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The government has introduced stringent regulations mandating the use of fire-resistant upholstery fabrics in non-domestic furniture, a move expected to improve public safety with respect to fire-related tragedies. Effective from October, the Quality Control Order (QCO) now requires all upholstery components used at public spaces to comply with the Bureau of Indian Standards (BIS) norms. The QCO applies to upholstered composites and fabrics used in non-domestic furniture found in public areas such as offices, malls, airports, restaurants, underground shopping complexes, museums, hospitals, places of worship, and educational institutions. The order is also applicable on all imports of complete furniture or sub-assemblies having upholstered fabric meant for public use, however relaxation till March 31, 2025 has been provided on the request of industry. "This decisive action underscores the government's commitment to enhancing fire safety in public spaces and ensuring that all ...
The Bureau of Indian Standards (BIS) on Monday announced the launch of a new Environment and Ecology Department (EED), aiming to set global benchmarks in sustainability and environmental standardisation. The national standards body organised a workshop to mark the department's creation, with over 100 experts attending from across the country, an official statement said. BIS Director General Pramod Kumar Tiwari said the new department would address "all ecological needs" and create standards for both India and the world. Leena Nandan, Secretary of the Ministry of Environment, Forest and Climate Change, stressed the importance of collaboration between BIS, her ministry, and other stakeholders in developing standards on issues like ECO-Mark, sustainable wood practices, and Blue Flag Beaches. BIS plans to host seminars in the coming months to solidify its position as a leader in environmental standardisation, Tiwari said. The move comes as India seeks to strengthen its role in global
Consumer Affairs Minister Piyush Goyal on Saturday said the government will bring more products under the mandatory quality norm as India moves towards becoming a developed nation by 2047. Addressing virtually the 77th foundation day of the Bureau of Indian Standards (BIS), Goyal said complying with high quality standards in products and services will help India achieve high goals and become a developed nation. Towards this direction, the BIS should become an ambassador of quality standards. "It should not just become an adopter of standards, but should be a pioneer of standards," he said. That apart, the BIS should frame quality standards comparable to international standards wherever possible. "For example in products like lift, air filters and medical devices, I think India can be a front-runner and set international standards." He also urged for much greater stakeholder engagement for making quality standards and asked the industry to be more demanding to set labs for testing t
India's improved forex reserve adequacy helped maintain investor confidence and improved policymakers' room for manoeuvre, said a report prepared by Bank for International Settlements (BIS). India maintained forex reserve upwards of USD 550 billion during most of 2022. BIS is an international financial institution which is owned by member central banks with primary goal to foster international monetary and financial cooperation. "Several members noted that the development of deeper and more liquid FX markets in the past facilitated efficient price discovery during 2022 and reduced the need for FX interventions or capital flow measures (CFMs) (including China, Indonesia and Malaysia)," the report said. In addition, minimum hedging requirements on corporates' net liability exposure in the past helped build firms' resilience and also mitigated the need for (or intensity of) an ex-post policy response in 2022, the report titled 'Inflation, external financial conditions and macro-financ