IRDAI extends the timeline for sale and renewal of short term Covid specific health insurance policies.
The minimum sum insured for Corona Kavach Policy is Rs 50,000 and the maximum is Rs 5 lakh and for the Corona Rakshak Policy, the minimum sum insured is Rs. 50,000 and the maximum limit shall be Rs.2.5 lakh.
The Government of Karnataka has extended the Karasamadhana Scheme till 30th October 2021.
Karasamadhana Scheme was introduced with a view to reduce the arrears arising out of the enactments administered by the Commercial Taxes Department which existed before the introduction of Goods and Services Tax Act.
IRDAI Publishes guidance document on product structure for Cyber Insurance.
The main objectives of the guidance document on product structure for Cyber Insurance are to enable insurers to evaluate new technologies posing heightened cyber risk, identify protection gaps in the existing products and address the changing needs of market and to facilitate insurers in developing stand-alone cyber insurance products, specifically designed to address the evolving cyber risks.
CDSCO notifies the timeline for activities requiring minimum and major procedure for cargo clearance at port office.
The port officer of CDSCO shall grant NOC based on document checks within 2-3 hours and the NOC to be granted after document checks and physical inspection without involving lab-testing shall be done within 24-48 hours.
Government of NCT Delhi extends the operation liquor licenses
Government of NCT Delhi extends the operation liquor licenses expiring on 30.09.2021.
Revised threshold for cess imposed on certain goods
The Central Government, in the public interest, has exempted Crude Palm Oil from so much of the Agriculture Infrastructure and Development Cess leviable in excess of the amount calculated at the rate of 20%.
GOI revokes Customs tariff duty relaxation for oil products
Relaxation of customs tariff duty provided for Sunflower seed oil, Sunflower oil, edible grade and Crude oil are rescinded with effect from 11th September, 2021.
