Ensuring Transparency: Karnataka Motor Transport Workers Social Security Rules, 2024
The draft of the Karnataka Motor Transport and Other Allied Workers Social Security and Welfare Rules, 2024, was published in a notification dated March 16, 2024, in the Karnataka Gazette dated March 19, 2024.
RBI announces the SAARC Currency Swap Framework for the period 2024 to 2027
Under the Framework for 2024-27, a separate INR Swap Window has been introduced with various concessions for swap support in Indian Rupee. The total corpus of the Rupee support is ₹250 billion. The RBI will continue to offer swap arrangement in US$ and Euro under a separate US Dollar/ Euro Swap Window with an overall corpus of US$ 2 billion.
Foreign Exchange Management (Export and Import of Goods and Services) Regulations, 2024
The Foreign Exchange Management (Export and Import of Goods and Services) Regulations, 2024, represent a significant update to India’s export-import regulatory framework. By emphasizing timely declarations, standardized payment receipts, and flexible yet stringent compliance measures, these regulations aim to facilitate smoother trade operations while safeguarding India’s foreign exchange interests. For exporters and importers, understanding and adhering to these regulations is crucial for seamless international trade and financial transactions.
Reserve Bank of India and ASEAN Countries to Create a Platform to Facilitate Instantaneous Cross-Border Retail Payments
The Reserve Bank of India has now joined the Project Nexus, a multilateral international initiative to enable instant cross-border retail payments by interlinking domestic FPSs. Nexus, conceptualized by the Innovation Hub of the Bank for International Settlements (BIS), aims to connect the FPSs of four ASEAN countries (Malaysia, Philippines, Singapore, and Thailand); and India, who would be the founding members and first mover countries of this platform.
Karnataka Electricity Regulatory Commission Merit Order Dispatch And Optimization Of Power Purchase Cost Regulations 2024
The Karnataka Electricity Regulatory
Commission (KERC) has laid out the comprehensive regulations for merit order dispatch and optimization of power purchase costs in 2024 the KERC has also introduced new regulations for the merit order dispatch and optimization of power purchase costs. This involves creating detailed operating procedures for scheduling and dispatching power in consultation with generators and licensees.
NMC Creates E-Compendium for 2020-2023
The National Medical Commission (NMC) has published E-Compendiums for 2020-2023. This compendium was notified on July 1, 2024. The NMC seeks to promote ease of access of all information relevant to various stakeholders in a consolidated manner to promote an easier understanding of relevant rules and regulations.
Government Launches New Initiatives To Enhance Healthcare & Ease of Doing Business in India
Union Ministers of State for Health and Family Welfare have unveiled three significant initiatives aimed at improving healthcare services and promoting ease of doing business in India. These initiatives include a virtual National Quality Assurance Standards (NQAS) assessment for Ayushman Arogya Mandirs (AAM); a dashboard which will help national, state and district health institutions and facilities in quickly monitoring compliance with respect to Indian Public Health Standards (IPHS) and taking actions accordingly; and a spot food licence and registration initiative for food vendors.
New Breathalyzer Rules Proposed to Improve Accuracy and Public Trust
The draft defines Evidential Breath Analysers (EBAs) as instruments measuring breath alcohol concentration within specified error limits. They mandate various tests to ensure instrument accuracy. Yearly verification ensures sustained accuracy. The draft rules are available for public comment until July 26, 2024.
