Central Government Introduces Time of Day (ToD) Tariff and Simplification of Smart Metering rules for electricity consumption by users including industrial customers

Tariff during solar hours (duration of eight hours in a day as specified by the State Electricity Regulatory Commission) of the day shall be 10%-20% less than the normal tariff, while the tariff during peak hours will be 10 to 20 percent higher. ToD tariff would be applicable for Commercial and Industrial consumers having Maximum demand of 10 KW and above, from 1st April, 2024 and for all other consumers except agricultural consumers, latest from 1st April, 2025. Time of Day tariff shall be made effective immediately after installation of smart meters, for the consumers with smart meters.

DGFT liberalizes and simplifies the policy for export of Drones/Unmanned Aerial Vehicles (UAVs) for civilian end uses from India

The export of Drones/UAVs not covered under the specified categories in SCOMET list in the foreign trade policy and capable of range equal to or less than 25 km and delivering a payload of not more than 25 kgs (excluding the software and technology of these items) and meant for only civilian end-use, will now be subject to General Authorization for Export of Drones (GAED), a onetime general license valid for 3 years. 

The life insurers allowed to launch new products without prior approval

Insurance Regulatory and Development Authority of India on 23.06.2023 has extended the ‘Use and File’ procedure to Group Unit-Linked Insurance products, Individual Unit Linked Insurance products which are offered with new funds and Combi products wherein Life Insurer acts as the lead.