Cabinet approves 4% hike in DA and DR w.e.f. from 1-7-2023
On 18-10-2023, the Union Cabinet has approved a 4% hike in Dearness Allowance (‘DA’) for Central Government employees and Dearness Relief (‘DR’)
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SEBI makes stringent provisions on Money Laundering and Terrorist Financing in accordance with PML (Maintenance of Records) Rules 2005
On 13-10-2023, the Securities and Exchange Board of India (‘SEBI’) notified amendments in its Master Circular dated 3-2-2023 on Guidelines on Anti-Money
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Centre notifies Green Credit Rules, 2023 to promote Green Credit Programme
Ministry of Environment, Forest and Climate Change notified the Green Credit Rules, 2023 to leverage a competitive market-based approach for green credit for incentivizing environmental actions of various stakeholders.
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Section 14 of IBC, 2016 will not apply to Transactions, Arrangements or Agreements
On 3-10-2023, the Ministry of Corporate Affairs notified that the provisions of Section 14 (1), relating to “Moratorium”, of the Insolvency and
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Provisions of Mediation Act, 2023 come into force wef 1-9-2023
The Ministry of Law and Justice notified, 9-10-2023, as the date on which certain provisions of the Mediation Act, 2023 came into
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[52nd GST Council Meeting] Recommends Amnesty Scheme for Taxpayers
On 7-10-2023, the Goods and Services Tax Council held its 52nd Meeting under the Chairpersonship of Union Minister for Finance and Corporate
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Combination Package and Group Package introduced vide Legal Metrology (Packaged Commodities) Amendment Rules, 2023
On 6-10-2023, the Ministry of Consumer Affairs, Food and Public Distribution notified the Legal Metrology (Packaged Commodities) Amendment Rules, 2023 to amend
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UIDAI brings in deactivation of Aadhaar numbers of Foreign Nationals on certain conditions
On 29-9-2023, the Unique Identification Authority of India (‘UIDAI’) notified the Aadhaar (Enrolment and Update) Amendment Regulations, 2023 to amend the Aadhaar
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RBI extends last date of exchange of Rs. 2000 banknotes until 7-10-2023
On 30-9-2023, the Reserve Bank of India (‘RBI’) announced that with effect from 8-10-2023, the deposit or exchange of Rs. 2000 banknotes
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Legislation Roundup September 2023: 106th Constitutional Amendment Act, 2023; Mediation Act 2023; Law Commission Report recommendation to amend POCSO; and more
STATUTES/BILLS/ORDINANCES 106th Constitutional Amendment Act 2023 paves the way for Women Lawmakers On 28-9-2023, the Ministry of Law and Justice notified the
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CBIC lays down provisions relating to online gaming vide CGST (Third Amendment) Rules, 2023
On 29-9-2023, the Central Board of Indirect Taxes and Customs notified the Central Goods and Services Tax (Third Amendment) Rules, 2023 to
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[Law Commission Report 283] Law Commission recommends amending POCSO Act, JJ Act and Penal Code
However, the Commission was of the view that it is not advisable to tinker with the existing age of consent under the POCSO Act.
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106th Constitutional Amendment Act 2023 paves the way for Women Lawmakers
On 28-9-2023, the Ministry of Law and Justice notified the Constitution (One Hundred and Sixth Amendment) Act, 2023 to further amend the Constitution of India.
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Upper House unanimously passes the Constitution (One hundred and Twenty-eighth Amendment) Bill, 2023
“A historic achievement” The Bill was passed by Lok Sabha on 20-9-2023 with a ratio of 254:2 and on 21-9-2023, the bill
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[Women’s Reservation Bill] Government introduces ‘Nari Shakti Vandan Adhiniyam’ in Lok Sabha
Today is a “historic moment for women empowerment” says Prime Minister.
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MoF increases Gratuity Limit and Term Insurance Cover for LIC agents
On 18-9-2023, the Ministry of Finance approved a series of welfare measures for the benefit of Life Insurance Corporation of India (‘LIC’)
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Mediation Bill 2023 receives President’s assent
On 15-9-2023, the Ministry of Law and Justice notified the Mediation Act, 2023 to especially promote institutional mediation for resolution of disputes,
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Government constitutes State Benches of GST Appellate Tribunal with effect from 14-9-2023
On 14-9-2023, the Central Government, on recommendations of the Goods and Services Tax (‘GST’) Council, constitutes the State Benches of the Goods
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RBI issues Master Directions on Classification, Valuation and Operation of Investment Portfolio of Commercial Banks excluding RRBs
On 12-9-2023, the Reserve Bank of India (‘RBI’) notified the Classification, Valuation and Operation of Investment Portfolio of Commercial Banks, Directions, 2023
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RBI asks lenders to maintain additional daily balance to keep liquidity tight
On 8-9-2023, the Reserve Bank of India (‘RBI’) decides to discontinue the Incremental Cash Reserve Ration (‘I-CRR’) in a phased manner and
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