Education Ministry issues guidelines regarding precautions to be observed by schools to combat the ill-effects of the heat-wave.
As per the guidelines, school bus or van should not be over-crowded and it shall not carry students more than the seating capacity. Drinking water and First Aid Kit should be available in the bus and van. Students coming to school on foot or bicycle should be advised to keep their head covered.
Revised framework to Enable Verification of Upfront Collection of Margins from Clients in Cash and Derivatives segments
It has been decided that the margin requirements to be considered for the intra-day snapshots, in derivatives segments (including commodity derivatives), shall be calculated based on the fixed Beginning of Day (BOD) margin parameters. The BOD margin parameters would include all SPAN margin parameters as well as ELM requirements.
Securities and Exchange Board of India (Collective Investment Schemes) (Amendment) Regulations, 2022
The amendment provides that no Collective Investment Management Company or a promoter of a Collective Investment Management Company, their associates or group companies, through the schemes of the Collective Investment Management Company or otherwise, individually or collectively, directly or indirectly, have Ten percent or more of the shareholding or voting rights in the Collective Investment Management Company or the trustee company of any other Collective Investment Management Company.
FBOs allowed to use new additives
Proteins and enzymes are allowed in manufacture of health supplements.
The Municipal Corporation Shimla Erection, Exhibition, Affixation of Advertisement and Hoarding Bye-laws 2020.
As per the bye-law No advertisement shall be erected, exhibited, affixed or retained upon or over any land building, wall boarding, frame, post or structure or upon in any vehicle or shall be displayed in any manner, whatsoever in any place within the Municipal area including private land and buildings without the written permission of the Commissioner granted in accordance with these bye-laws.
Ministry of Power issues Directions to generating companies under Electricity Act 2003.
All imported coal based power plants shall operate and generate power to their full capacity, where the imported coal based plant is under NCLT, the resolution professional shall take steps to make it functional.
GSTN issues advisory on reporting 6% rate in GSTR-1.
A new tax rate of 6% IGST or 3% CGST+ 3% SGST has been introduced on Fly ash bricks or fly ash aggregate with 90 per cent, Bricks of fossil meals or similar siliceous earths, Building bricks etc vide Notification dated 31st March 2022.
TRAI releases Consultation paper on Issues related to New Regulatory Framework for Broadcasting and Cable services.
According to the consultation paper, DPOs, local cable operators (LCOs) and consumer organisations approached TRAI highlighting the difficulties in implementation of the new tariff order. These included: price hike for consumers, change in the composition of offerings, the impact of easy availability of TV content on OTT (over the top platforms), issues in implementing these new rates in their systems and in migrating consumers to the new tariff regime etc.
Income-tax (Fourteenth Amendment) Rules, 2022
The amendment has revised FORM No. 3CF submitted for application for tax deduction for expenditure on scientific research.
Income–tax (Fifteenth Amendment) Rules, 2022
The amendment clarifies that permanent account number or Aadhaar number alongwith demographic information or biometric information of an individual shall be submitted to the Principal Director General of Income-tax (Systems) or Director General of Income-tax (Systems) or the person authorised by the Principal Director General of Income-tax (Systems) or Director General of Income-tax (Systems) with the approval of the Board, for the purposes of authentication of PAN or Aadhar Number.
