NSE cautions against the entity FX Stock Private Limited offering assured returns in stock market trading
NSE has cautioned Investors about entity named ““FX Stock Private Limited” providing assured/guaranteed returns on investment in forex market. The investors may note that for any kind of disputes relating to such prohibited schemes none of the NSE recourses will be available to investors:
NSE cautions against Algoitech Information Technologies entity offering assured returns in stock market trading
NSE has cautioned Investors about entity named “Algoitech Information Technologies” providing assured/guaranteed returns on investment in forex market. The investors may note that for any kind of disputes relating to such prohibited schemes none of the NSE recourses will be available to investors.
Modified Trade Credit Insurance Guidelines, 2021
In view of the fact that through “reverse factoring”, the financiers can take exposure on low rated or unrated buyers provided the default risk is hedged with insurers by taking Trade Credit Insurance cove, in order to facilitate “reverse factoring” transactions on TReDS platform, this modification is enacted.
IRDAI amendment to Master Guidelines on Anti-Money Laundering/Counter Financing of Terrorism (AML/CFT) 2022
Amendment states that in cases where there’s a variance between the Client Due Diligence or AML/CFT standards specified by IRDAI and those specified by insurers in the host country, foreign branches or majority-owned subsidiaries of regulated entities must adopt the more stringent of the two standards.
Prevention of Money-laundering (Maintenance of Records) Third amendment Rules, 2023
The principal officer of a reporting entity under the rules shall, on being satisfied that the transaction is suspicious, furnish the information promptly in writing by fax or by electronic mail to the Director.
Govt. of Delhi issues Advisory on Payment of Bonus
It is a statutory responsibility of the contractor to pay bonus to its employees since the contractors are their employers. The Commissioner also drew attention to the provisions of the Contract Labour (Regulation & Abolition) Act, 1970 that the principal employer bears the responsibility to ensure compliance of various labour laws by their respective contractors.
FSSAI Launches Eat Right Creativity Challenge for Millets on World Food Day 2023
The “Eat Right Creativity Challenge for Millets” nurtures creativity and also fosters a deeper understanding of the importance of millets in maintaining a healthy lifestyle. It is expected to contribute significantly to the broader goal of improving public health and nutrition across India.
FSSAI distributes Food Safety ‘Magic Boxes’ to Promote Food Safety Education among Young Students
This initiative promotes food safety education and seeks to foster a generation of informed and health-conscious individuals, as well as emphasises the importance of millets in diets. The Food Safety Magic Box is specifically designed to ignite curiosity among students and empower them to distinguish between safe and unsafe food.
Advisory on Import of Food Consignment for 100 Export/Re-export purpose
Food imported by manufacturers or processors for their captive use or for production of value-added products for 100% export/ re-export can avail the benefit of an exemption from import clearance. To do so, a declaration in form 8 must be made at the time of filing Bill of Entry (BoE) in ICEGATE.
Kerala Govt. issues Draft Notification for Allotment for Symbols to Political Parties
The Government of Kerala under State Election Commission has issued a draft notification on 13th October, 2023, allotting symbols to political parties other than national parties and state parties to contest local bodies in the state. State Election Commissioner has invited objections regarding which can be submitted in writing to the Commission Secretary till October 30, 2023.
