Introduction Considering the fast turnaround time in credit underwriting processes through Digital processes, the Reserve Bank of India has made certain changes in the reporting timelines of the Credit information held between the Credit institutions (CIs) and Credit Information companies (CICs). This reform is made with a view of providing updated/latest credit information to enable lenders […]
Read More →The Governor of West Bengal has issued guidelines to ensure the timely and fair Payment of Bonus to employees by 30th September 2024 i.e., before Durga Puja 2024, as per the Payment of Bonus Act, 1965 and its 2015 Amendment. These guidelines aim to maintain industrial peace and harmony. The key highlights on actionable are […]
Read More →The Advertising Standards Council of India (ASCI) issued Guidelines for Advertisements Making Environmental/ Green Claims to ensure that Environmental/Green Claims by businesses are reliable, verifiable, and transparent. These guidelines respond to the growing consumer demand for environmentally friendly products and services. These further aim to enable consumers to make informed choices and prevent misleading greenwashing […]
Read More →On 29th May 2024, Insurance Regulatory and Development Authority of India (IRDAI) notified the Master Circular on IRDAI (Insurance Products) Regulations 2024- Health Insurance. This master circular was effective with immediate effect i.e., 29th May 2024. This circular is in addition to IRDAI (Insurance Products) Regulations 2024 and shall be read with IRDAI (Protection of […]
Read More →The Food Safety and Standards Authority of India (FSSAI) has proposed to make new revisions in the labelling and display requirements as mentioned under the Food Safety and Standards (Labelling and Display) Regulations, 2020. Food brands and packaged food entities are required by these new requirements to bring the below-mentioned changes in there packaging. Font […]
Read More →Introduction This Law is enacted in China to protect the rights and interests of individuals of the People’s Republic of China, regulate personal information processing activities, and promote judicious use of personal information. The law is targeted at personal information protection and addressing the problems with personal data leakage. A notable aspect of the PIPL […]
Read More →With a view of upholding transparency and fairness in the lending operation of Regulated entities, On 29th April 2024, RBI issued a circular regarding the Fair Practices Code for Lenders – Charging of Interest. The circular is effective with an immediate effect. Who is included in the definition of Regulated Entities (RE(s))? Non-Banking Financial Companies […]
Read More →Introduction On 11th March 2024, Monday, the Karnataka government banned the use of Rhodamine-B, a food colouring additive found in popular foods such as Gobi Manchurian and cotton candy. Rhodamine-B is a chemical colouring agent that is said to be used in the dyeing of clothing, paper, leather, printing, and plastics. It is […]
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