BANKING AND FOREIGN EXCHANGE

• The Reserve Bank of India has, vide letter no. RBI/2018-19/79 issued a A.P. (DIR Series) Circular No.15 on External Commercial Borrowings (ECB) Policy – Review of Hedging Provisions dated November 26, 2018.
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• The Reserve Bank of India has issued a communication with respect to Interest Equalisation Scheme on Pre and Post Shipment Rupee Export Credit dated November 29, 2018.
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• The Reserve Bank of India has issued a communication with respect to Relaxation on the guidelines to NBFCs on securitisation transactions dated November 29, 2018.
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• The Reserve Bank of India has issued a communication with respect to Legal Entity Identifier Code for participation in non-derivative markets dated November 29, 2018.
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LABOUR LAWS

• The Haryana Government Labour Department of India has issued a notification 11/23/2018-4Lab with respect to grant of exemption for renewal under Shop Act dated November 28, 2018.
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• The Ministry of Labour and Development, India has issued a notification No. 1/2/2018-IV-II with respect to the trap/raid conducted by the Vigilance Department dated November 29, 2018.
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COMPETITION LAW

• The Federal Trade Commission has charged the remaining operators of Student Debt Relief Scheme. The operators of a Los Angeles-based student loan and mortgage debt relief operation have agreed to settle Federal Trade Commission charges that they bilked millions of dollars out of consumers by falsely claiming to be affiliated with the federal government.
  [November 20, 2018] For more information, please access –
  https://www.ftc.gov/news-events/press-releases/2018/11/remaining-operators-student-debt-relief-scheme-settle-ftc-charges
• The Competition Commission of India has invited comments from public in respect of the proposed acquisition of the electrical and automation business of Larsen & Toubro Limited by Schneider Electric India Private Limited and MacRitchie Investments Pte. Limited.
  [November 22, 2018] For more information, please access –
  https://www.cci.gov.in/sites/default/files/press_release/PR16-2018-19.pdf
• The Federal Trade Commission has given its final approval to Settlements with four companies over allegations that they falsely claimed certification under the EU-U.S. Privacy Shield framework.
  [November 19, 2018] For more information, please access –
  https://www.ftc.gov/news-events/press-releases/2018/11/ftc-gives-final-approval-settlements-four-companies-related-eu-us
• The Federal Trade Commission Announces Agenda for the Eighth Session of its Hearings on Competition and Consumer Protection in the 21st Century; Session at New York University to Focus on “Common Ownership”.
  [November 20, 2018] For more information, please access –
  https://www.ftc.gov/news-events/press-releases/2018/11/ftc-announces-agenda-eighth-session-its-hearings-competition
• The Federal Trade Commission is currently accepting public comments on an application from industrial gas suppliers Praxair, Inc. and Linde AG to divest a hydrogen gas and carbon monoxide gas plant to Celanese Ltd. The divestiture of the plant is required under the FTC’s October 22, 2018 proposed order, which requires Praxair and Linde to divest certain industrial gases assets to settle charges that the $80 billion merger of Praxair and Linde would violate federal antitrust law.
  [November 21, 2018] For more information, please access –
  https://www.ftc.gov/news-events/press-releases/2018/11/ftc-requests-public-comment-application-praxair-linde-approve
• The Federal Trade Commission Requests Public Comment on Supervalu Inc.’s Application to Approve Sale of 2 Supermarkets Operating under the Shop ’n Save Banner in Va. and WV. The FTC’s Oct. 31, 2016 modified final order with grocery chain operators Koninklijke Ahold and Delhaize Group required them to divest 18 of their stores in Maryland, Pennsylvania, Virginia, and West Virginia to Supervalu affiliate, Shop ’N Save East, LLC. The final order settled charges that the proposed $28 billion merger of Koninklijke Ahold and Delhaize Group likely would have been anticompetitive.
  [November 27, 2018] For more information, please access –
  https://www.ftc.gov/news-events/press-releases/2018/11/ftc-requests-public-comment-supervalu-incs-application-approve
• The Federal Trade Commission Court temporarily halts international operation that allegedly deceived consumers through false claims of “Free Trial” offers and imposed unauthorized continuity plans.
  [November 28, 2018] For more information, please access –
  https://www.ftc.gov/news-events/press-releases/2018/11/court-temporarily-halts-international-operation-allegedly
• The Federal Trade Commission returns money to consumers affected by office supply scam.
  [November 28, 2018] For more information, please access –
  https://www.ftc.gov/news-events/press-releases/2018/11/ftc-returns-money-consumers-affected-office-supply-scam
• The Federal Trade Commission Returns more than $750,000 to consumers who bought two deceptively marketed supplements from Health Research Laboratories, LLC.
  [November 29, 2018] For more information, please access –
  https://www.ftc.gov/news-events/press-releases/2018/11/ftc-returns-more-750000-consumers-who-bought-two-deceptively
• The Federal Trade Commission has amended its complaint against LendingClub Corporation, an online lending company that the Commission alleges deceived consumers by falsely promising them loans with no hidden fees. According to the FTC’s original complaint, filed in April 2018, Lending Club falsely promises consumers that they will receive a specific loan amount with “no hidden fees,” when, in actuality, the company deducts hundreds or even thousands of dollars in hidden up-front fees from the loans. The FTC also alleged that Lending Club tells consumers they are approved for loans when they are not, takes money from consumers’ bank accounts without authorization, and has failed to provide required privacy notices. The amended complaint adds further detail about the scope of the harm caused by Lending Club’s allegedly unauthorized bank account withdrawals and includes additional examples of the company’s alleged deception about loan approval.
  [November 29, 2018] For more information, please access –
  https://www.ftc.gov/news-events/press-releases/2018/11/ftc-amends-complaint-against-lending-club
• The Competition and Markets Authority (CMA) investigated and cleared the proposed merger of data company Nielsen and the advertising intelligence division of Ebiquity. Both companies gather, collate and analyse information on the advertising activity of companies across the UK and overseas. The decision comes following the CMA’s in-depth investigation of the deal, which received provisional clearance in October 2018.
  [November 22, 2018] For more information, please access –
  https://www.gov.uk/government/news/cma-clears-media-intelligence-merger
• The Competition and Markets Authority (CMA) has stated that the merger of credit score firms could reduce competition in sector is concerned that Experian’s takeover of start-up rival ClearScore could stifle product development and impact customers.
  [November 28, 2018] For more information, please access –
  https://www.gov.uk/government/news/merger-of-credit-score-firms-could-reduce-competition-in-sector

ENERGY

• India becomes largest renewable energy auctions market in the world.
  [November 27, 2018] For more information, please access –
  https://energy.economictimes.indiatimes.com/news/renewable/india-becomes-largest-renewable-energy-auctions-market-in-the-world/66822794
• Hybrid green energy tender undersubscribed by 150 MW.
  [November 21, 2018] For more information, please access –
  https://energy.economictimes.indiatimes.com/news/renewable/hybrid-green-energy-tender-undersubscribed-by-150-mw/66724324

MINING

• Indian court panel says state government overreached by closing Vedanta smelter.
  [November 28, 2018] For more information, please access –Read More
• Global iron ore market well supplied, growth in production ahead — reports.
  [November 23, 2018] For more information, please access –Read More

NEWS

• SEBI refuses stay on forensic audit of Tree House Education.
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• Google News may shut down in EU over 'link tax'
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  SEBI cautions public against unregistered investment advisors.
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• Google, WhatsApp told to clear air on data storage
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• European consumer groups want regulators to act against Google tracking
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