State Government of Tripura has decided to declare Labour Directorate as an essential service rendering department
State Government of Tripura in its notification dated 16th April 2020 has declared that the services of officials working under the establishment of labour directorate in Tripura shall be treated as essential service.
CBDT revises ITR forms to enable the benefits of timeline extension
The Income Tax Authority return filing utility after incorporating necessary changes shall be made available by 31st May .
Regulatory measures introduced by SEBI shall remain in force till 28th May 2020
SEBI has extended its surveillance measures to tackle market volatility amid coronavirus pandemic till May 28.
Banks and NBFCs are required to carry out money laundering risk assessment periodically
The Reserve Bank of India in its notification dated 20th April 2020 has amended the Master Direction (MD) on Know Your Customer (KYC) Direction dated 25th February 2016.
RBI eases investment norms under Targeted Long Term Repo Operations (TLTROs)
The RBI has released Frequently Asked Questions on Targeted Long Term Repo Operation in which it has eased some regulatory norms for investments in Targeted Long Term Repo Operation to provide relief to banks investing in papers issued by small and medium sized non-banking finance companies and microfinance institutions under the scheme.
CBDT issues clarification on provisions of the Direct Tax Vivad Se Vishwas Act 2020
The Central Board of Direct Taxes vide its circular dated 22nd April 2020 has issued clarifications in respect of various provisions under the Direct Tax Vivad Se Vishwas Act 2020.
The government exempts shops of educational books, movement of Indian seafarers at Indian ports from lockdown restriction
The Ministry of home affairs in its order dated 21st April 2020 has extended relaxation to several agricultural and commercial industries from the lockdown restrictions.
SEBI makes amendments to Sandbox Regulatory Regulations
The amendments to SEBI regulations have empowered the Board with Power to relax strict enforcement of the regulations related to Regulatory Sandbox, stating that the Board may exempt any person or class of persons from the operation of all or any of the provisions of these regulations for a period as may be specified but not exceeding 12 months in order to promoter innovation.
