RBI increases policy Repo rate under the Liquidity Adjustment Facility (LAF) by 50 basis.
Consequently, the standing deposit facility (SDF) rate and marginal standing facility (MSF) rate stand adjusted to 5.15 per cent and 5.65 per cent respectively which was decided by the Monetary Policy Committee (MPC). The MPC also decided to remain focused on withdrawal of accommodation to ensure that inflation remains within the target going forward, while supporting
DGFT revises import policy condition for Cyclanes, cyclenes, cyclohexanes and cycloterpenes
Previously the import of Cyclanes, cyclenes, cyclohexanes and cycloterpenes was be subject to IS 3470. The requirement for BIS certification for import of ‘Hexane, food grade’ is hereby removed.
FSSAI mandates health certificate for import of milk, pork and fish products
FSSAI mandates health certificate for for import of milk, pork and fish products w.e.f 01.11.2022.
Revised GST rates as per 47th GST council
Nil GST rates for Aquatic feed and treated sewage water.
RBI notifies statement on developmental and regulatory policies.
RBI proposes to issue draft Reserve Bank of India (Managing Risks and Code of Conduct in Outsourcing of Financial Services) Directions, 2022, for public comments shortly. The scope of these Directions is being expanded to also include RRBs, Local Area Banks (LABs), All India Financial Institutions, Credit Information Companies, and non-scheduled Payments Banks.
The Assisted Reproductive Technology (Regulation) and Surrogacy (Regulation) (Removal of Difficulties) Order, 2022.
As per the order the Assisted Reproductive Technology clinics, Assisted Reproductive Technology banks and Surrogacy clinics, falling under the jurisdiction of the 17 States as notified, are allowed to conduct counselling or procedures pertaining to Assisted Reproductive Technology and Surrogacy beyond 24.07.2022 and up to a maximum period of 3 months ( i.e. up to 24.10.2022).
Ministry of Communication extends the last date for submission of Applications under Design led Manufacturing scheme till 25th August 2022.
The main objective of the scheme is to build a strong ecosystem for 5G, the Guidelines for the PLI Scheme for Telecom & Networking Products have been amended with effect from 1st April 2022 to introduce Design- led Manufacturing with additional one percent incentive rates.
SEBI notifies enhanced guidelines for debenture trustees and listed issuer companies on security creation and initial due diligence.
Before initiating due diligence, a DT and the listed entity shall enter into an amended debenture trust agreement to incorporate the obligations as notified in SEBIs earlier notifications for continuous monitoring and any other stipulations of SEBI from time to time with respect to security creation, initial due diligence and continuous monitoring by DTs. A DT shall carry out due diligence for change in security, creation of security/ additional security and shall issue a no-objection certificate (NOC) to issuer company for going ahead with proposed change in the structure/ creation of security.
CBIC issues clarifications regarding applicable GST rates & exemptions on certain services.
As recommended by the GST Council, it is clarified sale of space for advertisement in souvenir book is covered under serial number (i) of entry 21 of Notification No. 11/2017-Central Tax (Rate) and attracts GST @ 5%
NMC directs registration of all Medical Colleges in All India Survey on Higher Education
Inclusion of all institutions in the AISHE is necessary as the next round of applications for scholarships will start shortly.
