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The ISI was registered under the Societies Registration Act, 1860. A new Bureau of Indian standards (BIS) Act 2016 which was notified on 22 March 2016, has been brought into force with effect from 12 October 2017. The Act establishes the Bureau of Indian Standards (BIS) as the National Standards Body of India.
Financial regulation in India is governed by a number of regulatory bodies. [1] Financial regulation is a form of regulation or supervision, which subjects financial institutions to certain requirements, restrictions and guidelines, aiming to maintain the stability and integrity of the financial system.
The BIS has delegated authority under the Export Administration Act to the PTO. The Department of Defense (DoD) and Department of State Foreign Military Sales (FMS) program: items that are sold, leased, or loaned by the DoD to a foreign country or international organization under the FMS program are subject to the Arms Export Control Act ...
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The BIS Hallmark is a hallmarking system for gold as well as silver jewellery sold in India, certifying the purity of the metal. [1] [2] It certifies that the piece of jewellery conforms to a set of standards laid by the Bureau of Indian Standards, the national standards organization of India. India is the second biggest market for gold and its ...
The original goal of the BIS was "to promote the co-operation of central banks and to provide additional facilities for international financial operations; and to act as trustee or agent in regard to international financial settlements entrusted to it under agreements with the parties concerned", as stated in its Statutes of 1930.
The act also gave school districts the opportunity to provide bilingual education programs without violating segregation laws, but at this time, participation was voluntary. Program effectiveness was evaluated at the end of every year and successful programs were eligible to receive federal funding for up to five years.