Revised Reporting Norms for Fund Management Entities under IFSCA
Fund management entities are advised to provide information in the prescribed formats on a quarterly basis to International Financial Services Centres Authority.
Draft Petroleum (Amendment) Rules, 2023
No petroleum shall be imported by air or unloaded except at the airports authorized for this purpose by the Central Government in consultation with Chief Controller.
IRDAI taskforce for using bank branch network to universalize access to insurance
IRDAI has constituted a taskforce to ensure making available insurance products to the nook and corner of the country by leveraging the vast bank branch network. While banks have the option to set up a separate legal entity for distribution of insurance products as Insurance brokers, till date, such option has not been exercised by banks.
IRDAI directions for insurers to Participate in Account Aggregator (AA) Framework as Financial Information User
The FIUs in the insurance sector are encouraged to make AA related applications multilingual to make it user friendly. The FIUs in the insurance sector shall also abide by the code of conduct as specified in the IRDAI regulations/guidelines/circulars applicable to them, including redressal of grievances of the customers.
IRDAI Task Force to suggest applicable framework post Detariffication of erstwhile tariffs
Since, de-tariffication requires de-notification of existing tariffs by the Authority and publish the same in the official gazette, it has been decided to constitute a Task Force. The Task Force is required to suggest broad prudential guidelines and address associated critical operational aspects as a guidance to Insurers.
CAQM implements Stage IV of Graded Response Action Plan
Citizens have been urged to follow the citizen charter and cooperate in implementing the GRAP measures to sustain and improve air quality in the region. Special consideration is advised for children, the elderly, and those with respiratory, cardiovascular, cerebrovascular, or other chronic diseases to minimize outdoor activities and stay indoors as much as possible.
SEBI directions for simplification and streamlining of offer documents of mutual fund schemes
The new format for offer documents of mutual fund schemes shall be complied from next financial year.
Plant Quarantine (Twelfth, Thirteenth and Fourteenth) Orders
These Amendment Orders have revised the Plant Quarantine (Regulation of Import into India) Order, 2003. The Twelfth Amendment Order has revised the points of entry for imports of plants/plant materials and other articles. The Thirteenth and Fourteenth Amendment Orders have revised the list of plants/plant materials permitted import with additional declarations and special conditions.
BIS revises Standards for certain Elements, Medical Instruments and Electrical Products
The Bureau of Indian Standards (BIS) has revised certain standards for certain Elements, Medical Instruments and Electrical Products. This notification was published on 1st November, 2023. The standards have been established from 2nd October, 2023 and the previous versions stand withdrawn from 2nd November, 2023.
Institute of Teaching and Research in Ayurveda (Amendment) Regulations, 2023
The regulations aim to enhance the structure and governance of the Institute of Teaching and Research in Ayurveda. These amendments represent a comprehensive effort to modernize and streamline the governance and operations of the Institute of Teaching and Research in Ayurveda. The changes aim to enhance the effectiveness of the institute and improve the quality of education and research in the field of Ayurveda.
