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June 2023

RBI Proposes Measures To Bolster Grievance Redressal At Credit Bureaus

RBI noted the rise in complaints regarding credit bureaus while proposing measures to bolster consumer protection. The Reserve Bank of India has proposed a slate of measures to bolster consumer protection following the recent inclusion of credit information companies, or credit bureaus, under the central bank’s regulatory umbrella. With the increase in customer complaints regarding […]

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Indian pharma looks for reliability, compliance and high-end visibility across supply chain: Expert

Indian pharma is looking for reliability, compliance and high-end visibility across the supply chain, said Vishal Barnabas, vice president, consumer & manufacturing business, Mahindra Logistics. There has been a significant increase in the complexity of pharma supply logistics in the recent years. The Covid pandemic further augmented that complexity in managing pharmaceuticals going by the

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NPPA forms guidelines to restrict marketers changing manufacturers after retail price of formulations approved​

The drug price regulator has formulated guidelines to handle applications from the marketers seeking change in manufacturer for the formulations for which retail price has already been notified and product launched in the market, in future. The step has been taken to reduce the increasing instances of companies changing the manufacturers with or without informing

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Insurers directed by IRDAI to establish ABHA IDs for policy seekers

Insurers directed by IRDAI to establish ABHA IDs: The insurance regulator of India has recently released a directive to all insurers operating in the country to establish unique 14-digit ABHA IDs The insurance regulator of India has recently released a directive to all insurers operating in the country to establish unique 14-digit identifiers, known as Ayushman

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Gujarat FDCA cancels licenses of 2 pharma companies based on risk-based inspections of 5 companies

The Gujarat Food and Drug Control Administration (FDCA) has cancelled manufacturing licenses of 2 pharma companies based on risk-based inspections of 5 companies due to non-compliance to GMP norms and quality. The state drug regulator also canceled the license of one of the sections of a company that produced products which were unstable and multiple

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Consumer Protection Act meant to encourage consumerism, says SC

The Supreme Court on Monday said the Consumer Protection Act, 2019, is meant to encourage consumerism in the country and any technical approach in construing its provisions against consumers would defeat the objective behind its enactment. A bench of justices J K Maheshwari and M M Sundresh said a “pedantic and hyper-technical approach” would cause

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‘Appoint Indians as CEOs, COOs’, Centre tells Chinese handset manufacturers

The government wants Indian executives to be appointed as chief executive officers, chief operating officers, chief financial officers, and chief technical officers in Chinese brands’ Indian operations, according to media reports. The Union government has asked Chinese mobile phone manufacturers to induct Indian equity partners in their local operations, according to three executives who attended

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