Karnataka Government Extends Exemption for IT/ITES and Knowledge-Based Industries
In a recent development aimed at fostering growth and flexibility in Karnataka’s burgeoning IT/ITES and knowledge-based industries, the state government has extended the exemption from the Industrial Employment (Standing Orders) Act, 1946.
Revolutionizing General Insurance in India: A Customer-Centric Approach
In a groundbreaking move, the Insurance Regulatory and Development Authority of India (IRDAI) has unveiled a comprehensive Master Circular, signaling a new era in the general insurance landscape. With the abolition of tariffs and the introduction of simplified policy wordings, the focus has shifted towards enhancing customer experience and operational efficiency for insurers.
Finance Ministry Update: New Interest Rates for Non-Government Funds
The Ministry of Finance, Department of Economic Affairs, New Delhi, issued a significant notification on June 10, 2024. This notification concerns the adjustment of interest rates for deposits under the Special Deposit Scheme for Non-Government Provident, Superannuation, and Gratuity Funds. Effective from April 1, 2024, to June 30, 2024, the interest rate has been revised to 7.1%.
Deciphering the Consumer Price Index: Industrial Workers’ Perspective (February-April 2024)
The Ministry of Labour and Employment, through the Labour Bureau, regularly compiles the Consumer Price Index for Industrial Workers (CPI-IW), providing crucial insights into the economic landscape.
Government Notice: Early Closure for Jamai Shasthi Celebration
In a recent directive from the Finance Department (Audit Branch) of the Government of West Bengal, it has been announced that various governmental entities will be closing early on June 12th, 2024 (Wednesday). This closure, scheduled for 2.00 PM, applies to all state government offices, local bodies, statutory bodies, boards, corporations, undertakings, and educational institutions under government purview.
Statement on Developmental and Regulatory Policies
RBI has issued Statement on Developmental and Regulatory Policies. This Statement sets out various developmental and regulatory policy measures relating to (i) Regulations; and (ii) Payment Systems and FinTech.
RBI announces HaRBInger 2024 – Innovation for Transformation
Registration for HaRBInger 2024 starts from June 07, 2024. More details about the event are available at link.
BSE announces discontinuation of usage of pool accounts for transactions in units of mutual funds on BSE StAR MF Platform
BSE announces discontinuation of usage of pool accounts for transactions in units of mutual funds on BSE StAR MF Platform. Currently, bank account no. are mandatory for placing Redemption orders/SWP Registrations in Demat as well as Non-Demat mode on BSE StAR MF Platform. Members are requested to note that Bank Account No. will be made optional for Redemption Order and SWP Registration in Non-Demat Mode on BSE StAR MF platform.
Guidelines on Public self-Disclosure by Higher Education Institutions, 2024
Higher Education Institutions are required to maintain a functional website to provide relevant information to stakeholders. The information disclosed on the website should be easily accessible to everyone without any need for registration or login. Additionally, there should be a ‘search’ facility available for easy navigation.
Seed Import To Get Easier In India
Previously, seeds of coarse cereals, pulses, oilseeds, fodder plants, and fruit species could only be imported based on the recommendations of EXIM Committee of Department of Agriculture, Cooperation & Farmers Welfare (DAC&FW). Now, by the present amendment order, the Ministry of Agriculture and Farmers’ Welfare has eliminated this requirement.
