Scheduled Commercial Banks can also become sponsors of PFs (See 'Corp Brief') MNRE assures full support to IREDA in its growth journey (See 'Corp Brief') IBC - Non- stamping or insufficient stamping of one of documents relied upon by creditor does not impede initiation of insolvency resolution process, which differs from enforcement action: NCLT (See 'Legal Desk') MoD records significant progress in implementing wide-ranging reforms (See 'Corp Brief') Lower CNG, PNG Prices to ease household and transport fuel costs: Govt (See 'Corp Brief') IBC - Penalty can be levied if lapses demonstrated non-compliance with statutory and regulatory obligations incumbent on IP, undermining interests of stakeholders and integrity of insolvency process: IBBI (See 'Legal Desk') DFS successfully concludes nationwide campaign - Your Money, Your Right (See 'Corp Brief') Chouhan on a three-day visit to Maharashtra (See 'Corp Brief') DoP & SIDBI sign MoU for Contact Point Verification of Informal Micro Enterprises (See 'Corp Brief') Competition Law - Practice of tying the sale of urea with other fertilizer products amounts to agreement that causes or is likely to cause an appreciable adverse effect on competition in India, thereby contravening Sec 3 of Competition Act: CCI (See 'Legal Desk') NICDC Logistics Data Services completes 10 Years of Operations in Logistics Data and Digital Systems (See 'Corp Brief') PM to inaugurate exposition of sacred Piprahwa Relics on 3rd Jan, 2026 (See 'Corp Brief') WAVES Bazaar, One Stop Portal for Showcasing India's Creative Talents (See 'Corp Brief') Competition Law - Control over DCE compatibility & restrictive contractual conditions could effectively make exhibitors/producers captive customers of specific post-production processors, harming competition: CCI (See 'Legal Desk') We will be able to run Vande Bharat train through Mangaluru route: Vaishnaw (See 'Corp Brief') President of India to confer AI Certificates (See 'Corp Brief') Negotiable Instruments Act, 1881 - Summoning order quashed where complaint lacks specific averments regarding petitioner's direct involvement in issuance of dishonored cheques: HC (See 'Legal Desk') DFS Secy highlights key initiatives for deepening digitisation of tribunals (See 'Corp Brief') Framework for professionalized Sports Governance being constructed (See 'Corp Brief') Negotiable Instruments Act, 1881 - merely being Director in company is per se not enough to establish vicarious liability under Section 141 of the Act, without clear allegations of role in company's affairs: HC (See 'Legal Desk') NHAI signs MoU with National Test House to Strengthen Quality Assurance in Highway Projects (See 'Corp Brief') PMLA - Fact that property is retransferred to the beneficial owner after completion of purpose for which it was given to benamidar, provisions of PBPT Act are attracted and it does not exonerate any party to benami transaction: SAFEMA (See 'Legal Desk') DoT extends Pro-Tem Security Certification Scheme for two years from 01-01-2026 (See 'Corp Brief') PMLA - Even if predicate offences were not directly linked to appellants, ingredients of money laundering under PMLA could still apply as per settled legal precedent: SAFEMA Tribunal (See 'Legal Desk') PMLA - Attachments of even bank balances can be sustained if enforcement agency satisfies statutory scheme and evidentiary requirements: SAFEMA Tribunal (See 'Legal Desk') Joshi releases Indian Standard for Electric Agricultural Tractor (See 'Corp Brief') IPR - Generic or commonly descriptive word can never become trade marks on their own as they never acquire distinctiveness or a secondary meaning: HC (See 'Legal Desk') NTH signs MoU with DRDO's DMSRDE for research, testing and training collaboration (See 'Corp Brief') IPR - Kohinoor's trademark registrations in Delhi and marketing agreement executed between parties in Delhi were sufficient to vest territorial jurisdiction in Court: HC (See 'Legal Desk')

Plastic pollution: India favours avoiding overlap of proposed Instrument

Published: Nov 29, 2024

By TIOLCorplaws News Service

EW DELHI, NOV 29, 2024: THE Indian delegation, participating in the 5th session of the Intergovernmental Negotiating Committee (INC-5), called upon member States to develop clear scope and principle for the new International legally-binding instrument on plastic pollution. This would allow the new treaty to be effective and workable at the international level. The INC-5 is being held from 25th November to 1st December, 2024, at Busan (Republic of Korea).

The Indian delegation highlighted the importance of having clear scope of the new instrument, and stated that the new instrument must draw the mandate on scope from the resolution adopted by 5th session of United Nations Environment Assembly (UNEA) in 2022, in order to address plastic pollution.

Further, India highlighted that there should not be any overlap with mandates of other multilateral environmental agreements such as Basel, Rotterdam and Stockholm Conventions and international bodies like World Trade Organization. Such an approach would allow to focus negotiations on the areas, not covered under already existing any international instrument or body, specifically with reference to addressing plastic pollution.

The Indian delegation also emphasized the need for the new international legally-binding instrument to be understood, acted upon, implemented, reported and evaluated, following the principles of the Rio Declaration on Environment and Development. Special emphasis was laid on the principles common but differentiated responsibilities, national circumstances, priorities and capabilities of developing countries, right to development and in consistency with international agreements or instruments. 

While recognizing the non-paper prepared by the Chair of INC as valuable document to facilitate negotiations at INC, the Indian delegation mentioned during the plenary session that these important articles were missing in the third iteration of the non-paper, while they were present in compilation text adopted by fourth session of INC held in Ottawa. The Indian delegation called upon the INC Chair to include discussions on these important articles during the fifth session of INC in Busan.

TIOL CORP SEARCH

TIOL GROUP WEBSITES