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Govt drafts rules for mandatory adoption of Indian Standard Time nationwide

by AIP Online Bureau | Jan 26, 2025 | Eco/Invest/Demography, Policy, Regulation, Technology

IST shall be the mandatory time reference across all sectors, including commerce, transport, public administration, legal contracts, and financial operations,” as per the draft rule. Key provisions include, prohibition of time references other than IST for official...
India expands Russian insurers’ pool after US sanctions

India expands Russian insurers’ pool after US sanctions

by AIP Online Bureau | Jan 22, 2025 | Eco/Invest/Demography, Indian News, Non-Life, Reinsurance, Risk Management

As well as extending approvals for some sanctioned providers, India’s Directorate General of Shipping authorized Soglasie Insurance Co. to provide insurance for vessels entering Indian ports until February 2026, according to to the regulator’s website. As Soglasie...

Govt issues draft rules to make e-com accountable, seeks comments by Feb 15

by AIP Online Bureau | Jan 21, 2025 | Eco/Invest/Demography, Indian News, Policy, Regulation, Risk Management

For imported goods, platforms must display importer, packer, and seller details prominently. During contract formation, platforms must record consumer consent, enable transaction review, and maintain transparent policies for cancellation, returns, and refunds New...
SC stays order asking Delhi govt to sign MoU over Centre’s health scheme

SC stays order asking Delhi govt to sign MoU over Centre’s health scheme

by AIP Online Bureau | Jan 17, 2025 | Eco/Invest/Demography, Health, Indian News, Policy

In its order passed on December 24 last year, the high court referred to the minutes of the meeting held in December 2024 and noted the PM-ABHIM would have to be implemented in its entirety to ensure Delhi residents were not deprived of the funds and facilities under...
Form panel to consider phasing out petrol, diesel vehicles: HC to Maha govt

Form panel to consider phasing out petrol, diesel vehicles: HC to Maha govt

by AIP Online Bureau | Jan 16, 2025 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Health, Indian News, Risk Management

A division bench of Chief Justice D K Upadhyaya and Justice Girish Kulkarni directed the government to form a committee of experts and civil administrators within a fortnight to consider whether it will be feasible to phase out diesel- and petrol-based vehicles from...
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