Draft Digital Personal Data Protection Bill 2022
The bill shall provide the security practices and procedures that a body corporate or any person collecting, receiving, possessing, storing, dealing or handling information on behalf of the body corporate is required to observe for protecting personal data of users.
Policies of the Government aimed at ensuring an Open, Safe and Trusted and Accountable Internet for its users
The Central Government, in exercise of powers conferred by the IT Act, has made the Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Rules, 2021. These rules cast specific obligation on intermediaries, including social media intermediaries, to observe due diligence and provide that if they fail to observe such due diligence, they shall no longer be exempt from their liability under law for third-party information or data or communication link hosted by them.
Central Government has undertaken a series of reform measures to promote India’s upcoming drone industry
The Government is utilising services of Drone service providers for vaccine delivery, inspection of oil pipelines and power transmission lines, anti-locust operations, agricultural spraying, survey of mines, land mapping under SWAMITVA scheme for issuance of digital property cards, etc. Drone Training Schools have also been set up in various States which have the potential of being a game changer in the promotion and development of drone applications.
MeiTY introduces four new schemes for Promotion of Manufacturing of Electronic Components and Semiconductors
The incentive will be available to the approved projects under the scheme for the investment made within 5 years from the date of acknowledgment of the application subject to capital expenditure meeting the minimum threshold value and commencement of commercial production, and compliance to other terms and conditions stipulated in Scheme /Guidelines / Approval Letter.
Prototypes/components of electric vehicles shall be tested by the test agencies for compliance with standards
It has been advised to all States and Union Territories that vehicles without batteries can be sold and registered based on the type of approval certificate issued by the Test Agency.
Insurance Regulatory and Development Authority of India (Regulatory Sandbox) (Amendment) Regulations, 2022
IRDAI has Increased the experimental period of the Regulatory Sandbox from the existing six (6) months to up to 36 months
Insurance Regulatory and Development Authority of India (Insurance Intermediaries) (Amendment) Regulations, 2022
The Insurance Marketing Firms (IMF) shall engage Insurance Sales Persons (ISP) for the purpose of soliciting and procuring insurance products for a maximum of six Life insurers, six General insurers, and six Health insurers at any point of time, under intimation to the Authority. Provided that any change in the engagement with the insurers shall be governed by the terms of the agreement entered into between the Insurance Marketing Firm and the insurer, with suitable arrangements for servicing existing policyholders by the concerned insurer, in case of cancellation/ termination/ discontinuity of agreement.
IRDAI circular regarding the upload of Motor Third Party data in IIBI’s portal
The Appointed Actuary and Chief Compliance Officer shall ensure the completeness, reasonableness, and correctness of the data before submission to IIBI.
RBI Statement on Developmental and Regulatory Policies
The scope of BBPS shall be expanded to include all categories of payments and collections, both recurring and non-recurring in nature. This will make the platform accessible to a wider set of individuals and businesses who can benefit from the transparent and uniform payments experience, faster access to funds, and improved efficiency.
Legal Metrology (Packaged Commodities) Amendment Rules, 2022 commencement due date extended
As per the Legal Metrology (Packaged Commodities) Amendment Rules, 2022, the unit sale price in rupees, rounded off to the nearest two decimal place, shall be declared on every pre-packaged commodities.
