Framework for Service Authorizations for provision of Broadcasting Services under the Telecommunications Act, 2023
As per the extant guidelines for various broadcasting services, licenses/permissions/ registrations are issued by Ministry of Information and Broadcasting (MIB) under Section 4 of the Indian Telegraph Act, 1885 for provision of broadcasting services, like, television channel uplinking/downlinking (including Teleport), SNG/DSNG, DTH, HITS, IPTV, FM Radio, and Community Radio Stations (CRS).
National Consumer Helpline: Ministry launches phase 2
The Department of Consumer Affairs is now focusing on further enhancing NCH’s reach in other North-Eastern states, including Assam, Meghalaya, Manipur, Nagaland, Tripura, Mizoram, and Sikkim.
Bima-ASBA for insurance: new facility from IRDAI
IRDAI has introduced facility called the “Bima Applications Supported by Blocked Amount (Bima – ASBA)” transfer of money from the prospect to the insurer happens only when insurance policy is issued. In this facility, insurers can offer one-time mandate for blocking certain amount through Unified Payment Interface (UPI) in the bank account of the concerned prospect.
Appointment of KMP: new process for fund management entities
The International Financial Services Centres Authority (IFSCA) issued a circular to all Fund Management Entities (FMEs) operating within IFSCs, regarding the appointment and changes to Key Managerial Personnel (KMPs). This regulatory directive clarifies the procedure and responsibilities FMEs must follow to ensure compliance with the newly outlined regulations concerning KMP appointments. This move aims to strengthen governance and operational efficiency within fund management entities registered in the IFSCs.
