E-Counselling for students seeking admission into 100 new Sainik Schools.
The Sainik Schools Society (SSS) will publicize widely to intimate students to apply for e-Counselling along with timelines. A link will be sent to individual applicant students securing more than qualifying marks as prescribed by SSS from time to time through email or mobile numbers.
Clarification regarding the Most-Favoured-Nation (MFN) clause in the Protocol to India’s DTAAs with certain countries
CBDT issues conditions for applicability of the MFN clause and benefit of the lower rate or restricted scope of source taxation rights in relation to certain items of income (such as dividends, interest income, royalties, Fees for Technical Services, etc.) provided in India’s DTAAs with the third States to be available to the first (OECD) State.
Aadhaar (Authentication and Offline Verification) (First Amendment) Regulations, 2022.
As per section 4(3) under Aadhaar (Targeted Delivery of Financial and Other Subsidies, Benefits and Services) Act, 2016, An Aadhaar number, in physical or electronic form subject to authentication and other conditions, as may be specified by regulations, may be accepted as proof of identity of the Aadhaar number holder for any purpose.
SEBI issues Guidelines on accounting with respect to Indian Accounting Standards
As per the earlier amendment dated 25th January 2022 on SEBI (MutualFunds)Regulations, 1996(MF Regulations), which, inter-alia, mandated that the AMCs shall prepare the Financial Statements and Accounts of the Mutual Fund Schemes in accordance with IND AS with effect from April 01, 2023.
Government takes several initiatives to enhance collaboration between small business and e-commerce platforms.
Department for Promotion of Industry & Internal Trade (DPIIT) has actively engaged with various large e-commerce platforms to onboard artisans and handicraftsmen, including those engaged in manufacture of Geographical Indication (GI) goods and toys. Further, under the One District – One Product (ODOP) initiative, drives have been conducted across various States, facilitating on-boarding of sellers of identified products on e-Commerce platforms to provide greater visibility for small businesses from rural sector.
Government of Goa imposes restrictions on liquor sale for the period between 12th February 2022 to 10th March 2022.
The licensed premises having licence for Bar and Restaurant may be allowed to keep the restaurant open for serving food only and the Bar counter shall be closed and no liquor shall be allowed to be served on the above mentioned days. The owner of the licensed premises having Bar & Restaurant shall also display a board in the premises stating that no liquor will be served and that only the restaurant is open for serving food.
International Financial Services Centres Authority (Insurance Web Aggregator) Regulations, 2022.
The International Financial Services Centres Authority (Insurance Web Aggregator) Regulations, 2022 aims to put in place a process of registration and operations of Insurance Web Aggregator (IWA) in an International Financial Services Centre under the regulatory purview of the International Financial Services Centres Authority.
UGC reschedules SWAYAM examination for July 2021 Semester
The SWAYAM examination for July 2021 Semester is rescheduled to 21st and 22nd of February, 2022.
GSTN deploys module vise new functionalities on the GST portal for Taxpayers.
These functionalities pertain to different modules such as Registration, Returns, Advance Ruling, Payment, Refund and other miscellaneous topics. Various webinars are also conducted as well informational videos prepared on these functionalities and posted on GSTNs dedicated YouTube channel for the benefit of the stakeholders.
RBI Cautions against unauthorised forex trading platforms.
RBI cautions the public not to undertake forex transactions on unauthorised ETPs or remit/deposit money for such unauthorised transactions. Resident persons undertaking forex transactions for purposes other than those permitted under the FEMA or on ETPs not authorised by the RBI shall render themselves liable for penal action under the FEMA.
