Introduction of Variable Dearness Allowance (VDA) in Bihar
The Governor of Bihar has introduced a formula for Variable Dearness Allowance (VDA) under the Minimum Wages Act, 1948, impacting various employee categories. This move aims to adjust minimum wage rates to reflect changes in living costs.
Pollution Concerns Prompt Renewed Focus on Sustainable Building in Kolkata
Encourage adherence to eco-friendly standards at construction sites to combat pollution, urges the government. Recently, the state urban development department has noted a surge in construction activities across various municipal areas without adequate measures to mitigate noise, dust, and water pollution.
Insurance Regulatory and Development Authority of India (Corporate Governance for Insurers) Regulations, 2024
These Regulations shall be applicable to all insurers except foreign company engaged in re-insurance business through a branch established in India.
Insurance Regulatory and Development Authority of India (Insurance Products) Regulations, 2024
These regulations shall be applicable to insurers who have been granted certificate of registration to transact the business of life insurance or general insurance or health insurance in India, as applicable. These regulations shall be reviewed once in every three years from the date of its publication, unless the review or repeal or amendment is warranted earlier.
Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024
These regulations shall be applicable to all insurers and distribution channels except for those engaged exclusively in reinsurance business, unless otherwise specified.
Insurance Regulatory and Development Authority of India (Registration and Operations of Foreign Reinsurers Branches and Lloyd’s India) Regulations, 2024
The regulations intend to promote orderly growth of the reinsurance market in India, to strengthen and harmonize the current legal and regulatory framework in relation to the various aspects governing entities engaged or intending to engage in reinsurance operations in India.
Insurance Regulatory and Development Authority of India (Registration, Capital Structure, Transfer of Shares and Amalgamation of Insurers) Regulations, 2024
To promote growth of insurance sector by simplifying the process of registration of insurer, transfer of shareholding, other forms of capital, amalgamation of insurers, listing of shares of insurers on stock exchange and to promote ease of doing business.
Ministry of Power Establishes Independent Group to Monitor Thermal Power Projects
This group will be responsible for conducting site inspections and providing assessments of thermal power projects currently under development in India. The TPMG is expected to ensure that thermal power projects are completed efficiently and according to established standards.
FSSAI Cracks Down on E-commerce Misleading Consumers with “Health Drink” Labels
FSSAI discovered that certain e-commerce websites were mis-categorizing “Proprietary Food” products (like dairy or cereal-based beverage mixes) as “Health Drinks” or “Energy Drinks.” E-commerce platforms must immediately remove or de-link these miscategorized beverages from the “Health Drink” and “Energy Drink” sections.
Aadhaar To Streamline Creation & Verification of CGHS Cards
The Central Government Health Scheme (CGHS) is adopting Aadhaar as the “Single Source of Truth” for creating and verifying CGHS cards. This move aims to address issues arising from mismatched information like name spelling, date of birth, or gender during application processes.
