Views 0 comment Print

It has now been decided to make scheduled payments banks and scheduled small finance banks eligible to conduct Government agency business. Any payment bank or small finance bank that intends to undertake Government agency business may be appointed as an agent of RBI upon execution of an agreement with RBI, provided that the overarching regulatory framework prescribed for these banks is complied with.

Election Laws (Amendment) Bill, 2021 introduced in Lok Sabha

December 15, 2021 1452 Views 0 comment Print

Election Laws (Amendment) Bill, 2021 is introduced in Lok  Sabha to amend section 28 of the Representation of the People Act, 1950 which confers power upon the Central Government to make rules. The matters on which rules may be made, inter alia, relate to—(a) the authority and the form and manner of intimation of Aadhaar […]

CA, Cost and Works Accountants and CS (Amendment) Bill, 2021

December 14, 2021 7686 Views 0 comment Print

THE CHARTERED ACCOUNTANTS, THE COST AND WORKS ACCOUNTANTS AND THE COMPANY SECRETARIES (AMENDMENT) BILL, 2021 – A BILL further to amend the Chartered Accountants Act, 1949, the Cost and Works Accountants Act, 1959 and the Company Secretaries Act, 1980.

Prompt Corrective Action (PCA) Framework for NBFCs

December 14, 2021 1809 Views 0 comment Print

The objective of the PCA Framework is to enable Supervisory intervention at appropriate time and require the Supervised Entity to initiate and implement remedial measures in a timely manner, so as to restore its financial health.

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