TRAI directs Access Providers to stop misuse of Headers and Message Templates, and curb unauthorized promotions
The Telecom Regulatory Authority of India (TRAI) has issued directions to Access Providers to stop misuse of Headers and Message Templates. It also seeks to curb unauthorized promotions using Telecom Resources. Ministry of Communications has issued a press release on both these directions. This release was issued on 15th February, 2023.
SEBI issues Master Circular on Takeover Regulations
The Securities and Exchange Board of India (SEBI) has issued a Master Circular for Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (Takeover Regulations). This Circular was issued on 16th February 2023. Master Circular for Takeover Regulations will enable stakeholders to have access to the provisions of the applicable circulars at one place.
ESI Act shall be applicable to establishments irrespective of the number of employees
The apex court Judgement dated 20.1.2023 has ordered that on and after 20.10.1989, irrespective of the number of employees working in a factory or establishment, it shall be governed by the ESI ACT.
RBI Introduces Foreign Contribution (Regulation) Act (FCRA) related transaction code in NEFT and RTGS Systems
Member banks are advised to incorporate necessary changes in their core banking / middleware solutions to capture the requisite details while forwarding the foreign donations through NEFT and RTGS systems to SBI
RBI Working Paper on Competitiveness and Determinants of Agricultural Exports
India needs to expand its trading partners by shaping alliances through bilateral and free trade agreements. There is a need to increase the value addition and product differentiation through promotion of processed and organic commodity exports. In addition to forming agri-clusters through the scheme ‘One District One Product’, there is also a need to develop organic or pesticide-free clusters through farmer producer organizations to boost the export of organic products to high-income countries.
Income-tax (Second Amendment) Rules, 2023
The Central Board of Direct Taxes (CBDT) has issued the Income-tax (Second Amendment) Rules, 2023. These Rules seek to further amend the Income-tax Rules, 1962. These Rules were issued on 14th February, 2023. These Rules were issued on 14th February, 2023.
FSSAI de-recognises and de-notifies in-house testing laboratories of FBOs
FSSAI has initiated the process of de-notification of all such laboratories. Accordingly, the Food Authority has de-notified the in-house laboratories of ‘M/s ITC Foods Pvt Ltd ’Agri Business Division – ILTD, Spices Laboratory, Guntur’ and ‘Nutralytica Research Private Limited, Nashik on 18th October, 2022.
FSSAI issues an updated list of Recognised Food Testing Laboratories
The present list includes the validity of the laboratories’ NABL accreditation, scope of testing as on 15th February, 2023 for the purpose of carrying out the analysis of food samples taken under the Food Safety and Standards Act, 2006 and Rules and Regulations made there under.
RBI introduces FCRA related transaction code in NEFT and RTGS Systems
The Reserve Bank of India (RBI) has issued a notification introducing Foreign Contribution (Regulation) Act (FCRA) related transaction code in NEFT and RTGS Systems. This notification was issued on 16th February, 2023. Member banks should incorporate necessary changes in their core banking / middleware solutions to capture the requisite details while forwarding the foreign donations through NEFT and RTGS systems to SBI. These instructions will be effective from 15th March, 2023.
RBI issues FAQs on Digital Lending Guidelines
The Reserve Bank of India (RBI) has issues Frequently Asked Questions (FAQs) on Digital Lending Guidelines. The Guidelines on Digital Lending were issued on 2nd September, 2022. The present notification lists out a total of 18 FAQs.
