regulatory framework

Markets regulator Sebi has immediately discontinued the Investor Risk Reduction Access (IRRA) platform for stock brokers. Introduced last October, the system is now redundant due to enhanced cyber security, disaster recovery, and business continuity measures. Brokers have adopted advanced technologies, and exchanges offer a backup trading facility, making IRRA unnecessary.

Roblox has appointed Sunil Rao as its India Managing Director to spearhead local partnerships and creator growth. With a background in building developer ecosystems at tech giants and venture capital, Rao is tasked with leveraging India's young population and digital infrastructure. His immediate focus includes child safety and regulatory compliance, signaling a significant investment in the Indian market.

Rajasthan's top energy official cautioned against lengthy power purchase agreements for battery storage, warning that rigid, long-term contracts could undermine the technology's inherent flexibility and burden consumers. He emphasized that battery systems offer multiple revenue streams beyond just selling electricity, and fixed tariffs for decades might hinder operators from capitalizing on market opportunities and technological advancements.

Delhi government has formed a five-member committee to review self-financing colleges affiliated with Guru Gobind Singh Indraprastha University. This move follows numerous complaints regarding admission delays and alleged irregularities, aiming to enhance transparency and streamline the system in line with NEP 2020.

Noida International Airport (DXN) has commenced ticket sales, with IndiGo launching 16 routes starting June 15. The first flight will arrive from Lucknow at 8:05 am, with Bengaluru being the first departure. Other carriers like Akasa Air and Air India Express are expected to begin operations soon, with international flights slated for September.

A recent fire tragedy in Bhubaneswar, claiming three lives, highlights the danger of buildings occupied without mandatory occupancy certificates (OC). Despite plans for surveys and power disconnections, enforcement remains slow. Experts stress that compliance and safety upgrades are crucial, as many older projects also lack valid fire safety clearance, putting residents at grave risk.

The "FSSAI Approved" label on Indian packaged foods signifies regulatory compliance, not a guarantee of health or safety. It indicates the business operates within the food safety framework, displaying a mandatory logo and license number for traceability. This mark is for legal responsibility, not a promotional endorsement of quality or superiority.