Regulatory Policy

Policymakers-industry partnership vital for healthcare delivery: Dr Reddy's

Dr Reddy's Laboratories on Monday said partnerships between policymakers and industry are vital to build a future-ready healthcare system that serves millions. Satish Reddy, the chairman of the Hyderabad-based drug major, joined industry leaders at the sixth Pre-Budget Consultation chaired by Union Finance Minister Nirmala Sitharaman in the national capital. He shared his perspective on the importance of risk-based innovation funding to strengthen India's pharmaceutical ecosystem and accelerate breakthroughs that improve patient access and affordability. "At Dr Reddy's, we believe that partnerships between policymakers and industry are vital to building a future-ready healthcare system that serves millions," Reddy said in a post shared by the drug firm on social networking platform LinkedIn.

No regulatory backing but stablecoin use steadily rising in India

The anonymous founders of Bitcoin, the world's largest cryptocurrency by market capitalisation, intended to substitute the centralised model of money with decentralised cryptography

Indian policing and the legacy of violence: A call for urgent reform

Has the dehumanisation of the police worsened their violence? Deana Heath and Jinee Lokaneeta explore this through political and sociological lenses, calling for urgent reform

Best of BS Opinion: Why India needs wide-ranging regulatory reforms

Today's opinions track regulatory practices and reforms that are required across key sectors of the Indian policy-scape.

Regulating the regulators: Less diversity may weaken reform principle

Note that the erosion of these principles followed in the early years of reforms did not happen suddenly or only now. This occurred gradually over the last many years

AI may enable collusion; regulators need a forward-looking approach: CCI

Artificial intelligence is a driving force in modern markets that also has the potential to enable collusion, including algorithmic discrimination under the garb of dynamic pricing, CCI chief Ravneet Kaur said on Sunday. She also emphasised the need to adopt a forward-looking approach as well as trust-based regulations. Delivering the special address at the 10th National Conference on Economics of Competition Law in the national capital, Kaur said Artificial Intelligence (AI) is a driving force in modern markets. AI shapes pricing strategies, decision-making, and operational efficiencies across industries but also presents risks, she noted. According to the Competition Commission of India (CCI) Chairperson, AI can enable new forms of collusion such as "cartels without human communication, price coordination without explicit agreements, and algorithmic discrimination under the garb of dynamic pricing". The fair trade regulator is already conducting a study on AI and competition. W

RBI raises UCBs' small-value loans per borrower cap to Rs 3 crore

According to RBI norms, UCBs are required to have at least 50 per cent of their aggregate loans and advances consisting of small value loans by March 31, 2026

Fintech sector voices concerns amid regulatory fears in meeting with FinMin

The fintech sector has expressed its concerns about declining investments, particularly from abroad, as the narrative around this sector has become less positive

Sebi mandates granular disclosures for ODIs, restricts derivatives

FPIs to issue ODIs only through a separate registration

SME platform reforms: Sebi focuses on safeguarding retail investors

The regulator had in May 2010 prescribed a revised framework for setting up a stock exchange or a trading platform (by the existing stock exchanges) with terminals across the country for SMEs

DPIIT proposes to appoint agencies for ascertaining cost of regulation

The Department for Promotion of Industry and Internal Trade (DPIIT) has proposed to appoint survey agencies to ascertain of cost of regulation in the country. The department is undertaking an exercise to assess the cost of regulations in states with a view to further improving the ease of doing business. "DPIIT proposed to undertake the measurement of administrative cost burden related to multiple compliance requirements prescribed by the government departments across the country," according to a request for proposal (RFP) of the department. It said that the objective of this exercise is to conduct the survey of industry users, intermediaries and interviewing experts related to identified services across all states/Union Territories in India. "The DPIIT is seeking to employ the services of qualified survey agencies to assist in this initiative," it added. The objectives of the assignment included objectively measuring the administrative cost burden arising from shortlisted governm

Berkshire Hathaway's Ajit Jain sells over half of his class A shares

Jain, one of Buffett's top lieutenants, disposed of 200 of the Class A shares for about $695,418 each, according to a regulatory filing Wednesday

