Fixation of Tariff Value in India for Edible Oils, Brass Scrap, Areca Nut, Gold and Silver – 12/2022-Customs (N.T.)-In exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Indirect Taxes & Customs, being satisfied that it is necessary and expedient to do so, hereby makes the following amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 36/2001-Customs (N.T.), dated the 3rd August, 2001,
RBI Retail Direct Scheme to bring G-secs within easy reach of common man-A significant milestone in the development of the Government securities (G-sec) market, the Reserve Bank of India-Retail Direct (RBI-RD) Scheme will bring G-secs within easy reach of the common man by simplifying the process of investment. Under the Scheme, retail individual investors will be able to open a Retail Direct Gilt (RDG) Account with the Reserve Bank of India, using an online portal
GOI Issued Ordinance to Extend the tenure of CBI & ED Directors up to 5years-14/11/2021-Provided that the period for which the Director holds the office on his initial appointment may, in public interest, on the recommendation of the Committee under sub-section (1) of section 4A and for the reasons to be recorded in writing,
be extended up to one year at a time
IBBI Amended Insolvency Resolution Process for Corporate Persons Regulations 2016-A corporate debtor (CD) may have changed its name or registered office address prior to commencement of insolvency. The stakeholders may find it difficult to relate to the new name or registered office address and consequently fail to participate in the CIRP.
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver-No. 60 /2021-CUSTOMS (N.T.)-In exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Indirect Taxes & Customs, being satisfied that it is necessary and expedient to do so, hereby makes the following amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 36/2001-Customs (N.T.), dated the 3rd August, 2001
Arbitration and Conciliation (Amendment) Ordinance 2020-MINISTRY OF LAW AND JUSTICE (Legislative Department) New Delhi, the 4th November, 2020/Kartika 13, 1942 (Saka) THE ARBITRATION AND CONCILIATION (AMENDMENT) ORDINANCE, 2020 NO. 14 OF 2020 Promulgated by the President in the Seventy-first Year of the Republic of India.
Compounding powers delegated to RBI Regional Office under FEMA Act 1999-Compounding powers delegated to RBI Regional Office under FEMA Act 1999 and under RBI Master direction of Compounding of Contraventions under FEMA, 1999 RBI/2020-21/67 A.P. (DIR Series) Circular No. 06 November 17, 2020 To All Category-I Authorised Dealer Banks Madam
RBI allowed escrow accounts in scheduled commercial banks-ContentsMaintenance of Escrow Account with a Scheduled Commercial BankMaintenance of Escrow Account with a Scheduled Commercial BankModifications to Master Direction on Issuance and Operation of PPIs (PPI-MD)DPSS.CO.PD.No.1164/02.14.006/2017-18 dated October 11, 2017 (updated as on February 28, 2020)Modifications to Guidelines for
I&B Ministry issued notice to implement FDI policy in digital media within a month-16/11/2020-Union Ministry of Information and Broadcasting has today issued a public notice to facilitate eligible entities involved in uploading/streaming of news and current affairs through digital media, to comply with the decision of Union Government on 18th September 2019, which had permitted 26% FDI under Government approval route.
Bilateral Netting of Qualified Financial Contracts Act 2020-The provisions of this Act shall apply to a qualified financial contract entered into on a bilateral basis between qualified financial market participants, either under a netting agreement or otherwise, where at least one of such participants shall be an entity regulated by an authority specified in the First Schedule
Telecom Consumers Protection (Eleventh Amendment) Regulations, 2020-The International Mobile Roaming (IMR) is a service that allows customer of a mobile operator in one country to obtain service (voice, SMS or data) from an operator in another country using the same handset and mobile number, facilitated by a common technology and a wholesale inter-operator contract
Role of Chief Compliance Officer in Banking compliance functioning-RBI Guidelines-As part of robust compliance system, banks are required, inter-alia, to have an effective compliance culture, independent corporate compliance function and a strong compliance risk management programme at bank and group level. Such an independent compliance function is required to be headed by a designated Chief Compliance Officer (CCO) selected through a suitable process with an appropriate ‘fit and proper’ evaluation/selection criteria to manage compliance risk effectively.
Automation of Income Recognition, Asset Classification and Provisioning processes in banks-RBI-Banks shall keep the business logic and other parameters/configurations of the System updated to ensure that the System based identification, classification, provisioning and income recognition are strictly in compliance with the regulatory guidelines on an ongoing basis. There should be periodic system audit, at least once in a year, by Internal / External Auditors who are well versed with the system audit both on system parameters as also from the perspective of compliance to Income Recognition, Asset Classification and Provisioning guidelines.
