Reserve Bank of India on 28 May 2024 has launched three major initiatives, namely the PRAVAAH (Platform for Regulatory Application, Validation and AutHorisation) portal, the Retail Direct Mobile App and a FinTech. 1. ‘PRAVAAH’ (Platform for Regulatory Application, Validation and AutHorisation) portal The PRAVAAH is a secure and centralised web-based portal that aims to […]
Read More →Introduction: Imagine toiling under the scorching sun, day in and day out, without respite. For millions of workers worldwide, this scenario is not just a hypothetical; it’s their reality. As temperatures rise due to climate change, the threat of heatwaves looms larger than ever, posing serious health risks to those who work outdoors or in […]
Read More →The Uttar Pradesh government recently passed the UP Lift and Escalator Act 2024, to regulate and provide registration of the construction, building, installation, maintenance, and safe working of lifts and escalators and of all machinery and apparatus pertaining thereto in the State of Uttar Pradesh. However, the rules have yet to be notified. This act […]
Read More →Introduction: The Supreme Court cautioned that celebrities, influencers, and advertisers face equal accountability for endorsing and disseminating misleading advertisements, especially regarding food and health products. Highlighting a shared responsibility, the court stressed the need for accuracy in advertisements, involving both advertisers and endorsers, including celebrities and influencers. Key Highlights: The Supreme Court warned that […]
Read More →Overview– In response to the evolving needs of the industry and in consideration of representations received, the Central Pollution Control Board (CPCB) recently addressed a crucial matter regarding the filing of quarterly and annual returns under the E-Waste (Management) Rules, 2022. On May 4th, 2024, the CPCB communicated its reception of requests from Industry Associations […]
Read More →The Central Pollution Control Board (CPCB) on May 13, 2024 has notified regarding the extension in the timeline for filing of Annual Return by Producers, Importers & Brand owners (PIBOs)/Plastic Waste Processors (PWPs) registered during FY 2022-23. Further it has been stated that, the EPR portal was under updation process for enhancement of Security features […]
Read More →The Sales Promotion Employees (Conditions of Service) Act, 1976, was enacted to regulate the terms of employment and to provide for certain conditions for the sales promotion employees in certain establishments. Applicability: Initially, the act applied to only sales promotion employees working in pharmaceutical industry but vide Ministry of Labour & Employment Notification No. S. […]
Read More →Financial institutions, Banks, or intermediaries, are required to ensure that their non-profit organization (NPO) customers have been verified on NITI Aayog’s DARPAN portal. This directive is part of broader efforts to enhance transparency and compliance within the financial sector, particularly concerning organizations that could be vulnerable to misuse for money laundering activities. The NGO-DARPAN […]
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 Alternative Investment Funds (AIFs), which provide investors with a variety of options outside of conventional investment instruments, have seen a notable increase in the Indian investing scene in recent years. Regulators have been watching this growing industry, though, especially with regard to investments made later on in bankrupt enterprises. The purpose of this circular […]
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