The Ministry of Road Transport and Highways (MoRTH) in a draft...
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Govt drafts rules for mandatory adoption of Indian Standard Time nationwide
IST shall be the mandatory time reference across all sectors,...
Budget 2025-Insurers expect tax benefits, concessions for healthcare
Sameer Bansal, MD & CEO, PNB MetLife, said that while India is...
Simplified patent, copyright registration helping India become an innovation hub: Piyush Goyal
The number of patents granted has gone up from 6,326 in 2015-16 to 28,391 in 2020-21, while Trade Marks registration has shot up from 65,045 in 2015-16 to 2,55,993 in 2020-21. Similarly, while 4,505 Copyrights were granted in 2015-16, a total of 16,402 were granted last fiscal, said the ministry.
Industry Minister Piyush Goyal reiterated the Government’s commitment to bolster the ecosystem of patents, design, trademarks, GI (Geographical Indication) systems; to encourage innovation, research and development in the country and bring newer inventions and knowledge from India’s heritage systems to a global platform.
RBI’s new rules on interchange fee, 24/7 bulk clearing facility functional
National Automated Clearing House (NACH) has been made available on all days of the week, effective August 1, 2021.
NACH, a bulk payment system operated by the National Payments Corporation of India (NPCI) facilitates one-to-many credit transfers such as payment of dividend, interest, salary and pension.
It also facilitates collection of payments pertaining to electricity, gas, telephone, water, periodic instalments towards loans, investments in mutual funds and insurance premium.
Cabinet approves multilateral MoU signed by IFSCA
MoU signed between the International Financial Services Centres Authority (IFSCA), International Organization of Securities Commissions (IOSCO), and International Association of Insurance Supervisors (IAIS)
Regulators turn spotlight on company sustainability ratings
The International Organization of Securities Commissions (IOSCO), which groups market regulators from the United States, Europe and Asia, recommended in a consultation paper on Monday that its members consider formally regulating an industry that has so far largely been left to its own devices.
This lack of regulation has prompted concerns among some investors, who say methods of calculating ESG ratings are opaque, and environmentalists, who fear “greenwashing” – or that companies might sometimes get an ESG rating they don’t deserve.
California expands state healthcare to undocumented residents 50 and up
But California is not the first state to provide comprehensive public medical benefits to its undocumented elderly population. Illinois last December became the first to extend state-funded healthcare coverage to all non-citizens age 65 and older whose immigration status had left them ineligible for Medicaid.
Newsom’s action builds on two earlier expansions of Medi-Cal – California’s version of the state-federal Medicaid system for the poor and disabled. They provided full-scale coverage to undocumented children, then to young adults until their 26th birthday regardless of immigration status beginning last year.
FSSAI mulling using next-gen technology tools to ensure food safety, quality
”FSSAI is exploring the possibilities of using technological tools like blockchain, machine learning, etc in obtaining traceability information,” Food Safety and Standards Authority of India (FSSAI) CEO Arun Singhal said.
Next generation tools like genome sequencing and innovations in chemical and molecular analysis can be very useful in the area of food authenticity and integrity, he pointed out. Also, Internet of Things (IoT) has taken a big leap forward and can be used for mounting production and processing operations, he added.
Insurance brokers Aon and Willis drop $30 bn merger move, Aon to pay $1 billion termination fee to Willis
“Despite regulatory momentum around the world, including the recent approval of our combination by the European Commission, we reached an impasse with the U.S. Department of Justice,” said Aon CEO Greg Case.
Law without order: investors grapple with China’s regulatory risk
The Chinese Communist Party’s uneasy relationship with private business has always weighed on the minds of Western investors who seek legal and regulatory certainty to place their bets.
Yet Beijing’s recent moves are unsettling even seasoned investors who are otherwise used to navigating corporate China’s murky auditing and poor governance in order to chase growth in the world’s second-largest economy.
Govt changes rules related to incorporation of companies
Section 16 relates to rectification of a company name subject to various conditions, including that the government may direct changing a firm’s name if it is identical with or too nearly resembles the name of an existing company. In case such a direction is issued, the same has to be implemented by the company concerned within three months.
About 620 products see price reduction after trade margin regulation on critical medical devices
With an aim of making the medical devices affordable during the evolving situation of COVID pandemic, it is felt necessary to regulate the trade margin on these medical devices, NPPA had said in its order.