HOT AND
HAPPENING
AI in Law
GI in SGD
the juvenility of heinousness
guidelines for coaching institutes
lawyers cannot be sued under consumer law
UKs Abortion Bill
Artificial intelligence is increasingly become inevitable in all sectors work. The use of AI in the legal sector has gained traction.
Geographical Indications (GI) is an important IPR in pursuit of sustainable development goals.
Subathra and Sandhya engage in a discussion on how law treats children when they come in conflict with law.
The Ministry of Education, GOI has issued a set of guidelines to safeguard student interest in their fundamental right – education.
The latest set of circulars and notifications brought out by the MCA, FEMA, SEBI & RBI.
Circulars
Circulars
8th May, 2024
Master Direction – Reserve Bank of India (Margining for Non-Centrally Cleared OTC Derivatives) Directions, 2024
Notifications
3rd May, 2024
Master Direction – Risk Management and Inter-Bank Dealings: Amendments
3rd May, 2024
Banks’ Exposure to Capital Market – Issue of Irrevocable Payment Commitments (IPCs)
8th May, 2024
Master Direction – Reserve Bank of India (Margining for Non-Centrally Cleared OTC Derivatives) Directions, 2024
8th May, 2024
Margin for Derivative Contracts
10th May, 2024
Foreign Exchange Management (Deposit) (Fourth Amendment) Regulations, 2024
16th May, 2024
Formation of new district in the State of Assam – Assignment of Lead Bank Responsibility
22nd May, 2024
Internal Review – Interim Recommendations – Withdrawal of Circulars
27th May, 2024
Instructions on Money Changing Activities
Master Circulars
7th May, 2024
Master Circular for Registrars to an Issue and Share Transfer Agents
7th May, 2024
Master Circular for Alternative Investment Funds (AIFs)
10th May, 2024
Master Circular for Custodians
15th May, 2024
Master Circular for Real Estate Investment Trusts (REITs)
15th May, 2024
Master Circular for Infrastructure Investment Trusts (InvITs)
16th May, 2024
Master Circular for Credit Rating Agencies (CRAs)
16th May, 2024
Master Circular for Debenture Trustees (DTs)
16th May, 2024
Master Circular for ESG Rating Providers (ERPs)
21st May, 2024
Master Circular for Research Analysts
21st May, 2024
Master Circular for Investment Advisers
22nd May, 2024
Master Circular for Stock Brokers
30th May, 2024
Master Circular for Foreign Portfolio Investors, Designated Depository Participants and Eligible Foreign Investors.
Circulars
2nd May, 2024
Framework for administration and supervision of Research Analysts and Investment Advisers
2nd May, 2024
Facilitating collective oversight of distributors for Portfolio Management Services (PMS) through APMI
6th May, 2024
Entities allowed to use e-KYC Aadhaar Authentication services of UIDAI in Securities Market as sub-KUA
7th May, 2024
Periodic reporting format for Investment Advisers
13th May, 2024
Certification requirement for key investment team of manager of AIF
14th May, 2024
Review of validation of KYC records by KRAs under Risk Management Framework.
21st May, 2024
Framework for considering unaffected price for transactions upon confirmation of market rumour.
21st May, 2024
Industry Standards on verification of market rumours
24th May, 2024
Audiovisual (AV) presentation of disclosures made in Public Issue Offer Documents
24th May, 2024
Modification in Staggered Delivery Period in Commodity Futures Contracts
24th May, 2024
Norms for sharing of real time price data to third parties
24th May, 2024
Enhancement of Dynamic Price Bands for scrips in the Derivatives segment
27th May, 2024
Timelines for disclosures by Social Enterprises on Social Stock Exchange (“SSE”)
27th May, 2024
Self Regulatory Organizations for Social Impact Assessors in the context of Social Stock Exchange (SSE)
29th May, 2024
Investor Charter for Depositories and Depository Participants
29th May, 2024
Norms for acceptable collaterals and exposure of Clearing Corporations
29th May, 2024
Modification in requirement of inspection of accredited warehouses by Clearing Corporations.
29th May, 2024
Investor Charter for Stock Exchanges
30th May, 2024
Ease of Doing Business – Internet Based Trading for Stock Brokers
30th May, 2024
Revision of eligibility criteria for launching commodity futures contracts
Notifications
Circulars
9th May 2024
Uploading of judicial orders related to insolvency proceedings by Insolvency Professionals.
