Amendment to Karnataka Goods and Services Tax Act, 2017

The notification is an amendment to the Karnataka Goods and Services Tax Act, 2017, by the Government of Karnataka. It is a legal proclamation signifying the change in the effective date from the 1st day of April, 2024 to the 15th day of May, 2024, of a previous notification, thereby impacting the application of goods and services taxation in the state.

TRAI releases Recommendations on ‘Telecommunication Infrastructure Sharing, Spectrum Sharing, and Spectrum Leasing’

At present only spectrum trading and intra-band spectrum sharing are permitted in the country. For a more efficient utilization of the scarce spectrum, the TRAI has recommended that spectrum leasing and inter-band spectrum sharing should also be permitted. Implementation of these recommendations will enable telecom service providers to provide better quality of service and wider coverage of telecommunication services. Further, the recommendations for exploring the possibility of implementing authorized shared access (ASA) technique-based spectrum sharing are aimed at further strengthening the efficient and effective utilization of the scarce resource.

RBI cautions against unauthorized foreign exchange transactions

There is a need for greater vigilance to prevent the misuse of banking channels in facilitating unauthorised forex trading. AD Cat-I banks are, therefore, advised to be more vigilant and exercise greater caution in this regard. As and when AD Cat-I banks come across an account being used to facilitate unauthorised forex trading, they shall report the same to the Directorate of Enforcement, Government of India, for further action, as deemed fit.

Portal For NBEMS Credential Verification

The Credential Verification Online Portal (CVOP) is an online platform accessible through the NBEMS website. Organizations like employers, public authorities, and credential verification agencies can use the CVOP to submit verification requests for NBEMS-issued credentials. Candidates seeking verification of their NBEMS credentials will need to pay the required fee through the NBEMS Miscellaneous Fee Payment Portal before the organization can submit a verification request on their behalf.