Tag: Status

On 1 October 2020, the International Financial Services Centres Authority (IFSCA) became the unified regulator for all financial services and financial products in the International Financial Services Centre (IFSC). Thereafter, IFSCA notified the IFSCA (Market Infrastructure Institutions) Regulations, 2021 on April 16, 2021 and since that date are applicable to CCPs established and operating in the IFSC. The European Commission (EC), on the basis of its assessment has concluded that the legal and supervisory arrangements in respect of CCPs authorised by IFSCA provide for effective supervision and ongoing enforcement, and comply with the requirements laid ... Read more

At the time of introduction of GST, the Constitution amendment provided that the Parliament, by law shall provide compensation to States for a period of five years for loss of revenue due to introduction of GST. Accordingly, the GST Compensation to States Act was legislated which provides for release of compensation against 14% year-on-year growth over revenues in 2015-16 from taxes subsumed in GST. This compensation cess is credited to the compensation fund and as per the Act, all compensation is paid out of the fund. Presently, cess is levied on items like pan masala, tobacco, coal ... Read more

As per the Economic Survey Reports, estimated employment in Manufacturing Sector in India was 5.7 crore in 2017-18, 6.12 crore in 2018-19 which was further increased to 6.24 crore in 2019-20. Labour Bureau under the Ministry of Labour & Employment conducts Quarterly Employment Survey (QES) as part of All India Quarterly Establishment based Employment Survey for establishments having 10 or more workers.  As per the results of the first round for the period April to June 2021, employment increased to 3.08 crore (approximately) in the nine selected sectors of the economy against a total of ... Read more

North Eastern Council (NEC) has been implementing various projects in different sector including health under MDoNER’s scheme, “Schemes of NEC”. The details of funds allotted (Amount of projects sanctioned) and utilised for health sector during the last five years is as under: (Rs. In crore) Sl. No. FY Project Sanction Amount Fund released for utilisation 1 2017-18 22.00 20.90 2 ... Read more

Smart meters are being installed under various schemes of Government of India as well as by the State Utilities themselves. Government of India is providing funding to the States for implementation of smart metering under National Smart Grid Mission (NSGM) and Integrated Power Development Scheme (IPDS). EESL is also implementing smart metering projects being launched by the DISCOMs at their own independent initiative in the States of Uttar Pradesh, Haryana, Bihar, Rajasthan, A&N Islands, Delhi etc. on OPEX basis wherein EESL is making the initial capital expenditure and DISCOMs are paying back to EESL on monthly rental ... Read more