DGFT extends the date of filing of Non-Preferential Certificate of Origin (CoO) to 1st August 2022.
The issuing agencies who do not use the Online System for issue of non-preferential CoOs after 1st August 2022 will invite penal action and can be subject to ‘delisting’ as an authorised agency. The authorised agencies are therefore required to sensitize the exporting community and their constituents regarding the online system and its registration requirements well in time. Any issues relating to the IT system and its implementation may also be brought to our notice for appropriate action.
Cabinet approves continuation of Prime Minister Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi) till December 2024.
Through the Scheme, affordable collateral-free loans are being facilitated to the Street Vendors.The proposed extension of the Scheme has been necessitated as the circumstances that led to the launch of the Scheme in June 2020 i.e. the pandemic and related stress on the small businesses, have not fully retracted.
UGC directs higher educational institutions to take active participation in implementing redesigned ATAL Faculty Development Programs.
All Indian Council of Technical Education (AICTE) Academy of Training and Learning (ATAL) Programs for Continuing Professional Development (CPDP) have been planned to provide the colleges with good knowledge of the field and associated skills and to make them understand their roles in nation building and welfare of society along with their professional development.
GSTR-1/IFF enhancements deployed on GST Portal.
Taxpayers will now be shown a table-wise consolidated summary before actual filing of GSTR-1/IFF. This consolidated summary will have a detailed & table-wise summary of the records added by the taxpayers. This will provide a complete overview of the records added in GSTR-1/IFF before actual filing.
Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) (Second Amendment) Regulations, 2022
The amendment provides following timeline for commencement of previous amendment to ICDR Regulations: (a) for public issues of a size less than ₹10,000 crore and opening on or after April 1, 2022; with effect from April 1, 2022;
(b) for public issues of a size equal to or more than ₹10,000 crore and opening on or after April 1,
2022; with effect from July 1, 2022.
CERT-In directions relating to information security practices, procedure, prevention, response and reporting of cyber incidents for Safe & Trusted Internet
Data Centres, Virtual Private Server (VPS) providers, Cloud Service providers and Virtual Private Network Service (VPN Service) providers, shall be required to register the information regarding customers which must be maintained by them for a period of 5 years.
DGFT notifies new online module for filing of application for recognition as Pre-Shipment Inspection Agency with effect from 1st May 2022.
The online process shall not be mandatory in the initial period of go-live and the PSIAs as well as the importers are provided time till 30.06.2022 to onboard and familiarise with the said online process. All PSICs shall be mandatorily generated online through the DGFT Website w.e.f. 01.07.2022. PSICs dated on or after 01.07.2022 not generated using the DGFT online systems may not be accepted by the Indian Customs Authorities.
IFSCA notifies guidance framework on Sustainable and Sustainability linked lending by financial institutions.
An entity licensed/registered post issuance of this framework shall get a time period of 12 months, from the date of commencing its operations, to put in place a Board approved policy. The lending target shall be applicable from the beginning of the new financial year, post adoption of the Board approved policy.
IRDAI notifies the new mechanism for processing application for registration of new insurers.
The new process would bring down the turnaround time for incorporation of a new entity for insurance related activity and for grant of Certificate of Registration to commence insurance business. The new process would help global and domestic investors to invest with ease in insurance sector and thus contribute to the increase of penetration of insurance, more particularly the under-served population.
SEBI issues master circular on Infrastructure Investment Trusts (InvITs).
The Master Circular is a compilation of relevant circulars issued by SEBI up to March 31, 2022 which are operational as on date of this circular. Circulars providing temporary relaxations with regards to certain compliance requirements for InvITs in the wake of the COVID-19 pandemic has not been included in the master circular.
