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Many people are victims of unfair trade practices in India. However, not many people are aware about what is considered an unfair trade practice. An unfair trade practice refers to the use of various fraudulent, unethical or deceptive methods to obtain business. To maintain market integrity and consumer confidence, it is really important to ensure […]
An institutional mechanism is being worked on by the Indian government’s Finance Ministry and the Commerce Ministry industry for the verification of tax refunds provided to exporters under key duty remission scheme of the government to steer clear of countervailing duties imposed by major importing countries like US and EU. Following an anti-subsidy investigation, the […]
ITUWTSA will be held at Pragati Maidan in New Delhi, India, from 15th to 24th October, 2024. The World Telecommunication Standardization Assembly (WTSA) of the International Telecommunication Union (ITU) is the ITU Standardization Sector’s governing conference. Headquartered in Geneva, Switzerland, ITU is a specialized agency of the United Nations for information and communication technologies (ICTs). […]
The Stock and Exchange Board of India (Sebi), in collaboration with the National Institute of Securities Market (NISM), has introduced a free Investor Certification Programme. This voluntary certification has been launched with the objective of helping investors in testing their knowledge of markets and investing, according to the market regulator. Sebi said that this programme […]
On 7th June, RBI Governor Shantikanta Das said that India’s foreign exchange reserves hit a record high of $651.5 billion as of 31st May, 2024. “India’s external sector remains resilient and the key external vulnerability indicators continue to improve,” the Central Bank’s Governor said while announcing the latest interest rate decision. He further added, “Overall, […]
Newspapers are the link between people and their government. They’re the ‘voice’ of the general public and the custodians of truth. Even though the fall of newspapers has long been predicted due to the rise in technology, they still continue to survive globally despite competition from radio, television and the internet. This is because newspapers […]
The Food Business Operators (FBOs) have been asked by the Food Safety and Standards Authority of India (FSSAI) to remove the “100% fruit juice” claims from the advertisements and labels of reconstituted fruit juices which are widely available in the Indian market. The FBOs are asked to withdraw such claims immediately. However, FSSAI has given […]
According to the Insurance Regulatory and Development Authority of India (IRDAI), the insurance companies must accept cashless claims and pay any associated costs within three hours of a hospital requesting discharge. In the event that an insured person passes away, claims must be handled promptly and the mortal remains (body) must be released right away. […]
India’s two target telecom operators Reliance Jio and Bharti Airtel are set to compete for market share in the African continent. India’s largest telecom operator Reliance Jio will start its services in the African continent almost 8 years after Bharti Airtel. The West African country of Ghana has partnered with a subsidiary of Reliance Jio, […]
To provide various operational and procedural aspects to be adopted by all insurance companies, the Insurance Regulatory and Development Authority of India (IRDAI) has released a master circular. The master circular titled “Master Circular on Corporate Governance for Insurers, 2024” shall apply to all the insurers, with the exception of foreign companies that are involved […]