Exciting News for the Indian Tea Industry: Launch of the Tea Development & Promotion Scheme
The Tea Board on October 3rd 2024 notified regarding the Announcement of the Tea Development & Promotion Scheme (TD&PS)
Strengthening Cybersecurity: CERT’s New Recommendations for Auditing Organizations
the Computer Emergency Response Team (CERT) announced vital recommendations aimed at enhancing the cybersecurity audit ecosystem for empanelled auditing organizations.
MoEF&CC Issues Draft Liquid Waste Management Rules 2024
The Ministry of Environment, Forest and Climate Change notified the Draft Liquid Waste Management Rules 2024 The rules apply to both urban and rural local bodies, as well as all public authorities involved in wastewater management.
West Bengal Issues Clarification on Input Tax Credit for Demo Vehicles
This circular clarifies critical issues surrounding the GST treatment of demo vehicles, their use in business operations, and the implications for authorized dealers.
West Bengal Issues Latest Trade Circular on Advertising Services to Foreign Clients
The clarifications in respect of advertising services provided to foreign clients. This clarification is especially relevant for businesses navigating the complexities of the Goods and Services Tax (GST) framework.
Revised Minimum Wage Rates in Bihar
The Government of Bihar has announced revised minimum wage rates set to take effect from October 1, 2024
Sixth Amendment to the Tripura Shops and Establishments Act
Cabinet approval for the proposal to allow women to work 24×7 under Tripura Shops and Establishments Act, 1970.
Master Circular for Credit Rating Agencies
An entity desirous of seeking registration as Credit Rating Agency with the Authority shall file an application through the SWIT System. The CRA registered with the Authority shall pay fees in accordance with the circulars issued by the Authority on “Fee structure for the entities undertaking or intending to undertake permissible activities in IFSC” dated May 17, 2023, February 06, 2024 and March 01, 2024 and as may be amended from time to time.
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.
