Strengthening Compliance: Amendments to the Employees’ Pension Scheme, 1995
In a recent development aimed at bolstering compliance with the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952, the Ministry of Labour and Employment has introduced the Employees’ Pension (Third Amendment) Scheme, 2024.
Enhancing Compliance: Amendments to the Employees’ Provident Funds Scheme, 1952
In a recent development aimed at bolstering adherence to the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952, the Ministry of Labour and Employment has introduced the Employees’ Provident Funds (Amendment) Scheme, 2024.
Madhya Pradesh Electricity Code 2021: Proposed Changes Overview
The Madhya Pradesh Electricity Regulatory Commission (MPERC) has issued a public notification regarding proposed amendments to the Madhya Pradesh Electricity Supply Code, 2021.
Revised Framework for Offer for Sale (OFS)of Shares to Employees through Stock Exchange Mechanism
SEBI vide circular dated June 14, 2024 has revised the Framework for Offer for Sale (OFS)of Shares to Employees through Stock Exchange Mechanism. The new framework provides that OFS to employees shall be on T+1 day along with the retail category under a new category called as “Employee”
RBI approves new tools for Prevention and Mitigation of Financial Frauds through regulatory sandbox
RBI has announced that in the Fourth Cohort of the Regulatory Sandbox (RS) with ‘Prevention and Mitigation of Financial Frauds’ as its theme, three have been found viable.
Ministry of Power taking comprehensive measures to ensure adequate power supply during increased summer demand
All generating companies (GENCOs) have been advised to keep their plants in healthy condition to ensure full capacity availability for optimal operation of various generation sources.
Delhi-NCR Migrates Inter-city Bus Services To Cleaner Modes
Upon deliberations with all concerned stakeholders, it was decided that older polluting buses (BS-III and BS-IV) entering Delhi-NCR from neighboring states will be phased out. These buses will be replaced with cleaner options such as Electric Vehicles (EVs), Compressed Natural Gas (CNG) buses and BS-VI diesel compliant buses (latest emission standards). This directive applies to buses operated by state governments, public sector undertakings (PSUs), and private entities.
JERC Amends Standards of Performance for Distribution Licensees in Goa and UTs
The amendment regulations introduce new performance indices for licensees which must be calculated and reported, with the data made accessible on their websites. Licensees are required to compensate consumers for failure to meet performance standards, adjust bills within 90 days, and establish an online grievance platform within six months.
Central Government Notifies Implementation Of Transmission Schemes For Renewable Energy Zones
The Ministry has notified new transmission schemes to evacuate power from renewable energy zones and strengthen system infrastructure. Projects include enhancing transmission facilities at Barmer Power Station for Rajasthan REZ Phase-IV and upgrading Koppal-II and Gadag-II substations.
CERC Issues Renewable Energy Tariff Regulations, 2024
The regulations address over-generation, tariff design, and financial principles for cost and return calculations. They also require developers to recover statutory charges and allow for deviations, regulation relaxation, and implementation issue resolution.
