India Adopts Iron-Fortified Rice Initiative

The Indian government has issued a press release on its initiative to provide fortified rice under various welfare schemes, including the Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY). This decision aims to address micronutrient deficiencies in the country. This press release was issued on October 17, 2024.

Electrical Appliances for Commercial Dispensing and Vending (Quality Control) Order, 2024

The Electrical Appliances for Commercial Dispensing and Vending (Quality Control) Order, 2024, aims to ensure the quality and safety of electrical appliances used for commercial dispensing and vending. The specified electrical appliances must conform to the corresponding Indian Standards and bear the Standard Mark issued by the Bureau of Indian Standards (BIS).

Offshore Areas Operating Right Rules, 2024

Offshore areas will only be available for grant of operating rights after being notified in the Official Gazette by the administering authority. The government, government companies, or corporations have the priority to obtain operating rights for reserved offshore areas.

SEBI Circular on Monitoring Shareholding of Market Infrastructure Institutions (MIIs)

The primary objective of this circular is to ensure that MIIs comply with shareholding norms, such as the minimum public shareholding, individual shareholding limits, and fit and proper criteria, as prescribed under the SEBI (Stock Exchanges and Clearing Corporations) Regulations, 2018 (SECC Regulations) and SEBI (Depositories and Participants) Regulations, 2018 (D&P Regulations). This effort is aimed at fostering transparency, accountability, and good governance practices within these institutions, which play a critical role in the functioning of financial markets.

Draft Arbitration and Conciliation (Amendment) Bill, 2024

Draft Arbitration and Conciliation (Amendment) Bill, 2024 is introduced to provide further boost to institutional arbitration, reduce court intervention in arbitrations and ensuring timely conclusion of arbitration proceedings.