SEBI Streamlines Business and Compliance Reporting
The Securities and Exchange Board of India (SEBI) has issued several circulars to streamline business and compliance reporting for intermediaries in the securities market. These circulars aim to enhance transparency, reduce redundancies, and facilitate ease of doing business. Centralization of FATCA and CRS Certifications at KRAs : SEBI One of the circulars, SEBI/HO/MIRSD/SECFATF/P/CIR/2024/12, dated February […]
TN-SHORE : Blue Economy and Coastal Restoration
Tamil Nadu is one of the coastal states of India, with a coastline of 1,076 km, spanning 14 districts. The state has rich and diverse coastal ecosystems, such as mangroves, coral reefs, salt marshes, beaches and islands, that provide various ecosystem services and support the livelihoods of millions of people. However, these ecosystems are under […]
C&D Waste Disposal: Govt’s Comprehensive Guidelines Released
The government of India has released comprehensive guidelines for effective disposal of construction and demolition (C&D) waste in the country. The guidelines were announced at the National Workshop on “Recent Development with recycling and use of C&D waste in construction sector” held on 19th February 2024. The workshop was inaugurated by Shri Hardeep Singh Puri, […]
NITI Aayog Proposes Tax Reforms, Savings, Elderly Housing
NITI Aayog, the government think tank, has proposed a series of reforms to enhance the quality of life and well-being of the elderly population in India, which is projected to reach 19.5 per cent of the country’s population by 2050. In a report titled ‘Senior Care Reforms in India – Reimagining the Senior Care Paradigm’, […]
Department of Fisheries Signs Agreement with ONDC
The Department of Fisheries (DoF) has signed a Memorandum of Understanding (MoU) with the Open Network for Digital Commerce (ONDC) to provide a digital platform for buying and selling fish and fish products through e-marketplace. The MoU was signed in the presence of Union Minister of Fisheries, Animal Husbandry and Dairying Shri Parshottam Rupala, Minister […]
Rubber Import Duty Remains Unchanged, Confirms Official
The government has confirmed that the import duty on rubber will remain unchanged at 10%, despite the requests of the domestic rubber industry to increase it to 25%. The industry had sought a higher duty to protect itself from cheap imports, especially from China and Vietnam, which have been flooding the Indian market. Reasons for […]
CBDT Sets Rs 1 Lakh Cap for Withdrawing Old Tax Demands
The Central Board of Direct Taxes (CBDT) has issued an order to implement the scheme announced in the Budget 2024-25 by Finance Minister Nirmala Sitharaman to withdraw old tax demands up to Rs 1 lakh per assessee till Assessment Year (AY) 2015-16 . The scheme is expected to benefit about 1.11 crore taxpayers who have […]
30-Minute Baggage Delivery Mandate for Airlines: BCAS
If you are a frequent flyer in India, you may have experienced the frustration of waiting for your luggage at the airport. Sometimes, it can take up to an hour or more for your baggage to arrive at the belt area, especially if there are technical issues or congestion. This not only affects your travel […]
Government Panel Reviews Nutraceuticals’ CDSCO Inclusion
To address the regulatory challenges and consumer safety issues in nutraceuticals, the government has formed a high-level committee under the chairmanship of Secretary, Ministry of Health to review the regulatory challenges in nutraceuticals and drugs and examine the possibility of bringing nutraceuticals under CDSCO. The committee has as its members Secretary, Ministry of Ayush, Secretary, […]
SEZs to Benefit from RoDTEP Scheme: Study
A recent study by the Global Trade Research Initiative (GTRI) has revealed that the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme, which provides tax refunds to exporters, may lead to overcompensation for import intensive exports from SEZs. The study also suggests that the scheme may boost the competitiveness and profitability of SEZ […]