Labour Ministry Extends utility service status for chemical fertilizer industry

The Ministry of Labour and Employment in its Notification dated 7th November, 2019 has declared that the services rendered by the chemical fertilizer industry to be a public utility service for the purposes of the …

Central Government provides new application process to market and sell motor spirit and high speed diesel

Central Government amends the Motor Spirit and High Speed Diesel (Regulation of Supply, Distribution and Prevention of Malpractices) Order, 2005. The Clause 5 of the order is amended to alter the process of submitting application …

CBIC Issues Clarification on Restriction in Availment of Input tax credit

The Central Board of Indirect Taxes and Customs has clarified the new rules related to availing input tax credit under the GST.

Government of Haryana approves treated waste water policy for non-potable purposes

The State government of Haryana in its notification dated 30th October 2019, has published a policy on reuse of treated waste water for non-potable purposes to avoid further damage to water bodies and the environment.

Drugs and cosmetics (Thirteenth Amendment) Rules, 2019 directs manufacturers to furnish undertaking for not marketing drugs having similar brand names

The Ministry of health and family welfare, has published the Drugs and Cosmetics effective from 6th November 2019, with the object of preventing drugs of deceptively similar brand names being available in the market.

SEBI extends time for implementation of the Scheme for use of Unified Payments Interface (UPI) with Application Supported by Blocked Amount

Streamlining the Process of Public Issue of Equity Shares and convertibles- Extension of time line for implementation of Phase II of Unified Payments Interface with Application Supported by Blocked Amount.

NSE introduces XBRL based compliance filing facility for listed companies

The National Stock Exchange of India Limited vide circular dated 1st November 2019, has introduced extensible Business Reporting Language (“XBRL”) based compliance filings for Listed Companies at NSE under the SEBI (Listing Obligations and Disclosures …

Central government declares continuation of status of public utility service enjoyed by copper mining industry

The Central Government has issued a Notification dated 7th November, 2019, extending the expiry of the status of public utility service enjoyed by Copper Mining Industry for Six Months.

Government of Tamil Nadu fixes working hours for sales representatives as 8 hours per day

The State Government of Tamil Nadu has fixed the number of working hours for sales promotion employees and eight hours per day.

RBI Revises liquidity risk management guidelines for NBFCs and core investment companies

The Reserve Bank of India in its notification dated 4th November 2019, has decided to revise the guidelines on liquidity risk management for NBFCs in order to strengthen and raise the standard of asset liability …