IRDAI notifies Use & file (U&F) procedure for life insurance products & riders.
The Product Management Committee (PMC) shall review and approve the products/riders in line with Board Approved Product Management & Pricing Policy (BAPMPP) before filing with the Authority under Use & File procedure. The PMC shall ensure that the Benefits reflecting in sales literature, Terms and Conditions reflecting in Policy document shall be consistent with the design approved.
Department of Consumer Affairs directs E-commerce food business operators to submit proposal on improving consumer grievance redressal mechanism within 15 days.
The National Restaurant Association of India (NRAI) raised the issue of customer information not being shared by the e-commerce FBOs with the restaurants which impacts their ability to serve the consumer needs better. Further, delivery charges are determined and levied by the latter. Further, a commission of around 20% is also charged by the online FBOs on each order.
IRDAI reduces solvency margin requirement for crop insurance business.
IRDAI has earlier granted relaxation on the period of admissibility of premium due from Government for solvency calculation purpose, from 180 days to 365 days which has now, been extended from FY 2022-23 onwards till further orders.
Central Electricity Regulatory Commission (Sharing of Inter-State Transmission Charges and Losses) (First Amendment) Draft Regulations, 2022.
Bills for transmission charges shall be raised on the buyer in terms of this clause notwithstanding any provisions in the PPA and the settlement of the transmission charges inter se between the buyer and the generating station or the seller, wherever necessary, shall be made in terms of the PPA or as per the mutual agreement.
DCI issues reference manual for tobacco cessation in dental settings for dental professionals
The dental colleges are advised to download the said reference manual from publication section of DCIs official website and take necessary steps to implement the measures provided in the reference manual in their institutions.
DGFT introduces the procedure for Global Authorization for Intra-Company Transfer of software and technology
The transferor shall submit application to GAICT through online SCOMET portal and End user certificate within 30 days of filing application. The transfer shall be based on a master service level agreement.
