Ministry of Education allows National Testing Agency (NTA) to perform Aadhaar authentication on voluntary basis.
The National Testing Agency is an Indian government agency that has been approved by the Union Council of Ministers to conduct entrance examinations for higher educational institutions. The NTAs tests will be scientifically prepared based on rigorous research and will be of the highest quality so that the user institutions can make well informed decisions.
SEBI notifies Framework on conversion of Private listed InvIT into Public InvIT.
The Minimum sponsor(s) contribution for the public issue of units shall be either to the extent of 15% of the units issued through the public issue or to the extent of 15% of the post-issue capital.
SEBI issues circular on Audit Committee of Asset Management Companies.
The Audit Committee of the AMC shall be responsible for oversight of financial reporting process, audit process, company’s system of internal controls, compliance to laws and regulations and other related process, with specific reference to operation of its Mutual Fund business.
RBI Statement on Developmental and Regulatory Policies
Banks in India are allowed to undertake transactions in the offshore Foreign Currency Settled Overnight Indexed Swap (FCS-OIS) market with non-residents and other market makers. Banks may participate through their branches in India, their foreign branches or through their IFSC Banking Units.
DGFT issues revised import policy for drones in sync with Finance Act, 2021
The revised import policy provides that import of drones in Completely-Built-Up
(CBU), Semi-knocked-down (SKD) or Completely-Knocked-down (CKD) form is Prohibited, subject to exceptions. Import of drone components shall be ‘Free’.
RBI Announces Redemption Price For Premature Redemption For Sovereign Gold Bonds.
It has been notified, that the forthcoming due date of premature redemption of the above tranche shall be February 08, 2022. Further, the redemption price of SGB is based on the simple average closing gold price of 999 purity of the week (Monday-Friday) preceding the date of redemption.
Government of Kerala extends the special scheme for regularising connected load till 31st March 2022.
Considering the fact that the Scheme has attracted wide publicity and that if the consumers come forward to declare their connected load, it will aid KSEBL in planning for meeting the demand of the consumers, the full time directors has sanctioned to extended the period upto 31.03.2022.
IBBI publishes (FAQs) on Insolvency and Bankruptcy Code, 2016.
As per the revised edition, it has been clarified, that provisions relating to the insolvency and liquidation of corporate debtors shall be applicable only when the amount of the default is one lakh rupees or more. However, the Central Government may, by notification, specify the minimum amount of default of higher value which shall not be more than one crore rupees.
Centre takes measures for comprehensive and continued development of the industry.
The wholesale, and retail trade and repair of vehicles was brought under the ambit of the MSME Development Act and the Announcement of a voluntary vehicle scrapping policy, to phase out old & unfit vehicles.
Draft notification to direct delivery service providers in Delhi to adopt electric vehicles
Within 31st March, 2023, 50% of Two wheelers and 25% of Four wheelers in delivery service shall be electric vehicles. Any violation of the above directions shall be punishable under Section 15 of the Environment (Protection) Act, 1986 which includes
imprisonment upto five years and / or with fine which may extend to Rs. One Lakh or with both.
