RBI proposes changes in regulations applicable to Housing Finance Companies
RBI proposes to increase the minimum NOF for HFCs from the current requirement of ₹10 crore to ₹20 crore. For existing HFCs the glide path would be to reach ₹15 crore within 1 year and ₹20 crore within 2 years. This step is aimed at strengthening the capital base, especially of smaller HFCs and companies proposing to seek registration under NHB Act.
Chandigarh extends the working hours in factories to tackle the labor shortage
The Chandigarh labor Department in its notification dated 3rd June 2020 has relaxed the provisions of the Factories Act, 1948, to extend the maximum working hours 12 hours a day and 72 hours a week. from the existing nine hours for optimum utilization of labor.
Government of Gujarat imposes fine for violating Gujarat Epidemic Diseases COVID-19 Regulations, 2020
The State Government of Gujarat has authorized the police personnel not below the rank of head constable to collect fine for not wearing a face cover in all public and workplace and during transportation and for spitting in public places.
Guidelines for Validation and Batch Testing of Covid-19 Diagnostic Kits
The Ministry of Health and Family Welfare, on June 4 2020 has published the Guidelines for Validation and Batch Testing of Covid-19 Diagnostic Kits.
The BA-BE study of New drugs in human subject for export subject shall strictly comply with guidelines
The CDSCO vide notification dated June 9, 2020 has clarified that the BA-BE study of New drugs in human subject for export subject shall strictly comply with guidelines and procedures laid down irrespective of any difficulty in compliance arising out of the Covid 19 outbreak.
