Deductibility of settlement payments for securities law penalties and treatment of unexplained cash credits in share trading -- Tribunal upholds posit...
Threshold for allottee-initiated insolvency petitions in leasehold real estate upheld; petition admitted after possession letters deemed legally ineff...
Contravention of foreign exchange rules in crossborder diamond payments; appellate tribunal reduces one appellant's penalty for delay and proportional...
RPA (Remote Pilot Aircraft) for military use defined to include drones/UAV/UAS; exemptions limited to specified defence imports with Joint Secretary c...
Launch of a pilot credit assistance intervention to expand working-capital access for MSMEs engaged in cross-border e commerce by providing credit guarantee cover and interest subvention for Cash Credit, Overdraft and other working-capital facilities. Implementation parameters define eligible MSME criteria (IEC, Udyam, minimum trading/exports experience, inventory conditions), instrument-specific eligibility, due-diligence and sanction by MLIs, and claim invocation on NPA (claim window 90-360 days). Two sub-interventions set differential guarantee coverage and fees with prescribed annual subvention ceilings and operational procedures, implemented via designated implementing agencies and governed by a Sub-Committee and specified trust arrangements; excluded exports and sanction-country transactions are barred.
Launch of a pilot credit assistance intervention to expand working-capital access for MSMEs engaged in cross-border e commerce by providing credit guarantee cover and interest subvention for Cash Credit, Overdraft and other working-capital facilities. Implementation parameters define eligible MSME criteria (IEC, Udyam, minimum trading/exports experience, inventory conditions), instrument-specific eligibility, due-diligence and sanction by MLIs, and claim invocation on NPA (claim window 90-360 days). Two sub-interventions set differential guarantee coverage and fees with prescribed annual subvention ceilings and operational procedures, implemented via designated implementing agencies and governed by a Sub-Committee and specified trust arrangements; excluded exports and sanction-country transactions are barred.
Note: It is a system-generated summary and is for quick reference only.