Ministry of AYUSH issues a Call for Papers on Special Issue of JDRAS on “Millets- The Nutri-cereals”

To commemorate the International Year of Millets and identify potential research gaps and future avenues, Central Council for Research in Ayurvedic Sciences (CCRAS) will be publishing a special issue of JDRAS on “Millets: The Nutri-cereals.” The special issue is scheduled for release on Ayurveda Day 2023. The Journal invites research papers, reviews, short communications, perspectives, book reviews, and systematic reviews.

Income-tax (Eighth Amendment) Rules

Any movable property, being equity shares, of a public sector company or a company, received by a person from a public sector company or the Central Government or any State Government under strategic disinvestment is exempted from being reported under the title income from other sources while filing Annual Income Tax return.

RBI revises Scope of Trade Receivables Discounting System

Insurance facility will now be permitted on TReDS. This will encourage financing / discounting of payables of buyers irrespective of their credit ratings. Accordingly, insurance companies will be permitted to participate as a “fourth participant” on TReDS, apart from the MSME sellers, buyers and financiers.

All entities / institutions eligible to undertake factoring business under the Factoring Regulation Act will be permitted to participate as financiers in TReDS.

Secondary market operations will now be enabled on TReDS platforms. This would allow financiers to offload their existing portfolio to other financiers within the same TReDS platform, if required.

RBI updates Alert List of unauthorized forex trading platforms

RBI has updated the Alert List of unauthorized forex trading platforms. The Alert List contains names of entities which are neither authorized to deal in forex under the Foreign Exchange Management Act, 1999 (FEMA) nor authorized to operate electronic trading platform (ETP) for forex transactions under the Electronic Trading Platforms (Reserve Bank) Directions, 2018.

BIS withdraws 24 Indian Standards

These Indian Standards range from a period from 1971 to 1998. Pertinently, all the 24 Indian Standards stand withdrawn from 29th May, 2023.