GSTN deploys module vise new functionalities on the GST portal for Taxpayers.

These functionalities pertain to different modules such as Registration, Returns, Advance Ruling, Payment, Refund and other miscellaneous topics. Various webinars are also conducted as well informational videos prepared on these functionalities and posted on GSTNs dedicated YouTube channel for the benefit of the stakeholders.

RBI Cautions against unauthorised forex trading platforms.

RBI cautions the public not to undertake forex transactions on unauthorised ETPs or remit/deposit money for such unauthorised transactions. Resident persons undertaking forex transactions for purposes other than those permitted under the FEMA or on ETPs not authorised by the RBI shall render themselves liable for penal action under the FEMA.

Amended Guidelines for Tariff Based Competitive Bidding Process for Procurement of Round-The Clock Power from Grid Connected Renewable Energy Power Projects

The revised bidding process provides that the bidder (called the L1 bidder) quoting the least weighted average levelised Tariff (called the L1 tariff) shall be allocated the quantum of power offered by him. If the allocated quantum of power is less than the total quantum of power to be contracted, the capacity allocation shall be on the basis of “Bucket filling” i.e. capacity quoted by L1 bidder at L1 rates shall be allocated first, then the capacity quoted by next lowest bidder (called the L2 bidder) at the rates quoted by him (called the L2 rates) shall be allocated and so on, till the tendered capacity is fully exhausted.