Operational framework for reclassification of Foreign Portfolio Investment to Foreign Direct Investment (FDI) under Foreign Exchange Management (Non-debt Instruments) Rules, 2019
In consultation with the Government of India and SEBI, the Reserve Bank of India has finalised an operational framework for reclassification of Foreign Portfolio Investment made by Foreign Portfolio Investors (FPI) to Foreign Direct Investment (FDI) under Foreign Exchange Management (Non-debt Instruments) Rules, 2019 in case of any breach of the investment limit by the FPIs concerned.
Extension of the last date to receive comments/ counter-comments on the TRAI’s Consultation Paper on the Terms and Conditions of Network Authorisations to be Granted Under the Telecommunications Act, 2023
Keeping in view the requests of some of the stakeholders for an extension of time for submission of comments, it has been decided to extend the last dates for submission of written comments and counter-comments up to 19.11.2024 and 26.11.2024 respectively.
Department of Pension & Pensioners’ Welfare launches Nationwide Digital Life Certificate Campaign 3.0 from 1st – 30th November,2024
SBI and PNB are leading the Campaign by generating more than 5 lacs DLCs during the 1st week of the month-long Campaign. Maharashtra and Tamil Nadu States are topping the list by generating more than 8.5 lacs DLCs during the 1st week of the month-long Campaign.
Consultation Paper on proposed review of the definition of Unpublished Price Sensitive Information under SEBI (Prohibition of Insider Trading) Regulations, 2015
The comments along with rationale may be submitted by any of the following modes latest by November 30, 2024.
NSE advertisement Code for Online Bond Platform Providers
OBPPs are encouraged to use simple language and avoid the use of complex technical or legal terminology or excessive details which may confuse the investors. However, use of terminology widely accepted and related to the product shall be permitted.
Online Workshop held on Assessment and Monitoring Tools for Marine Plastic Litter under the India-EU Trade and Technology Council WG2
The India-EU Trade and Technology Council (TTC) Working Group 2 on Green & Clean Energy Technologies organized an online workshop on “Assessment and Monitoring Tools for Marine Plastic Litter ” on 8th November, 2024, bringing together experts and officials from India and the European Union (EU) to address plastic pollution and discuss innovative monitoring solutions.
DGFT issues enabling provisions for import of inputs that are subjected to mandatory Quality Control Orders (QCOs) by Advance Authorisation holders, EOU and SEZ
The list of Ministries/Departments whose notifications on mandatory QCOs, that are exempted by the DGFT for goods to be utilized/consumed in manufacture of export products are published.
Draft amendments to the Commercial Courts Act, 2015
The draft Bill and tabular statement can be accessed at https://legalaffairs.gov.in/. Comments on the draft Bill may be sent by email on avnit.singh[at]gov[dot]in and ndiac-dla[at]gov[dot]in latest by 22.11.2024.
CBIC introduces relaxations for Customs Cargo Service Providers
These measures aim to reduce operational costs and compliance burdens for CCSPs, that play a crucial role in handling of imported and exported goods. The changes are part of the Government’s ongoing efforts to reduce the cost and compliance burden, improve the efficiency of EXIM operations, and facilitate global trade.
RBI clarification regarding Reporting of Foreign Exchange Transactions to Trade Repository
Authorised Dealer shall report all FX contracts executed with clients to the TR of CCIL in a phased manner.
