Regulations Current Affairs, GK & News

Unified Development Control and Promotion Regulations

The Unified Development Control and Promotion Regulations (UDCPR) was unveiled by the Maharashtra government to strengthen real estate development in the state. This new set of rules governs the real estate development. These rules may bring uniformity in width of roads, size of rooms etc. This is to increase the stock of affordable housing projects ..

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Medical Devices now to be regulated under Drugs and Cosmetics Act

On February 11, 2020, Ministry of Health and Family Welfare announced that medical devices are to be brought under Drugs and Cosmetics act (DCA). This is to come into effect from April 1, 2020 Highlights According to the regulation, every product that is used to treat a patient will now be under the ambit of ..

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Amazon to invest 1 billion USD in India; Create 1 million jobs

On January 17, 2020, one of the world’s largest retailer Amazon announced that it has planned to invest 1 billion USD in India and generate 1 million jobs. Globally Amazon has increased its employee base four times. Highlights The retailer has been constantly facing rage of the small and medium enterprises in India for its ..

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Regulations of Drones in India hastened

On January 13, 2020, the Indian Aviation Ministry announced that registration of all drones in the country is mandatory. The Ministry has given January 31, 2020 as deadline for the users to register their drones. Highlights Every drone is to be provided with a Unique Identification Number (UIN) under the scheme. GoI has opened an ..

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Regulation of Housing Finance Corporations

The Central Government of India may give the power to regulate the various housing finance corporations (HFCs) in the country to the Reserve Bank of India (RBI). The inclusion of RBI in the regulatory role would mean stringent asset quality reviews for the HFCs. RBI would force the HFCs to face high scrutiny and it ..

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