BIS formulates performance standards for Electric Vehicle Batteries.

Electric vehicles are vehicles that operate on electric motor and rechargeable batteries. Over the past decade, Electric vehicles have grown in terms of visibility and availability in the market. For safety of consumer, reliability and safety, Energy storage systems become critical part of any EV. Most of the EVs use Lithium-ion batteries because of its high power to weight ratio.

Master Direction on Outsourcing of IT Services

Comments / feedback from REs and other stakeholders may be submitted by July 22, 2022 through email with the subject line ‘Feedback on Master Direction on Outsourcing of IT Services’. The final Master Direction shall be issued by Reserve Bank after considering the feedback received.

CBDT extends applicability of safe harbour provision

Rule 10 TD prescribes a list of eligible international transactions where the transfer price declared by the assessee shall be required to be accepted by the Income-tax Authorities. Now, following the amendment, the safe harbour provision can be availed until 2022-23.