The Food Safety and Standards Authority of India (FSSAI) is a regulatory body organized by the Ministry of Health & Family Welfare of India. All food businesses, including manufacturers, traders, restaurants, small restaurants, grocery shops, or exporters must have the FSSAI registration number on file – it’s 14 digits long. FSSAI registration is mandatory. The 14-digit FSSAI license number indicates the registration details of a food producer in subtle ways and the assembly state. It is Given to all businesses related to food. People who are involved with the food business must have an FSSAI license.
Who can get FSSAI license?
Any person doing business related to production, processing, storage, distribution as defined in Food Safety and Standards Act, 2006 must get the FSSAI license. It shall be illegal for any person to engage himself in any food business without getting a license from FSSAI (Food Safety and Standards Authority of India) or obtain registration with State/ UT Food Authority.
There are 3 types of FSSAI License:
FSSAI Basic License.
FSSAI State License.
FSSAI Central License.
FSSAI Basic License:
Basic food license is necessary for an annual turnover of less than 12 Lakhs.
FSSAI State License:
The annual turnover should be between Rs.12 lakh – Rs.2 Cr. for state licenses. State licenses are required if the business is repacking or relabelling items regardless of their turnover.
FSSAI Central License:
In cases where the annual turnover is higher than 20 crores, a Central license must be applied for.
If you want to be a food business operator, you need to get the FSSAI License. It is because there are penalties and legal charges if you don’t follow the rules. So get it before you start your business so that everything is OK.
Documents for FSSAI registration :
The following documents are required to apply for the FSSAI registration number:
1. Valid Address proof and ID Proof. (Voter ID, Driving license, Ration card, Passport issued by central/state government, etc).
2. Form-B signed by the Proprietor or Partner or Authorized Signatory.
3. The layout of the operating area including the area and operation area. It is Mandatory for manufacturing units, processing units, re-packers, and re-labelers.
4. Name and contact nos. of Directors/Owners/partners etc.
FSSAI License Fees:
Basic License: Rs.100 per year
State License: Rs.2000 0r Rs.5000 per year
Central License: Rs.7500 per year.
Benefits of FSSAI License
FSSAI License/Registration makes your food business legal. It will build goodwill. Also, this license can help to expand the business and regulate imports of food as well as distribution of them.
Penalties
Punishment for carrying out a food-related business without the FSSAI License.
It’s a punishable offense to manufacture, sell, store or distribute food without a license. If found guilty the punishment will be six months in prison and a fine of Rs 5 lakhs.
False advertising is a punishable offense.
Any person or organization who publishes an advertisement that:
Anyone who promote a food product that is not as it seems or if they falsely promise the quality of their products commits an offense and may be liable to a penalty of upto 10 lakh.
FSSAI License Renewal
You should renew your FSSAI license 1 month in advance before the expiry of your existing license.
ePan Note: Before you apply for a new PAN card make sure you do not have any PAN card issued to you in the past. Having more than one PAN Card will attract a penalty of Rs 10,000 under Section 272B of the Income Tax Act.
Now you can get a Permanent Account Number (PAN) in just 10 minutes. Using this process you will get e-PAN in pdf format which you can print and use it as any other PAN Card. In case you need physical PAN Card you will be paying Rs.50/- to get the physical PAN Card. In this digital India, you don’t need any physical PAN as ePAN pdf can be printed and submitted as and when required.
Important Points to Remember:
You don’t need to upload any document to get e-PAN
You don’t need to pay for e-PAN its FREE!
This is only applicable for anyone who never applied for PAN Card in the past.
Minors will not be able to apply for e-PAN
You will be able to apply for an e-PAN only if your full date of birth in DDMMYYYY format is in the Aadhar database.
You also need to have linked your mobile Number to generate OTP.
Now, if you fulfill all the above conditions, follow the steps below to get PAN Card online.
Get e-PAN Online in 10 Minutes: Follow Steps
Visit the e-filing portal and click on the “Instant PAN through Aadhaar” section under “Quick Links” on the left side.
Click “Get New PAN” on the new page.
Enter your Adhar card number for the new PAN card
Type the Captcha code to generate an OTP on your Aadhaar-linked mobile phone.
Enter the OTP Received on your Adhar Linked Mobile
Verify Aadhaar details.
You will also have an option to verify your email address for the PAN card application.
After the successful eKYC, you will be allotted an instant e-PAN.
