STRICTER REGULATIONS
‘Organic’ and ‘natural’? India’s $32 billion packaged food and beverage industry struggles with disclosures
The packaged food industry should be more upfront about the ingredients they use to make products. It is a question of public health, say experts.
Sebi approves stricter norms for inclusion of individual stocks for derivative trading
The criteria for exit would apply to only those stocks which have completed at least six months from the month of entry into the derivative segment. while for existing stocks in the derivatives segment, the exit criteria on the basis of performance would be applicable three months after the date of issuance of circular, Sebi said.
CCI rejects plea against Google for allegedly giving Truecaller exclusive access to user data
The Competition Commission of India (CCI) dismissed a complaint against Google India alleging it favored Truecaller by allowing it exclusive access to users' private contact information. The complaint, filed by Rachna Khaira, claimed this gave Truecaller a monopoly in caller ID and spam protection apps. The CCI found the allegations unsubstantiated, noting Khaira failed to provide credible evidence. Google argued it prohibits unauthorized publishing of contacts and denied preferential treatment to Truecaller. The CCI concluded users voluntarily provided contact information to Truecaller.
Sebi weighs tighter checks for stocks at F&O entry gate
In its June 8 consultation paper, Sebi had sought feedback from market participants for its plan to revise the eligibility criteria for stocks to be a part of the futures and options (F&O) segment. The regulator wants stocks that are part of the derivatives market to be more liquid and traded by a wide set of market participants to prevent manipulation and lower risks to the system.
Dead mouse found in Ahmedabad eatery's sambar sparks outrage: Health officials respond
A customer found a dead mouse in sambar at an Ahmedabad eatery, sparking outrage on social media. This incident follows recent food safety concerns, including a human finger in ice cream and a dead mouse in Hershey’s syrup. The Ahmedabad Municipal Corporation (AMC) issued a notice to the restaurant, highlighting severe health violations. Food safety officer Bhavin Joshi urged local businesses to maintain strict hygiene to prevent such incidents.
Sebi proposes stricter norms for inclusion of derivative trading on individual stocks
Capital markets regulator Sebi on Monday proposed stricter norms for the entry of individual stocks in the derivatives segment. The new proposal would weed out stocks with consistently low turnover from the Futures & Option (F&O) segment of the bourses.
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Bad taste for ‘aam aadmi’: How adulterated mangoes pose fresh headache for regulators, consumers
The use of banned chemicals to ripen fruits is prevalent despite penalties and laws. The ball is in the food safety regulator’s court.
RBI penalties up 88% in 3 yrs; KYC, AML top list
The number of penalties imposed by the Reserve Bank of India on financial institutions grew 88% in the past three years with Know Your Customer (KYC) and Anti Money Laundering (AML) topping the list of non-compliances. The central bank collected ₹78.6 crore over the three years after imposing penalties on 261 occasions in 2023 alone, according to RBI reports compiled by Signzy, a fintech firm that manages regulatory compliance for institutions.
Beware! Misleading ad-game tricking Indians rather than offering ‘Umeedo Wali Dhoop’?
Advertisements have left a lasting impact over the years, from Amul's iconic "Utterly Butterly Delicious" to Cadbury's memorable ads. However, misleading claims in ads, especially in the digital space, are increasing. ASCI found that 81% of the 8,299 ads evaluated in 2023-24 were misleading. Social media influencers often promote products without proper regulation. Technological advancements and ethical guidelines are needed to ensure transparency and authenticity in advertising, to maintain consumer trust and loyalty.
EU in touch with Telegram as it nears criterion for EU tech rules
The Digital Services Act (DSA) which kicked in last year applies to all online intermediaries and platforms, but with tougher obligations on Big Tech to do more to police illegal and harmful online content on their platforms.
New driving license rules coming into effect from June 1. Check details
New driving license rules effective from June 1 allow tests at private training centres instead of RTOs, with fines for speeding ranging from Rs 1000 to Rs 2000.
Bihar alcohol ban prevented 21 lakh cases of intimate partner violence: Lancet study
Bihar's 2016 alcohol ban prevented 24 lakh cases of daily and weekly alcohol consumption and 21 lakh cases of intimate partner violence, according to a study published in The Lancet Regional Health Southeast Asia journal. The ban is also estimated to have prevented 18 lakh men in the state from becoming overweight or obese. The study, based on data from national and district level health and household surveys, suggests that stricter alcohol regulation policies may yield significant population-level health benefits for frequent drinkers and victims of intimate partner violence.
UK's Graduate Visa programs may stay, but Sunak plans crackdown on foreign education agents
UK Prime Minister Rishi Sunak is set to announce crackdown on agents marketing graduate visa schemes overseas, aiming to toughen migration stance before elections.
