IRDAI proposes implementation of Risk Based Supervisory Framework

With a view to promote a ‘Principle based Regulatory regime’, foster ease of doing business and encourage proactive risk identification and management, the Insurance Regulatory and Development Authority of India (IRDAI) has been working towards developing and implementing ‘Risk Based Supervision’ (RBS) framework for insurance sector in India.

Draft Green Credit Programme Implementation Rules, 2023

The Green Credit Programme will serve as a national-level initiative and facilitate the trading of Green Credits, which act as incentives for adopting sustainable practices. These credits will be generated through a wide range of sectors and entities, including individuals, Farmer Producer Organisations, cooperatives, forestry enterprises, sustainable agriculture enterprises, urban and rural local bodies, private sector industries, and organizations.