2024 Amendments to Pressure Vessel Rules by MoCI

The Ministry of Commerce and Industry, through the Department of Industrial Policy and Promotion, has issued a notification proposing amendments to the Static and Mobile Pressure Vessels (Unfired) Rules, 2016.

IFSCA executes MoU with Labuan Financial Services Authority

The objective of the MoU is to facilitate the sharing of knowledge and best practices on the development, regulation and supervision of the financial markets of the respective jurisdictions as well as to promote and secure the fitness and propriety of licensed or registered persons and to promote high standards and integrity in conduct of business.

Framework for recognition of SROs in Financial Markets

Interested entities seeking recognition as an SRO in financial markets may submit their application through email or to the Chief General Manager, Financial Markets Regulation Department, Reserve Bank of India, Central Office, 9th Floor, Shahid Bhagat Singh Marg, Mumbai – 400 001.

Revised Environment Compensation for Violation of Plastic Waste Management Rules

The Environmental Compensation (EC) regime takes into account the cost incurred in managing plastic waste, which is estimated to be approximately Rs. 4000 per ton. To act as a deterrent, a deterrent factor of 2.5 is applied to the calculated EC, resulting in a total levy of Rs. 5000 per ton of plastic waste. The EC factor is inversely proportional to the collection of each category of plastic packaging waste, with higher ECs imposed for lower collection rates.

Draft Tariff Based Competitive Bidding Guidelines For Pumped Storage Plants

The Ministry of Power (MoP) has invited public comments on draft guidelines for the procurement of storage capacity and stored energy from Pumped Storage Plants (PSPs) through competitive bidding. These guidelines aim to promote the development of PSPs and create a transparent framework for their integration into the national power grid.

Clarification On Misleading A1-A2 Milk Claims

FSSAI has instructed FBOs to immediately remove all A1 and A2 claims from their milk and milk products such as ghee, butter, curd, etc. and websites. E-commerce platforms are also required to ensure that their sellers adhere to this directive.

CDSCO Publishes Not Of Standard Quality Alert For July 2024

The NSQ drug list specifies a total of 13 drugs that were detected to be deficient by State Lab Drugs Control Laboratory, Telangana. All of these 30 drugs were declared to be not of standard quality. The NSQ drug list for central CDSCO laboratories specifies a total of 57 drugs that were detected to be deficient.