Tamil Nadu Government’s Finance Department Unveils Latest Updates for Fiscal Progress
Notice is hereby given for the general awareness that the outstanding balance of the 9.65% Tamil Nadu State Development Loan (SDL), 2024, issued pursuant to the Government of Tamil Nadu, Finance Department Notification No.262(L)/W&M-II/2014, dated March 07, 2014, will be repaid at its nominal value on March 12, 2024, along with accrued interest up to and including March 11, 2024. In the event of a public holiday declared by any State Government on the mentioned date under the Negotiable Instruments Act, 1881, repayment will be processed by the relevant offices in that State on the preceding working day.
Chief Minister of Telangana held a review meeting on the possibility of scrapping GO 46
Telangana Government officials, under the leadership of the Chief Minister, recently held a meeting to discuss the possibility of revoking Government Order (GO) number 46. The fruitful discussion included the presentation of various suggestions to the Chief Minister concerning the issuance of fresh notifications to fill job vacancies. This move aims to streamline the recruitment process further, particularly for positions where the selection process has already been completed based on previous notifications.
West Bengal Government issued order regarding declaration of Professional Tax Website
In the exercise of the authority vested in me pursuant to clause (0) of rule 2 of the West Bengal State Tax on Professionals, Trades, Callings and Employment Rules, 1979 (hereafter referred to as the aforementioned rules), I hereby designate that, alongside the website specified in clause (0) of rule 2 of the said Rules, https://www.wbprofessiontax.gov.in/ shall also be considered as a designated website under the said rules.
“Latest Revisions in Variable Dearness Allowance by Kerala Labour and Skills Department”
Government of Kerala after considering the objections and suggestions received on the draft proposals published as notification No.LBRD-E1/112/2022-LBRD. dated 3rd April, 2023 in the Kerala Gazette Extraordinary No.1315 dated 11th April, 2023 as required under clause (b) of the said Act and in consultation with the Minimum Wages Advisory Board constituted under the said Act, hereby revise the minimum rates of wages payable to the classes of employees employed in the Coir Industry sector in the State of Kerala, as specified in the schedule annexed hereto and fix the date of publication of this notification in the Gazette as the date from which the revised rates shall come into force.
Exposure Draft of Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests and Allied Matters of Insurers) Regulations, 2024
One of the key features of the proposed regulations is its division into two distinct parts. Part A addresses provisions concerning the protection of policyholders’ interests, while Part B deals with operational and allied matters of insurers. This organizational structure aims to provide clarity and facilitate better compliance for stakeholders.
IRDAI (Bima Sugam – Insurance Electronic Marketplace) Regulations, 2024
All the stakeholders are requested to forward their comments / suggestions, if any, on the proposed regulations in the attached format (Annexure- B) on or before 5:00 PM on 4th March, 2024 to sageena@irdai.gov.in with a copy to keshav@irdai.gov.in.
Draft on Insurance Regulatory and Development Authority of India (Actuarial, Finance and Investment Functions of insurers) Regulations, 2024
The main objective of the proposed draft regulations is to ensure that sound and responsive management practices are in place for effective discharge of actuarial, finance and investment functions and analysis, covering the areas including but not limited to the valuation of assets and liabilities, regulatory reporting, bonus distribution, asset-liability management, solvency, investment and risk management. It will also enable insurers to promote ease of doing business, to improve insurance penetration and to enhance the protection of policyholders’ interest.
Social Security Agreement between Republic Of India and Federative Republic of Brazil
The employees of one country deputed by their employers to the other country on short term assignment are exempted from Social Security contribution in that country up to a period of 36 months. However, such exemption can be availed on the basis Of” Certificate of Coverage” (COC).