RBI Clarification on Definition of Micro-Small & Medium Enterprises-27/08/2020-RBI/2020-2021/26 FIDD.MSME & NFS.BC.No.4/06.02.31/2020-21 Date: August 21, 2020 The Chairman/ Managing Director/Chief Executive Officer All Commercial Banks (including Small Finance Banks, Local Area Banks and Regional Rural Banks) All Primary (Urban) Co-operative Banks/State Co-operative Banks / District Central Co-operative Banks
Exchange Rates Notification-Govt of India-20/08/2020-EXCHANGE RATE-In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in supersession of the Notification No.69/2020-Customs(N.T.), dated 6th August, 2020 except as respects things done or omitted to be done before such supersession, the Central Board of Indirect Taxes and Customs hereby determines that the rate of exchange of conversion of each of the foreign currencies specified in column (2) of each of Schedule I and Schedule II annexed hereto, into Indian currency or vice versa, shall, with effect from 21st August, 2020,
Eid and Pujo Bonus for West Bengal Govt Employees-13/05/2020-In case of failure, the disbursement should be made as early as possible before the Festival of Id-Ul-Fitre/ Durga Puja-2020 Government of West Bengal Finance (Audit) Department ‘NABANNA’, HOWRAH-711102 No. 1722–F(P2) Dated, the 13th May, 2020 MEMORANDUM Subject: Grant of
Regulations on Audit and Accounts (Amendments) 2020- CAG India-In pursuance of Section 23 of the Comptroller and Auditor General’s (Duties, Powers and Conditions of Service) Act, 1971, (Act No 56 of 1971), the Comptroller and Auditor General of India hereby makes the following Regulations,
Exchange rate of foreign currencies Conversion in India for Customs-02/07/2020-In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in supersession of the Notification No.53/2020-Customs(N.T.), dated 18th June, 2020 except as respects things done or omitted to be done before such supersession, the Central Board of Indirect Taxes and Customs hereby determines that the rate of exchange of conversion of each of the foreign currencies specified in column (2) of each of Schedule I and Schedule II annexed hereto, into Indian currency
Lokpal (Complaint) Rules 2020-In exercise of the powers conferred by section 59 of the Lokpal and Lokayuktas Act, 2013 (1 of 2014), the Central Government hereby makes the following rules
Guidelines on COVID Standard Health Policy-26/06/2020-In terms of Clause 5 of Guidelines on short term health insurance policies Ref: IRDAI/HLT/REG/CIR/156/05/2020 dated 23rd June, 2020, the policies issued under these guidelines will remain valid till 31st March, 2021.
RBI Guidelines on Regulation of Payment Aggregators and Payment Gateways-Payment Application Security: Payment applications shall be developed as per PA-DSS guidelines and complied with as required. The entities shall review PCI-DSS compliance status as part of merchant onboarding process.
RBI Monthly Bulletin-June 2020-The Bulletin includes RBI Governor’s statement, Monetary Policy Statement, 2020-21, Statement on Developmental and Regulatory Policies, four Articles and Current Statistics. The four articles are: I. Quarterly Estimates of Households’ Financial Assets and Liabilities; II. Issues in Non-Bank Financial Intermediation; III. Market Financing Conditions for NBFCs: Issues and Policy Options; and IV Provisional Accounts of Central Government Finances 2019-20: An Assessment.
International Investment Position of India-RBI December 2019-Increase in reserve assets (US $ 26.2 billion) was the dominant contributor to higher increase in Indian residents’ overseas financial assets, followed by overseas direct investments (US $ 3.3 billion).
RBI COVID-19 – Regulatory Package-27/03/2020-In respect of all term loans (including agricultural term loans, retail and crop loans), all commercial banks (including regional rural banks, small finance banks and local area banks), co-operative banks, all-India Financial Institutions, and NBFCs (including housing finance companies) (“lending institutions”) are permitted to grant a moratorium of three months on payment of all instalments1 falling due between March 1, 2020 and May 31, 2020.
Securities and Exchange Board of India (Portfolio Managers) Regulations 2020-“portfolio” means the total holdings of securities and goods belonging to any person-“portfolio manager” means a body corporate, which pursuant to a contract with a client, advises or directs or undertakes on behalf of the client (whether as a discretionary portfolio manager or otherwise) the management or administration of a portfolio of securities or goods or funds of the client, as the case may be
RBI Statement on Developmental and Regulatory Policies-6/2/2020-This Statement sets out various developmental and regulatory policy measures for improving credit flows to certain sectors; reinforcing monetary transmission; strengthening regulation and supervision; broadening and deepening financial markets; and improving payment and settlement systems.
