DGFT amends Handbook of Procedures 2015-2020 for implementation of all Policy Relaxation Committee decisions
DGFT has amended the Handbook of Procedures 2015-2020 to implement the previous decisions of PRC involving process of levying Composition Fee in case of extension of Export Obligation Period (BOP) and/or regularization of exports already made under Advance Authorization Scheme, for ease of doing business and reduction of transaction cost.
MEITY launches Grievance Appellate Committee (GAC) as per Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Rules, 2021
The intermediaries can file an appeal with the GACs within a period of 30 days from the date of receipt of communication from the intermediary’s Grievance Officer.
RBI compendium on Business Continuity Measures to tackle pandemic
More than one hundred measures, both conventional and unconventional, were undertaken during the period. The effort was to be proactive and innovative, while remaining on guard to preserve financial stability.
All general and health insurers to offer a specific cover for Persons with Disabilities (PWD), HIV/AIDS or mental illness
The insurers are directed to put in place a Board approved underwriting policy that ensures that no proposal from is denied for reason of disabilities (PWD), HIV/AIDS or mental illness.
Draft Quality of Service (Code of Practice for Metering and Billing Accuracy) Regulations, 2023
The Regulations create a Code of Practice for metering and billing accuracy. The regulations, amongst other provisions, also provide for the appointment of auditor for audit of metering and billing systems. The Regulations set forth the process of audit of metering and billing systems and Licensed Service Areas.
RBI releases Compendium on Business Continuity Measures during the COVID-19 Pandemic
This compendium on Business Continuity Measures was released on 17th February, 2023. It was released at the annual conference of the Corporate Strategy and Budget Department of the RBI.
RBI releases ‘Quarterly Statistics on Deposits and Credit of SCBs: December 2022’
The quaterly statistics, inter alia, observe that the bank credit growth was 16.8 per cent in December 2022 as compared with 17.2 per cent a quarter ago and 8.4 per cent a year ago. Growth in credit was led by bank branches in metropolitan centres, accounting for nearly 60 per cent of the total credit by SCBs. There was 17.2 per cent rise in lending; urban, semi-urban and rural centres also recorded double digit credit growth.
NSE publicises notice of ‘Terrorist and Terrorist Organisations’ under the Unlawful Activities (Prevention) Act, 1967
The National Stock Exchange of India Limited (NSE) has published a Circular giving notice of 1 individual and 2 organisations, which have been declared as ‘Terrorist and Terrorist Organisations’. All of the above declarations were issued on 17th February, 2023.
NSE cautions on dealing with Unsolicited Videos and Messages on Social Media
It has been decided that based on the unusual price, volume variation, trading concentration and/or other factors, erring scrips may be shortlisted for surveillance action similar to GSM stage IV. Trading members are also advised to monitor unusual trading pattern by any of their clients, and/or group of clients having significant selling, trading, dealing concentration in relation to circulation of such videos and/or messages.
Introduction of API Facility in NCMS FO for clearing members
The API Facility in NCMS FO is being released in live environment with effect from February 27, 2023.
