Regulation

Biden issued an executive order in May pushing federal agencies to encourage full disclosure of often-hidden climate-related risks to banks, other financial institutions and the federal government.

Factbox: How central banks are responding to the issue of climate change

Jun 19, 2021 | Articles, Climate, Environment, Renewable Energy, Eco/Invest/Demography, Policy, Regulation

US Fed chair Jerome Powell while he agreed climate change could have deep ramifications for inflation, employment, productivity and other economic measures, he told a conference in June: “Climate change is not something we directly consider in setting monetary policy”.

Delhi bans soaps, detergents not conforming to latest BIS parameters

Jun 16, 2021 | Eco/Invest/Demography, Health, Indian News, Non-Life, Regulation

The National Green Tribunal (NGT) had in January accepted recommendations of the Yamuna Monitoring Committee (YMC) which had suggested directing the Delhi government to issue orders “prohibiting sale, storage and transportation and marketing of detergents which do not conform to the revised BIS standards”.
The primary reason behind the formation of the toxic foam in the Yamuna is high phosphate content in the wastewater because of detergents used in dyeing industries, dhobi ghats and households, according to an official of the Central Pollution Control Board.

India:Amid unlock, Doctors warn of ‘Worse Than Second Wave’ situation if norms not followed

Jun 16, 2021 | Articles, Eco/Invest/Demography, Health, Life, Non-Life, Pandemic, Policy, Regulation

Medical experts in mid-May had concurred that it was lockdown majorly that had brought down the count of daily cases, while cautioning that the severity of cases was still the same.

Centre’s Motor Vehicle Act wont be applicable for old petrol, diesel cars in Delhi, says transport minister Kailash Gahlot

Jun 16, 2021 | Indian News, Non-Life, Regulation

Gahlot said, “Delhi is in a peculiar position, because specifically for the national capital, there are orders from the Supreme Court and NGT. They have limited the life of petrol-run vehicles to 15 years and those which run on diesel to 10 years.”
The Delhi Transport Department will fine Rs 10,000 owners found flouting the rule

US Justice Department sues to block Aon’s acquisition of Willis Towers Watson

Jun 16, 2021 | Eco/Invest/Demography, Intermediaries, International News, Non-Life, Regulation, Reinsurance

“Today’s action demonstrates the Justice Department’s commitment to stopping harmful consolidation and preserving competition that directly and indirectly benefits Americans across the country,” said Attorney General Merrick B. Garland.

RBI to focus on growth even as inflation breaches tolerance band

Jun 15, 2021 | Eco/Invest/Demography, Health, Indian News, Pandemic, Regulation

The annual retail inflation rate rose 6.30 per cent year-on-year in May, up from 4.29 per cent in April and sharply above analysts’ estimate of 5.30 per cent. The wholesale price inflation rate rose 12.94 per cent, its highest in at least two decades.

“There is a broad-based increase in CPI inflation but it still is not driven by demand and that gives the RBI some leeway. They will continue to wait and watch as a rate hike is out of question for now,” the first source said.

IRDAI looking for agency to manage its multi-media grievance redressal centre

Jun 14, 2021 | Health, Indian News, Life, Non-Life, Regulation, Technology

The agency will be required to manage its IGCC by providing the state-of-the-art call centre solution based on IP Multimedia platform for seamless handling of channels (telephone calls, e-mails and letters) with unified administration and reporting as well as having the integrated components in a single platform, said the request for proposal (RFP) for IGCC Services.

Heavyweight bureaucrats to fight out for the IRDA chairmanship

Jun 13, 2021 | Indian News, Life, Non-Life, Policy, Regulation

Among the serving and retired IAS(Indian Administrative Service) officials who have applied for the top regulatory job of the Indian insurance industry are- B.V.R. Subrahmanyam(1987 batch ) who recently joined as secretary, Ministry of Commerce after serving as a chief secretary of Jammu and Kashmir(J&K) since 2018,Manoj Parida(1986 batch)), advisor to the administrator of Chandigarh, VP Joy(1987), chief secretary, Kerala, Chhabilendra Roul(1985), former secretary, Department of Fertilizers, Ministry of Fertilizers and Chemicals, Preeti Sudan, (1983-batch) who had retired as the union health secretary in July 2020.,Anup Wadhawan, who retired as the secretary, ministry of commerce in May end