You can download the e-PAN in pdf format by submitting the Aadhaar number at “Check Status/ Download PAN”. If you have your email address registered you will also get the e-PAN pdf in your email attachment. By using these above steps you will have the e-PAN within 10 minutes.
In the last union budget govt. has announced interchangeability on PAN and Adhar for many transactions. In the future, you might be able to open a bank account with your Aadhar card.
most of the insurance companies depend upon Third Party Administrator (TPA) for carrying out the procedure of the claims. The simple meaning is, one the insurance policy is sold to the policy holder, and the insurer passes on the responsibility to the TPA. This way, all the verifications and formalities are completed through the Third Part Administrator (TPA).
Over the time, health insurance has proved to be one of the most asked policies. Often customers wonder about the settlement of the claims, and the process whereby the claims are settled by the insurance companies. This article will thereby give you a bit on how health insurance claims processing works.
These days, most of the insurance companies depend upon Third Party Administrator (TPA) for carrying out the procedure of the claims. The simple meaning is, one the insurance policy is sold to the policy holder, and the insurer passes on the responsibility to the TPA. This way, all the verifications and formalities are completed through the Third Part Administrator (TPA).
The insurance companies have brought two basic ways to settle the claim, such as;
Cashless option- In the cashless way, the treatment can be undertaken only at some of the specified network of hospitals. The things required to be done in this type of settlement in detailed information to e given to the TPA, and he should be informed well in advance about the treatment and the period of hospitalization planned for the insured. The amount that is claimed should be claimed by the TPA. In case of any type of exclusions the TPA settle the amount with the hospital and informs the insured.
Reimbursement option– The reimbursement option can be availed at any hospital chosen by the insured. Here, the insured takes up the treatment at the hospital and settles the bill directly. After that, he can claim the reimbursement of the money spent during the tenure of the treatment by submitting all the necessary bills and documents to the TPA. After the approval of the TPA, the insured is paid the reimbursement by the insurance company.
Here, it’s observed that the Third Party Administrator (TPA) is given utmost importance for getting the claims settled. The TPA is given incentives to settle the claims and they are not linked directly to the insurance policy. So, many times, they take a lot of time to make the settlements of the claim. So, it’s best to check with the TPA of the respective policy, and would be helpful enough to process the claims in the near future. There are even insurance companies who settle the claims directly without any help from the TPA.
These are some of the common steps to settle your claims and get the money for the treatments done; it’s easier to go with the procedure if you are aware of the basic details beforehand.
First of all, if you still don’t have an Aadhar card, get it as soon as possible. Aadhar is a very important document and you will need it at every point in life. Govt. wants to curb Money-laundering (Maintenance of Records) and have a clean economy. Hence all the financial services need to be linked with PAN and Aadhar.
Insurance Regulatory and Development Authority of India (IRDAI) has made it compulsory to link the unique identity number Aadhaar with all insurance policies.
IRDA has issued a circular which is as mentioned below:
Central Government vide gazette notification dated 1st June 2017 notified the Prevention of Money-laundering (Maintenance of Records) Second Amendment Rules, 2017 making Aadhar and PAN/Form 60 mandatory for availing financial services including Insurance and also for linking the existing policies with the same.
The Authority clarifies that, linkage of Aadhaar number to Insurance Policies is mandatory under the Prevention of Money-laundering (Maintenance of Records) Second Amendment Rules, 2017.
These Rules have statutory force and, as such, Life and General Insurers (Including Standalone Health Insurers) have to implement them without awaiting further instructions.
If you have a username and password for the LIC customer portal, you can log in to your account and update your Aadhar and PAN card directly here: https://ebiz.licindia.in/D2CPM/#Login
Visit your servicing branch with your Aadhaar card, they will get your LIC policy linked. If your multiple policies issued in different branches, you will need to visit all the branches to where your policy belongs to. Or better transfer all your policy in one branch, so it will become easier for you in future too.
The last date to Link your Aadhaar with your insurance policy is 31st December 2017.
What’s the Benefit?
Linking an Aadhar card with your Insurance is beneficial for both. company will get fewer fraudulent claims and policyholders will see faster claim settlement.
What happens, if I do not link my Aadhar?
Your policy will continue provided you submit your KYC documents at the time of renewal. If you have a health insurance policy then your claim might not be approved until you submit your KYC documents (Check with your health insurance company). So it’s better to link your Aadhaar with your policy as soon as possible.
What Kind of Insurance Policy needs to be linked?
