FAQs on Registration of a Finance Company/ Finance Unit

These conditions shall not apply to an applicant intending to undertake activity of a Global / Regional Corporate Treasury Centre as a Finance Unit. The FAQ also provides clarifications regarding constitution, operations and group structure of FUs.

IFSCA FAQ on International Financial Services Centres Authority (Anti Money Laundering, Counter-Terrorist Financing And Know Your Customer) Guidelines, 2022

The regulations shall be applicable to every Regulated Entity (RE) which is licensed, recognized, registered by International Financial Services Centres Authority (IFSCA) and also to the Regulated Entities authorized by it, to the extent specified. The provisions of the Guidelines shall also apply to the Financial Group of the Regulated Entity.

Karnataka Government Amends Compulsory Service Rules For Medical Graduates

The amendments include adding definitions for exemption and salary, establishing a Grievance Committee, detailing the process for assigning candidates to compulsory service, prioritizing candidates during counseling, and outlining computerized counseling procedures. The Competent Authority may grant permission for higher studies upon submitting an affidavit committing to the remaining part of compulsory service.

Jharkhand Government Updates On Vehicles Registration under Bharat (BH) Series.

The Jharkhand Government issue guidelines on new BH (Bharat) Series or BH Number Plate Registration for non-transport vehicle registration, aimed at facilitating vehicle transfers across India. Private companies must submit Form 60 for registration, while employees must provide an official identity card or service certificate. Toll payments are required for registration, and owners must inform the registration officer of their residence within 30 days. Registration is optional and comes into effect from the Jharkhand Gazette.

Chhattisgarh Government Amends Chhattisgarh (AYUSH) Service Recruitment Rules, 2022

The Chhattisgarh government has amended the Chhattisgarh Health and Family Welfare and Medical Education Department’s Service Recruitment Rules, 2022, to include the recruitment of District AYUSH Officers with a pay scale of 67300 213100 (Level-13). The changes require 80% Ayurveda Medical Officers, 15% Homoeopathy Medical Officers, and 5% Unani Medical Officers. Educational qualifications include a graduate degree, internship, and five years of working experience in government institutions.

Government Monitors Wheat Prices To Prevent Hoarding Of Stocks

The Department of Food and Public Distribution is closely monitoring wheat prices to ensure market stability and prevent hoarding. As of January 1, 2024, wheat stocks were well above the prescribed buffer norm. Currently, there are no plans to alter import duties on wheat.