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REDUNDANT CIRCULARS
RBI proposes unified framework for banks' risk, compliance and audit functionsThe Reserve Bank of India has released a draft framework for bank control and assurance functions. This aims to simplify rules and boost go...- Citizens, experts oppose Thane Ring Metro project, cite planning flawsThane residents and transport experts are opposing the new Rs 12,200 crore Integrated Ring Metro project. They call it a waste of public mo...
- Supreme Court seeks Centre's reply on CBSE's 3-language policyThe Supreme Court has put the spotlight on the Centre, CBSE, and NCERT, demanding a comprehensive response to petitions challenging the new...
- Sebi proposes major overhaul of derivatives rules to simplify compliance for exchangesIndia's market regulator Sebi is proposing significant changes to derivatives trading rules. The aim is to make compliance easier for stock...
- Sebi discontinues investor risk reduction access platform for stock brokersMarket regulator Sebi on Thursday discontinued the Investor Risk Reduction Access (IRRA) platform for stock brokers with immediate effect, ...
- Real-time checks to improve discipline in credit cycleLenders will now report to credit bureaus weekly, a shift from fortnightly, enhancing real-time borrower risk assessment. This move is expe...
- RBI’s cell on regulations, advisory group to help systematic, timely review of rulesThe Reserve Bank of India has established a Regulatory Review Cell (RRC) within its Department of Regulation to streamline regulatory chang...
- Sebi simplifies registration of certain categories of FPIsTo facilitate ease of onboarding of Foreign Portfolio Investors and reduce duplication of available information, markets regulator Sebi on ...
- RRA recommends withdrawal of 225 more circulars: RBIThe RRA had recommended the withdrawal of 150 circulars in the first tranche of recommendations in November 2021 and 100 circulars in the s...
- Reserve Bank withdraws over 100 redundant circularsThe redundant circulars withdrawn relate to certain norms concerning Foreign Investment in India by Foreign Portfolio Investors, RTGS, Know...
- Finance Ministry initiates budget-making exercise for FY22The circular scheduled pre-budget discussions with the various ministries and departments starting from October 16 till the first week of N...
- Air India says some employees died of COVID-19, their kin to be compensated"To safeguard the interests of the families, it has been decided to make an ad-hoc payment to the family or legal heir of employees, who di...
- DGCA cancels over 150 'irrelevant' regulations, circularsIn a major overhaul of safety and technical rules, aviation regulator DGCA has cancelled over 150 "irrelevant" regulations, circulars .
- Top bureaucrats asked to implement Prime Minister's directive on speedy decisionsThe instructions were issued by Cabinet Secretary Ajit Seth on June 5 as a follow up to the meeting that Modi held with the top bureacrats ...
- No Cenvat credit on excise-duty exempted broken bottles: CBECThe manufacturers of bottled beverages will no more be able to retain the Cenvat credit or the tax set-off paid on inputs, claimed on broke...
- China moves more aggressively to curb constructionChina is moving more aggressively to rein in frantic construction activity in a bid to prevent overheating and preserve scarce land resourc...
- CBEC invites comments on draft circulars on service taxIn a bid to guide taxpayers and make tax payments easier, the Central Board of Customs and Excise today came out with two consolidated draf...
- Efforts to simplify service taxGovt plans to issue comprehensive circular on service tax by mid June on all 100 services under tax net.
- Service tax codes made easy: No need to go around in circularsThe TR Rustagi committee report on procedural simplifications in service tax has pitched for withdrawal of all circulars on procedural aspe...
- Finmin tells tax staff to follow new SEZ normsThe finance ministry has issued the much-awaited circular on implementation of the SEZ Act 2005 and SEZ Rules 2006.
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