SEBI further modifies disclosure requirements of divergence in the asset classification and provisioning by banks
RBI has further modified the disclosure requirements to the Stock Exchanges, Divergences in the Asset Classification and Provisioning . Hence in light of the newly revised RBI requirements, all such banks are required to disclose to the stock exchanges divergences in the asset classification and provisioning, if either or both of the additional provisioning for NPAs assessed by RBI exceeds 10 per cent of the reported profit before provisions and contingencies for the reference period, and/or the additional Gross NPAs identified by RBI exceed 15 per cent of the published incremental Gross NPAs for the reference period.
Central Goods and Services Tax (Fifth Amendment) Rules, 2019
On 18 th July 2019, the Central Government vide Notification No. 33/2019 – Central Tax, has amended the Central Goods and Services Tax Rules, 2017.
Medical Colleges may be Permitted for Lower Capacity Intake
The Medical Council of India (MCI) on June 25, 2019 has notified the commencement of Establishment of Medical College Regulations (Amendment), 2019, thereby amending the existing Establishment of Medical College Regulations, 1999.
DGFT takes action for Recovery of Penalties and Pending Appeals and Reviews
DGFT has directed all the Adjudicating Authorities in RAs and SEZs to take immediate action against all pending appeals, reviews and penalty recovery. As per the direction, all adjudicating authorities shall take action in the above matters within 30 days from the date of issuing of this notification.
