Guidelines to the Regulated Entities to ensure reasonableness and transparency in disclosure of penal interest
These instructions shall come into effect from January 1, 2024. REs may carry out appropriate revisions in their policy framework and ensure implementation of the instructions in respect of all the fresh loans availed/ renewed from the effective date. In the case of existing loans, the switchover to new penal charges regime shall be ensured on next review or renewal date or six months from the effective date of this circular, whichever is earlier.
Ministry of Ayush and WHO to Co-Host First Global Summit on Traditional Medicine
The Summit will delve into the role of traditional, complementary, and integrative medicine in addressing critical health challenges while promoting global health and sustainable development. The summit aims to bring together participants from over 90 countries.
Jan Aushadhi Kendras to promote Affordable Medicines
The goal of increasing the number of these subsidized medicine shops from 10,000 to 25,000 seeks to enhance healthcare accessibility for all.
Ports of Entry and Exist for Regulation of International Trade in Endangered Species
The ports of entry and exist have been designated for the purpose of Regulation of International Trade in Endangered Species of Wild Fauna and Flora as per the Convention on International Trade in Endangered Species of Wild Fauna and Flora.
FAQs on Agroforestry
The FAQs explain that agroforestry is a combination of practicing agriculture and forestry together on the
same unit of land. It is a traditional practice recognizing and promoting trees and/or livestock on farms in a special arrangement pattern. It focuses on the interaction and interdependence of various elements in nature rather than on individual elements.
NMC invites Applications for Post Graduate Courses
The Medical Assessment and Rating Board (MARB) of the NMC is inviting applications for increase of seats or new PG Broad and Super Specialty Graduation Courses.
Draft University Grants Commission (Recognition and Grant of Equivalence to Qualifications obtained from Foreign Educational Institutions) Regulations, 2023
The University Grants Commission shall maintain a dedicated online portal to receive applications for the grant of equivalence to qualifications obtained from foreign educational institutions. The applicant shall submit an online application along with the fee, as prescribed by the Commission from time to time.
Guidelines for charging Income-tax on life insurance policies
The new amendments state that any sum received under a life insurance policy issued on or after April 15, 2023, excluding unit-linked insurance policies, will not be exempt if the annual premium payable for any year during the policy’s term exceeds Rs 5,00,000.
Income tax Amendment (Sixteenth Amendment), Rules, 2023
The amendment provides the procedure to charge income tax on sum received by an assessee under the life insurance policy.
National Nursing and Midwifery Commission
Act, 2023
The Act provides for regulation and maintenance of standards of education and services by nursing and midwifery professionals, assessment of institutions, maintenance of a National Register and State Registers and creation of a system to improve access, research and development and adoption of latest scientific advancement and for matters connected therewith or incidental thereto. This Act has come into force on 14th August, 2023.
