Author: LegalitySimplified

This circular has now clarified that the prohibition of restrictive conditions in health insurance contracts for newborns/ infants shall be applicable to all products including the “Arogya Sanjeevani Policy”. Hence the guidelines on “Standard Individual …

Read More "IRDAI notifies Insurance cover for Newborns or Infants under Health Insurance Policies"

These guidelines will be applicable to consumers who generate energy for their own use or consumption (Captive consumers). The guidelines provide the detailed procedure for settlement of arrears through an application process along with prescribed …

Read More "Govt. of Odisha Operational Guidelines for one-time settlement of arrear electricity duty and interest"

These Amendment Regulations have inserted the definition of ‘floor price’. The also have prescribed the rate of floor price for the trading of Energy Savings Certificates.

The draft proposes that all General Insurers be permitted to offer long-term motor insurance policies. There will be a ‘Board-approved policy’ set up by the Insurer. This policy must contain acts relating to operational matters, …

Read More "IRDAI issues Exposure Draft on Long-Term Motor Products covering both Motor Third Party Insurance and Own Damage Insurance"

An SEZ Unit may permit certain employees to work from home or from any place outside the Special Economic Zone upto the 31st December, 2023

The institutions of medical education shall implement the same for the MBBS batch during the academic session 2022-2023.

To enable the linking of credit cards on UPI, the ecosystem will have to enhance its tech platforms. While the issuers will enable the linking of credit card accounts at the customer’s end, the acquirers …

Read More "NPCI circular on RuPay Credit Cards linked to UPI"

All Members are informed and advised to take note that, with effect from December 12, 2022, intimation of the Compliance Officer shall be done through the ENIT portal only.

It provides the Method of Tax Calculation for every individual, being a resident in India, who is of the age of sixty years or more but less than eighty years at any time during the …

Read More "CBDT circular regarding Income-Tax Deduction from Salaries During the Financial Year 2022-23"

The Phase I Umbrella scheme of National Bioenergy Programmes of the Ministry of New and Renewable Energy which inter-alia provides subsidy/Central Financial Assistance to all kinds of biogas plants has been extended up to March …

Read More "Central Financial Assistance for all kinds of biogas plants issued under SATAT Scheme has been extended up to March 31, 2026"