16 June, 2020
India with 12 Countries Leads “Verified” Initiative of United Nations to Counter Misinformation on COVID-19
India with 12 other countries lead the “Verified” initiative launched by the United Nations on 21st May 2020, to fight the spreading of misinformation about COVID-19 with fact-based accurate information.
Highlights of 40th GST Council meeting chaired by Finance Minister Nirmala Sitharaman
Union Finance & Corporate Affairs Minister Nirmala Sitharaman chaired the virtual 40th GST Council Meeting. The key outcome of this meet was further relief on late fee and interest payable on late payments as a part of compliance burden of businesses. This was first meeting after COVID-19 breakout in India.
RBI Releases New Framework For Financial Market Infra, Retail Payment System; NPCI & NEFT classified as FMI
India’s central bank, the Reserve Bank of India (RBI) has made some changes to the monitoring structure of Financial Markets Infrastructure (FMI) and Retail Payment Systems (RPSs) with the aim to ensure the security and stability of the payment structure.
IBBI restructures committee on corporate insolvency resolution & Liquidation under the chairmanship of Uday Kotak
In pursuance of regulation 3 of the Insolvency and Bankruptcy Board of India (IBBI) advisory committee regulation 2017, the IBBI board has restructured an advisory committee on Corporate Insolvency Resolution and Liquidation process by including four new members.