News and Updates Issue 01 Duration January 01-15, 2021

"Possession is nine tenths of the law."

PROVERB

BANKING AND FOREIGN EXCHANGE

  • The Reserve Bank of India (RBI) has issued a press release RBI/2020-21/81 dated January 05, 2021 in relation to operationalization of Payments Infrastructure Development Fund (PIDF) Scheme ReadMore
  • The Reserve Bank of India (RBI) has issued a press release RBI/2020-21/82 dated January 05, 2021 in relation to introduction of legal entity identifier for Large Value Transactions in centralized payment systems ReadMore
  • The Reserve Bank of India (RBI) has issued a press release RBI/2020-21/83 dated January 07, 2021 in relation to Risk Based Internal Audit (RBIA) Framework – strengthening Governance arrangements ReadMore

LABOUR LAW

  • Government publishes the Draft Model Standing Orders for the Manufacturing Sector, Mining Sector and Service Sector; invites suggestions/objections from the stakeholders within a period of thirty days [January 02, 2021] ReadMore

COMPETITION LAW

  • Competition Commission of India (CCI) approves acquisition of 100% shareholding of the Columbia Asia Hospitals Private Limited by Manipal Health Enterprises Private Limited [January 08, 2021] ReadMore
  • Competition Commission of India (CCI) approves acquisition by Total SE (‘Total/Acquirer’) through its subsidiary Total Renewables SAS in share capital of Adani Green Energy Limited (“AGEL”) under Section 31(1) of the Competition Act, 2002, today [January 11, 2021] ReadMore
  • Competition Commission of India (CCI) approves the Proposed Combination relating to the acquisition of 100% equity interest and joint control in Virtusa Corporation by Austin HoldCo., GIC Investor and CPPIB Investor [January 11, 2021] ReadMore
  • Competition Commission of India (CCI) approves acquisition of stake in Ecom by PG Esmeralda [January 11, 2021] ReadMore
  • Federal Trade Commission (FTC) requires Mobile Advertising Company to stop misleading users about In-Game rewards [January 07, 2021] ReadMore
  • California Company settles Federal Trade Commission (FTC) allegations that it deceived consumers about use of Facial Recognition in Photo Storage App [January 11, 2021] ReadMore
  • Federal Trade Commission (FTC) publishes Inflation-Adjusted Civil Penalty Amounts for 2021 [January 11, 2021] ReadMore
  • Developer of Popular Women’s Fertility-Tracking App settles Federal Trade Commission (FTC) allegations that It Misled Consumers about the Disclosure of their Health Data [January 13, 2021]ReadMore
  • Federal Trade Commission (FTC) to study the impact of Physician Group and Healthcare Facility Mergers [January 14, 2021] ReadMore

ENERGY

  • State Bank of India (SBI), Indian Oil Corporation launch co-branded RuPay debit card [January 08, 2021] ReadMore
  • Task force for mines development, new mines and mineral policy soon: Raj CM [January 10, 2021] ReadMore

NEWS

  • Reserve Bank of India (RBI) launches surveys to get inputs for monetary policy [January 01, 2021] ReadMore
  • Reserve Bank of India (RBI) launches Digital Payments Index [January 02, 2021] ReadMore
  • Competition Commission of India (CCI) seeks details on Amazon India antitrust case [January 02, 2021] ReadMore
  • Supreme Court (SC) suspends implementation of three farm laws, forms committee [January 13, 2021] ReadMore
  • Plea in High Court (HC) claims Government vehicles being scrapped in violation of guidelines [January 13, 2021] ReadMore
  • Central Board of Indirect Taxes and Customs (CBIC) bars officers from attending non-Government webinars, conferences [January 14, 2021] ReadMore
  • Government examining WhatsApp's user policy changes amid privacy debate [January 14, 2021] ReadMore
  • Government notifies modified scheme on ethanol production [January 14, 2021] ReadMore
  • Google removes 30 loan apps from Play store after RBI red flag [January 15, 2021] ReadMore

Disclaimer “This information has been gathered from various sources. Nothing herein is or may be construed as legal advice”.