Caution to Public against Dealing with Unauthorized Entities in IFSC
The investors and the general public are cautioned against dealing with any unauthorized entities in the IFSC. Any person dealing with entities in the IFSC for any financial services should ensure that such entity is regulated by IFSCA for carrying out permissible activities in the IFSC.
IFSCA Banking Handbook – Conditions for opening a Global Administrative Office (GAO) and Representative Office (RO)
The amendment provides that the firms operating a representative office (RO) or a Global Administrative Office in an IFSC shall maintain Banking company’s track record in complying with Anti-Money laundering/Combating the financing of terrorism (AML/CFT) guidelines in its home jurisdiction.
Tax Information Exchange Agreement between Republic of India and Saint Vincent and the Grenadines
The agreement, outlined in various articles, is designed to promote the exchange of information relevant to the administration and enforcement of domestic tax laws in both India and Saint Vincent and the Grenadines. This exchange encompasses information necessary for determining, assessing, and collecting taxes, as well as recovering and enforcing tax claims, or investigating and prosecuting tax matters. Both competent authorities from the contracting parties are committed to assisting each other in the collection of tax claims.
Centre extends date for inviting fresh applications under PLI Scheme for Textiles
Ministry has now decided to extend the date of inviting fresh applications under the Scheme upto 31stDecember 2023.
UGC celebrates Fit India Week
The Higher Education Institutions are requested to encourage students and staff participate in the Fit India Week and make this programme a grand success. Further, details will be available in the Fit India Portal from the 1st week of November, 2023 and the HEIs are also advised to upload their programmes and activities on Ministry’s Portal: www.fitindiahe-education.gov.in.
Facility of Systematic Lump sum Withdrawal (SLW) for NPS Subscribers
It has been proposed to provide the option of phased withdrawal of the lump sum through the Systematic Lump Sum Withdrawal (SLW) facility. The subscribers are allowed to withdraw up to 60% of their pension corpus, through the SLW on a periodical basis viz. monthly, quarterly, half-yearly or annually for a period till 75 years of age as per the choice at the time of their normal exit.
FSSAI to monitor activities of Temporary Food Businesses during Festivities
The Food Safety and Standards Authority of India (FSSAI) has issued an advisory urging all Food Business Operators (FBOs) carrying out business activities during festivities to obtain FSSAI registration/ licence and comply with hygiene standards. For ease of application processes, the FSSAI has a mobile application called ‘Food Safety Connect’. A user manual to the app has also been provided by FSSAI.
FSSAI approves Use of “RAFT Logo” on Food Testing Kits and Equipment
This updated order aims to streamline the use of RAFT kits, equipment, and methods, ensuring transparency and consistency in food testing and surveillance procedures. It provides a clear framework for the use of the “RAFT Logo” and the mandatory disclaimer for kits that test specific parameters within a range.
FSSAI introduces New Guidelines for RAFT Scheme Applications
The new guidelines provide detailed instructions for manufacturers and method developers wishing to apply for RAFT approval. These guidelines aim to streamline the application process for the RAFT Scheme, ensuring that manufacturers and method developers adhere to strict standards and procedures for food testing and surveillance in India.
DCI announces Revised BDS Course Counseling Schedule and Data Upload Deadlines
The Dental Council of India (DCI) has instructed dental college authorities to upload the details of students admitted to the BDS course for the academic session 2023-24 on the DCI Website on or before the last date of joining, i.e., 15th November 2023, at 12:00 midnight. Any claims of admission made after 12:00 midnight on November 15, 2023, will be subject to legal actions under the prescribed laws.
