Citizens' Issues
Minimum thickness of plastic carry bags increased: Javadekar
New Delhi : The Centre on Friday notified the Plastic Waste Management Rules, 2016, in suppression of previous Plastic Waste (Management and Handling) Rules, 2011, by increasing minimum thickness of plastic carry bags from 40 to 50 microns.
 
"The minimum thickness of plastic carry bags has been increased from 40 microns to 50 microns," said Minister of state for Environment, Forest and Climate Change Prakash Javadekar.
 
"The rules, which were admissible up to municipal areas, have now been extended to all villages. Notifying the new Plastic Waste Management Rules is a part of the revamping of all Waste Management Rules," said the minister.
 
This would help in achieving Prime Minister Narendra Modi's vision of Swachh Bharat, he said adding that "cleanliness is the essence of health and tourism". 
 
He said 15,000 tonnes of plastic waste is generated every day, of which 9,000 tonnes is collected and processed, but 6,000 tonnes of plastic waste is not being collected.
 
The Plastic Waste Management Rules, 2016 aim to increase minimum thickness of plastic carry bags from 40 to 50 microns and stipulate minimum thickness of 50 micron for plastic sheets also to facilitate collection and recycle of plastic waste; Expand the jurisdiction of applicability from the municipal area to rural areas, because plastic has reached rural areas also. 
 
They also aim to bring in the responsibilities of producers and generators, both in plastic waste management system and to introduce collect back system of plastic waste by the producers/brand owners, as per extended producers responsibility.
 
Among other objectives, the rules also aim to introduce collection of plastic waste management fee through pre-registration of the producers, importers of plastic carry bags/multilayered packaging and vendors selling the same for establishing the waste management system.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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SEBI bars Indian Stock Tips and Indira Trading Co from providing investment advice
Indian Stock Tips and Indira Trading Company were providing investment advisory services and research analyst services without permission from SEBI
 
Market regulator Securities and Exchange Board of India (SEBI) passed an interim order-cum-show cause notice on Indian Stock Tips and its partners, Girish Srichand Valecha and Nagma Husain Ahmed Ansari, and, Indira Trading Company and its partners, Pankaj Seth, Vishal Anaji Girkar, Mohd. Zaid Siddique, Joheph Chand Malikshaikh, Girish Srichand Valecha, Niwas A Kamble and Jagdish Lalmani Gupta. The SEBI order directed them to cease and desist from acting as an investment advisor or research analyst and to cease to solicit or undertake such activity or any other unregistered activities in the securities market.
 
The above entities have been directed to immediately withdraw and remove all advertisements, representations, literatures, brochures, materials, publications, documents, websites, etc. in relation to their investment advisory and research analyst activity, according to the SEBI Order.
 
Indian Stock Tips and its partners and Indira Trading Company and its partners were providing investment advisory services and research analyst services without obtaining registration from SEBI which is in violation of the provisions of SEBI (Investment Advisers) Regulations, 2013 and SEBI (Research Analysts) Regulations, 2014, according to the SEBI Order.

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SEBI restrains Amit Ahire from providing investment advisory services
Amit Baburao Ahire allowed SEBI debarred entity HBJ Capital Services to use his registration, for carrying out investment advisory services in return of money
 
Market regulator SEBI (Securities and Exchange Board of India) passed an interim order against   Amit Baburao Ahire, Proprietor- OSAR Capital, restraining (under sections 11(1), 11B and 11D of SEBI Act, 1992) him from providing investment advisory services, till further directions.
 
Ahire is directed to immediately withdraw and remove all advertisements, representations, literatures, brochures, materials, publications, documents, websites, etc. in relation to investment advisory activities, according to the SEBI Order.
 
Ahire has blatantly violated the conditions subject to which he has been granted registration by allowing a SEBI debarred entity viz. HBJ Capital Services Private Limited  to use his SEBI registration, for carrying out investment advisory services in return of money, according to the SEBI Order.

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Kushal Jain

1 year ago

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