CBDT forms internal committee to comprehensively review Income-tax Act
To facilitate this, a webpage has been launched on the e-filing portal, which can be accessed online. The website is live and accessible to the stakeholders/experts/public in the E-filing portal from 06.10.2024. The stakeholders/experts/public can access the page by entering their name and mobile number, followed up by a validation via OTP.
Central system to stop spoofed calls to be commissioned shortly
DoT encourages citizens to proactively report suspected fraud communications to help DoT in identification and prevention of misuse of telecom resources for cyber-crime, financial frauds. Citizen can report such calls at Chakshu facility available on the Sanchar Saathi platform (https://sancharsaathi.gov.in/) by providing details about suspected fraud calls, SMS, and WhatsApp messages including screenshot, medium of receipt, category of intended fraud, date and time of receiving such communication. An OTP based verification will be carried out.
MoE extends Last date for submitting applications (fresh & renewal) on National Scholarship Portal for 2024-25 under NMMSS
The last date for submission of applications by the selected meritorious students on the National Scholarship Portal (NSP) for the National Means cum Merit Scholarship Scheme (NMMSS) for the year 2024-25 has been extended up to 15.10.2024.
TRAI releases Consultation Paper on “Formulating a Digital Radio Broadcast Policy for private Radio broadcasters”
TRAI has initiated this consultation process in order to seek stakeholders’ comments on various issues relating to formulation of digital radio broadcast policy for private Radio broadcasters. Written comments on the consultation paper are invited from the stakeholders by 28th October 2024. Counter comments, if any, may be submitted by 11th November 2 2024 The comments and counter-comments may be sent, preferably in electronic form on the email ID advbcs-2(trai.gov.inand jtadvbcs1@trai.gov.in .
IRDAI has issued National Cyber Security Awareness Month
Insurers are advised to celebrate Month of October, 2024, as Cyber Security Awareness Month and carry out activities promoting cyber hygiene by conducting mass awareness program through multiple media like television, radio, reels, memes, SMS etc. and share the summary of activities carried out at infosec@irdai.gov.in by 5th Nov, 2024.
SEBI Measures to Strengthen Equity Index Derivatives Framework for Increased Investor Protection and Market Stability
SEBI has issued regulations, targeted at stock exchanges and clearing corporations, focus on enhancing investor protection and bolstering market stability. With increased retail participation and speculative trading in index derivatives, SEBI has proactively introduced steps to maintain the integrity of the derivatives market.
RBI draft circular on ‘Forms of Business and Prudential Regulation for Investments’.
The Reserve Bank has reviewed these regulations with an objective to ringfence the banks’ core business from other risk bearing non-core businesses as well as to provide operational freedom to banks for making investments in financial services/non-financial services companies and Alternative Investment Funds.
SEBI has provided for review of Stress Testing Framework for Equity Derivatives segment for determining the corpus of Core Settlement Guarantee Fund (Core SGF)
SEBI, after consultation with relevant market participants in its Risk Management Review Committee, has decided to introduce the following additional hypothetical stress testing scenarios/methodologies for determining the Minimum Required Corpus(MRC)of Core SGF in the equity derivatives segment.
SEBI relaxation from compliance with certain provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
SEBI has relaxed the requirement whereby a listed entity shall send proxy forms to holders of securities in all cases mentioning that a holder may vote either for or against each resolution. This relaxation shall be in effect till September 30, 2025.
SEBI has issued a draft circular on “Facilitation to SEBI registered Stock Brokers to access Negotiated Dealing System-Order Matching (NDS-OM) for trading in Government securities”
The net worth of the SBU shall be kept segregated from the net worth of the stock broker in the securities market. Net worth criteria for stock broker shall be satisfied after excluding account of the SBU. As the activities of the SBU shall be under the jurisdiction of another regulatory authority, Grievance Redressal Mechanism and Investor Protection Fund (IPF) of the stock exchanges and SCORES shall not be available for investors availing the services of the SBU.