MF investors get KYC relief as Sebi withdraws PAN-Aadhaar link norm
The Securities and Exchange Board of India (Sebi), in a circular on May 14, removed the requirement for investors to link the permanent account number (PAN) with Aadhaar to obtain the 'KYC registered' status for mutual fund transactions. This means all investors can continue putting money into mutual funds without putting up additional documents for the time being.
Pune: Automatic Rs 10,000 challan at petrol pumps for not having this document. Check latest rule
Pune Traffic Rule: Authorities in India working on stricter regulations to reduce vehicular pollution, promoting eco-friendly fuels and electric vehicles. Pune authorities have developed automated system using advanced cameras at petrol pumps to penalize vehicles without valid PUC certificates. Waiting for official confirmation on timeline for implementation. Drivers may have a grace period to renew PUC certificates.
Shipping is a dirty business. Cleaning it up is lucrative
HD Hyundai Marine's successful IPO attracted investors' attention by doubling stock value. It aims to provide eco-friendly solutions and expand globally in the maritime industry.
Spain's party islands have had enough of rowdy tourists; ban alcohol sales at night
The Balearic Islands enact a ban on alcohol sales from 9.30pm to 8am in a bid to combat excessive drinking and rowdiness in tourist hotspots like Mallorca and Ibiza. The new regulations target specific areas and enforce penalties up to €3,000 for violations, signaling a proactive approach to tourism management.
Sebi comes out with stringent rules to tackle misconduct, corrupt practices by employees
In its notification dated May 6, Sebi said that the new framework would be also applicable to those employees who have resigned or retired from the services or have completed the tenure of deputation. The new rules have been made applicable from the same date.
Chennai local body announces strict rule for pet dogs after Rottweilers maul 5-year-old: Read new rules here
In response to a recent Rottweiler attack on a five-year-old girl in a Chennai park, the Greater Chennai Corporation has imposed stricter pet regulations. Dogs must now be leashed and muzzled in public parks, with only one allowed per owner. A pet license is mandatory, ensuring compliance. Meanwhile, the injured child, Sudaksha, undergoes treatment, with the Corporation covering expenses. Investigations are ongoing into the incident.
RBI’s stricter KYC rules may slow merchant onboarding 90%: experts
The new rules will be applicable to existing payment aggregators such as Razorpay, Cashfree, and PayU, card payment companies, such as Pine Labs, Innoviti Payments, and MSwipe, and QR code deployers, such as PhonePe, BharatPe and Google Pay.
Startups in queue for insurance licence face stricter norms
Backing of a large local investor, considerable net worth of promoter and founder are among key requirements laid down by the sector regulator.
Balancing fintech regulation with innovation tricky: World Economic Forum official
Matthew Blake navigates the delicate balance between regulation and innovation in the rapidly evolving fintech landscape, emphasizing the need for proactive measures to combat fraud and ensure sustainable growth.
Sebi may offer FPIs relief on stricter disclosures
The board may also discuss another proposal to allow alternative investment funds (AIFs) to pledge their shares in infrastructure sector investee companies in a bid to allow these investment vehicles to engage in leverage.
India's food safety regulator working on stricter rules for health supplements
The authority had received several complaints about many non-compliant health supplements being sold in the market, according to anofficial, after which it conducted a drive across the country to check nutraceuticals and health supplements for quality and safety throughout their manufacturing and sale process.
Indian airlines shouldn't gamble with stricter safety if they want more business
Indian airlines need to embrace new rules mandating longer breaks and shorter work hours for pilots. Delaying implementation could have consequences, as seen in past accidents. Ensuring passenger safety and comfort is crucial for the growth of the aviation industry.
'Concentrated' AIFs need stricter rules to stop misuse: Fund Houses
Even though an industry-wide consensus is yet to be reached on the subject, a number of AIF managers are taking such positions with the Securities and Exchange Board of India (Sebi) having made it clear that it would like to put an end to deals that are cut to circumvent different financial regulations. Such practices, according to the regulator, could erode trust in the system.
DGCA issues stricter breath analyser norms for air traffic controllers, others
India's aviation regulator, the Directorate General of Civil Aviation (DGCA), has increased the mandatory percentage of air traffic controllers, aircraft maintenance engineers, and safety-sensitive personnel at airports undergoing breath analyser tests from 10% to 25%. The revised Civil Aviation Requirements (CAR) will come into effect after three months, according to the DGCA
Local glove makers call for stricter rules to check dumping
The makers of nitrile gloves are meeting the Bureau of Indian Standards (BIS) on Wednesday urging them to intervene as the market is being flooded by poor quality glove dumping.
BFSI firms ramp up legal teams
Demand for legal and compliance professionals in the BFSI sector has surged, with companies making key appointments to strengthen regulatory adherence. There has been a sixfold jump in managing director level movement in legal and compliance functions. The need for skilled senior compliance professionals has increased, especially in the BFSI sector. Financial institutions are recruiting senior compliance officers to ensure customer protection and market transparency. The recent regulatory emphasis has fueled the demand for experts in compliance roles.
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