Empowering Gujarat: Leading the Charge in AI and Digital Innovation
Gujarat is gearing up to emerge as a frontrunner in the digital economy, propelled by a strategic partnership with Intel Corporation. This collaboration marks a significant stride towards positioning the state as a hub of innovation and investment in artificial intelligence (AI) and digital technology.
Advancing Public Health: Launching E-Health at Kottayam General Hospital
As a significant step towards enhancing healthcare accessibility, Kottayam General Hospital is set to launch its e-health initiative. The inauguration ceremony is scheduled for Friday, July 12, with Trivandrum MLA presiding over the event. The district panchayat president will chair the proceedings, highlighting the collaborative effort to bring modern healthcare solutions to the community. This notification […]
Advancements in Workplace Amenities: Updates to Tamil Nadu’s Shops Act
In a significant move towards improving workplace conditions, the Tamil Nadu state government has implemented amendments to the Tamil Nadu Shops and Establishments Act, effective July 2.
IFSCA expands scope of LRS transaction
Authorised Persons may facilitate remittances for all permissible purposes under LRS to IFSCs for Availing financial services or financial products as per the International Financial Services Centres Authority Act, 2019 within IFSCs.
IFSCA Public Consultation on proposed amendments to IFSCA (Registration of Insurance Business) Regulations, 2021
The draft International Financial Services Centers Authority (Registration of Insurance Business) (Amendment) Regulations, 2024 provides that at the time of making the application, the applicant shall opt for category under which it intends to participate in reinsurance business emanating from the DTA.
IFSC Banking Units permitted to participate in the synthetic securitization program of Parent bank
IBU shall notify the Authority before the exposures of the IBU are incorporated in the Parent bank’s program for synthetic securitisation.
Rajasthan Finance Department Notifies New Stamp (Amendment) Rules 2024
The finance department of Rajasthan on July 10th ,2024, issued the Rajasthan Stamp (Amendment) Rules 2024, to further amend the Rajasthan Stamp Rules 2004. The new rile states
Full Disclosure: Any document subject to stamp duty must truthfully disclose all relevant facts affecting how much duty should be paid.
Property Valuation: When valuing immovable properties, we consider the separate values of the land itself and any buildings on it, using their respective market rates.
Role of Registering Officer: The officer in charge of registering documents can check the accuracy of property details mentioned in the document. They may inspect the property or send someone else to do so.
Government Inspections: The State Government can authorize officials or others to inspect properties to verify their details for stamp duty purposes. They can specify how inspections are done, including using electronic devices.
Standard Information Form: The Government can require a standard form to be filled out with specific details about the property. When filled out correctly, this form becomes part of the official document.
Rajasthan Finance Department Issues New Registration (Amendment) Rules 2024
The Finance Department of Rajasthan on July 10 , 2024, issued the Rajasthan (Amendment) Rules, 2024 to further amend the Rajasthan Registration Rules, 1955. As per the new rules – Rajasthan Registration (Amendment) Rules 2024
Rule 181 says that, when a court or authority orders the cancellation or correction of a registered document, they send a copy of the order to the registering office where it was originally registered. The registering officer then makes a note on the document itself, stating who issued the order, the date, and details of the parties involved. They also update their records to reflect these changes in the registration index.
Revised Minimum Wages to Employees/Workers in Assam
The Government of Assam, Labour Welfare Department issued a notification on 10th July 2024, regarding the revised rates of VDA (Variable Dearness Allowance) and the Wages per month payable to employees in the following categories of employments which include, Employment in Bakery, Breweries and Distillery, Black Smith, Biscuit Manufacturing, Film (Production, Distribution and Exhibition) Industry, Canteen & Clubbing, Cooperative consumer societies, Petrol Pump workers, Private Hospital workers and much more.
Important Provisions Of ESI Coming into Force in Manipur
On July 10, 2024 the Ministry of Labour and Employment issued a notification regarding the implementation of provisions under the Employees State Insurance Act, 1948 (ESI Act) in certain districts of Manipur namely , Bishnupur, Senapati, Ukhrul, Kangpokpi, Churchandpur and Thoubal. This development marks a crucial step towards enhancing social security measures for employees in the region. The provisions include:
Sections 38 to 43
Sections 45A, 45AA, 45B, 45C, 45D, 45E, 45F, 45G, 45H, and 45I
Sections 46 to 73
Section 74 and Section 75
Sub-sections (2) to (4) of Section 76
Section 82 and Section 83
This implementation is expected to significantly benefit employees in these districts by ensuring they have access to essential healthcare and financial support during times of need. The provisions include regulations on benefits such as medical care, maternity benefits, sickness benefits, and disablement benefits, among others.
