IRDAI clarification regarding Reinsurance Treaty Agreements covering Fire and Engineering Lines of Business
The Authority hereby advises all Non-life insurers and reinsurers to ensure that IIB published broad-occupancy market average burning costs rates for Fire and Engineering risks are not embedded as minimum rates within Reinsurance Treaty Agreements applying to the Indian Market for the risks commencing on and after 1st April 2023.
NPCI clarification regarding Account Verification Service and GST on Interchange Fees
NPCI submits claim letters to respective government entities on a monthly/quarterly basis. The department after scrutinizing the claim letters remits consolidated amount to NPCI (Switching Fees of NPCI along and Interchange Fees of the destination banks after deduction of TDS on GST or Income Tax if applicable). The amount thus received by NPCI is then distributed to the destination banks accordingly.
Revised standards for Digital Television Receiver for Satellite Broadcast Transmission
Revised standards for Digital Television Receiver for Satellite Broadcast Transmission which were established on December 21, 2022.
List of Agencies Authorized to issue Certificate of Origin (Preferential)
The list contains agencies authorized to issue Preferential Certificate of Origin (COO) for India’s exports under the India-Australia Economic Cooperation and Trade Agreement (Ind-Aus ECTA).
Master Direction – Opening and Maintenance of Rupee/Foreign Currency Vostro Accounts of Non-resident Exchange Houses
The directions relating to the Opening and Maintenance of Rupee/ Foreign Currency Vostro Accounts of Non-resident Exchange Houses in India are being issued in a consolidated form through the Master Direction.
IBBI issues Proforma for reporting liquidator’s decision(s) different from the advice of Stakeholders’ Consultation Committee (SCC)
Where the liquidator takes a decision different from the advice given by the consultation committee, he shall record the
reasons for the same in writing and submit the records relating to the said decision, to the Adjudicating Authority and to the Board within five days of the said decision; and include it in the next progress report.
Guidelines for International Arrivals
All travellers should preferably be fully vaccinated as per the approved primary schedule of vaccination against COVID-19 in their Country.
Central Government extends the due date for commencement of Quality Control orders
Central Government extends the due date for commencement of Toluene (Quality Control) Order, 2021 & Refrigerating Appliances (Quality Control) Order, 2020.
