Interest subvention and Prompt Repayment Incentive for Agriculture, Animal Husbandry, Dairy, and Fisheries loans extended till 31st August

RBI has decided to continue the availability of 2% IS and 3% PRI to farmers for the extended period of repayment upto August 31, 2020 or date of repayment, whichever is earlier.

SEBI further extends the timelines for regulatory filings for AIFs and VCFs

SEBI extended the due date for regulatory filings for the months ending March, April, May, and June 2020, as applicable, on or before August 07, 2020.

RBI Extended timeline for compliance with various payment system requirements

The Reserve Bank of India vide circular dated June 04, 2020, has extended timeline for compliance with various payment system requirements keeping in view the present pandemic situation.

Food Safety and Standards (prohibition and Restriction on Sales) Amendment Regulations 2011 allows the presence of less than 2% Kheshari Gram/ Dal in pulses

The Food Safety and Standards (prohibition and Restriction on Sales) Regulations 2011 allows the presence of less than 2% Kheshari Gram/ Dal in pulses as the incidental presence of same is inevitable.

IRDAI instructs insurers to cover disability, mental illness & HIV.

All insurers (Life, General, and Health Insurers) are hereby directed to formulate and publish on their respective websites the underwriting philosophy with regard to offering insurance coverage to all the persons suffering from disabilities and …

Government of Kerala issues scheme for Interest Subvention in long term loan and working capital loan for MSMEs

The State Government of Kerala has announced financial package assistance under Vyavasay Bhadratha for helping Micro Small Medium Enterprises (MSMEs). The scheme intends to provide interest subvention for 6 months for new/additional term loan and/or …

Government of Kerala announces a special relief package and provides financial assistance to aid the MSMEs sector

The State Government of Kerala in its notification dated 20th May 2020 has formulated a special relief package for assisting the MSME sector to restart their business.

Health Ministry issues guidelines for ENT practice amid COVID-19 pandemic

As per the guidelines, all patients entering the ENT OPD shall be thermally screened and use of masks, sanitizers and social distancing shall be ensured. The objective of screening is to minimize exposure to staff …

Insolvency Professionals to act as Interim Resolution Professionals, Liquidators, Resolution Professionals and Bankruptcy Trustees (Recommendation) Guidelines, 2020

The Board will prepare a common Panel of IPs for appointment as IRP, Liquidator, RP and BT and share the same with the AA (Hon’ble NCLT and Hon’ble DRT) in accordance with these Guidelines.

Government has further revised the criteria for classification of micro, small, and medium enterprises

The Ministry of Micro, Small and Medium Enterprises vide its gazette notification dated 1st June 2020 has modified criteria for classification of micro, small and medium enterprises.

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