Legal & Regulatory

India Regulatory Brief: New Tariff Policy for Power Rates, Relaxation of Compliance Norms for Start-Ups

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New Tariff Policy to Regulate Power Rates

The Indian government has approved new amendments to the National Tariff policy, 2005, which will tighten regulations on power tariffs and promote clean energy. Amendments to the tariff policy include the insertion of the word ‘necessarily’ in Section 61 of the Electricity Act 2003, empowering regulators to determine power rates at a utility level. The new regulations authorize customers to make use of smart meters to check power thefts and net metering. Additionally, they allow customers to interact with distribution companies and save money by switching off appliances during peak hours. Power companies can now expand their existing generation capacity to 100 percent and pass central taxes onto consumers. Other recommendations in the policy include promoting the use of renewable sources of energy and creating an environment enabling competition, efficiency and improvement in power supply.

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India Regulatory Brief: Regulatory Body for Medical Tourism, New Stringent Norms for Food Import

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Regulatory, Accreditation and Marketing Sub-Committees to Oversee Medical Tourism

 The Minister of State (Independent Charge) for Tourism, Culture and Civil Aviation Mahesh Sharma has announced that sub-committees will be formed to oversee the regulation, accreditation and marketing of medical and wellness tourism. The announcement was made at the first meeting of the National Medical & Wellness Tourism Board, which has been established to provide effective, time-bound solutions to the health tourism sector.

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India Regulatory Brief: Stricter Emission Norms by 2020, Proposed Fee Hike for Pharmaceutical Products

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India to Implement Stricter Emission Norms By 2020

After months of speculation, the Indian government announced that it will be advancing the implementation of BS-VI fuel emission norms by four years to 2020. The government’s decision to skip the intermediary level of BS-V vehicular fuel norms will finally bring Indian fuel emission standards at par with the U.S., Japan and the EU, which follow Euro Stage VI emission norms.

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India Regulatory Brief: Commercial Dispute Resolution Eased, New Rules On Insider Trading

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Key Reform Bills yet to be Passed, but Resolution of Commercial Disputes Made Easier

The turbulent winter session of Parliament ended on December 23 after considerable political deadlock, cross-party rhetoric and lack of legislative debate.

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India Regulatory Brief: Delhi Bans Luxury Diesel Vehicles, New Minimum Wage Considered

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Supreme Court Bans Luxury Diesel Vehicles in Delhi to Combat Pollution

The Supreme Court of India has enforced a ban on the registration of diesel-run private cars with an engine capacity of 2000 cc or higher until 31 March 2016 to control air pollution in the capital Delhi. The order surpasses any other orders passed by the lower courts, including the National Green Tribunal (NGT). The decree explains that these high-end diesel-run SUVs are more prone to cause high levels of pollutions as compared to other types of vehicles.

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India Regulatory Brief: Delhi to Introduce New Environmental Laws, Authorities Issue Notice to Companies Without Women Directors

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Delhi Authorities Announce Measures to Combat Air Pollution

The Delhi government announced a series of measures to curb pollution levels in the capital after the Delhi High Court made a statement about Delhi’s poor air quality. These measures include restrictions on plying of private vehicles, shutting down of a coal power plant and other measures, such as vacuum-cleaning roads.

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India Regulatory Brief: EPFO Relaxes PF Withdrawal Procedure, RBI Liberalizes Foreign Borrowing Norms

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New EPF Regulation Changes Withdrawal Procedure

The Employees Provident Fund Organization (EPFO) has issued a circular informing that employees who are Aadhar-seeded Universal Account Number (UAN) holders will no longer need their employer’s approval in order to withdraw their Provident Fund. This will allow for fast settlement of claims as employees can submit claims in Form 19, Form 10c and Form 31 directly to the commissioner without their employer’s signature.

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India Regulatory Brief: FDI Policy for Single-Brand Retail Relaxed, Regulatory Environment Scrutinized

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Government Relaxes FDI Policy for Single-brand Retail

The government has relaxed FDI norms in 15 sectors. The policy revision will now allow single-brand retail firms to sell directly online if they have an established brick and mortar store. According to guidelines released by the Department of Industrial Policy and Promotion (DIPP), 30 percent of the value of goods purchased must be sourced from the opening of the first store. Presently, single-brand retail is allowed only 49 percent in FDI; this may be raised up to 100 percent if the government approves.

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