As per the RBI: the Cheque Truncation System (CTS) for clearing cheques is operational pan- India and presently covers 2 per cent and 15 per cent of total retail payments in terms of volume and value respectively; the average value of a cheque cleared in CTS presently is ₹82,000. The CTS-2010 standard specifying minimum- security […]
The Women Safety Division of Ministry of Home Affairs, Government of India, on 9th October 2020, has written to the Chief Secretaries / Advisors to Administrators of all States and UTs DsGP / IsGP of all States and UTs Principal Secretary / Secretary, Home Department of all States and UTs Commissioner of Police, Delhi that all States/ […]
The Ministry of Law & Justice, on 23rd September 2020, vide notification no. CG-DL-E-23092020-221917 notified the Insolvency and Bankruptcy Code (Second Amendment) Act, 2020. It shall be deemed have come into force on the 5th day of June, 2020. A new Section 10A has been inserted, as per which, notwithstanding anything contained in sections 7, […]
The bill to enact The Farmers’ Produce Trade and Commerce (Promotion and Facilitation) Act, 2020 (hereinafter referred to as the “proposed act”) was passed in the Lok Sabha on 14thSeptember 2020 and was passed in the Rajya Sabha on 20th September 2020. This Bill replaced the Farmers’ Produce Trade and Commerce (Promotion and Facilitation) Ordinance, […]
The Department of Health and Family Welfare, Ministry Of Health And Family Welfare, on 27th July 2020, vide notification no. S.O. 2451(E). directed that “hand sanitizer” shall be exempted from the requirement of sale licence for its stocking or sale under the provisions of Chapter IV of the Drugs and Cosmetics Act, 1940 and the […]
The Board of Governors in super session of Medical Council of India, on 22nd July 2020, vide notification no. MCI-18(1)/2020-Med./110890. has notified the Postgraduate Medical Education Regulations, 2020 in order to amend the Postgraduate Medical Education Regulations, 2000 As per the existing regulations, only a department having an independent academic entity of a teaching institution, […]
The Department of Health and Family Welfare, under the Ministry of Health and Family Welfare (MoHFW), on 27th July 2020, vide notification no. S.O. 2450(E). notified that for import of drugs for sale or distribution, if an existing Registration Certificate holder under the said rules, makes an application for a fresh Registration Certificate before the […]
