GOVERNMENT STAKEHOLDERS
Government eases rules for global sourcing of medical gear
Pavan Choudary, chairman, Medical Technology Association of India (MTAI), termed the move a path-breaking effort by the government towards equitable policy making, spanning the crucial last mile which was uncovered so far.
Karnataka releases draft gig workers Bill; seeks comments from platforms, other stakeholders
Karnataka introduced draft Bill for app-based platforms to provide social security benefits to gig workers and sought public feedback. The Bill proposes fee on transactions and penalties for non-compliance. It aims to protect workers' rights and ensure basic social security. It is inspired by Rajasthan law and includes grievance redressal mechanism and prevention of illegal termination. the Bill promises welfare board, fund for gig workers. Discussions have been held with major platforms and International Labour Organisation for input.
Government sensitive towards farmers' demand: Piyush Goyal
The government of India will make all efforts to waive the penalty on excess tobacco produced by the tobacco farmers, highlighted Union Minister of Commerce and Industry Piyush Goyal during a meeting with Farmers and traders of tobacco in Hyderabad on Saturday.
Budget wishlist from agriculture & MSMEs stakeholders: Sops, infra push, easy loans and PLI schemes
Stakeholders from the agricultural sector and MSMEs provided key suggestions to Finance Minister Nirmala Sitharaman during pre-budget consultations. Suggestions included rationalizing fertilizer subsidies, boosting agricultural infrastructure investment, and implementing employee-centric production-linked incentive schemes.
IBBI proposes amendments to insolvency rules; seeks public comments
IBBI proposes amendments to enhance efficiency and reduce costs in the Insolvency Resolution Process for Corporates, seeking stakeholder inputs by July 10.
Auto emission norms to get stricter, make cars costlier
India's automakers face stricter carbon emissions norms, requiring a 30% reduction over three years or penalties. The Bureau of Energy Efficiency (BEE) proposed CAFE 3 norms effective from April 2027, with CAFE 4 norms following. CAFE 3 aims for 91.7 gm CO2/km and CAFE 4 for 70 gm CO2/km. Automakers get a five-year transition to CAFE 4, but compliance challenges remain, including pricing affordable low-emission vehicles. Penalties for non-compliance are stiff, encouraging more fuel-efficient cars.
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Trai mulls charges for existing, newly allocated numbering resources to ensure efficient use
Telecom regulator Trai is seeking stakeholders' views on the introduction of charges for existing and newly allocated numbering resources to ensure their judicious and efficient use. Trai's recent consultation paper, 'Revision of National Numbering Plan,' emphasizes the value of numbering resources and the need for their efficient utilization by telecom service providers.
CCI proposes amendments to general rules, seeks stakeholder feedback
The Competition Commission of India (CCI) has proposed amendments to the General Regulations, 2009, following recent changes to the Competition Act. The changes, based on the Competition (Amendment) Act, 2023, aim to align the general regulations with the latest framework. The changes include the appointment of independent agencies to oversee the implementation of orders, maintaining confidentiality and avoiding conflicts of interest.
Azerbaijan proposes COP truce to unite countries on climate change
Azerbaijan, the host of this year's United Nations Climate Change Conference (COP 29), is aiming to shield the annual talks from geopolitical tensions by proposing a two-week COP truce. This initiative, inspired by the Olympic truce, is intended to unite countries in a collaborative effort to address the pressing issue of climate change. Hikmet Hajiyev, foreign policy adviser to Azerbaijan President Ilham Aliyev, highlighted the current global geopolitical polarization as reminiscent of the Cold War era, making consensus-building on climate action challenging.
Hold meet with all stakeholders on Delhi water crisis, SC tells Centre
The Supreme Court directed a stakeholder meeting to address Delhi's water crisis amid an extreme heatwave. Various issues, including water wastage and shortage, were discussed, with a meeting scheduled for June 5 and the next hearing on June 6.
Urge all stakeholders to stand against threats to press freedom: Subhash Chandra
Subhash Chandra, chairman emeritus of Zee Entertainment Enterprises Limited, highlighted threats to press freedom faced by media from governing bodies and corporates, urging stakeholders to stand against such pressures.
Stakeholder states, Centre have to sit together and find solution...: Atishi on Delhi water crisis
After the Supreme Court directed the Upper Yamuna River Board to hold an emergency meeting, Delhi's Water Minister Atishi expressed gratitude for the intervention, emphasizing the need for all stakeholder states and the central government to collaborate and address the water crisis in Delhi.
Not so well known stakeholders of EV ecosystem: 8 stocks that don't come instinctively, 3 with an upside potential of more than 18%
We also have a whole list, but we have separated the eight companies, just because these companies are not the names which one would instinctively think about and probably they may have more to go as they form this index.
Public affairs & advocacy - a career choice
Advocacy and Public Affairs have evolved significantly over the past decade, transforming into a strategic function for corporates. The landscape now includes policy analysis, stakeholder engagement, and risk management. The introduction of policies like the Pre-Legislative Consultation Policy has increased public participation in the legislative process, fostering transparency and inclusivity. Public Affairs in India is evolving to champion knowledge-based engagement and inclusive practices, with companies increasingly recognizing the importance of engaging with Public Policy professionals for business decisions.
