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Electoral Trust Scheme, 2013

Electoral Trust Scheme, 2013: For the first time, an electoral trust (under Electoral Trust Scheme, 2013) has declared donation through electoral bonds and hasn’t revealed the names of the political parties that received the money, citing anonymity guaranteed under the electoral bond scheme. According to the Association of Democratic Reforms (ADR), this “practice is against […]

Central Warehousing Corporation (CWC)

Central Warehousing Corporation (CWC): Union Cabinet approves merger of Central Railside Warehouse Company Limited (CRWC) with Central Warehousing Corporation (CWC). CWC is a Mini-Ratna Category-I CPSE. It is a statutory body which was established under ‘The Warehousing Corporations Act, 1962. It is a public warehouse operator established by the Government of India in 1957 for […]

Other Service Providers

Other Service Providers: Department of Telecommunication has further liberalized the guidelines for Other Service Providers (OSPs). These entities are business process outsourcing (BPO) organisations giving Voice based services, in India and abroad. The Guidelines issued today further liberalized the special dispensation given to OSPs in addition to the major measures already announced and implemented in […]

Flash Sales Ban: Consumer Protection (e-Commerce) Rules 2020

Flash sales: The government proposed changes to the Consumer Protection (e-commerce) Rules 2020, banning all “flash sales” in order to monitor the deep discounts offered on e-commerce websites. Conventional flash sales by third party sellers are not banned on e-commerce platforms but only the predatory ones. Small businesses complain of misuse of market dominance and […]

NFRA : National Financial Reporting Authority

NFRA (National Financial Reporting Authority): NFRA has invited suggestions from public on consultation paper on NFRA’s engagement with its stakeholders. NFRA is an independent regulatory body set up under Section 132 of the Companies Act. It was established by the Central Government in October 2018. After the Satyam scandal took place in 2009, the Standing […]