Economic Stimulus Package Part 1 announced by the Finance Minister
The Hon’ble Finance Minister (‘FM’) Mrs Nirmala Sitaraman announced the first Part of the Economic Relief Package for businesses including MSMEs.
Automakers will have to declare emission details and noise standards
The new ROAD-WORTHINESS CERTIFICATE will include the brand, chassis number, engine number (motor number, in case of battery-operated or electric vehicles) and emission norms of the vehicle and will specify the levels of each pollutant like carbon monoxide, hydrocarbon, non-methane HC, NOx, HC + NOx, PM etc. for petrol and diesel vehicles. It will also mention the sound level for horn and pass-by noise values.
Hazardous industries in Kerala are permitted to operate after taking pollution control measures
The State Government of Kerala in its press release has informed that all chemical and other industrial handling toxic chemicals/material to resume their operation after taking necessary safety/pollution control measures.
The Bihar Taxation Law (Amendment) Ordinance, 2020
The State Government of Bihar vide its notification dated 12th May 2020 has published the Bihar Taxation Law (Amendment) Ordinance, 2020 which amended the rate of tax payable under the Bihar Value Added Tax Act, 2005.
Delhi Government issues sop for hospitals to report COVID-19 deaths
The Delhi Disaster Management Authority in its order dated 10th May 2020 has issued a new Standard Operating Procedure, under which all Covid-19 hospitals and other facilities will e-mail a ‘death report’ to the government by 5 pm every day. The government shall constitute a Death Audit Committee to monitor the mortality.
CBIC extends the relaxation for submission of bond till 15th June 2020 to facilitate trade during the lockdown period
The Central Board of Indirect Taxes and Customs vide its notification dated 11th May 2020 has extended the facility given to businesses to import and export goods without furnishing bonds to the Customs authorities till 15th June 2020. The board has now extended the facility of accepting the undertaking in lieu of bond for the period till May 30, 2020, and as a result, the date of submission of the bond is also temporarily extended till June 15, 2020.
SEBI has listed out 8 market-linked entities that can use e-KYC Aadhaar authentication
The 8 listed entities shall get registered with UIDAI as KYC user agency (“KUA”) and shall allow SEBI registered intermediaries/mutual fund distributors to undertake Aadhaar Authentication in respect of their clients for the purpose of KYC.
DGFT provides transport and marketing assistance to specified agricultural products in per Kilogram basis
The Directorate General of Foreign Trade vide public notice issued on 12 May, 2020, has provided that the claims for availing assistance for transport and marketing of specified agricultural products shall be on per kilogram basis.
Securities and Exchange Board of India (Payment of Fees) (Amendment) Regulations, 2020
The Securities Exchange Board of India vide notification dated 8th May 2020 has issued the Securities and Exchange Board of India (Payment of Fees) (Amendment) Regulations, 2020 and has made consistent changes to other regulations to restructure the fee regime established by SEBI for issue, buy back and other transactions.
