IFSCA Issues Framework for FinTech Entity in International Financial Services Centers.
The framework proposes to cover (i) financial technology (FinTech) solutions resulting in new business models, applications, process or products in areas/activities linked to financial services regulated by IFSCA and (ii) advanced/innovative technological solutions which aid and assist activities in relation to financial products, financial services and financial institutions (TechFin)
DGFT extends the date of filing of Non-Preferential Certificate of Origin (CoO) to 1st August 2022.
The issuing agencies who do not use the Online System for issue of non-preferential CoOs after 1st August 2022 will invite penal action and can be subject to ‘delisting’ as an authorised agency. The authorised agencies are therefore required to sensitize the exporting community and their constituents regarding the online system and its registration requirements well in time. Any issues relating to the IT system and its implementation may also be brought to our notice for appropriate action.
Cabinet approves continuation of Prime Minister Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi) till December 2024.
Through the Scheme, affordable collateral-free loans are being facilitated to the Street Vendors.The proposed extension of the Scheme has been necessitated as the circumstances that led to the launch of the Scheme in June 2020 i.e. the pandemic and related stress on the small businesses, have not fully retracted.
UGC directs higher educational institutions to take active participation in implementing redesigned ATAL Faculty Development Programs.
All Indian Council of Technical Education (AICTE) Academy of Training and Learning (ATAL) Programs for Continuing Professional Development (CPDP) have been planned to provide the colleges with good knowledge of the field and associated skills and to make them understand their roles in nation building and welfare of society along with their professional development.
GSTR-1/IFF enhancements deployed on GST Portal.
Taxpayers will now be shown a table-wise consolidated summary before actual filing of GSTR-1/IFF. This consolidated summary will have a detailed & table-wise summary of the records added by the taxpayers. This will provide a complete overview of the records added in GSTR-1/IFF before actual filing.
Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) (Second Amendment) Regulations, 2022
The amendment provides following timeline for commencement of previous amendment to ICDR Regulations: (a) for public issues of a size less than ₹10,000 crore and opening on or after April 1, 2022; with effect from April 1, 2022;
(b) for public issues of a size equal to or more than ₹10,000 crore and opening on or after April 1,
2022; with effect from July 1, 2022.
CERT-In directions relating to information security practices, procedure, prevention, response and reporting of cyber incidents for Safe & Trusted Internet
Data Centres, Virtual Private Server (VPS) providers, Cloud Service providers and Virtual Private Network Service (VPN Service) providers, shall be required to register the information regarding customers which must be maintained by them for a period of 5 years.
