TRAI clarification regarding submission of Performance Monitoring Report to the Authority under the Telecom Commercial Communications Customer Preference Regulations, 2018

TRAI has instructed all Access Providers to submit, along with the compliance reports as per the Performance Monitoring Report formats specified, compliance reports, separately for each calendar month as per the Performance Monitoring Report formats, as a part of Standard Code of Practice for periodic reporting (CoP-Reports), within ten days from the end of each calendar month starting from report for the month of July 2024.

National level video-conference to assess preparedness of States/UTs in finalization of draft Rules under the four Labour Codes

It was noted that majority of States/UTs have pre-published the rules under the Codes and only few States/UTs are still in the process of framing their draft Rules. The States and UTs were requested to (i) review the draft Rules with respect to framework established by Labour Codes; and (ii) seek support if needed to expedite pre-publication of Rules for the few States/UTs yet to do so.

Employees’ Deposit Linked Insurance (Amendment) Scheme, 2024

The amendment provides that where an employer makes default in the payment of any contribution to the Insurance Fund, or in the payment of any charges payable under any other provisions of the Act or the Scheme, the Central Provident Fund Commissioner or such officer as may be authorized by the Central Government by notification in the Official Gazette in this behalf, may recover damages from the employer at the rate of one percentage of the arrear of contribution per month or part thereof.

Master Circular on Operations and Allied Matters of Insurers

The Insurance Regulatory and Development Authority of India has strengthened the governance measures on the operations and allied matters of the insurers in the Master Circular issued under part B of the IRDA (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024 repealing 11 circulars.

IFSCA issues Request for Proposal for Core Supervisory Technology System

IFSCA intends to select an IT Solution Provider (SP) to design, develop, implement, operate, and maintain the Core Supervisory Technology (Core SupTech) System of IFSCA and has issued RFP for the said purpose. The notice inviting tender for Selection of an SP for the Core SupTech System can be accessed at the portal.

SEBI has issued crucial updates for recognized Clearing Corporations

SEBI’s new guidelines aim to enhance the robustness and reliability of the Core SGF and default waterfall mechanisms for LPCCs. By involving participants directly in the contribution process and establishing clear timelines and procedures for fund replenishment and default handling, these updates are designed to strengthen the financial stability and integrity of the clearing system. Clearing corporations must promptly adapt to these changes to ensure compliance and safeguard market operations.

Reserve Bank’s Database on Indian Economy Portal

The uniform resource locator (URL) domain address of the ‘Database on Indian Economy (DBIE)’ portal of the Reserve Bank is being changed to https://data.rbi.org.in with effect from June 21, 2024. The current URLs, viz., https://dbie.rbi.org.in and https://cimsdbie.rbi.org.in will also get directed to the new URL https://data.rbi.org.in.