Introduction The Securities and Exchange Board of India (SEBI) (Credit Rating Agencies) (Amendment) Regulations, 2023, focus on regulating Environmental, Social, and Governance (ESG) rating providers. These regulations aim to enhance transparency and reliability within the ESG rating industry, representing a significant advancement for the sector. Application for Grant of Certificate 1. Application Requirement: Individuals wishing…
Introduction The Securities and Exchange Board of India (SEBI) (Credit Rating Agencies) (Amendment) Regulations, 2023, target Environmental, Social, and Governance (ESG) rating providers to ensure transparency and reliability. These regulations represent a significant advancement for the ESG rating industry. In a related development, the Central Pollution Control Board (CPCB) issued a show cause notice under…
Introduction The Central Pollution Control Board (CPCB) has issued new guidelines concerning the design, construction, operation, maintenance, and annual certification of coal ash ponds. These guidelines address the management of Coal Combustion Residues (CCRs) generated by Thermal Power Plants (TPPs), which include fly ash, bottom ash, boiler slag, and fluidized bed combustion ash. Coal Ash…
Central Pollution Control Board has released a notification regarding the release of imported consignments of procedure of 106 EEEs items. In past notification authority has requested for releases of imported consignments of Producers as defined in the E-Waste (Management) Rules, 2022 after taking an undertaking and also on the submission of acknowledgment from the CPCB’s…
Introduction The Ministry of Environment, Forest & Climate Change has issued a new notification concerning the Coastal Regulation Zone (CRZ) under the Environment Protection Act, 1986. This update revises the Coastal Regulation Zone Notification, 2011, which previously established restrictions on setting up or expanding industries and activities in designated coastal areas. Notification Details The Coastal…
Introduction The Ministry of Power has released the Carbon Credit Trading Scheme, 2023, to regulate the trading of carbon credit certificates. This scheme introduces several key components to ensure a structured and transparent carbon market in India. Key Components 1. National Steering Committee The National Steering Committee is responsible for:– Recommending the formulation and finalization…
Introduction The Ministry of Environment, Forest & Climate Change has introduced the Green Credit Programme Implementation Rules, 2023, based on India’s mission LiFE (Lifestyle for Environment). This rule aims to incentivize environmentally positive actions through a market-based mechanism. Objectives of the Green Credit Programme The Green Credit Programme has two main objectives: 1. Incentives for…
Introduction The Ministry of Environment, Forest & Climate Change has issued a notification regarding genset regulations. This notification, which applies to all fuels, revises the power category slabs from three to five. According to the general conditions of the notification, genset engines and gensets adhering to the old standards can only be supplied until June…
Petroleum and Explosives Safety Organization (PESO) has released a notification regarding the withdrawal of Indian representatives/distributors for importing of gas cylinders/ valves/ regulators from foreign manufacturers. According to Rule 3 of the Gas Cylinder Rules 2016, PESO accepts design drawings for gas cylinders produced by international gas cylinder producers. When applying for clearance, international producers…
The Ministry of Environment, Forest & Climate Change has released the Environment (Protection) Fourth Amendment Rules, 2023. These new rules introduce an important addition to Schedule I of the Environment (Protection) Rules, 1986, specifically targeting the condition governing the supply of Generators (Genset) and Genset engines. In the revised schedule, under serial number 88, item…