CDSCO New Sampling Guidelines for Drug and Cosmetic Quality
The Central Drugs Standard Control Organisation (CDSCO), the apex drug regulator in India, has issued new guidelines for effective surveillance for quality and efficacy of drugs and cosmetics available in the market by adopting a uniform drug sampling methodology. The guidelines, notified on February 9, 2024, aim to cover a vast variety of drugs, cosmetics […]
Banks Speed Up DRTs with Advocate Reviews
Debt recovery tribunals (DRTs) are judicial forums that deal with cases related to recovery of debts by banks and financial institutions. They are governed by the Recovery of Debts Due to Banks and Financial Institutions Act, 1993 (RDB Act) and the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI […]
MGNREGA Reduces Gender Wage Gap in Rural India: ILO
A recent working paper by the International Labour Organisation (ILO) has found that the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) has played an important role in reducing the gender wage gap and increasing compliance with minimum wage norms in rural areas of India. MGNREGA and rural employment The paper, titled “Employment and wage […]
Centralised Processing Centre Begins for Company Filings
The government has launched a new initiative to process various forms and applications filed by companies and LLPs in a centralised and faceless manner. The initiative is called the Central Processing Centre and it aims to provide ease of doing business and faster processing of corporate filings What is Centralised Processing Centre and how does […]
IRDA’s 30-Day Free-Look Period for Insurance
If you have ever bought an insurance policy and regretted it later, you might be aware of the free-look period. It is a provision that allows you to return the policy within a specified time frame and get a refund of the premium paid, subject to certain deductions. The Insurance Regulatory and Development Authority of […]
Government’s Move Against Pesky Calls
Pesky calls and messages are a nuisance for many mobile phone users, who often receive unwanted and unsolicited commercial communications from various entities. The government has taken several steps to address this issue, including imposing penalties on violators, creating special units to track and disable the infrastructure of offenders, and forming a committee to draft […]
Informal Micro Enterprises Get Upto Rs 20 Lakh Loans
The government has launched a special scheme for Informal Micro Enterprises (IMEs) to provide them easy access to credit without collateral or third-party guarantee. The scheme is expected to empower individual entrepreneurs and create an inclusive, dynamic, and resilient economic ecosystem. What are Informal Micro Enterprises? Informal Micro Enterprises (IMEs) are small businesses that operate […]
Green Hydrogen Pilot Projects Get Govt Guidelines
The Government of India has issued guidelines for implementing pilot projects for using green hydrogen in the transport sector under the National Green Hydrogen Mission (NGHM). The scheme aims to support the development of technologies and infrastructure for replacing fossil fuels with green hydrogen and its derivatives in buses, trucks, 4-wheelers and other vehicles. What […]
Road Min to Extend EPC contracts to 10 Years
The Ministry of Road Transport and Highways is planning to extend the defect liability period for road contractors under engineering-procurement-construction (EPC) contracts from 5 years to 10 years, according to a senior government official. This move is aimed at improving the quality of road construction and reducing the maintenance cost for the government. What is […]
Bima Sugam: IRDAI’s New E-Marketplace for Insurance
Bima Sugam is an electronic insurance marketplace proposed by the Insurance Regulatory and Development Authority of India (IRDAI) to provide a one-stop online shop for all insurance policies. The IRDAI has released draft regulations for Bima Sugam, which aims to protect and empower policyholders’ interests, increase insurance penetration in India, and enhance availability, affordability, and […]