RBI to withdraw 7.75% savings (Taxable) Bond scheme from 28th May 2020
The Reserve Bank of India vide its press release dated 27th May announced 7.75% savings Bond Scheme from 28th May 2020.
DGFT includes Gopalpur port as a port of registration
The Director General of Foreign Trade in its notification dated 22nd May 2020 has included Gopalpur Port as a port of registration under Sea Ports.
Union Cabinet nods for modification in the existing “Partial Credit Guarantee Scheme (PCGS)”
The Union Cabinet vide 20th May 2020, approved the norms for modification of Partial Credit Guarantee Scheme (PCGS)
NSE allows stock exchanges to launch options on Gold in the commodity derivatives segment
The National Stock Exchange of India launched ‘Gold Option’ in commodity derivative segment. This shall be effective from June 08,2020
Contribution to PM CARES Fund included as CSR activity
Contribution to Prime Minister’s Citizen Assistance and Relief in Emergency Situations Fund (PM CARES Fund) is inserted to the schedule providing activities which may be included by companies in their Corporate Social Responsibility Policies. This notification shall be deemed to have come into force on 28th March, 2020.
Cabinet approves “Scheme for the formalisation of Micro Food Processing Enterprises (FME)”
The Union Cabinet vide its notification dated 20th May 2020 has approved Scheme for Formalisation of Micro Food Processing Enterprises(FME) for the unorganized sector.
Facility for registration of IRP/RPs made available on the GST Portal
The Goods and Service Tax portal has come up with the facility for registration of insolvency resolution professionals/resolution professionals in the GST portal.
Income-tax (10th Amendment) Rules, 2020
The Income-tax (10th Amendment) Rules, 2020 provides that the guidelines for application of Section 9A has been amended. The amendment provides that the sub-rule (5) to sub-rule (10) which provides rights and duties of eligible fund manager shall not apply on or after the 1st day of April, 2019.
