Maharashtra Government’s Initiative: Adding Perspective to the 2024 Amendment
The Government of Maharashtra has deemed it necessary to swiftly amend the Maharashtra State Tax on Professions, Trades, Callings, and Employments Rules, 1975. Given the urgency, the requirement for prior publication is waived under the relevant legislation.
Objectives of the Letter Issued by the Government of Haryana
Pursuant to the Government of India, Ministry of Law and Justice (Legal Department) Gazette Notification No. 50 of December 28, 2016, the reservation of the Persons with Disability (PWD) quota has been enhanced.
Amendment to Karnataka Goods and Services Tax Act, 2017
The notification is an amendment to the Karnataka Goods and Services Tax Act, 2017, by the Government of Karnataka. It is a legal proclamation signifying the change in the effective date from the 1st day of April, 2024 to the 15th day of May, 2024, of a previous notification, thereby impacting the application of goods and services taxation in the state.
Foreign Exchange Management (Mode of Payment and Reporting of Non Debt Instruments) (Amendment) Regulations, 2024
The Authorised Dealer Category I banks shall report to the Reserve Bank in Form LEC (FII) the purchase / transfer of equity instruments by FPIs on the stock exchanges in India.
TRAI releases Recommendations on ‘Telecommunication Infrastructure Sharing, Spectrum Sharing, and Spectrum Leasing’
At present only spectrum trading and intra-band spectrum sharing are permitted in the country. For a more efficient utilization of the scarce spectrum, the TRAI has recommended that spectrum leasing and inter-band spectrum sharing should also be permitted. Implementation of these recommendations will enable telecom service providers to provide better quality of service and wider coverage of telecommunication services. Further, the recommendations for exploring the possibility of implementing authorized shared access (ASA) technique-based spectrum sharing are aimed at further strengthening the efficient and effective utilization of the scarce resource.
SEBI has removed the requirement to publish text on Contract Note with respect to Fit and Proper status of shareholders
In lieu of text only a reference of the applicable regulation with regard to fit and proper status of shareholders needs to be made part of the contract note.
RBI cautions against unauthorized foreign exchange transactions
There is a need for greater vigilance to prevent the misuse of banking channels in facilitating unauthorised forex trading. AD Cat-I banks are, therefore, advised to be more vigilant and exercise greater caution in this regard. As and when AD Cat-I banks come across an account being used to facilitate unauthorised forex trading, they shall report the same to the Directorate of Enforcement, Government of India, for further action, as deemed fit.
Approval of Detailed Procedure for Security Constrained Unit Commitment(SCUC), Unit Shut Down (USD) and Security Constrained Economic Despatch(SCED) at Regional Level
These detailed guidelines provide a clear framework for the NLDC to operate the power grid efficiently and reliably. They consider both economic factors (minimizing generation costs) and security aspects (ensuring grid stability). CERC reviewed the proposed procedures and implemented some changes before granting approval.
Deadline Extended for Feedback on PM-Surya Ghar Rooftop Solar Scheme
MNRE had released the draft guidelines for the scheme on April16, 2024. In response to requests from stakeholders, the deadline for submitting feedback has been extended to April 30, 2024.
Portal For NBEMS Credential Verification
The Credential Verification Online Portal (CVOP) is an online platform accessible through the NBEMS website. Organizations like employers, public authorities, and credential verification agencies can use the CVOP to submit verification requests for NBEMS-issued credentials. Candidates seeking verification of their NBEMS credentials will need to pay the required fee through the NBEMS Miscellaneous Fee Payment Portal before the organization can submit a verification request on their behalf.