All Insurance policies including Life Insurance, General Insurance, Health Insurance, Motor Insurance, etc need to linked with Aadhar.
We have about 24 life insurance and 33 general insurance (including standalone health insurers) companies in India. Irrespective of the company and type of policy, you will have to link your Aadhaar before 31st December 2017.
It is now very important that you link your PAN number with your Aadhaar Card whether you file an income tax return or you do not. You will have to do it.
Under the new law presented by the Indian government, it is now necessary that every citizen living in India must link their PAN number with their Aadhar card.
The last date to link your PAN Card with your Aadhaar card is 31st December 2017 but, it would be great for you to do this work as soon as possible so that you can save your PAN card from being rejected.
Some people are still not able to fill their income tax returns because they have not linked their PAN with Aadhar but now they can file their returns without Aadhaar linked.
After reading such a thing, one thing in your mind must have been going on, how to link the PAN to the Aadhhar.
So today I’m going to explain to you the whole process of linking the PAN to the Aadhar.
First of all, you have to go to the income tax e-filling website on your search engine.
After reaching there, you will find a new web page with lots of options available.
Out of all the options, you have to choose the options of the service.
After going into the services option, you will find a lot of options, from which you have to select the link Aadhar option.
After selecting the link Aadhar option, the page opens in front of you. You will have to fill all the columns.
Now you have your original PAN card and Aadhar card or xerox copy.
In order to fill in the details, you must first enter your PAN card number then enter the number of your Aadhaar card and at last, you will have to enter your name which is the same written on your Aadhaar card.
For verification, a captcha code that is written on your screen you will have to re-enter.
OTP option is also available for those who are unable to see or optical problems.
After filling in all these options, there is a link option at the bottom and you have to press it.
For those who are having an optical problem, an OTP is sent to their mobile number, OTP has to fill in the options available there.
After the entire process is completed, it comes out that your Aadhar and Pan linking is successful.
Note – For linking your Aadhar there are also other options are available but this option is best and easy to execute. If you are also having a problem in linking your Aadhar and PAN then you should take the help of anyone or the best option go to any cyber cafe. They will do the same for you by charging some amount.
Investing in gold in our country is very much popular. Whether the educated service person receives bonuses in the office or income from a farmer’s crop. Gold is chosen for investment. Gold is always considered a risk-free investment. Often in India, the household gold continues to the generation and never sold. But whenever there is a disaster in the family, it also comes to work at the same time.
Gold ETF is a modern alternative to buying gold from traditional goldsmiths here. ETF is the Exchange Traded Fund which is an open-ended mutual fund scheme.
Gold ETF is a fund in which investors invest their money for gold. You can also invest in 10 gm, one gram, or a half gram in Gold ETF. Along with the price of gold, Gold ETF prices are also rising. You can buy it from your broker or mutual fund house.
Gold ETF units you have purchased are deposited in your Demat account. Whenever you want to redeem these, you can take cash equivalent to the price of your gold ETF. In some Gold ETF schemes, you can also get the option to buy equally-priced gold at maturity.
Benefits of Gold ETF
Easy to buy:
As we used to purchase gold from goldsmith it becomes very hectic but Gold ETFs can also be bought online by staying at home, you do not need to go to the goldsmith to buy gold.
Easy to handle:
Gold ETF is lying in your Demat account and there is no risk of missing or stolen. There is no hassle for the maintenance of gold. As if you keep real gold with you it’s is always a risk of missing and stolen.
Fewer Charges:
In comparison to physical gold as there is making charge (if brought in the form of ornament) and other charges, buying and selling of electronic gold takes very little charge, while buying and selling physical gold is more chargeable.
I bet you that you can’t check the accuracy of gold as for your kind information gold comes in market with various carat such as 18 to 24 carat. The purchase of physical gold becomes difficult to guarantee purity, whereas electronic gold is not physical, there is no appetite for adulteration.
SIP facility:
If you cannot afford to purchase gold in bulk, through Gold ETF you can buy gold in a fixed amount every month through ETF, hence it is called SIP. Thus you can buy one or a half gram of gold per month. This is a great way to invest in gold for those who earn monthly income.
Gold ETF can also be bought in units of one gram or a half gram. But gathering physical gold in small quantities can be inconvenient. The reality is that you cannot buy real gold in such a small quantity.
So if you are planning to invest in gold, then adopt the modern way of investing in Gold ETF and be sure to keep it in a Demat account.
