EPFO constitutes Committees for framing of Draft Schemes under Social Security Code, 2020
The draft of the specified three schemes must be prepared and placed before the Government of India for consideration. Hence to achieve this objective the EPFO has constituted a separate committee to draft each of the prescribed schemes.
IRDAI issues circular on Investments in National Bank for Financing Infrastructure and Development
The circular states that NaBFID has been officially established in India under the National Bank for Financing Infrastructure and Development Act of 2021. This institution aims to provide crucial support for the development of long-term non-recourse infrastructure financing in the country.
NCLAT has observed that the power of review is not conferred on the Tribunal; whereas the power to recall its judgment is inherent
The NCLAT while considering judgments of Hon’ble Supreme Court observed that the precedent clearly lays down the distinction between the review and recall. The power of review is not conferred on the Tribunal; whereas the power to recall its judgment is inherent.
Draft amendment to the Tamil Nadu Legal Metrology (Enforcement) Rules, 2011
The amendment has provided revised rates for obtaining and renewing the license for manufacturers, repairers and dealers of weights and measures. The amendment has also revised certain standards for manufacture of weights and measures.
RBI has amended Master Direction – Risk Management and Inter-Bank Dealings to revise compliances governing Non-deliverable derivative contracts (NDDCs)
The newly inserted direction allows banks with an Authorized Dealer Category-I license and operating IBUs to offer NDDCs involving INR to resident non-retail users from their branches in India. This provision is subject to compliance with the guidelines specified in the revised direction mentioned earlier. The transactions in this case must be cash-settled in INR.
Andhra Pradesh Milk Procurement (Protection of Farmers) and Enforcement of Safety of Milk Standards Act, 2023
The object of the act is to regulate the transactions at the milk procurement centres, enforce safety standards for the produce and protect interests of dairy farmers and the consumers. The government decided to enforce an Act to bring all the rules under one umbrella to ensure effective enforcement of law and delegate power to seize milk analysers in case of violations.
ESIC clarification regarding Implementation of Aadhaar Seeding of Insured Persons using IP portal or through their respective employer using Employer portal
An online provision for seeding and authentication of Aadhaar has been developed and deployed in the online System whereby existing employees can seed Aadhaar number for self and their family members on voluntary basis after verification of OTP received on mobile from UIDAI.
The Karnataka Industrial Training Institution (Recognition of Minority Educational Institutions Terms and Conditions)(Technical Education) Rules, 2023
These rules aim to recognize and support minority educational institutions, ensuring their rights and privileges are protected by providing a clear framework for the declaration, recognition, and review of minority status.
Medical Devices (Amendment) Rules, 2023
These Rules aim to enhance the regulatory framework governing medical devices in the country. They provide for the establishment and designation of State Medical Devices Testing Laboratories, further empowering the testing and evaluation of medical devices.
Legal Metrology (Packaged Commodities) (Amendment) Rules, 2023
These Amendment Rules have revised the implementation date for the Legal Metrology (Packaged Commodities) Amendment Rules, 2022. The previous implementation date, which was stated as the 1st day of June 2023, has been extended to the 1st day of July 2023.
