IRDAI notifies Categorisation and Classification of Sovereign Green Bonds
The objective of the issue of Sovereign Green Bonds (SGrBs) was to reduce the carbon intensity of the economy. It is also intended to be a measure for achieving Nationally Determined Contribution (NDC) under the Paris Climate Change Accord, 2015 connected to climate change, mitigation, adaptation, finance, and preservation of the environment. The IRDAI has listed out some benefits of SGrBs and encourages insurers to invest in them.
NSE notifies on API for daily submissions of Holding Statements and Bank Balances
The National Stock Exchange (NSE) has issued a notification regarding the Application Programming Interface (API) for daily submissions of Holding Statements and Bank Balances. The notification, inter alia, extends the date of implementation of the functionality for API for daily submission of Holding Statement and Bank Balances. The new date of implementation is 30th January, 2023.
FSSAI mandates upload of Lab Test Reports by Manufacturers, Re-packers and Re-labellers
The Food Safety and Standards Authority of India (FSSAI) issued a notification requiring manufacturers including re-packers and re-labellers to upload or link mandatory Lab Testing Report on FoSCoS. The aim of this requirement is to ensure the production and delivery of safe food. The chemical and/or microbiological testing may be carried out through the FBO’s own lab or through an NABL accredited /FSSAI notified lab.
MoF issues clarification on GST rates and classification of certain goods
The Ministry of Finance (MoF) has issued a clarification regarding the GST rates and the classification of certain goods. This clarification is issued based on the recommendations of the GST Council. The present clarification was issued on 13th January, 2023.
FSSAI permits Import of High-Risk Food Products at Specific Ports
FSSAI has considered several comments received from the stakeholders on its import control system. FSSAI seeks to create a robust import control system in the country. Hence, FSSAI has decided that the import of the specified items will be permitted through only 79 designated ports which are directly manned and managed by FSSAI
International Financial Services Centres Authority (Investment by International Financial Service Centre Insurance Office) Regulations, 2022
The International Financial Services Centres Authority (IFSCA) has issued the International Financial Services Centres Authority (Investment by International Financial Service Centre Insurance Office) Regulations, 2022. The regulations aim to create a regulatory framework and formulate processes related to investment of assets by an International Financial Service Centre Insurance Office (IIO).
