TRAI Clarification on ‘Tariff Plan Verification’
Any tariff may be subjected to fresh examination as per statutory mandate of the Authority on receipt of complaint of non-compliance to regulatory principles, including allegation of predatory nature of tariff by any stakeholder including TSP(s).
CBDT proposes new valuation methods for valuation of shares
Rule 11UA currently prescribes two valuation methods with respect to valuation of shares namely, Discounted Cash Flow (DCF) and Net Asset Value (NAV) method for resident investors. It is proposed to include 5 more valuation methods, available for non-resident investors, in addition to the DCF and NAV methods of valuation.
TRAI Consultation Paper on “Issues Related to Low Power Small Range FM Radio Broadcasting”
Keeping in view the request received from the stakeholder for extension of time for submission of comments on the above-mentioned consultation paper, TRAI has been decided to extend the last date for submission of comments and counter-comments up to May 22, 2023 and June 05, 2023 respectively.
National Commission for Allied and Healthcare Professions 5th (Removal of Difficulties) Order, 2023
It is clarified that all the State Governments/Union Territories shall, as soon as may be but within two year and six months from the date of commencement of the National Commission for Allied and Healthcare Professions Act, 2021, constitute State Allied and Healthcare Councils.
Competition (Amendment) Act, 2023
The new provisions provides that it shall be the duty of all officers, other employees and agents of a party which are under investigation to preserve and to produce all information, books, papers, other documents and records of, or relating to, the party which are in their custody or power to the Director General or any person authorized by it in this behalf; and to give all assistance in connection with the investigation to the Director General and to give testimony under oath.
Extension of last date to receive comments/counter comments on TRAI consultation paper on “assignment of spectrum for space based communication services”
Last date to receive written comments and counter comments on the issue rose in the consultation paper of TRAI extended to June 1 and June 15, 2023 respectively.
Cabinet approves production linked incentives scheme- 2.0 for IT hardware
Ministry of Electronics and IT on 17th May, 2023 published that Union Cabinet, chaired by Hon’ble Prime Minister Shri Narendra Modi approved production linked incentives scheme- 2.0 for IT hardware.
NSE clarification regarding modification of client codes (all segments) – delivery versus payment (dvp) reporting
In view of the circular published in April, trading members of the exchange are required to report all DVP transactions on a daily basis. This information is required to be uploaded in the extranet portal of the Exchange under prescribed format mentioned in the circular.
IRDAI task force to facilitate ease of doing kyc and allied matters using Aadhar
The task force is required to submit its report within one month from the date of this order. Hence ease of doing KYC measures shall be implemented within a month.
ESIC mandate against issuing offline extension of stay in ESI hospitals
To bring in transparency and to avoid issuing/approving offline extension of stay, the empaneled hospitals and referring/approving ESI authorities in the field are directed to mandatorily adhere to the online system of seeking and approving the extension of stay.