RBI Invites Feedback on Draft Master Direction on Managing Risks and Code of Conduct in Outsourcing of Financial Services   Introduction: The Reserve Bank of India (RBI) has recently released a draft Master Direction on Managing Risks and Code of Conduct in Outsourcing of Financial Services. In an effort to gather input and feedback from stakeholders, the RBI has invited comments on the draft direction, which aims to provide comprehensive guidelines for managing risks associated […]

Buying Green Power may become mandatory under the Energy Conservation Act The Indian government is on its way to making the national renewable purchase obligations (RPOs) enforceable under the Energy Conservation Act, which carries heavy penalties for non-compliance. RPOs necessitate obligated entities, including open-access consumers, distribution companies, and captive power producers to buy a minimum amount of renewable energy. While the central Government announces the RPO trajectory for compliance by obligated entities, the State Regulatory […]

  When it comes to renting a residential property, the onus is on both landlords as well as tenants to protect their interests, especially when you consider the prevalence of shady practices involving rental agreements. While almost all lease agreements contain clauses that safeguard the landlord’s interests, experts believe it’s time tenants become more proactive and protect themselves too. Yet, considering the relative dearth of bargaining power they possess when it comes to signing rental […]

Government Plans Incentive Scheme to Boost Battery Production for Electric Vehicles The Indian government is taking significant steps to accelerate the adoption of electric vehicles (EVs) in the country. One such initiative is the introduction of a new production-linked incentive (PLI) scheme for batteries. Union Minister R K Singh recently announced that this scheme aims to bring down costs and increase the production volumes of batteries, thereby making EVs more accessible and affordable for consumers. […]

India’s Strategy to Avoid EU Carbon Levy and Promote Green Energy Transition   India Explores Local Tax Options to Sidestep EU Carbon Tax, Says Trade Minister India is actively considering implementing a local tax on high-carbon goods as a means to bolster its green energy transition and avoid the European Union’s carbon tax on imports. Trade Minister Piyush Goyal revealed this strategy during an industry event, emphasizing the significance of finding alternatives to the EU’s […]