IBBI issues standard and uniform limits for monetary penalties to be imposed by an Insolvency Professional Agencies
The circular intends to ensure that the IP agencies will have the flexibility to impose a graduated system of penalties, where minor non-compliances will result in monetary fines, and major violations will result in expulsion from the agency.
FSSAI re-operationalizes the Food Safety and Standards (Food Product Standards and Food Additives) Amendment Regulations, 2020
FSSAI is in the process of considering the public comments on the draft regulations and finalizing the same. Meanwhile, FSSAI has re-operationalized the amendment for addressing the safety issue identified in the recent quality and safety survey of commodities like milk.
ESI benefits extended to casual and contractual employees of Municipal Corporations/Council at NCT Delhi
Employees’ State Insurance Act, 1948 to be applicable to the establishments like Municipal Corporations/ Council, established
under Central/ State legislation located in the areas in the National Capital Territory of Delhi where Employees’
State Insurance Act, 1948 has already been brought into force.
ESI coverage for all employees in all the areas of Madurai district
All employees in factories or establishments in all the areas of Madurai district in the State of Tamil Nadu shall be given ESI coverage w.e.f 1st day of August, 2021.
RBI allows non-bank to participate in Centralised payment system.
Non-banks include entities like Payment System Providers (PSPs) and Non-Banking Financial Companies (NBFCs) that are regulated by Reserve Bank as also entities that are under the remit of other financial sector regulators like PFRDA, IRDAI, SEBI, etc.
IFSCA invites Public comments on the proposed International Financial Services Centres Authority (Capital Market Intermediaries) Regulations, 2021.
The proposed IFSCA (Capital Market Intermediaries) Regulations, 2021 (Intermediaries Regulations) inter alia provide for regulatory requirements in respect of registration, obligations and responsibilities, inspection and enforcement of various types of capital market intermediaries such as broker dealers, clearing members, depository participants, investment bankers, portfolio managers, investment advisers, custodians, credit rating agencies, debenture trustees and account aggregators.
Ministry of Commerce and Industry launches Secured Logistics Document Exchange platform.
The Digital initiative is now set to improve logistics efficiency, reduce logistics cost, and promote multi-modality and sustainability in a big way and this initiative have been launched to fill the gap areas where no action has yet been taken either by private players or any of the line ministries.
Ministry of Chemical and Fertilizers extends timeline for submission of applications under PLI scheme for KSMs, APIs & medical devices.
The Applicant for the purpose of the scheme shall be any proprietary Firm or Partnership firm or limited liability partnership or a company registered in India proposing to manufacture eligible products and making an application for seeking approval under the scheme.
Ministry of Chemical and Fertilizers invites application under Production Linked Incentive (PLI) Scheme for Promotion of Domestic Manufacturing of Critical Key Starting Materials in India.
The minimum annual production capacity as per scheme guidelines is 100 MT, and one applicant will be selected for the incentive as per the scheme.