Pre-pack insolvency a success for five companies
The Pre-packaged Insolvency Resolution Process (PPIRP) settled operational creditors' claims in five cases. Introduced under the Insolvency and Bankruptcy Code (IBC) in August 2021, it involves debtor-creditor negotiation before formal insolvency. Newsletter of the Insolvency and Bankruptcy Board of India (IBBI) reported 25% realisation.
Govt to hold 2nd meet with stakeholders to issue draft guidelines for new EV policy
The Ministry of Heavy Industries is drafting guidelines for the new electric vehicle policy to attract global automakers like Tesla. Automakers, including Vietnam's Vinfast, must invest as per the new norms to avail incentives under the Scheme to Promote Manufacturing of Electric Passenger Cars in India (SPMEPCI) approved on March 15, 2024.
'Broadcasting policy must exclude OTT, online gaming and music': Stakeholders to TRAI
Media and entertainment industry stakeholders are urging the Telecom Regulatory Authority of India (TRAI) to confine its recommendations on the National Broadcasting Policy (NBP) solely to matters within the broadcasting sector. They advocate for the exclusion of non-broadcasting concerns such as OTT, online gaming, film, and music, citing that these areas fall outside TRAI's jurisdiction.
Nepal returns to locally manufactured spices after govt bans Indian spices
Nepali consumers are increasingly turning to locally manufactured and packaged spices following the ban on Indian spices due to high levels of ethylene oxide. The ancient market of Ason in Kathmandu has witnessed a surge in the purchase of locally produced spices, both processed and raw, as consumers prefer products made with traditional formulas passed down through generations. The ban on Indian spices, including MDH and Everest brands, was prompted by concerns raised by several countries, including Singapore and Hong Kong, regarding the presence of ethylene oxide, a carcinogenic pesticide.
India's spice export may fall 40 pc if EtO contamination issue not resolved quickly: FISS
The Federation of Indian Spice Stakeholders (FISS) on Friday said India's spice export may decline nearly 40 per cent in FY25 if the issue of ethylene oxide or EtO contamination in spices meant for exports is not addressed at the earliest. The statement came against the backdrop of Hong Kong and Singapore banning the sale of popular brands MDH and Everest after detecting carcinogenic chemical ethylene oxide in their products, leading to a mandatory recall from shelves.
ET Make in India SME Regional Summit in Hyderabad will focus on the state’s high-tech prowess
Starting with the tech-powered city of Hyderabad, the ET Make in India Regional Summit aims to power the state’s MSMEs leveraging on its innovative quality.
ET Make in India SME Regional Summit to kick off with the high-tech city of Hyderabad
After carving out a strong identity for itself, the ET Make in India Regional Summit is all set to begin a fresh innings this year. It becomes crucial as the country aims to tap the various opportunities the world is offering in the midst of economic and geopolitical shifts.
Govt soon to finalise framework of state mining index to ensure ease of biz: Mines secretary
V L Kantha Rao emphasized the importance of a state mining index framework to promote cooperative federalism, competition, and data accuracy in the mining sector while urging states for timely data submissions.
Govt evaluating RBI proposal for higher infrastructure provisioning; bankers, NBFCs voice concern
Lenders may oppose the draft rules, which proposes provisioning of up to 5% from current 0.4%, due to concerns over rising interest rates and potential disruption to capital expenditure. Banks plan to lobby against the steep increase, arguing it could affect project viability and economic momentum. State-owned NBFCs and infrastructure firms are also raising concerns, emphasizing the need to balance risk and support for infrastructure financing.
Spices exports to Hon Kong, Singapore to undergo mandatory testing
The Indian government will conduct mandatory testing for ethylene oxide (ETO) contamination in its spice exports to Singapore and Hong Kong, following a ban on certain spices by Indian brands MDH and Everest. The move follows allegations of ETO presence in these spices. Spice consignments to other countries will also be monitored for ETO presence.
Govt extends deadline for comments on draft digital competition bill till May 15
It has also extended the deadline for submission of comments by stakeholders on the report of Committee on Digital Competition Law (CDCL). The initial deadline is to end on April 15. Earlier, the Ministry of Corporate Affairs (MCA) had invited comments of stakeholders on the report of CDCL as well as draft digital competition bill under e-consultation module by April 15.
Driving transformation in the CV industry: highlights from the milestone 15th Apollo CV awards 2024
The 15th Apollo CV Awards 2024 celebrated India's commercial vehicle industry at the prestigious event. The awards showcased commitment to transformation and profitability, with industry experts discussing new business models and customer value strategies for the market.
Xcelerate acquires stakeholder communications consultancy Stirrup Communication
Stirrup Communication, boasting a current clientele of more than 250, ranging from the Tata Group to the Birla Group, specializes in ESG communications and corporate reporting.
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