Draft Reserve Bank of India (Market-makers in OTC Derivatives) Directions, 2020.
The policy for introduction of new over the counter (OTC) derivative products shall, inter-alia, include the process for evaluation and approval of new products. All new products shall be approved by the Board of Directors.
RBI allows Regional Rural Banks (to participate in the call/notice/term money market.
All dealings in Call/Notice/Term money executed on the Negotiated Dealing System-Call, i.e. NDS-Call do not require separate reporting and It is mandatory that all the OTC Call/Notice/Term money deals be reported over the reporting platform of NDS-Call by the parties who are having NDS-Call membership.
FSSAI extends the date of implementation of its order on requirement of non GM cum GM free certificate on imported foods.
FSSAI in its earlier order has prescribed the format in which the certificate is to be issued and prescribes the details such as names and addresses of exporters, manufacturers and consignees, quantity, description.
NPPA has fixed the retail prices for 19 formulations under the Drugs (Prices Control) Order, 2013.
he revised retail price is applicable only to the individual manufacturer/marketers who have applied for the same by submitting Form-I for price fixation/revision as stipulated under DPCO, 2013.
Clarification on income tax deduction from salaries for the financial year 2020-2021
Tax is to be determined at the average of income tax computed on the basis of rate in force for the financial year. The perquisites paid by the employer shall also be taken into account.
Clarifications on provisions of the Direct Tax Vivad se Vishwas Act, 2020
The Circular provides that amount payable under Vivad se Vishwas shall be computed with reference to the position of appeal or arbitration as on 31st January, 2020.
Haryana Government declares leave for factory workers on bye-election dates
Workers who are working in the Factories of Haryana and are enrolled as the voters in election shall not be required or allowed to work on 15.12.2020.