Age-rating framework for content needed in India, says gaming body

Age-rating and content description, while not legally mandated, play a crucial commercial role in ensuring the widest access and dissemination of a publisher's gaming content among the public

RBI proposes regulatory principles for managing model risks in credit

The Reserve Bank on Monday proposed to lay down principles for management of model risks in credit for banks and other regulated entities with a view to ensuring prudence and robustness. Regulated Entities (REs) generally use various models as part of their credit management, including for credit appraisal, borrower scoring, pricing, and risk management, among others. Inherently, model outputs are exposed to uncertainties as they are based on assumptions which may not manifest in the envisaged ways and may take different forms in a real-world scenario, the RBI said in a draft circular on Regulatory Principles for Management of Model Risks in Credit'. This potentially exposes REs to model risk, which has implications on prudential aspects of credit risk management, compliance and reputational risk. With a view to ensuring prudence and robustness, in the use of such models, RBI proposed to lay down certain broad regulatory principles which should be adopted by REs. "REs shall put in

RBI revamps regulatory framework for domestic money transfer services

The changes in the current framework have been made based on recent review of various services for payments transfer

Regulatory fee or unjust enrichment?

Regulators are empowered to levy fees for services rendered, not to impose tax-like levies to create surpluses for themselves

RBI imposes Rs 60.3 lakh penalty on 5 co-operative banks for flouting norms

The Reserve Bank has imposed penalties totalling Rs 60.3 lakh on five co-operative banks for contravention of various regulatory norms. A penalty of Rs 43.30 lakh has been imposed on Rajkot Nagarik Sahakari Bank for non-compliance with RBI directions on 'ban on loans and advances to directors and their relatives, and firms/concerns in which they are interested', 'prohibition on opening of saving bank accounts in the names of certain bodies/organizations' and 'maintenance of deposit accounts'. The central bank has imposed a monetary penalty of Rs 5 lakh each on The Kangra Co-operative Bank (New Delhi), Rajdhani Nagar Sahkari Bank (Lucknow), and Zila Sahakari Bank, Garhwal (Kotdwar, Uttarakhand). Besides, a penalty of Rs 2 has been imposed on District Co-operative Bank (Dehradun). In each case, the RBI said the penalties are based on deficiencies in regulatory compliance and are not intended to pronounce upon the validity of any transaction of agreement entered into by the banks with

Regulatory uncertainty central theme for investments towards fintech firms

Investment dips as sector grapples with new rules and market dynamics

Indian-origin executives appointed to Britain's competition regulator CMA

Indian-origin executives with years of experience in the field of law and finance have been appointed to the board of the UK's Competition and Markets Authority (CMA), a non-ministerial department responsible for strengthening business competition and curbing anti-competitive practices. Dharmash Mistry, a venture capitalist specialising in technology, new business models and finance, was named among four new non-executive directors of the CMA by the British government's Department for Business and Trade (DBT) last week. Meanwhile, Cyrus Mehta a former partner at international law firm CMS in London was named on the CMA board as a Panel Member, Non-Executive Director. Our new board members will bring further fresh perspectives and expertise at a time when our responsibilities, and our positive impact on people, businesses and the economy, are growing significantly, said CMA Chair Marcus Bokkerink. They will help us continue the great strides we have made over the past year to ensu

Take more steps to curb unauthorised lending apps: FM to regulators

Finance Minister Nirmala Sitharaman on Wednesday asked financial sector regulators, including the Reserve Bank of India (RBI), to take further measures to check spread of unauthorised lending through online apps. Addressing the 28th meeting of the Financial Stability and Development Council (FSDC) here, Sitharaman also asked regulators to maintain constant vigil and be proactive towards detecting emerging financial stability risks, given the domestic and global macro-financial situation. The FSDC deliberated on issues related to macro financial stability and India's preparedness to deal with them, an official statement said after the meeting. The ongoing inter-regulatory issues were also discussed to support GIFT IFSC in its strategic role to become one of the world's premier international financial centres and perform its envisioned role of facilitating foreign capital and financial services for the domestic economy, it said. The FSDC discussed various issues related to the ...