GOVERNMENT OF ARUNACHAL PRADESH DEPARTMENT OF TAX, EXCISE & NARCOTICS ITANAGAR Notification No. 13/2022 - State Tax The 5th July, 2022 No. GST/23/2017/VolII/653.- In exercise of the powers conferred by section 168A of the Arunachal Pradesh Goods and Services Tax Act, 2017 (7 of 2017) (hereinafter referred to as the said Act) read with section 20 of the Integrated Goods and Services Tax Act, 2017 (13 of 2017) and section 21 of the Union Territory Goods and Services Tax Act, 2017 (1... ... ...

New Delhi, Sep 21 (PTI) The next round of talks for a Comprehensive Economic Partnership Agreement (CEPA) between India and Canada will be held from October 5, Commerce and Industry Minister Piyush Goyal said on Monday. "...the next 90 days should be a very defining period in the Canada-India relationship," he told reporters here. The fourth round of negotiations concluded here on September 18. The talks are moving at a faster pace as both the countries are targeting to conclude the nego... ... ...

GOVERNMENT OF ARUNACHAL PRADESH DEPARTMENT OF TAX, EXCISE & NARCOTICS ITANAGAR Notification No. 14/2022 -State Tax The 5th July, 2022 No. GST/23/2017/Vol-II/654. In exercise of the powers conferred by section 164 of the Arunachal Pradesh Goods and Services Tax Act, 2017 (07 of 2017), the State Government, on the recommendations of the Council, hereby makes the following rules further to amend the Arunachal Pradesh Goods and Services Tax Rules, 2017, namely : - 1. Short title an... ... ...

Re-insurance contracts must meet risk-transfer requirements and protect the ceding insurer or retrocessionaire from negative financial effects arising from ceded insurance business. In alternative risk transfer arrangements combining re-insurance and financing, separable components must be accounted for individually. Where they are inseparable, the entire arrangement must be treated as a financial transaction. Accounting must follow substance over form and applicable accounting standards.

CHAPTER II RE-INSURANCE STRATEGY AND OBJECTIVES OF RE-INSURANCE PROGRAMME 4. - (1) Every IIO shall develop and document its Re-insurance Strategy and Re-insurance Programme (RSRP), which shall form an integral part of the IIO's overall underwriting strategy and risk management philosophy. (2) The policies and procedures for selecting and monitoring re-insurance arrangements as well as management responsibilities and controls including re-insurance management systems shall be include... ... ...

3. - (1). In these regulations, unless the context otherwise requires - (a) 'accounting year' shall have the same meaning as assigned to it under clause (ii) of sub-regulation (1) of regulation 4 of the International Financial Services Centres Authority (Preparation and Presentation of Financial Statements of International Financial Service Centre Insurance Offices) Regulations 2022; (b) 'Act' means the International Financial Services Centres Authority Act, 2019 (50 of 201... ... ...

2. - To provide framework for oversight and control of inward and outward arrangement of re-insurance business by the International Financial Service Centre Insurance Offices (IIOs). =============... ... ...

INTERNATIONAL FINANCIAL SERVICES CENTRES AUTHORITY NOTIFICATION Gandhinagar, the 11th April, 2023 International Financial Services Centres Authority (Re-insurance) Regulations, 2023 F. No. IFSCA/2022-23/GN/REG036.-In exercise of the powers conferred by Section 28 read with sections 12 and 13 of the International Financial Services Centres Authority Act, 2019, and clause (zd) of sub-section (2) of Section 114A of the Insurance Act, 1938, the International Financial Services Centres Au... ... ...

INTERNATIONAL FINANCIAL SERVICES CENTRES AUTHORITY NOTIFICATION Gandhinagar, the 26th April, 2023 F. No. IFSCA/2022-23/GN/REG035.- In exercise of the powers conferred by Section 28 read with Sections 12 and 13 of the International Financial Services Centres Authority Act, 2019, and clause (zd) of sub-section (2) of Section 114A of the Insurance Act, 1938, the International Financial Services Centres Authority hereby makes the following regulations, namely - CHAPTER- I GENERAL ... ... ...

