The Goa Electronic Delivery of Notices Bill, 2022.
As per the bill, a notice served in electronic form shall be deemed to have been duly served when the electronic device used for such notice clearly indicates that such notice is viewed by such person or his authorized representative.
RBI reviews Rupee Interest Rate Derivatives Directions.
Banks in India were permitted, in February 2022, to undertake transactions in the offshore Foreign Currency Settled Overnight Indexed Swap (FCS-OIS) market with non-residents and other market makers with a view to removing the segmentation between onshore and offshore OIS markets and improving the efficiency of price discovery. Standalone Primary Dealers (SPDs) are also market-makers, like banks, in the onshore OIS market. It has now been decided that SPDs authorized under section 10(1) of FEMA,1999 will also be permitted to undertake FCS-OIS transactions directly with non-residents and other market-makers. Necessary directions will be issued shortly.
Measures taken by the Government to protect the interest of investors/account holders in the bank.
The deposit insurance cover of ₹5 lakh is applicable uniformly to all insured banks and their depositors, and is payable to any depositor in respect of deposits held by him/ her in the same right and same capacity at all the branches of an insured bank taken together, in case of liquidation/ failure of a bank.
New provisions implemented through Social Security Code to enhance coverage of social security
This information was given by the Minister of State for Labour & Employment, Shri Rameswar Teli in a written reply in Lok Sabha today.
BSE mandates submission and scrutiny of identity and address proof of all the newly onboarded clients with permanent address ‘Sikkim’
The documents should be sent vide email on bse.reports@bseindia.com.
Revised Export Policy for Wheat Flour (Atta), Maida, Samolina (Rava / Sirgi)
Export of all the shipments approved by IMC shall be allowed subject to issuance of Quality Certificate by Export Inspection Council (EIC) or its EIAs at Delhi, Mumbai, Chennai and Kolkata.
Use of Indigenous 5G Test Beds made free of cost to Indian Government recognized start-ups and MSMEs
This Test Bed is providing the Indigenous capability for testing and validation of 5G products being developed and manufactured by Indian start-ups, MSME, R&D, Academia and industry users.
Classification of medical device pertaining to Rehabilitation under the provisions of Medical Devices Rules, 2017
The devices are classified into Class A and Class B based on factors such as intended use, risks associated with the device, etc.
Procedure for filing and processing refund of unutilised ITC on account of export of electricity
In case of electricity, the relevant date for filing of refund shall be the last date of the month, in which the electricity has been exported as per monthly Regional Energy Account (REA) issued by the Regional Power Committee Secretariat under CERC (Indian Electricity Grid Code) Regulations, 2010.
Commissioner of Commercial Taxes, Goa mandates penalty for transactions involving fake invoices
The clarification has been issued pursuant to ambiguities existing in number of cases where the registered persons are found to be involved in issuing fake invoices to avail and utilize input tax credit. The government has mandated strict penalty against issuing fake invoices to avail and utilize input tax credit.
