Single window IT-enabled system for application processing of entities desirous of setting up operations in GIFT IFSC
IFSCA has developed a Single Window IT System (SWITS) which, inter-alia, contains a Common Application Form (CAF), created by merging several existing forms including business-specific Annexure Forms. The SWITS aims to harmonise and simplify the process of submission of application under various Acts administered by IFSCA, in addition to the Special Economic Zones (SEZ) Act, 2005.
Guidelines on Cybersecurity and Cyber Resilience for regulated entities (REs) operating within GIFT IFSC
The primary aim of the consultation paper is to establish a principle-based cybersecurity framework that ensures the protection and resilience of financial institutions against evolving cyber threats. Given the growing complexity and sophistication of cyber-attacks, especially in international jurisdictions such as GIFT IFSC, securing the financial sector’s digital infrastructure is critical. This consultation seeks input from stakeholders to shape a robust cybersecurity framework, covering governance, third-party risks, audit mechanisms, and incident management.
IFSCA press release on conference on “Developing Alternative Dispute Resolution and International Arbitration Centre in GIFT-IFSC”
Panelists examined strategies for GIFT-IFSC to distinguish itself and effectively establish itself as a leading Arbitration hub. The discussion highlighted the importance of infrastructure, skilled professionals, and unique offerings which GIFT IFSC can offer. Experts shared insights into emerging trends such as digital arbitration and the integration of technology, emphasizing the potential for increased efficiency and accessibility in ADR processes.
Supporting Senior Citizens: Goa’s New Financial Assistance Scheme for Care Homes
This new scheme provides financial assistance to registered organizations, government bodies, and institutions that operate homes for elderly individuals, particularly those dealing with conditions such as Alzheimer’s and Parkinson’s disease, as well as those in palliative care.
Framework for Reliable Power: Insights into the Madhya Pradesh Electricity Distribution Code
The Government of Madhya Pradesh on October 03, 2024, notified the Madhya Pradesh Electricity Distribution Code (Revision-First), 2024 (RG-29(1), year 2024.
Bihar Government Announces Holiday Schedule for 2025
Bihar Government notifies that in the year 2025, there will be a general holiday in all the offices under the State Government and all the Revenue Magistrate Courts on the festival/occasions
Fair Pay for All: Himachal Pradesh’s Revised Minimum Wage Structure
The Government of Himachal Pradesh announced an important revision to the minimum wages applicable across various employment sectors, set to take effect from April 1, 2024.
HPPCL Issues Procurement and Grievance Redressal Mechanism
The Himachal Pradesh Power Corporation Limited on September 29th 2024 notified regarding the Procurement and Grievance Redressal Mechanism (PGRM) The following has been stated in detailed: Annexure 1: Form for Filing Procurement Grievances and Complaints https://www.legalitysimplified.com/wp-content/uploads/2024/10/HPPCL-1.pdf Annexure 2: Letter Template for Acknowledgement of Procurement Grievances of Procurement Grievances/ Complaints https://www.legalitysimplified.com/wp-content/uploads/2024/10/HPPCL-2.pdf Annexure 3: Format For Disclosure […]
PFRDA Announces New Balanced Life Cycle Fund (BLC)
The Balanced Life Cycle Fund (BLC). This fund is designed to offer NPS subscribers flexibility and higher growth potential by focusing on equity investments during their prime working years.
Ensuring Quality in Hand Tools: The Hand Tools (Quality Control) Order, 2024
This order establishes mandatory quality control measures for hand tools, aligning with the Bureau of Indian Standards (BIS) regulations.