New Delhi, Delhi, India (NewsVoir) • Semiconductor imports increased more than fivefold from USD 5.7 billion in FY17 to USD 30.3 billion in FY25, at a CAGR of 23% • Consumer electronics, automotive and industrial applications are the largest demand drivers, accounting for 30%, 16% and 15% of India’s semiconductor market, respectively • India accounts for nearly 20% of the world’s chip design engineers, providing a strong base to scale manufacturing and innovation India’s semiconductor m... ... ...

during Vishwakarma Puja & Seva Sankalp Program organised on birthday of Prime Minister Narendra Modi Lucknow: A meeting of the State Legislature Pensioners' Association was held in the conference hall of the Vidhan Bhavan, Lucknow, presided over by Dr. C.P. Sharma with Babita Singh Chauhan, Chairperson of State Women's Commission attending as the chief guest. Distinguished guests who addressed the gathering included Chandra Bhushan Tripathi (IAS, MD of the Uttar Pradesh Cooperative Federation);... ... ...

SHRI ABY T. VARKEY, JM AND SHRI M. BALAGANESH, AM For the Assessee : Shri Dhanesh Bafna/Shri Yogesh Malpani/Ms. Chandani Shah/Ms. Kinjal Patel For the Revenue :Shri Sunil Umap (DR) ORDER PER ABY T. VARKEY, JM: The aforesaid appeals have been preferred by the assessee against the separate final assessment orders dated 27-08-2019, 21-04-2022 & 21-04-2022, passed by the Assessing Officer ('the AO') u/s 144C r.w.s. 143(3) of the Act pursuant to the directions given by the Dispute Reso... ... ...

The amendment is confined to the entry in column (3) against serial number 4 and operates by substitution. The substituted goods entry expressly covers fly ash bricks, fly ash aggregates and fly ash blocks. This revised entry takes effect on 18 July 2022, replacing the previously applicable column (3) entry for that serial number.

Life insurance IIOs must maintain a minimum Solvency Ratio of 150%, determined by dividing Available Solvency Margin by Required Solvency Margin. Available Solvency Margin comprises excess admissible assets over mathematical reserves and other liabilities in policyholders' and shareholders' funds. Required Solvency Margin combines insurance-risk capital calculated from mathematical reserves and sum at risk, using business-specific factors, with investment-risk capital calculated by applying asset- and rating-based factors to admissible assets.

Life insurance mathematical reserves must be determined for each policy using prospective valuation, reflecting future premium and benefit contingencies, policyholder bonus expectations, options, guarantees, and prudent assumptions incorporating a Margin for Adverse Deviations. Gross Premium Valuation is the usual method; permitted alternative approximation methods cannot yield lower reserves. The gross premium method discounts material future cash flows, including premiums, benefits, bonuses, commissions, expenses, shareholder allocations where linked to bonus rates, and tax. Options and guarantees are valued as special cash flows.

Specified unrealisable, non-financial and other prescribed assets must be assigned a zero value when determining admissible assets for life insurance solvency purposes. An IIO must prepare Form ALSM-L-A using audited balance-sheet values, separately identifying policyholders', shareholders' and total assets. Inadmissible investment, fixed and current assets, together with the fair value change account subject to a minimum of zero, are deducted before current liabilities and provisions are deducted to calculate total admissible assets for solvency.

Regulation 9 disapplies, in International Financial Services Centres, the 2016 life insurance requirements on assets, liabilities, solvency margins, actuarial reports and abstracts, together with circulars and guidelines issued under them. Prior actions taken or purportedly taken under those instruments are deemed taken under corresponding applicable provisions. IIOs operating at commencement must meet any additional requirements within six months, subject to an Authority-specified extension.

The Authority may issue clarifications through guidance notes or circulars to address difficulties in applying or interpreting the regulations. Strict enforcement of any regulatory provision may be relaxed on an application accompanied by specified non-refundable processing fees, provided the reasons are recorded in writing.

Implementation of life-insurance asset, liability, solvency-margin and actuarial-report requirements may be supported by norms, procedures, processes and compliance methods specified by the Authority for Insurance Intermediary Offices (IIOs), including matters incidental to implementation of the regulatory framework.

Regulation 6 establishes inspection, investigation, information-gathering and disclosure powers for life insurance business carried on by an IIO. The Authority may inspect or investigate an IIO's affairs and call for information from the IIO or its parent entity. It may specify activity-related disclosures an IIO must make to the Authority about its activities.