Tamil Nadu government announces Commercial Tax extensions
The Tamil Nadu Commercial Taxes and Registration Department Press Release dated 23.5.2020 has announced two ordinances amending tax law provisions to relax certain provisions, including extension of time limit, in the taxation.
Regulatory measures introduced by SEBI to continue till 25th June 2020
The Securities and Exchange Board of India vide its notification dated 22nd May 2020 has extended the regulatory measures which were issued earlier to tackle market volatility amid coronavirus pandemic till 25th June 2020.
RBI extends the time limit for settlement of import payment.
The RBI has decided to extend the time period for completion of remittances against normal import from six months to twelve months from the date of shipment for such imports made on or before July 31, 2020.
RBI reduces repo rate by 40 basis points
The Reserve Bank of India vide its notification dated 22nd May 2020 has cut its repo rate under the liquidity adjustment facility by 40 bps from 4.65 per cent to 4.25 per cent with immediate effect.
FSSAI has extended the date of enforcement for display of DOM and BBD of loose sweets to 1st August 2020
The Food Safety and Standards Authority of India vide its notification dated 21st May 2020 has extended the date of enforcement for the display of Date of Manufacturing and best before date of non-packaged/loose sweets on their container/tray at the outlet for sale from 1st June 2020 to 1st August 2020.