Circulars Review of Margin Framework for Commodity Derivatives Segment: SEBI-This circular is issued in exercise of the powers conferred under Section 11(1) of the Securities and Exchange Board of India Act 1992, read with Section 10 of the Securities Contracts (Regulation) Act, 1956 to protect the interests of investors in securities and to promote the development of, and to regulate the securities market.
RBI issued guidelines for Enhancing Security of Card Transactions- 15/01/2020-RBI/2019-20/142 DPSS.CO.PD No.1343/02.14.003/2019-20 January 15, 2020 The Chairman / Managing Director / Chief Executive Officer All Scheduled Commercial Banks (SCBs) including Regional Rural Banks (RRBs) / Urban Co-operative Banks (UCBs) / State Co-operative Banks (StCBs) / District Central Co-operative Banks
Sikhs For Justice (SFJ) is an unlawful association: MHA Notification-Whereas the Central Government in exercise of the powers conferred by sub-sections (1) and (3) of section 3 of the Unlawful Activities (Prevention) Act, 1967 , declared the Sikhs For Justice (SFJ) to be unlawful association .
Gazette Notification on creation of Chief of Defence Staff For Indian Mititary-The Gazette of India Extra Ordinary PART II—Section 4 NEW DELHI, SATURDAY, DECEMBER 28, 2019/PAUSHA 7, 1941 MINISTRY OF DEFENCE (Department of Defence) NOTIFICATION New Delhi, the 28th December, 2019 S.R.O. 17(E).—In exercise of the powers conferred by section 191
The Citizenship (Amendment) Act 2019-any person belonging to Hindu, Sikh, Buddhist, Jain, Parsi or Christian community from Afghanistan, Bangladesh or Pakistan, who entered into India on or before the 31st day of December, 2014 shall not be treated as illegal migrant.
THE ARMS (AMENDMENT) BILL 2019-If any member of an organised crime syndicate or any person on its behalf has at any time has in his possession or carries any arms or ammunition in contravention of any provision of Chapter II shall be punishable with imprisonment for a term which shall not be less than ten years but which may extend to imprisonment for life and shall also be liable to fine.
THE CONSTITUTION (ONE HUNDRED AND TWENTY-SIXTH AMENDMENT) BILL 2019-Although the Scheduled Castes and the Scheduled Tribes have made considerable progress in the last 70 years, the reasons which weighed with the Constituent Assembly in making provisions with regard to the aforesaid reservation of seats have not yet ceased to exist.
Guidelines for ‘on tap’ Licensing of Small Finance Banks in the Private Sector-Licensing of Small Finance Banks in the Private Sector Guidelines for ‘on tap’ Licensing of Small Finance Banks in the Private Sector I. Introduction The Reserve Bank had issued the Guidelines for Licensing of “Small Finance Banks” in the Private Sector
RBI-Statement on Developmental and Regulatory Policies: 05/12/2019-RBI Statement sets out various developmental and regulatory policy measures for strengthening regulation and supervision; broadening and deepening of financial markets; and improving payment and settlement systems.
West Bengal Thika Tenancy (Acquisition and Regulation) (Amendment) Act, 2019-PART I—Orders and Notifications by the Governor of West Bengal, the High Court, Government Treasury, etc. The Kolkata Gazette GOVERNMENT OF WEST BENGAL Land & Land Reforms and R.R. & R Department Land Policy Branch Nabanna, 6th Floor 325 Sarat Chatterjee
Number of ‘Traffic Accidents’ in India 2016: NCRB-Accidental Deaths & Suicides in India 2016 National Crime Records Bureau Report 2019 A total of 5,02,100 traffic accidents comprising of 4,73,050 road accidents, 25,927 railway accidents and 3,123 railway crossing accidents were reported; these accidents caused 1,51,801, 22,970 and 3,133 deaths respectively during 2016.
Suicides in India 2016: NCRB-National Crime Records Bureau Report 2019-Government servants accounted for 1.3% (1,739 out of 1,31,008) of the total suicide
victims as compared to 5.2% (6,761 out of 1,31,008) of total victims from Private Sector
Enterprises.
Basic Telephone Service Amendment Regulations, 2019-Telecom Regulatory Authority of India (Trai) on Friday fixed phone call ring time at 30 seconds on mobiles and 60 seconds for landline phones, in case the call is neither answered nor rejected by the susbcriber.
Jammu and Kashmir Reorganisation Act 2019-The Ladakh Division of the State of Jammu and Kashmir has a large area but is sparsely populated with a very difficult terrain. There has been a long pending demand of people of Ladakh, to give it the status of a Union Territory to enable them to realise their aspirations. The Union Territory of Ladakh will be without Legislature.
