Draft guidelines for ‘on tap’ license has been issued by RBI for small finance banks
The Reserve bank of India on 13th September, 2019 has released on its website the draft guidelines for ‘on tap’ licensing of small finance banks (“SFB”) in the private sector and invited comments from stakeholders and members of the public until 12th October 2019.
The Draft guidelines deals with Registration & Licensing, Eligibility Criteria to be a SFB
FSSAI permits hotels to serve drinking water in paper sealed glass bottles
The Food Safety and Standards Authority of India (FSSAI) on 9th September, 2019 released a notification allowing hotels to serve drinking water in paper sealed glass bottles exclusively to in house guests as a commitment to environment sustainability.
Iron and steel import policy Amended
The Ministry of Commerce and Industry on 5th September, 2019 amended the Import Policy on Iron & Steel making the registration compulsory under Steel Import Monitoring System (SIMS) for the listed items.
The Annexure to the amendment contains 284 custom tariff items. The SIMS will be effective from 1st November 2019. The facility for online Registration will be available with effect from 16/09/2019.
Orthopedic Knee implant price allowed to include trade margins NPPA clarifies
The National Pharmaceutical Pricing Authority (NPPA) has released a clarification on the pricing of orthopedic knee implants in an office memorandum dated 29th August, 2019. NPPA has clarified that hospitals, nursing homes and clinics are allowed to add trade margins on orthopedic knee implants as per the rates prescribed.
