CBDT launches revamped National Website of the Income Tax Department
The new functionalities, allow users to compare different Acts, Sections, Rules, and Tax treaties. All relevant content on the site is now tagged with Income Tax sections for easy navigation. Further, dynamic due date alerts functionality provides reverse countdowns, tooltips, and links to relevant portals to help taxpayers to comply easily.
SEBI Consultation Paper on Association of SEBI Registered Intermediaries/Regulated Entities with Unregistered Entities (including Finfluencers)
No SEBI registered intermediaries/regulated entities or their agents/representatives shall, directly or indirectly, have any association/relationship in any form, whether monetary or non-monetary, for any promotion or advertisement of their services/products, with any unregistered entities ( including finfluencers). Entities registered/regulated by SEBI or stock exchanges or AMFI shall not share any confidential information of their clients with any unregistered entities.SEBI registered intermediaries/regulated entities shall not pay any trailing commission based on the number of referrals as referral fee. Limited referrals from retail clients, and payment of fees for such limited referrals by stockbrokers shall be allowed.
SEBI Consultation Paper on mechanism for fee collection by SEBI registered Investment Advisers and Research Analysts
Fees shall be paid by clients on designated platforms to be specified/administered by a SEBI recognized supervisory body. IAs/RAs shall provide the details of the designated bank account/s in which fees shall be received through the proposed mechanism. These designated bank account/s shall be used solely for collection of fee from investment advisory/research activity.
FSSAI issues Bid for Hiring of Agency for IT Projects-Milestone basis
The Bid document was issued on 23rd August, 2023. The Bid provides the opening and closing date and time, contract period, minimum turnover requirements, years of past experience needed, and exemptions for Micro and Small Enterprises (MSEs) and startups.
NMC keeps its Registered Medical Practitioner (Professional Conduct) Regulations, 2023 in Abeyance
The NMC clarifies that the National Medical Commission Registered Medical Practitioner (Professional Conduct) Regulations, 2023, shall not be operative and effective till further Gazette Notification on the subject by the National Medical Commission.
National AIDS Control Program Review Meeting in Agra
The National AIDS and STD Control Program (NACP) is currently in its fifth phase, aiming to reduce new HIV infections and AIDS-related mortality while also eliminating the stigma associated with HIV/AIDS in society. Several initiatives were highlighted, including the National AIDS toll-free helpline, lifetime free ART (Antiretroviral Therapy) services, free lifelong antiretroviral (ARV) medicines for people living with HIV, and various counseling and diagnostic services.
NHPC Limited and APGENCO Join Hands for Clean Energy Projects in Andhra Pradesh
One of the primary objectives of this MoU is to harness Pumped Storage Projects as Energy Storage Solutions, aligning with India’s national energy goals. These projects play a vital role in achieving the national objective of clean and green energy, with a target of 500 GW of installed electricity capacity from non-fossil fuel sources, including Renewable Energy and Nuclear, by 2030.
Mizoram Pioneers Ayushman Bharat Digital Mission (ABDM) Microsite
Under this initiative, all healthcare facilities in Mizoram, including private clinics, small hospitals, and laboratories, will be equipped to offer digital health services to patients. This transformation is set to revolutionize healthcare delivery by leveraging technology to provide secure and efficient health services.
SEBI mandates additional disclosures by FPIs
The SEBI (Foreign Portfolio Investors) (Second Amendment) Regulations, 2023 outline the criteria rendering FPIs liable to provide detailed information about individuals and entities associated with them. While the broad principles are outlined, the finer details will be delineated in a Standard Operating Procedure (SOP) to be established in consultation with SEBI. The criteria for submitting disclosures by FPIs include instances such as FPIs holding more than 50% of their Indian equity Assets Under Management (AUM) in a single Indian corporate group, or FPIs holding more than INR 25,000 crore of equity AUM in the Indian markets individually or within their investor group.
SEBI provides for modification in cyber security and cyber resilience framework of Stock Exchanges, Clearing Corporations and Depositories
MIIs, whose systems have been identified as Critical Information Infrastructure (CII) by National Critical Information Infrastructure Protection Centre (NCIIPC), are mandated to send regular updates/closure status of the vulnerabilities found in their respective “protected systems” to NCIIPC.
