Topic
parliamentary panel
E-Commerce & Marketplaces Parliamentary panel recommends expeditious MDR rollout on high-value UPI transactions
According to Business-Today, a Parliamentary panel has recommended the expeditious introduction of a calibrated Merchant Discount Rate (MDR) on high-value UPI transactions. The report follows Parliament clearing amendments to the Payment and Settlement Systems Act, 2007, that enable banks and payment providers to levy charges on notified digital payment modes. The committee noted the Rs 2,000 crore zero-MDR compensation covers only about 10 per cent of the industry's estimated Rs 20,700 crore operating costs.
Business Lower Minimum Age for MD, Whole-Time Directors to 18: Parliamentary Panel
A joint parliamentary panel has recommended lowering the minimum age for managing directors and whole-time directors from 21 to 18, and raising the maximum from 70 to 75 without a special resolution. The report also proposes special NCLT benches, CSR threshold retention, and a new framework for re-domiciling foreign companies to IFSC.
Technology Parliamentary Panel Summons Meta, X, Snapchat, and Google Over Online Safety Framework
India's Parliamentary Standing Committee on Communications and Information Technology has summoned Meta, X, Snapchat, and Google to appear on August 3, 2026 to evaluate online safety and data privacy protections. The meeting follows the temporary removal of PM Modi's Facebook video and comes amid new anti-paper-leak legislation proposing tough penalties.
Regulations & Compliance Parliamentary Panel Directs FSSAI to Notify Front-of-Pack Labelling Rules Within Time Frame
A parliamentary committee has directed the Food Safety Standards Authority of India (FSSAI) to finalise and notify the Front-of-Pack Nutrition Labelling (FOPNL) regulations on a time-bound basis. The panel also recommended mandatory front-of-pack declarations for added sugar in all foods marketed to infants and children, with colour-coded indicators or warning labels for high-sugar products.
Finance RBI Tells Parliamentary Panel Cryptocurrency Difficult to Regulate, Opposes Legalisation
The Reserve Bank of India informed a Parliamentary panel that cryptocurrency is difficult to regulate and poses risks including financing of drug trade and terrorism. The central bank firmly opposes legalisation, while the Institute of Chartered Accountants of India advocates for a comprehensive regulatory framework to harness strategic opportunities.