Bis

When even the BIS sounds nervous, it’s time to pay attention. Its latest report is an alarm bell for a global economy on the brink

BIS raids FirstCry warehouse for alleged sale of substandard toys, baby products worth Rs 1.43 crore

BIS officials discovered that several products were stored and sold with forged or misused ISI marks. A total of 36,924 units spanning 33 product varieties were seized during the operation

BIS warns on risks to economies, central bank policy over Trump uncertainties

BIS head Agustin Carstens said trade developments were a prominent worry now, while fiscal policy, regulation, immigration policy and the broader geopolitical backdrop all carry major question marks.

NBCC gets Rs 500 crore construction contract from BIS

NBCC said it has bagged work order to construct buildings at five BIS locations

RBI Governor Shaktikanta Das at BIS Innovation Summit 2024 |Navigating rapid innovation

The BIS Innovation Summit convenes global policymakers, senior financial and technology industry leaders, and academics to explore how the accelerated pace of technological innovation presents growing opportunities for the financial sector and central banks, while also addressing the risks these innovations may pose.

BIS developing standard on paraffinic green diesel

BIS Director General Pramod Kumar Tiwari said, these standards will significantly complement the objectives of Global Biofuel Alliance (GBA), the multilateral forum announced by PM Modi during the G20 leaders' summit held recently.

24 central banks will have digital currencies by 2030: BIS survey

The Swiss National Bank said in late June it would issue a wholesale CBDC on Switzerland’s digital exchange as part of a pilot, while the European Central Bank is on track to begin its digital euro pilot ahead of a possible launch in 2028.

BIS comes out with quality standards for biodegradable food utensils

The standard "IS 18267: 2023" covers various aspects, including raw materials, manufacturing techniques, performance, and hygiene requirements for the production of biodegradable utensils.

RBI, BIS launch fourth edition of G20 TechSprint competition

Under the fourth edition of TechSprint, invitations are open for global innovators to help develop innovative technology solutions for cross-border payments

Huge number of toys seized in pan-India raids for lack of BIS licence

BIS official handle on January 10 said in a tweet, “Nation-wide enforcement drive was conducted by Bureau of Indian Standards against outlets selling toys without valid BIS license Toys in huge numbers were seized during the raids undertaken at 25 outlets across the country.”

BIS publishes standard for online consumer reviews

This standard is applicable to any organisation that publishes consumer reviews online, including suppliers/sellers of products and services that collect reviews from their own customers, a third-party contracted by the suppliers/sellers or an independent third party.

Vast majority of retail investors in Bitcoin lost money, BIS Says

Data spanning 95 countries from 2015 to 2022 indicates the vast majority of app downloads occurred when Bitcoin’s price was above $20,000, the working paper from the Basel, Switzerland-based BIS says.

China, Hong Kong, Thailand, UAE complete pilot for cross-border CBDC platform

Twenty banks across the countries used the mBridge platform to conduct 164 payment and foreign exchange transactions worth more than $22 million

BIS comes out with handbook on safety in electrical installations, simplified version of NBC 2016

It has also simplified a technical document on National Building Code of India 2016 (NBC 2016) in which all provisions relating to planning, design, construction and operation and maintenance of buildings are covered.

Serious ramifications on imposition of mandatory standard certification norms on polymer imports: Plastic exporters

According to the Plastic Export Promotion Council (Plexconcil), the Department of Chemicals wants to impose mandatory Bureau of Indian Standards (BIS) norms on polymers.

The Bureau of Indian Standards issues performance standards for electric vehicle batteries

According to a senior official in the consumer affairs ministry on Thursday, the Bureau of Indian Criteria (BIS) has released performance standards for electric car batteries to protect customer safety.

Network18 Exclusive | Consumer affairs ministry to soon set standards for EV batteries: Sources

NITI Aayog has asked for BIS to issue standards for EV batteries, and these are also to be included in the battery swapping policy

Govt yet to notify product standards for key imports 2 years after announcement

In January 2020, an inter-ministerial committee had decided to bring in comprehensive product standards to disincentivise the import of a large category of goods but the Bureau of Indian Standards has struggled to establish norms for the same

Piyush Goyal gives five growth mantras for BIS

Congratulating the BIS on its 75th anniversary, the Minister said the BIS has been contributing to the national economy through its core activities of "Standardization and Certification."

Want key points on hallmarking on BIS website, in FAQs: Gem and Jewellery Council writes to Piyush Goyal

The GJC in its statement noted the BIS website and FAQs fail to capture many key points on hallmarking, which were discussed during a meeting on June 15

What is Hallmarking & what does it mean for consumers?

As hallmarking becomes mandatory we get you the insights on what it means for you as a consumer.

Gold hallmarking mandatory from June 1: Here's what you need to know

From June 1, jewellers can sell gold ornaments only in three variants —14, 18 and 22 carats.

Exclusive | One year on, government yet to notify product standards for key imports

Back in January, 2020, an interministerial committee had decided to bring in comprehensive product standards to disincentivise the import of a large category of goods. But the Bureau of Indian Standards has struggled to establish norms for the same.

BIS standardised helmets to become mandatory from March 1, 2021

While the move of standardising helmet manufacturing is good overall, it does raise a few questions. Back in 2018 when the norms were first suggested, it ruled that helmets over 1,200 grams would not be allowed to be manufactured, stored or sold in India.

Gold Hallmarking | Should the consumer and industry worry?

Though the implementation is slated for January 15, 2021, it is uncertain how the government is prepared for the infrastructure and logistics challenges. In addition to the serious FDI roadblocks this creates, it is unclear how this disruption will affect the jewellers or benefit the consumers.