Notifications
Nil
Notifications
8th May, 2024
Notification No. 42/2024 [F. No. 300196/40/2019-ITA-I] / SO 1965(E)
22nd May, 2024
Notification No. 43/2024 [F. No.300196/32/2024-ITA-I] / SO 2076(E)
24th May, 2024
Notification No. 44/2024 [F.No.370142/10/2024-TPL] / SO 2103(E) :Cost Inflation Index for FY 2024-25
27th May, 2024
Notification No. 45/2024 [F. No 370142/8/2024-TPL] / SO 2107(E)
27th May, 2024
Notification No. 46/2024 [F. No 370142/8/2024-TPL] / SO 2106(E)
29th May, 2024
Notification No. 47/2024 [F. No. 370133/12/2023-TPL] / SO 2121(E)
Circulars
NIL
Notifications
29th May 2024
10/2024 – Central Tax – Seeks to amend the Notification no. 02/2017-CT dated 19.06.2017 with effect from 5th August, 2023
30th May 2024
11/2024 – Central Tax – Seeks to amend Notification No. 02/2017-CT dated 19th June, 2017 to assign district of Kotputli-Behror to CGST Alwar Commissionerate
Circulars
NIL
Notifications
A. Tariff
3rd May 2024
24/2024 – Customs – Seeks to amend specified customs tariff notifications to exempt applicable import duty on imports of desi chana (HS 0713 20 20) up to 31.03.2025; to impose export duty of 40% on exports of Onions (HS 0703 10); to extend the specified condition of exemption to imports of Yellow Peas (HS 0713 10 10) to bill of lading issued on or before 31.10.2024
6th May 2024 – 25/2024 – Customs – Seeks to further amend List 34A and List 34B in the Appendix to the Table of Notification No. 50/2017-Customs dated 30.06.2017
B. Non-Tariff
2nd May 2024
34/2024 – Customs (N.T) – Exchange Rate Notification No. 34/2024-Cus (NT) dated 02.05.2024-reg.
15th May 2024
35/2024 – Customs (N.T) – Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver- Reg
16th May 2024
36/2024 – Customs (N.T) – Exchange Rate Notification No. 36/2024-Cus (NT) dated 16.05.2024-reg
21st May 2024
37/2024 – Customs (N.T) – Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver- Reg
31st May 2024
28/2024 – Customs (N.T) – Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver- Reg.
C. Anti-Dumping Duty
16th May 2024
8/2024 – Customs (ADD) – Seeks to impose Anti-dumping duty on import of ‘Pentaerythritol’ from China PR, Saudi Arabia and Taiwan for 5 years, pursuant to final findings issued by DGTR.
CVD
28th May 2024
2/2024 – Customs (CVD) – Seeks to amend notification No. 2/2019-Customs (CVD) dated 30th August, 2019 in order to extend the levy of Countervailing Duty on ‘Saccharin in all its forms’ imported from China PR upto and inclusive of the 28th February, 2025.
Safeguards
NIL
Circulars
7th May 2024
4/2024 – Amendments to the All Industry Rates of Duty Drawback effective from 03.05.2024
22nd May 2024
5/2024 – Disposal of Unmanned Aircraft Systems (UAS)/Unmanned Aerial Vehicles Systems (UAV)/Remotely Piloted Aircraft Systems (RPAS)/ Drones
Notifications
Tariff
15th May 2024
4/2024 – Central Excise – Seeks to amend No. 18/2022-Central Excise, dated the 19th July, 2022 to reduce the Special Additional Excise Duty on production of Petroleum Crude.
31st May 2024
15/2024 – Central Excise – Seeks to amend No. 18/2022-Central Excise, dated the 19th July, 2022 to reduce the Special Additional Excise Duty on production of Petroleum Crude.
Non-Tariff
NIL
Others
NIL
Circulars
NIL
A significant ruling by the Supreme Court exempts lawyers from being sued for deficiency in service.
The Energy conservation Act 2001 deals with not only conservation of energy but efficient use of energy resources as well.
UK’s Abortion Bill has received a mixed bag of responses.
Find out the lawgic behind why Milan is a happy city!
An ancient 19th century regulation in Austria & Hungary requires every citizen of Milan to smile in public places. In fact, any person found frowning will be fined! The exception(s) – being in a funeral or visiting a sick person or a hospital. While it is not clear if this applies to visitors and tourists, be sure to keep the frown upside down the next time you visit Milan. After all a smile is contagious and spreads happiness 😊
Judgment is beyond perceptions. Reality is often overlooked.
How many times have we looked at someone and concluded on them based on their dress, look, demeanour, table manners, economic strata or even social media presence? Judging others is probably the most natural thing humans do after breathing.
It is believed that ‘first impression is the best impression’. It is a dichotomy to being judgemental. A first impression is involuntary while judging someone is a conscious act – intentionally thought through.
People judge others harshly/critically. It is never a positive act of appreciation. Often, this arises out of an ‘I am better than them” attitude. Sometimes, it arises out of an unhealthy competitive and envious streak. Most of all it arises due to lack of self-esteem. The person being judged suffers low self-esteem, inferiority complex, lack of confidence and mental agony. Ironically, the same happens to the person judging others well!
It is important for each of us to understand that when we judge, we get judged as well. Each of us must pause to understand the value of positive affirmation and kind words. Sure, we cannot accept all that the other person does. But it is in our hands to filter the positive aspects while recognizing the negatives in a person. An act of motivation and encouragement will go a long way in fostering a positive ecosystem by developing strong interpersonal relationships and eventually make the world a better place to live in.
Renowned Swiss Psychiatrist and Psychotherapist said -“Thinking is difficult, that’s why most people judge.”
So, the next time you think of a person as someone ‘who has it all’, scratch the surface and beneath it you will find all the trials, tribulations, hard work and sacrifices made to ‘have it all’.