MSME has extended the Credit Guarantee Scheme for Subordinate Debt till 31st March 2022.
The Scheme is applicable for those MSMEs whose accounts have been standard as on 31.03.2018 and have been in regular operations, either as standard accounts, or as NPA accounts during financial year 2018-19 and financial year 2019-20. Fraud/ Wilful defaulter accounts will not be considered under the proposed scheme.
The Department of Pharmaceuticals extends the date of receipt of applications for the vacant slots under Production Linked Incentive (PLI) scheme for Bulk Drugs till the end of March 2022.
The Department is implementing three PLI schemes viz PLI scheme for Bulk Drugs , PLI scheme for Medical Devices and PLI scheme for Pharmaceuticals to increase the domestic manufacturing of Bulk Drugs, Medical Devices and pharmaceuticals respectively and to create global champions in the field of Pharmaceuticals and Medical Devices (IVDs).
The Central Motor Vehicles (Sixth Amendment) Rules, 2022.
The Amendment is brought under rule 93 of the Central Motor Vehicles Rules (CMVR), 1989 provides for the dimension of motor vehicles and a new rule 125K has been inserted regarding Safety Requirements viz., braking, power to weight ratio, lighting, maneuverability etc for Road Trains.
The Bihar Building (Amendments) By-Laws, 2022.
As per the amendment, a new definition for the terms, Authority, Building Envelope, Building Height, Carpet Area, Layout etc has been substituted.
Government of Tamil Nadu notifies amendments to Tamil Nadu Minor Mineral Concession Rules, 1959.
Every District Collector shall constitute a Committee under his Chairmanship called as the Reclamation, Restoration and Rehabilitation Committee. The Committee shall recommend policies for the reclamation, restoration and rehabilitation and its allied activities
The Rajasthan Motor Vehicles Taxation (Amendments) Rules, 2022.
The period of surrender or non-use shall not be less than seven days for stage carriages and less than thirty days for other than stage carriages. The period of such surrender shall not be more than one hundred eighty days in a calendar year for all categories of vehicles except in case of theft of the vehicle.
EPFO recommends 8.10% rate of interest to its subscribers for the year 2021-22.
For FY 2022, EPFO decided to liquidate some of its investment in equities and the interest rate recommended is a result of combined income from interest received from debt investment as well as income realized from equity investment.
Rajasthan State Government provides tax exemption for Vehicles solely driven by LPG CNG
Rajasthan State Government provides 50% motor vehicle tax exemption for Vehicles solely driven by LPG CNG.
Department of Pharmaceuticals, Ministry of Chemicals and Fertilizers releases guidelines for the scheme “Strengthening of Pharmaceutical Industry (SPI)”
The Scheme has 3 components / sub-schemes: Assistance to Pharmaceutical Industry for Common Facilities (APICF), to strengthen the existing pharmaceutical clusters’ capacity for their sustained growth by creating common facilities; Pharmaceutical Technology Upgradation Assistance Scheme (PTUAS) to facilitate Micro, Small and Medium Pharma Enterprises (MSMEs) of proven track record to meet national and international regulatory standards and Pharmaceutical & Medical Devices Promotion and Development Scheme
Ministry of Civil Aviation invites applications from drone industry for production linked incentive.
As per the scheme, Minimum value addition norm is at 40% of net sales for drones and drone components instead of 50%, an exceptional treatment for drones. Eligibility norm for MSME and startups is at nominal levels.
