Govt of Odisha appoints 1196 Medical Officers in Odisha Medical & Health Services Cadre
The newly appointed Medical Officers will serve a probationary period of two years, starting from their date of joining the post. During this period, their performance and suitability for the role will be assessed. These candidates have been posted to various districts as indicated in their appointment letters.
RBI revises Scope of Trade Receivables Discounting System
Insurance facility will now be permitted on TReDS. This will encourage financing / discounting of payables of buyers irrespective of their credit ratings. Accordingly, insurance companies will be permitted to participate as a “fourth participant” on TReDS, apart from the MSME sellers, buyers and financiers.
All entities / institutions eligible to undertake factoring business under the Factoring Regulation Act will be permitted to participate as financiers in TReDS.
Secondary market operations will now be enabled on TReDS platforms. This would allow financiers to offload their existing portfolio to other financiers within the same TReDS platform, if required.
RBI updates Alert List of unauthorized forex trading platforms
RBI has updated the Alert List of unauthorized forex trading platforms. The Alert List contains names of entities which are neither authorized to deal in forex under the Foreign Exchange Management Act, 1999 (FEMA) nor authorized to operate electronic trading platform (ETP) for forex transactions under the Electronic Trading Platforms (Reserve Bank) Directions, 2018.
Revised guidelines on the conditions and procedure to be followed for deciding applications for condonation of delay in filing Returns of Income
The above revised monetary limits for applications/ claims in respect of the competent authorities specified hereinabove shall be applicable to the applications/ claims filed on and after 01-06-2023.
BIS withdraws 24 Indian Standards
These Indian Standards range from a period from 1971 to 1998. Pertinently, all the 24 Indian Standards stand withdrawn from 29th May, 2023.
Andhra Pradesh Para Veterinary & Allied Council Act, 2023
The Government has reinforced 5th June, 2023, as the day on which the the Andhra Pradesh Para Veterinary & Allied Council Act, 2023 would take effect.
NSE to hold mock session for familiarization of the Member Interfaces for Two-way Portability
To ensure familiarity with the member interfaces provided for two-way portability, NSE has scheduled a mock session on 3rd June, 2023. All members are encouraged to actively participate in this session and thoroughly test the functionality of the interfaces.
EPFO constitutes Committees for framing of Draft Schemes under Social Security Code, 2020
The draft of the specified three schemes must be prepared and placed before the Government of India for consideration. Hence to achieve this objective the EPFO has constituted a separate committee to draft each of the prescribed schemes.
IRDAI issues circular on Investments in National Bank for Financing Infrastructure and Development
The circular states that NaBFID has been officially established in India under the National Bank for Financing Infrastructure and Development Act of 2021. This institution aims to provide crucial support for the development of long-term non-recourse infrastructure financing in the country.
NCLAT has observed that the power of review is not conferred on the Tribunal; whereas the power to recall its judgment is inherent
The NCLAT while considering judgments of Hon’ble Supreme Court observed that the precedent clearly lays down the distinction between the review and recall. The power of review is not conferred on the Tribunal; whereas the power to recall its judgment is inherent.
