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
On July 10, 2024, the Rajasthan Finance Department issued the Rajasthan Stamp (Amendment) Rules, 2024, amending the 2004 rules. Key updates include:
Full Disclosure: Accurate disclosure of all relevant facts for stamp duty.
Property Valuation: Separate market rates for land and buildings.
Registering Officer: Can inspect properties and verify details.
Government Inspections: Authorized inspections with electronic devices.
Standard Form: Required for property details, becoming 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
On July 10, 2024, the Government of Assam revised the Variable Dearness Allowance (VDA) and monthly wages for various sectors, including bakeries, breweries, blacksmithing, biscuit manufacturing, the film industry, canteens, cooperative societies, petrol pumps, and private hospitals.
Important Provisions Of ESI Coming into Force in Manipur
On July 10, 2024, the Ministry of Labour and Employment extended provisions of the Employees State Insurance Act, 1948 (ESI Act) to Bishnupur, Senapati, Ukhrul, Kangpokpi, Churchandpur, and Thoubal districts in Manipur. Key sections implemented include 38-43, 45A-I, 46-73, 74, 75, and 76(2-4), 82-83. This move enhances social security for employees by providing access to medical care, maternity benefits, sickness benefits, and disablement benefits
