SEBI enhances disclosure norms for credit rating agencies.
In order to standardize the methodology of computation and disclosure of a ‘sharp rating action’, it is clarified that CRAs shall compare two consecutive rating actions.
The Bureau of Energy Efficiency (Particulars and Manner of their Display on Labels of Light Commercial Air Conditioners) Draft Regulations, 2022.
No star label shall be affixed on a light commercial air conditioner without obtaining the prior permission of the Bureau. For the purposes of obtaining permission of the Bureau, every brand shall be registered separately, accompanied by a label security fee of one lakh rupees, payable by any acceptable electronic mode of payment: Provided that in case of small scale industry, the label security fee shall be twenty five thousand rupees only.
DGFT amends export policy of flour item under HS code 1101.
The amendment will now allow to put a restriction on the export of Wheat Flour which will ensure a curb on rising prices of wheat flour and ensure food security of the most vulnerable sections of the society.
NPPA issues circular relating to fixation of ceiling price of sodium chloride 0.45% injection.
NPPA directs all the concerned manufacturer/ marketers to furnish information relating to Price to Retailer (PTR), Moving Annual Turnover (MAT) and relevant details, together with a copy of invoices for the month of April 2022, latest by 05.09.2022 at e-mail id pricing-nppa@gov.in
Companies (Removal of Names of Companies from the Register of Companies) Second Amendment Rules, 2022
The revised STK forms include a declaration that the company is not carrying on any business or operations, as revealed after the physical verification.
SEBI norms for investment by portfolio managers in the securities of their own associates/related parties
Portfolio Manager shall invest up to a maximum of 30 percent of their client’s portfolio in the securities of their own associates/related parties. These limits shall be applicable only to direct investments by Portfolio Managers in equity and debt/hybrid securities of their own associates/related parties and not to any investments in the Mutual Funds. Portfolio Manager may make investments in the securities of its related parties or its associates only after obtaining the prior consent of the client.
Issuance of Debit Cards by IFSC Banking Units (IBUs).
IBUs may issue Debit cards to their customers holding a Current or Savings account with them. Withdrawal of cash in IFSC, using Debit cards issued by IBUs, is not permitted. Withdrawal of cash using Debit cards issued by IBUs, in jurisdictions outside IFSC, is permitted subject to the rules and regulations of the said jurisdiction. All other transactions including making online payments, undertaking PoS transactions, funds transfer etc. using Debit cards issued by IBUs is permitted
FSSAI issues circular regarding payment of application fee for endorsement of Vegan logo.
It is clarified that no physical cheque or demand drafts will be accepted by the food authority. The Food Business Operators (FBOs) desirous of applying for endorsement of vegan logo are directed to submit the application fee of Rs. 5,000/- (excluding GST) through online e-payment portal.
The Hydrogen Peroxide (Quality Control) Order, 2022.
As per the order, Hydrogen peroxide shall conform to the India standard of IS 2080: 2021 and shall bear the Standard Mark under a licence from the Bureau of Indian Standards as per Scheme-I of Schedule-II of the Bureau of Indian Standards (Conformity Assessment) Regulations, 2018.
National Cancer Grid (NCG) Establishes New Centre for Digital Oncology to improve Cancer Care using Digital Technologies.
The National Cancer Grid (NCG) is an initiative of the Government of India through the Department of Atomic Energy and its grant-in-aid institution, the Tata Memorial Centre, to create a network of cancer centres, research institutes, patient groups and charitable institutions across India with the objective of developing uniform standards of patient care for prevention, diagnosis, and treatment of cancer.
