Authorized Dealer Category-1 banks allowed to lend to FPIs for placing margins with CCIL
RBI has allowed banks in India having an Authorized Dealer Category-1 license under FEMA, 1999 to lend to FPIs in accordance with their credit risk management frameworks for the purpose of placing margins with CCIL in respect of settlement of transactions involving Government Securities (including Treasury Bills and State Development Loans) by the FPIs.
Second non-refundable COVID-19 advance to EPFO members
EPFO ha launched a system driven auto claim settlement process for members who completed KYC compliances. Auto-mode settlement is expected to reduce the claim cycle to three days.
ESIC fixes Annual Revenue Recovery Target for the year 2021-22
ESIC fixes All India Annual Revenue Recovery Target for the year 2021-22 as Rs.589.07 crores. The target rate for different regions/ sub-regions has also been published.
Work-from-home for nursing mothers at least for one year
Keeping in view the vulnerability of nursing mothers and their babies during the Covid-19 pandemic and to save them from getting infected by the corona virus, It has been conveyed that employers may be advised to allow work-from-home, wherever nature of work so allows , for nursing mothers at least for a period of one year from the date of birth of the child.
The Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Amendment Rules, 2021
Any amount required to be credited by the companies to the IEPF shall be remitted into the specified account of the IEPF Authority maintained in the Punjab National Bank [and the details thereof shall be furnished to the Authority in Form No. IEPF-7 within thirty days from the date of remittance.
FSSAI mandates FBOs to mention their license/ registration number on receipts/invoices on sale of food products.
Mentioning of FSSAI number shall also improve the overall awareness of FSSAI. If not mentioned it shall indicate non-compliance or non-registration by the food business.
FSSAI prohibits the blending of mustard oil with other edible oil.
The commissioner of Food safety of states/UTs and central licensing authority shall ensure physical inspection of such units by visiting their premises to check whether any prohibited blending of Mustard oil is being carried out after 8th June.
The Chhattisgarh Electricity Duty (Sanshodhan) Act, 2021.
A new section 5(2) has been inserted under Chhattisgarh Electricity Duty Act, 1949, which states that the Chief Electrical Inspector, shall issue direction to any person, officer or authority to disconnect from electric line, any such electricity generating station, against which payments of electricity duty and amounts of interest imposed thereon is due and such person, officer or authority shall be bound to comply with such directions.
ESI Provides covid-19 relief to the dependants of the insured person.
The insured persons, who fulfill the eligibility conditions, and have died due to Covid-19, their dependants will be entitled to receive monthly payment which will be 90 per cent of average daily wages of the insured person during their life.
EPFO issues circular on mandatory seeding of Aadhar Number for filing of ECR.
With effect from 1st June if an EPF account is not linked to accountholder’s Aadhaar number, then employer’s contribution won’t get credited in such EPF account. The EPFO also made it clear that employer’s EPF contribution won’t be credited those EPF account whose UAN is not Aadhaar verified.
