Regulation Making

We have 50 different teams, each pursuing separate goals, which allows us to innovate and launch new products, said Shashank Kumar, co-founder and managing director of Razorpay, at the BFSI Summit

During its FY24 annual inspection of banks and NBFCs, the RBI flagged concerns regarding the widespread use of 'netting off' in microfinance loans

Varun Beverages, the leading bottler of beverage major PepsiCo, has plans to raise Rs 7,500 crore from the market through Qualified Institutional Placement (QIP) route to fund its growth plans. The board of the company in a meeting held on Wednesday approved the proposal for "raising of funds by way of issuance of equity shares for an aggregate amount not exceeding Rs 7,500 crore" through QIP, according to a regulatory filing by the company. The fund would be raised in "one or more tranches" and would be "subject to receipt of approval of equity shareholders of the company" through postal ballot, it added. The proceeds from this fundraise would be utilised in "making investments in subsidiaries, joint ventures or associates" or to "fund the growth of existing businesses including expanding product portfolio, entering into new territories and making strategic acquisitions". This will also help in "Pre-payment or repayment" of debts and in general corporate purposes, Varun Beverages

The proposed OTT regulations are also expected to seek a reduction in the use of profanity, even when it is considered vital to the script

The Public Accounts Committee of Parliament, chaired by Congress leader KC Venugopal, has decided to assess the performance of regulatory bodies established by Acts of Parliament this financial year

Oil regulator has formed a committee under former Sebi chairman Ajay Tyagi to recommend ways of ending monopolies enjoyed by companies engaged in both transportation and marketing of natural gas and city gas retailing. The eight-member committee has been asked to give its recommendations on splitting entities engaged in both transportation and marketing of natural gas, and ending the monopolies of city gas retailers where required, the Petroleum and Natural Gas Regulatory Board (PNGRB) said in an order. The panel has been asked to submit its report in three months. In mature markets, energy infrastructure is operated on a common carrier principle that gives access to third parties. Any user or supplier could access any gas pipeline, irrespective of who owns it. But that is not the case in India with users and suppliers often complaining of not getting access. The government had a few years back considered splitting state-owned gas utility GAIL (India) Ltd by hiving off its pipeline

Competition Commission can now appoint agencies to monitor the implementation of its orders, with the notification of amended regulations. The move also comes amid instances of some entities flagging concerns about non-compliance with certain orders of the regulator, which works to ensure fair competition in the market place. The Competition Commission of India (General) Regulations, 2024 were notified on Tuesday. Now, agencies can be appointed by CCI to monitor the implementation of its orders. The agencies can be accounting firms, management consultancy or any other professional organisation or chartered accountants, company secretaries or cost accountants. "Where the Commission is of the opinion that the implementation of its orders passed under Section 31 or Section 48A or Section 48B or any other provisions of the Act and regulations made thereunder, needs monitoring, it may appoint agencies to oversee such implementation, on such terms and conditions as deemed fit by the ...

Industry also faces shortages of component suppliers and talent, particularly in research and development

Company secretaries' apex body ICSI has come out with a framework to promote sustainable and responsible investment practices that seek to help institutional investors and service providers. The ICSI Guiding Principles on Stewardship (IGPS) is a framework of ethical stewardship practices to empower institutional investors and service providers, it said in a release. The framework outlines best practices for responsible investment, encompassing environmental, social, and governance factors. It aligns with the global trend and offers much needed guidance towards sustainable and responsible investing, the Institute of Company Secretaries of India (ICSI) said in the release. The framework was launched at the institute's Middle East Conference in Abu Dhabi, UAE on Wednesday.

The Directorate General of Civil Aviation (DGCA) has set up internal working groups for studying various aspects related to operating electric air taxis and develop appropriate regulations, the government said on Monday. With respect to electric Vertical Take Off and Landing (eVTOL) capable aircraft for carrying passengers, the International Civil Aviation Organisation (ICAO) has established the Advanced Air Mobility Study Group in light of rapid technological advances of new entrants and the potential impact on the aviation ecosystem. "In tandem with that, DGCA has also constituted internal working groups for studying various aspects related to operation of eVTOL to assess and develop appropriate regulations/ requirements suitable for India," Minister of State for Civil Aviation Murlidhar Mohol told the Rajya Sabha in a written reply. He said these working groups will study relevant regulations published by other countries/ civil aviation authorities, seek inputs from the industry

The Senate inquiry commission recommended replacing last November's agreement with 'real regulation' in the form of a CfD on the existing nuclear fleet

Rare earths belong to the country and no organisation or individual are allowed to claim them, the State Council said in a statement on its website

It asked the government to ban sexually explicit content completely

The amounts lenders are fined for violations are too little and may not deter them

The SRO story has just begun to unfold

Drugs Controller General of India (DCGI) Rajeev Singh Raghuvanshi on Thursday said bringing down regulatory intervention in the system and making it more simpler is a top priority for the organisation. The DCGI is the apex authority in the country responsible for approval of licences of specified categories of drugs such as blood and blood products, intravenous fluids, vaccine and serum. It functions under the Directorate General of Health Services (DGHS) of the Ministry of Health. Delivering a lecture at the CSIR-Indian Institute of Chemical Technology (IICT) here on the occasion of National Technology Day, he said there are currently many licences and interventions present in the system with a scope of making it much more simpler. "...our (DCGI) current priorities for a couple of years, the first being, (we) want to reduce the regulatory intervention in the system. There are lot of licences and interventions. There is a scope of making it much more simpler. That is one area, where

The Insolvency and Bankruptcy Board of India (IBBI) has sought public comments on the regulations notified till date under the insolvency law as it looks to crowd source ideas for the regulatory framework. Noting that public consultation enables collective choice, IBBI said participation of the public, particularly the stakeholders in the insolvency ecosystem ensures that the regulations are informed by the legitimate needs of those interested in and affected by the regulations. IBBI is a key institution in implementing the Insolvency and Bankruptcy Code (IBC), which came into force in late 2016. "In a dynamic environment, despite the best of efforts and intentions, a regulator in such novel and emerging regulatory regime may not always be able to address the ground realities. "Further, the stakeholders may contemplate, at leisure, the important issues in the extant regulatory framework that hinder transactions and offer alternate solutions to address them. This is akin to ...

The proposal for a regulation on AI published by the European Commission recently is the first document of its kind to attempt to tame the multi-tentacled beast that is artificial intelligence

We require special care when giving unelected officials the power to write law