BANKING AND FOREIGN EXCHANGE- The Reserve Bank of India has issued a notification – RBI/2018-19/86, under Section 24 and Section 56 of the Banking Regulation Act, 1949 with respect to Maintenance of Statutory Liquidity Ratio (SLR) dated December 05, 2018.
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Read More - The Reserve Bank of India has issued a notification – RBI/2018-19/87 with respect to Guidelines on Loan System for Delivery of Bank Credit dated December 05, 2018.
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Read More - The Reserve Bank of India has issued a notification – RBI/2018-19/88, with respect to Special Deposit Scheme (SDS)-1975 Payment of interest for calendar year 2018 dated December 06, 2018.
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Read More - The Reserve Bank of India has, vide letter no. RBI/2018-19/89 issued a Deendayal Antyodaya Yojana – National Urban Livelihoods Mission (DAY-NULM) dated December 06, 2018.
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Read More - The Reserve Bank of India has issued Draft Directions on Non-Resident Participation in Rupee Interest Rate Derivatives Markets dated December 05, 2018.
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Read More - National Medical Devices Promotion Council to be set up under DIPP dated December 14, 2018
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| COMPETITION LAW | - The Federal Trade Commission has Defendants in Sellers Playbook Get-Rich Scheme Settle with FTC and Minnesota.
[December 03, 2018] For more information, please access –
https://www.ftc.gov/news-events/press-releases/2018/12/defendants-sellers-playbook-get-rich-scheme-settle-ftc-minnesota - The Federal Trade Commission Seeks Comment on Identity Theft Detection Rules.[December 04, 2018] For more information, please access –
https://www.ftc.gov/news-events/press-releases/2018/12/ftc-seeks-comment-identity-theft-detection-rules - The Federal Trade Commission finds seniors sending thousands in cash to scammers claiming to be their grandchildren.
[December 03, 2018] For more information, please access –
https://www.ftc.gov/news-events/press-releases/2018/12/latest-consumer-protection-data-spotlight-finds-seniors-sending - The “Nobetes” Dietary Supplement Marketers settle Federal Trade Commission complaint alleging unsubstantiated health claims, illegal billing practices, and deceptive endorsements.
[December 04, 2018] For more information, please access –
https://www.ftc.gov/news-events/press-releases/2018/12/nobetes-dietary-supplement-marketers-settle-ftc-complaint - The Federal Trade Commission approves modified final order imposing conditions on Northrop Grumman’s Acquisition of Solid Rocket Motor Supplier Orbital ATK, Inc.[December 04, 2018] For more information, please access –
https://www.ftc.gov/news-events/press-releases/2018/12/ftc-approves-modified-final-order-imposing-conditions-northrop - The Federal Trade Commission returns more than $3.5 Million to consumers subjected to deceptive and unfair sales and financing tactics by Los Angeles-Area’s Sage Auto Group.[December 27, 2018] For more information, please access –
https://www.ftc.gov/news-events/press-releases/2018/12/ftc-returns-more-35-million-consumers-subjected-deceptive-unfair - The Federal Trade Commission settlements will ban Student Loan Debt Relief Operators from engaging in Debt Relief Services.
[December 07, 2018] For more information, please access –
https://www.ftc.gov/news-events/press-releases/2018/12/ftc-settlements-will-ban-student-loan-debt-relief-operators - One of the defendants involved in MOBE, a massive internet marketing and business coaching scheme alleged to have bilked hundreds of millions of dollars from consumers worldwide, has agreed to settle with the Federal Trade Commission.
[December 10, 2018] For more information, please access –
https://www.ftc.gov/news-events/press-releases/2018/12/defendant-fraudulent-business-coaching-scheme-settles-ftc - The Federal Trade Commission issue notices to two defendants to settle allegations in ‘Money Now Funding’ Credit Card Charge Laundering Scheme.
