Ensuring Energy Security: Meghalaya’s Approach to Resource Adequacy
In the pursuit of ensuring robust resource adequacy for its electricity grid, the Meghalaya State Electricity Regulatory Commission (MSERC) has promulgated the “Framework for Resource Adequacy Regulations, 2023.” These regulations underscore the criticality of demand assessment and forecasting in maintaining a balanced power supply.
EPFO Grants Deadline Extension for Aadhaar Seeding with UAN
The Employees’ Provident Fund Organization (EPFO) has announced an extension for the mandatory linking of Aadhaar numbers with Universal Account Numbers (UAN) for filing the Electronic Challan Cumulative Return (ECR). The new deadline, set for June 30, 2024, comes as a partial amendment to previous circulars issued by the EPFO.
Unlocking the Mechanics of Variable Dearness Allowance: A Detailed Insight
In a recent notification issued by the Government of Rajasthan, the Labour Department shed light on the recalibration of Variable Dearness Allowance (VDA) according to the recommendations of the Engineering Wage Board. The shift to a new series of Consumer Price Index Numbers (CPI) with a with a base year of 2016 = 100, effective from September 2020 onwards, triggered the need for adjustments.
Empowering Green Energy Consumers: Proposed Regulations for Open Access
The Delhi Electricity Regulatory Commission (DERC) is paving the way for a greener, more sustainable energy future with its latest draft regulations on Green Energy Open Access. These regulations aim to facilitate the seamless integration of renewable energy sources into the grid, ensuring fair and non-discriminatory access for consumers.
Efficiency Boost: Delhi Electricity Regulatory Commission Proposes Amendment
The Delhi Electricity Regulatory Commission (DERC) has proposed a significant amendment to enhance the efficiency of connection release in electrified areas. The draft amendment, titled the Draft Delhi Electricity Regulatory Commission (Supply Code and Performance Standards) (Fifth Amendment) Regulations, 2024, aims to streamline the process and reduce waiting times for consumers.
Empowering Renewable Energy Adoption: Draft Regulations Overview
The recent draft regulations proposed by the Delhi Electricity Regulatory Commission (DERC) outline a comprehensive framework for implementing renewable purchase obligation (RPO) and renewable energy certificate (REC) systems in the National Capital Territory of Delhi.
Karnataka Government Extends Exemption for IT/ITES and Knowledge-Based Industries
In a recent development aimed at fostering growth and flexibility in Karnataka’s burgeoning IT/ITES and knowledge-based industries, the state government has extended the exemption from the Industrial Employment (Standing Orders) Act, 1946.
Revolutionizing General Insurance in India: A Customer-Centric Approach
In a groundbreaking move, the Insurance Regulatory and Development Authority of India (IRDAI) has unveiled a comprehensive Master Circular, signaling a new era in the general insurance landscape. With the abolition of tariffs and the introduction of simplified policy wordings, the focus has shifted towards enhancing customer experience and operational efficiency for insurers.
Finance Ministry Update: New Interest Rates for Non-Government Funds
The Ministry of Finance, Department of Economic Affairs, New Delhi, issued a significant notification on June 10, 2024. This notification concerns the adjustment of interest rates for deposits under the Special Deposit Scheme for Non-Government Provident, Superannuation, and Gratuity Funds. Effective from April 1, 2024, to June 30, 2024, the interest rate has been revised to 7.1%.
Deciphering the Consumer Price Index: Industrial Workers’ Perspective (February-April 2024)
The Ministry of Labour and Employment, through the Labour Bureau, regularly compiles the Consumer Price Index for Industrial Workers (CPI-IW), providing crucial insights into the economic landscape.
