1. UDIN Updation has been enabled for Form 3CB-3CD on Income Tax Portal. The Last Date to Update UDIN is April 30, 2022.
2. Sebi announced formation of two working groups to review the role and eligibility of a sponsor of a mutual fund. The first group will look at an alternative set of eligibility requirements to enable new players, who otherwise may not have been eligible, to act as sponsors.
3. From April 1, the interest on provident fund (PF) contributions of employees across India under a specific bracket will be taxed. The EPF contributions above Rs 2.5 lakh annually will be taxed by the Centre.
4. RBI has implemented a 3.75 percent Standing Deposit Facility (SDF) as part of its liquidity management strategy. The Central bank has introduced the Standing Deposit Facility (SDF) at 3.75 percent to absorb excess liquidity. It has also decided to restore the Liquidity Adjustment Facility (LAF) corridor and Marginal Standing Facility (MSF) at 4.25 percent.