GST
Enhanced Registration application User Interface (UI) (March 10, 2022) 
User Interface (UI) with respect to the address fields in the Registration Application GST REG-01 has been enhanced as follows:- 
  •  Incorporation of a map tile along with a drag and drop facility of address pinhead on to the exact   location of the applicant’s address.
  •  Once selected, the details will automatically fill in the various address input fields given in the       application. 
  •  Address fields have been linked so as to auto- fill other macro level address entry fields based on the entry in one of such fields particularly PIN Codes. For example; on entering the PIN code, the corresponding State and Districts will get auto- filled. 
  •  The user can also directly fill-up the address input fields which are now aided with suggestive address input dropdowns from which the user can select the appropriate/relevant address field(s). This action will reduce errors in the address texts and will also ease the filling up of the appropriate address input fields by the user. 
  • The address fields have been segregated appropriately to reduce confusions while entering the relevant inputs under various address heads. 
  • Based on the address entries given by the user, the Latitude/ Longitude of the address will get auto populated which is non-editable.
Ministry of Law and Justice
Press Communique (11 MAR 2022)

In exercise of the power conferred by Article 223 of the Constitution of India, the President, is pleased to appoint the Shri Justice Vipin Sanghi, senior-most Judge of the Delhi High Court to perform the duties of the office of Chief Justice of that High Court, with effect from 13.03.2022, vide notifications dated 11.03.2022.

For Press Release, Click Here 

Ministry of Commerce & Industry

India – Canada to re-launch the Comprehensive Economic Partnership Agreement (CEPA) negotiations to unlock full potential of bilateral trade (11 MAR 2022)

India and Canada held the fifth Ministerial Dialogue on Trade & Investment (MDTI) here today.  Minister of Commerce and Industry, Consumer Affairs and Food, and Public Distribution and Textiles, Shri Piyush Goyal and Ms. Mary Ng, Minister of Small Business, Export Promotion and International Trade, Government of Canada co-chaired the MDTI.

The Ministers agreed to formally re-launch the negotiations for India-Canada Comprehensive Economic Partnership Agreement (CEPA) and also consider an Interim Agreement or Early Progress Trade Agreement (EPTA) that could bring early commercial gains to both the countries.  The Ministers highlighted the existing trade complementarities between India and Canada and emphasised that the trade agreement would help in expanding bilateral trade in goods and services through unlocking the potential across sectors. The Interim Agreement would include high level commitments in goods, services, rules of origin, sanitary and phytosanitary measures, technical barriers to trade, and dispute settlement, and may also cover any other areas mutually agreed upon.

For Press Release, Click Here

Business

Prabha Narasimhan to join Colgate-Palmolive India as MD and CEO (March 11, 2022 )

Colgate Palmolive (India)’s nomination & remuneration committee has recommended the name of Prabha Narasimhan as its next MD and CEO to the board of directors for her appointment effective from September 1, the company has said in its filing.

This comes after Colgate Palmolive (India)’s current MD and CEO Ram Raghavan was elevated to the position of president of enterprise Oral Care for Colgate Palmolive Company, the parent Company of Colgate-Palmolive (India), and will be based out of its headquarters in New York with effect from April 16.

For News Report, Click Here

SEBI

Extension of timeline for submission of public comments on the Consultation Paper for Environmental, Social and Governance (ESG) Rating Providers for Securities Markets (March 10, 2022) 

SEBI has extended the timeline for submission of comments on the consultation paper for ESG Rating Providers for Securities Markets. The said comments may be offered in the prescribed format upto April 10, 2022.

For Official Notification, Click Here

Judicial Pronouncement

Date

Parties

Court

2.03.2022

F. LIANSANGA

Vs.

UNION OF INDIA

SUPREME COURT


 Order :

The Supreme Court ruled that Section 5 does not apply to suits, but only to appeals and to applications except for applications under Order XXI of the Civil Procedure Code. The Court has no power to extend the period of limitation on equitable grounds, even though the statutory provision may sometimes cause hardship or inconvenience to a particular party.

For the Copy of Judgement, Click Here

Word of the Day

Mercantilism: Mercantilism is an economic theory that emphasizes self-sufficiency through a favorable balance of trade. Mercantilist economic policies rely on government intervention to restrict imports and protect domestic industries.

Market Today (as on 11.03.2022) 

S & P BSE Sensex                                      55550.30 (+85.91)

Nifty 50                                                      16630.45 (+35.55)


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