New FTC guidelines to change customer testimonials, require ads to include typical resultsOctober 5th, 2009 New FTC guidelines to change customer testimonialsWASHINGTON — New guidelines from the Federal Trade Commission will require advertisers using customer testimonials to clearly disclose results consumers can typically expect. The FTC's associate director for advertising practices, Mary Engle, says guidelines published Monday mean advertisers can't hide behind disclaimers when they show atypical results.
'India following global aviation safety norms'September 23rd, 2009 NEW DELHI - According to an audit done by the Federal Aviation Administration (FAA) of the US, India has been found to be fully compliant with international safety standards, the government said Wednesday. "They (FAA) have taken a view to keep us in Category 1.
Man tapped to replace disgraced Antigua regulator steps aside to avoid conflict of interestJuly 3rd, 2009 Antigua's new top financial regulator steps asideST JOHN'S, Antigua — The man appointed to replace Antigua's disgraced financial regulator is stepping aside to avoid a possible conflict of interest. Everett Christian was tapped for the job last week, after officials fired his predecessor Leroy King for alleged ties to a $7 billion Ponzi scheme by Texas businessman R.
Telecom regulator issues regulations for number portabilityJune 30th, 2009 NEW DELHI - India's telecom regulator Tuesday issued draft regulations for mobile number portability (MNP), highlighting the rights, obligations and duties of service providers. MNP allows users to switch operators without changing numbers.
Geithner: Federal Reserve is best suited to be super financial regulatorJune 18th, 2009 Geithner: Fed best suited for super regulator roleWASHINGTON — Treasury Secretary Timothy Geithner says the Federal Reserve is best suited to become a super-regulator that would oversee financial firms so big and influential that their failure could topple the economy. Some lawmakers want to give the job to a council of regulators.
Life insurers hope for reforms by the new governmentMay 17th, 2009 CHENNAI - A much stronger Congress-led coalition to form the next government bodes well for the life insurance sector clamouring for reforms, says the industry's representative organisation. 'Two important amendment bills relating to the insurance sector reforms are pending in Parliament.
Insurers bank on marketing to beat new pension schemeMay 1st, 2009 CHENNAI - Life insurers are depending on their strong distribution network to stave off the competition challenge posed by the cheaper National Pension Scheme (NPS) that was launched Friday. Even though the fund managers for NPS will charge only 1 paise per Rs.100 (0.0009 percent) as service charge, comparing to 2.5 percent on the fund value charged by life insurers, the latter do not expect drastic reduction in sales, industry officials said.
Regulator's report on valuation of insurance firms next monthApril 9th, 2009 KOLKATA - The country's insurance regulator will introduce fresh guidelines for valuation of insurance companies, a top official said here Thursday. 'A committee of actuaries headed by me is currently working on a new norm for the valuation of companies.
Insurance regulator plans steps to check malpracticesMarch 11th, 2009 CHENNAI - India's insurance regulator now appears to be following the corporate sector's credo - tough times are the right time to take difficult decisions. The Insurance Regulatory and Development Authority (IRDA) is drawing up plans to strictly monitor insurers' expenses and premium charged for group and guaranteed return policies.
Real estate regulatory act soonJanuary 22nd, 2009 NEW DELHI - The government will soon come up with a model regulatory act for the real estate sector, Minister of State for Poverty Alleviation and Affordable Housing Kumari Selja said here Friday. 'We will soon come up with a model regulatory act for states to follow.
US aviation regulator refuses to postpone India visitJanuary 21st, 2009 NEW DELHI - India's fear of getting downgraded by the US aviation regulator, Federal Aviation Administration (FAA), looms large as the latter has refused to postpone its India tour beginning Feb 22, according to a government official. 'They (FAA team) will reach India according to the schedule worked out earlier.
Extra telecom services don't need separate licences: RegulatorJanuary 13th, 2009 NEW DELHI - Providers of value-added telecom services (VAS) do not require separate licences, the Telecom Regulatory Authority of India (TRAI) said Wednesday, a point of view that has come as a big relief to many firms. 'The authority does not envisage any separate category of licence for value-added services,' TRAI said in a recommendation paper.
New regulator for airports in place by March 31January 1st, 2009 NEW DELHI - A new aviation regulator - the Airports Economic Regulatory Authority (AERA) - will come into effect by March 31 this year, according to a ministry official. 'AERA has been notified in the gazette.
Regulator eases solvency norms for life insurersJanuary 1st, 2009 CHENNAI - India's insurance watchdog Friday offered life insurers, and more particularly the private life insurers, a mega New Year gift by easing solvency norms for the third time in recent days. Solvency margin is the excess of assets that a life insurer has to maintain over its liabilities.
Adhere to guidelines on pilots for Delhi's fog, airlines toldDecember 22nd, 2008 NEW DELHI - India's aviation regulator Directorate General of Civil Aviation (DGCA) Tuesday asked airlines to adhere to its guidelines while flying in low visibility conditions at Delhi's Indira Gandhi International (IGI) Airport. The DGCA had earlier asked the airlines to keep it informed routinely about the deployment of CAT II and CAT III pilots - trained to fly in low visibility conditions.
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