Further, keeping in view the prevailing internal security situation, fuelled by cross border terrorism in the existing State of Jammu and Kashmir, a separate Union Territory for Jammu and Kashmir is being created. The Union Territory of Jammu and Kashmir will be with legislature.
Banning of Unregulated Deposit Schemes Act, 2019-An Act to provide for a comprehensive mechanism to ban the unregulated deposit schemes, other than deposits taken in the ordinary course of business, and to protect the interest of depositors
National Medical Commission Act, 2019-An Act to provide for a medical education system that improves access to quality and affordable medical education, ensures availability of adequate and high quality medical professionals in all parts of the country; that promotes equitable and universal healthcare that encourages community health perspective and makes services of medical professionals accessible to all the citizens; that promotes national health goals; that encourages medical professionals to adopt latest medical research in their work and to contribute to research; that has an objective periodic and transparent assessment of medical institutions and facilitates maintenance of a medical register for India and enforces high ethical standards in all aspects of medical services; that is flexible to adapt to changing needs and has an effective grievance redressal mechanism
Code on Wages Act 2019-An Act to amend and consolidate the laws relating to wages and bonus and matters connected therewith or incidental thereto. (1) The Payment of Wages Act, 1936 (4 of 1936), the Minimum Wages Act, 1948 (11 of 1948), the Payment of Bonus Act, 1965 (21 of 1965) and the Equal Remuneration Act, 1976 (25 of 1976) are hereby repealed.
THE JAMMU AND KASHMIR REORGANISATION BILL, 2019-Bill No. XXIX of 2019 43 of 1950 THE JAMMU AND KASHMIR REORGANISATION BILL, 2019 A BILL to provide for the reorganisation of the existing State of Jammu and Kashmir and for matters connected therewith or incidental thereto. BE it
The Direct Selling Guidelines 2016-hese guidelines, may be called the Direct Selling Guidelines 2016. These are issued as guiding principles for State Governments to consider regulating the business of "Direct Selling" and Multi-Level Marketing (MLM) and strengthen the existing regulatory mechanism on Direct Selling and MLM, for preventing fraud and protecting the legitimate rights and interests of consumers.
THE AADHAAR AND OTHER LAWS (AMENDMENT) BILL, 2019-AS PASSED BY LOK SABHA ON 04.07.2019 Bill No. 86-C of 2019 THEAADHAAR AND OTHER LAWS (AMENDMENT) BILL, 2019 A BILL to amend the Aadhaar (Targeted Delivery of Financial and Other Subsidies, Benefits and Services) Act, 2016 and further to
West Bengal Higher Judicial Service 2020-Applications are invited from eligible Indian citizens for selection of the District Judge, as referred to in clause (a) of sub-rule (1) of rule 24 of the West Bengal Judicial (Conditions of Service) Rules, 2004
NUMBER OF VACANCIES : Six (6)
WEST BENGAL JUDICIAL SERVICE 2020 NOTIFICATION 17th day of June, 2020
Draft National Education Policy 2019 – MHRD-The Indian education system produced scholars like Charaka and Susruta, Aryabhata, Bhaskaracharya, Chanakya, Patanjali and Panini, and numerous others. They made seminal contributions to world knowledge in diverse fields such as mathematics, astronomy, metallurgy, medical science and surgery, civil engineering and architecture, shipbuilding and
Notification on Padma Awards-Notification on Padma Awards-2019 Notification on Padma Awards-2017 Notification on Padma Awards-2015 BALAJI RAGHAVAN AND S.P. ANAND Vs. UNION OF INDIA [ ALL SC 1995 DECEMBER] BYADVOCATETANMOYONSEPTEMBER 14, 2018 Bharat Ratna and Padma awards are not “titles” within Article 18
Hallmarking Regulations 2018-MINISTRY OF CONSUMER AFFAIRS, FOOD AND PUBLIC DISTRIBUTION (Department of Consumer Affairs) NOTIFICATION New Delhi, the 14th June , 2018 S.O 2421(E).—In exercise of the powers conferred by sub-section (1) of section 14 of the Bureau of Indian Standards Act, 2016
PRESIDENT ALLOCATES PORTFOLIOS AMONG MEMBERS OF UNION COUNCIL OF MINISTERS-Rashtrapati Bhavan: 31.05.2019 The President of India, as advised by the Prime Minister, has directed the allocation of portfolios among the following members of the Union Council of Ministers:- Shri Narendra Modi Prime Minister and also in-charge of: Ministry of Personnel, Public