[December 11, 2018] For more information, please access –
https://www.ftc.gov/news-events/press-releases/2018/12/two-defendants-settle-allegations-money-now-funding-credit-card - The European Commission opens in-depth investigation into proposed acquisition by Vodafone of Liberty Global's business in Czechia, Germany, Hungary and Romania.[December 11, 2018] For more information, please access –
http://europa.eu/rapid/press-release_IP-18-6772_en.htm
| ENERGY | - India's falling oil and gas production is a concern.
[December 11, 2018] For more information, please access –
https://energy.economictimes.indiatimes.com/news/oil-and-gas/indias-falling-oil-and-gas-production-is-a-concern-minister-pradhan/67041462 - India’s energy sector to attract $300 bn investment in coming decade.
[December 11, 2018] For more information, please access –
https://energy.economictimes.indiatimes.com/news/oil-and-gas/indias-energy-sector-to-attract-300-bn-investment-in-coming-decade-pradhan/67041287 - India's Petronet looking for long-term deal to buy US LNG.
[December 10, 2018] For more information, please access –
https://energy.economictimes.indiatimes.com/news/oil-and-gas/indias-petronet-looking-for-long-term-deal-to-buy-us-lng/67022632 - CCI dismisses complaint against Coal India, its subsidiary.
[December 04, 2018] For more information, please access –
https://energy.economictimes.indiatimes.com/news/coal/cci-dismisses-complaint-against-coal-india-its-subsidiary/66930436 - The Government has declared the trajectory of bidding 60 GW capacity of solar energy and 20 GW capacity of wind energy by March 2020, leaving two years’ time for execution of projects.
[December 10, 2018] For more information, please access –http://pib.nic.in/newsite/pmreleases.aspx?mincode=28
| MINING | | NEWS | - SEBI overhauls settlement rules, introduces confidentiality clause
[December 03, 2018] For more information, Read more at:
https://economictimes.indiatimes.com/markets/stocks/news/sebi-overhauls-settlement-rules-introduces-confidentiality-clause/articleshow/66922619.cms - RBI lays down norms on loan system for large borrowers.
[December 05, 2018] For more information, Read more at:
https://economictimes.indiatimes.com/industry/banking/finance/banking/rbi-lays-down-norms-on-loan-system-for-large-borrowers/articleshow/66958698.cms - RBI proposes new method to benchmark floating rate of loans for MSMEs.
[December 05, 2018] For more information, Read more at:
https://economictimes.indiatimes.com/small-biz/sme-sector/rbi-proposes-new-method-to-benchmark-floating-rate-of-loans-for-msmes/articleshow/66952174.cms - Supreme Court issues notices to 5 states on amendments in 2013 Land Acquisition Act.[December 10, 2018] For more information, Read more at:
https://economictimes.indiatimes.com/news/politics-and-nation/sc-issues-notices-to-5-states-on-amendments-in-2013-land-acquisition-act/articleshow/67026380.cms - RBI may introduce new modes of customer verification.
[December 10, 2018] For more information, Read more at:
https://economictimes.indiatimes.com/wealth/personal-finance-news/rbi-mulls-live-video-authentication-for-customer-verification/articleshow/67020065.cms - Government working towards establishing labour code.
[December 13, 2018] For more information, Read more at:
https://economictimes.indiatimes.com/news/economy/policy/government-working-towards-establishing-labour-code/articleshow/67075376.cms - NGT reserves order on Vedanta’s plea challenging closure of Sterlite Plant.
[December 10, 2018] For more information, Read more at:
https://www.business-standard.com/article/pti-stories/ngt-reserves-order-on-vedanta-s-plea-challenging-closure-of-sterlite-plant-118121000911_1.html - Govt files affidavit in Supreme Court for 'correction' in Rafale order.
[December 10, 2018] For more information, Read more at:
https://economictimes.indiatimes.com/news/defence/govt-files-affidavit-in-supreme-court-for-correction-in-rafale-order/articleshow/67105619.cms
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