EPFO declares Productivity Linked Bonus for Employees

The Employee Provident Fund Organisation (EPFO) has issued a notification regarding the declaration of Productivity Linked Bonus (PLB) for the employees of the EPFO. The Central Government has approved the payment of the PLB for the year 2021-22 for 60 (Sixty) days in all the offices of EPFO. This is subject to a maximum of Rs. 13,816 .

RBI issues Premature Redemption Price for Premature Redemption under SGB Scheme

The Reserve Bank of India (RBI) has issued the Premature redemption under Sovereign Gold Bond (SGB) Scheme – Redemption Price for premature redemption due on 4th February, 2023. The redemption price of SGB shall be based on a simple average of the closing price of gold of 999 purity, of the week (Monday-Friday), preceding the redemption date.

Meity extends timeline for feedback on the draft amendment to the IT (Intermediary Guidelines and Digital Media Ethics Code) Rules, 2021

The Ministry of Electronics and Information Technology (Meity) has extended the timeline for feedback on its draft amendment to the IT (Intermediary Guidelines and Digital Media Ethics Code) Rules, 2021 relating to due diligence by an intermediary. In response to requests received from stakeholders, the Ministry has decided to extend the last date for receipt of comments on the said amendment till 20th February, 2023.

Electricity (Promoting Renewable Energy Through Green Energy Open Access) Amendment Rules, 2023

The Amendment Rules state that any consumer may elect to purchase green energy either up to a certain percentage of the consumption or its entire consumption. For this purposes, they may place a requisition with their distribution licensee. The distribution licensee shall procure such quantity of green energy and supply it. The consumer shall have the flexibility to give separate requisition for solar and non-solar.

NSE issues circular on excess STT collected by members

The National Stock Exchange (NSE) has issued another circular on excess Securities Transaction Tax (STT) collected by the members. ll the Members, Brokers/Sub-brokers are requested to furnish the details of such excess STT collected and retained with them for F.Y. 2020-21 and preceding years as of 31st March, 2020. These details shall be furnished directly to ‘NATIONAL STOCK EXCHANGE OF INDIA LTD’ under intimation to the office of the Vice-President of the NSE.

NSE notifies the Listing of SDLs on the capital market segment

The National Stock Exchange (NSE) has issued a notification regarding the Listing of State Development Loans (SDLs) on the capital market segment. The notification states that the list of securities shall be further admitted to dealings on the National Stock Exchange (Capital Market segment) and the designated security codes thereof shall be as specified. The notification shall come into effect from 30th January, 2023.

NSE extends timelines for Extranet Functionality

The National Stock Exchange (NSE) issued a notification enhancing the timelines in Extranet Functionality. Access to the Extranet for internet users via Internet FTP and usage of Guest login credentials was to be discontinued from 28th January, 2023. The deadline has now been extended till 18th February, 2023. This extension in timelines was granted based on the feedback from members.