Redemption Price for Premature redemption of Sovereign Gold Bond Scheme (SGB)
The redemption price for the premature redemption due on September 29 and 30, 2021 shall be ₹4652/- (Rupees Four thousand six hundred fifty-two only) per unit of SGB based on the simple average of closing gold price for the week September 20-24, 2021.
RBI allows use of any Alternative reference rate in place of LIBOR in export/import
In view of the impending cessation of LIBOR as a benchmark rate, it has been decided to permit AD banks to use any other widely accepted/Alternative reference rate in the currency concerned for such transactions.
Extended timeline for application of revocation of cancellation of registration under Bihar Goods and Services Tax Act, 2017
Where a registration has been cancelled and the time limit for making an application of revocation of cancellation of registration falls during the period from the 1st day of March, 2020 to 31st day of August, 2021, the time limit for making such application shall be extended upto the 30th day of September, 2021.
SEBI Board meeting proposes revised framework for AIFs and Portfolio Managers
The Board approved amendments to the SEBI (Portfolio Managers) Regulations,2020 and the SEBI (Alternative Investment Funds) Regulations, 2012, to facilitate Co-investment by investors of Alternative Investment Funds (AIF) through portfolio management route.
DGFT extends the Foreign Trade Policy till March 2022.
FTP 2015-20 introduces two new schemes, namely ‘Merchandise Exports from India Scheme (MEIS)’ for export of specified goods to specified markets and ‘Services Exports from India Scheme (SEIS)’ for increasing exports of notified services.
DGFT extends the Hand Book of Procedures till 31st March 2022.
The Objective of HBP is to implement provisions of FT (D&R) Act, Rules and Orders made thereunder and provisions of FTP (2015-20) by laying down simple, transparent and EDI compatible procedures which are user friendly and are easy to comply with and administer for efficient management of foreign trade.
Regulatory Impact Assessment (RIA) for revision of existing Accounting Standards.
NFRA noted that most of the companies to which these proposed revised standards will apply are private limited companies.
IRDAI revises the Dividend Criteria for Equity Investment under Approved Investment.
IRDAI has permitted Insurers to classify investments in Preference Shares and Equity Shares as part of “Approved Investment” if dividend is paid on such Shares “for at least 2 years out of 3 consecutive years immediately preceding ” instead of “for at least 2 consecutive years immediately preceding” (as required under Regulation 3(a)(4) and 3(a)(5) of IRDAI (Investment) Regulations, 2016) for the period from 1st October, 2021 to 31st March, 2022.
CDSCO classifies medical devices pertaining to Neurological under the provisions of Medical Devices Rules, 2017.
These medical devices are classified into risk classes of A, B and C based on the intended use, risk associated with device and other parameters as specified under the medical device rules 2017.
