IFSCA publishes IRDAI Master Circular to reinsurers
This strategic move underscores India’s commitment to creating a robust regulatory framework that not only safeguards domestic interests but also attracts global reinsurance players to invest and operate in mainland India or in the international side of India i.e. GIFT IFSC, under the aegis of International Financial Services Centres Authority (IFSCA).
Consultation paper on the proposed International Financial Services Authority(Payment and Settlement Systems) Regulations, 2024
The objective of this consultation paper is to seek comments/views/suggestions from the public on the proposed International Financial Services Authority (Payment and Settlement Systems) Regulations, 2020.
IFSCA’s Clarifications on Global Access for Broker Dealers
Broker dealers were required to seek a ‘no-objection certificate’ (NOC) from recognized stock exchanges in the IFSC before pursuing global access.
Optimizing Aadhaar Seeding Efficiency for ESIC Members: A Seamless Process
In recent communications from the Employees’ State Insurance Corporation (ESIC) Benefit Division emphasizing the necessity of Aadhaar seeding for insured persons (IPs), ESIC employees, and pensioners, steps have been taken to facilitate this crucial process.
Ensuring Energy Security: Meghalaya’s Approach to Resource Adequacy
In the pursuit of ensuring robust resource adequacy for its electricity grid, the Meghalaya State Electricity Regulatory Commission (MSERC) has promulgated the “Framework for Resource Adequacy Regulations, 2023.” These regulations underscore the criticality of demand assessment and forecasting in maintaining a balanced power supply.
Gujarat Electricity Regulatory Commission Determines Tariff Rates For FY 2024-25
The Gujarat Electricity Regulatory Commission (GERC) has announced revisions in tariff rates for FY 2024-25. These revisions include unchanged scheduled tariffs for consumers of State-owned DISCOMs and Torrent Power Limited (Ahmedabad, Gandhinagar, and Surat areas), discontinuation of night- time electricity concession for most consumers, and adjustments in tariffs for Animal Husbandry and Green Power. The commission also approved FPPPA charges and transmission fees adjustments.
Goa State PCB Notifies Additional Dismantlers Of E-Waste
GSPCB has authorized new units for E-waste dismantling. Bulk consumers are called to regularly dispose of E-waste through these authorized channels.
Telangana RERA Issues Deadline For Submission Of Quarterly Progress Reports
The Telangana Real Estate Regulatory Authority has issued a circular requiring promoters to submit their quarterly progress reports within 15 days of each quarter’s end, as mandated by the Real Estate Act, 2016, and Telangana Real Estate Rules, 2017. Promoters who fail to comply may face a penalty of up to 5% of the project’s estimated cost under Section 61 of the Real Estate Act, 2016. All pending reports must be submitted by the end of June 2024 to avoid penalties.
Medical Device Exporters Can Now Get RCMCs From EEPC India
DGFT has noted that presently Export Promotion Council (EPC) for Medical Devices is not yet fully operational and cannot issue RCMCs. Therefore, it has temporarily allowed RCMCs for medical devices to be issued by the Engineering Export Promotion Council of India (EEPC India) or any other relevant EPC for medical devices. This measure will operate until the designated EPC for medical devices becomes fully functional.
PCI Issues Guidelines For Inspectors Towards Inspection Process Of Academic Year 2024-2025
The inspections will be carried out by specially empaneled inspectors. The inspections shall be conducted entirely through a mobile application (PCI Inspection App) available on Google Play Store for Android devices. Inspectors shall verify the adequacy of infrastructural facilities, Human Resources and other facilities as specified under Education Regulations for various pharmacy
Programmes.
