Govt planning contentious laws to cut power utility debt worth Rs 6 trn

India is planning laws that would boost competition and lower debt at its power distribution companies, but also risks fomenting anger in a country where electricity is often used as an election sweetener. Key proposals include allowing more utilities to operate within the same circles, mandating regulators to set … Read more

Monsoon session: Domestic laws extended to Indian centres in Antarctica

Amid protests by the Oppo­sition, Parlia­ment Mon­day passed a Bill that seeks to extend the application of domestic laws to research stations set up by India in the Antarctic region. . The Indian Antarctic Bill, 2022, piloted in the Upper House by Earth Sciences Minister Jitendra Singh, was passed with a voice vote after … Read more

Axis MF: Axis MF found evidence pointing to violations of securities laws: Chandresh Nigam

Early in May, Axis Mutual Fund, one of India’s top asset managers, was in the eye of the storm after allegations of wrongdoings by two executives – Viresh Joshi, chief trader and an equity fund manager, and Deepak Agarwal, assistant fund manager – erupted. Subsequently, both the employees were asked to leave the fund house. … Read more

Eight months after rolling back farm laws, Centre sets up MSP panel

Nearly eight months after the government repealed the three controversial farm Acts, it has constituted a high-powered panel under the chairmanship of former agriculture secretary Sanjay Agarwal to make the minimum support price (MSP) mechanism more effective and transparent as promised by Prime Minister Narendra Modi in his televised address announcing … Read more

Govt likely to introduce bills to amend competition, insolvency laws

The government is likely to propose amendments to the competition and insolvency laws as it seeks to further strengthen the regulatory regime as well as address the needs of new age markets. The bills to amend these laws have been listed for introduction, consideration and passing in the monsoon … Read more

Goa govt working to ‘decriminalise’ old industrial laws: CM Pramod Sawant

Goa Chief Minister Pramod Sawant on Friday said the state government is working towards the “decriminalisation” of some outdated laws related to industries. “It is a national policy to decriminalise the laws that are outdated and not in use. On those lines, we will be decriminalising the laws which … Read more

Centre dilutes penal rules in air, water pollution and eco protection laws

The Ministry of Environment, Forest and Climate Change (MoEFCC) has proposed dilution of penal provisions from three key laws – Environment Protection Act, 1986, Air (prevention and control of pollution) Act, 1986 and Water (prevention and control of pollution) Act, 1974. The ministry said in a set of notifications … Read more

Meta settles claims that ads violated fair housing laws

Meta Platforms Inc. will change its ad delivery system to address concerns that it violates the Fair Housing Act by discriminating against users, as part of a settlement with a federal regulator. The accord resolves a lawsuit by the U.S. Department of Housing and Urban Development alleging that the algorithms used in Meta’s advertising systems allowed marketers … Read more

New social media laws in response to rights violations, says Centre

India on Monday reissued new rules on social media companies that it proposed then abruptly withdrew last week, making no changes but explaining that the law was needed because the companies had violated Indians’ constitutional rights. The country last week released a draft of changes to its IT law … Read more