UIDAI notifies multiple ways to establish veracity of aadhar.
UIDAI recommends verifying ‘Aadhaar’ as an additional check for residents, for instance, at the time of hiring an employee, domestic worker, driver or renting out to a tenant. The general public can also verify another person’s Aadhaar as a part of the background check at any point of time.
RBI has decided to increase the cash reserve ratio.
CRR is a percentage of a bank’s total deposits that it needs to maintain as liquid cash. By making changes in the CRR rate, RBI is able to keep inflation at its desired level and control and monitor money flow in the banking system.
Higher educational institutions may consider conducting MPhil/PhD viva voce examination through offline/vedio-conferencing.
As per the guidelines, “the universities may conduct PhD and MPhil viva-voce examinations through video-conferencing using Google, Skype, Microsoft Technologies or any other reliable and mutually convenient technology, subject to the approval of the concerned statutory authority of the university, in compliance to regulations regarding award of MPhil, PhD degree.”
RBI relaxes compliances for NBFCs
RBI relaxes compliances for Non-profit NBFCs.
Companies (Share Capital and Debentures) Amendment Rules, 2022
The amendment has revised Form No.SH-4 used for reporting transfer of shares.
Government of Goa has enhanced the wage rate under the Mahatma Gandhi National Rural Employment Guarantee Act, 2005 (MGNREGA).
The mandate of the Act is to provide at least 100 days of guaranteed wage employment in a financial year to every rural household whose adult members volunteer to do unskilled manual work. The Act incentivises States to provide employment, as 100 per cent of the unskilled labour cost and 75% of the material cost of the programme is borne by the Centre.
Goa Legal Metrology (Draft Amendment) Rules, 2021.
the government has also proposed a hike in verification fees for measuring tapes, weighing instruments of high accuracy class and special accuracy both mechanical and electronics class. Fees of all measuring instruments such as clinical thermometer, taxi and auto meters, etc, are also set to increase.
FSSAI issues SOP for central licensing authority to review third party audit reports.
If the audit is not done for previous year, then an improvement notice may be issued by the CLA and if the TPA is pending only for the current year then a reminder may be sent to the FBO to complete the Audit at the earliest (timeline 1st reminder in October and 2nd reminder in January)
RBI issues notification on Review of Minimum Investment Grade Credit Ratings for Deposits of NBFCs.
As per the earlier notification dated in 2016, non-banking finance companies with net owned funds of 25 lakh rupees and above need to obtain a minimum investment grade or other specified credit ratings for fixed deposits from any one of the approved credit rating agencies at least once a year to accept public deposits.
DGFT extends due date for import of de-oiled GM soya cake
For import of remaining Quantities of 5.5 Lakh MTs allowed as per notification dated 24.08.2021, the last date of imports is extended to 30th September 2022. Strict monitoring of import quantity shall be ensured by Department of Animal Husbandry and Dairying (DAH&D) so that the mandated quantity is not breached.
