New Recruitment Rules for Medical Device Regulatory Positions

The rules specify the number, classification, and pay level for various medical device regulatory positions. The method of recruitment, age limit, qualifications, and other eligibility criteria for each post are also outlined. Existing employees in relevant positions will be deemed to have been appointed under these new rules.

India Opens Up Offshore Areas for Mineral Exploration

The Indian government has announced the availability of several offshore blocks for mineral exploration and production. The blocks, spread across the Arabian Sea and the Bay of Bengal, are rich in various minerals, including Construction Sand, Lime Mud and Polymetallic Nodules and Crusts.

CEA Provides Key Feedback on CERC’s New Draft Amendments for Electricity Trading

The Central Electricity Authority (CEA) has submitted its comments on the Draft Order in Suo-Motu Petition No. 8/SM/2024 issued by the Central Electricity Regulatory Commission (CERC) on October 4, 2024.
Overall, the CEA’s comments emphasize the need for standardized contracts, increased transparency, and improved competition in the short-term power market.

SEBI advisory on communication with SEBI Officials

All registered intermediaries/regulated entities are advised to implement measures requiring approval/clarification from SEBI only upon receipt of explicit written approval or written clarification or communication from SEBI.

CBDT Notifies Amendments in Income-tax Rules for Ease in Claiming Credit for TCS Collected/TDS Deducted for Salaried Employees and Enabling claiming TCS Credit of Minors in the Hands of Parents

CBDT Notification dated 15.10.2024 has amended the Income-tax Rules, 1962 introducing Form No. 12BAA as the prescribed statement of particulars. Employees must provide these particulars to their employers, who are responsible for making payments. The employer, in turn, shall deduct TDS on salary after taking into account the furnished particulars.