MSDE launches DBT scheme to extend direct monetary support to apprentices.

Earlier companies used to pay apprentices the entire amount and then seek reimbursement from the government. With the launch of the DBT scheme, the government will directly transfer its contribution to bank accounts of apprentices …

The Foreign Contribution (Regulation) Amendment Rules, 2022.

Rule 6 deals with intimation of receiving foreign funds from relatives. Through this amendment it is stated that “any person receiving foreign contribution in excess of 10 lakhs or equivalent thereto in a financial year …

AICTE issues circular on implementation of Credit Framework for the movement from Professional/Vocational Education to Engineering & Technology.

Through this circular, the unified credit level (UCF) for exiting/entry qualification at different level has been notified. At each entry, Institution/University has to identify the educational gaps/skill gaps and suitable bridge course may be offered.

The Director General of Foreign Trade vide notification dated 1st July, 2022 has extended the last date for submitting applications to avail benefits under Merchandise Exports from India Scheme (MEIS)

The Director General of Foreign Trade vide notification dated 1st July, 2022 has extended the last date for submitting applications to avail benefits under Merchandise Exports from India Scheme (MEIS). All applications under MEIS for …

RBI Announces Rate of Interest on Floating Rate Savings Bond, 2020 (Taxable) – FRSB 2020 (T) for the Period July 01 – December 31, 2022

Accordingly, the coupon rate on FRSB 2020 (T) for period July 1, 2022 to December 31, 2022 and payable on January 1, 2023 remains at 7.15% (6.80% +0.35%), unchanged from the previous half-year.

IFSCA notifies Regulatory framework for Angel Funds to facilitate investments in start-ups.

A Fund Management Entity (FME) in IFSC will be able to launch Angel Fund by filing a placement memorandum with the Authority under a Green Channel, i.e. the schemes can open for subscription by investors …

IFSC invites public comments on the draft International Financial Services Centres Authority (Setting up and Operation of International Branch Campuses and Offshore Education Centres) Regulations, 2022.

The registration of IBC/OEC is provided to conduct educational and research courses, including executive education programmes in the GIFT IFSC and the regulations are intended to be the sole legal framework governing the establishment and …

The International Financial Services Centres Authority (Banking) (Amendment) Regulations, 2022.

Under regulation 3(9), A Parent Bank may set up its Representative Office or Global Administrative Office in IFSC under a suitable mechanism, subject to such conditions as may be specified by the Authority.

SEBI notifies new format for disclosure of shareholding patterns.

As per the amendment, in the disclosure of public shareholding, names of the shareholders holding 1% or more than 1% of shares of the listed entity is to be disclosed and the Names of the …

Income-tax (20th Amendment) Rules, 2022

The amendment provides that where the exchange has agreed to pay tax in relation to a transaction of transfer of a virtual digital asset, owned by it, the Exchange shall deliver or cause to be …

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