Legal & Regulatory

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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India Regulatory Brief: Winter Session of Parliament Begins, Bankruptcy and E-commerce Developments

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Government to Face Opposition during Winter Session

The Cabinet Committee on Parliamentary Affairs has announced that the Winter Session of Parliament will commence from the November 26 until December 23. Analysts expect the government to debate a number of key reform bills, including for the Goods and Services Tax Bill (GST), land acquisition, Factories Act amendments, real estate and bankruptcy laws.

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India Regulatory Brief: 1,500 Firms Obtain Security Clearance, Committee to Simplify Income Tax Act

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MHA Approves Security Clearances for 1,500 firms

The Ministry of Home Affairs (MHA) has reported that it has granted 1,500 security clearances since the beginning of the year. News reports state that only a few applications are now awaiting security clearances. Earlier in June, the MHA announced that it was attempting to streamline the process of obtaining security clearances to expedite the process and aid the government’s ease of doing business and Make in India initiatives.

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