IRDAI notifies Insurance Regulatory and Development Authority of India (Expenses of Management of Insurers transacting life insurance business) Draft Regulations, 2022.
All insurers transacting Life insurance business, at the expiration of each financial year, shall prepare with reference to that year a Return of Expenses of Management. The Return shall be signed by the Chief Executive Officer, the Chief Financial Officer and the Chief Compliance Officer of the Insurer.
The Insurance Regulatory and Development Authority of India (Insurance Intermediaries) (Draft Amendment) Regulations, 2022.
The objective of this amendment is to enable the prospects and policyholders to have wide access in purchasing insurance in the expanding market through various distribution channels and enhancing the reach of insurance to every nook and corner of the country, thereby increase the insurance penetration.
Government of Telangana extends various welfare scheme benefits to the building & other construction workers and their dependants registered with the Telangana BOCW Welfare Board.
In order to provide benefits to the beneficiaries under the Scheme conveniently, the Board through its Implementing Authority shall make all the required arrangements to ensure that wide publicity through the media shall be given to the beneficiaries to make them aware of the said requirement.
CBIC notifies applicability of GST on liquated damages.
Agreeing to the obligation to refrain from an act or to tolerate an act or a situation, or to do an act” has been specifically declared to be a supply of service in para 5 (e) of Schedule II of CGST Act if the same constitutes a “supply” within the meaning of the Act.
Manufacturers/packers/importers of pre-packaged commodities allowed to declare the revised retail sale price (MRP) on the unsold stock prior to revision of GST
Central Government has permitted manufacturers or packers or importers of pre-packaged commodities to declare the revised retail sale price (MRP) on the unsold stock prior to revision of GST, after inclusion or reduction of applicable amount of tax, in addition to the existing MRP upto 31st January 2023 or till such date the stock is exhausted, whichever is earlier
Master Circular on Credit Facilities to Minority Communities
It mandates the setting up of special cell and designating an exclusive officer in each bank to ensure smooth flow of credit to minority communities.
Income-tax (Twenty Third Amendment) Rules, 2022
A non-deliverable forward contract” shall mean a contract for the difference between a exchange rate agreed before and the actual spot rate at maturity, with the spot rate being taken as the domestic rate or a market determined rate and such contract being settled with a single payment in a foreign currency.
Modification of Master Plan for Delhi-2021
The proposed modification to the MPD-2021 provides for Affordable Rental Housing Complexes (ARHCs) schemes, aimed at creating sustainable and affordable rental housing avenues for urban migrants and urban poor.
