News and Updates Issue 03 Duration February 01-15, 2021

All good things arrive unto them that wait - and don't die in the meantime.

MARK TWAIN

BANKING AND FOREIGN EXCHANGE

  • The Reserve Bank of India (RBI) has issued a press release RBI/2020-21/89 dated February 05, 2021 in relation to Loans and advances to directors, their relatives, and firms / concerns in which they are interested ReadMore
  • The Reserve Bank of India (RBI) has issued a press release RBI/2020-2021/97 dated February 12, 2021 in relation to Investment in NBFCs from FATF non-compliant jurisdictions ReadMore
  • The Reserve Bank of India (RBI) has issued a press release RBI/2020-21/98 P. (DIR Series) Circular No. 10 dated February 15, 2021 in relation to margin for derivative contracts ReadMore

LABOUR LAW

  • The Code on Social Security, 2020 (36 of 2020) has been notified in the Gazette of India on 29.09.2020. Subsequently, the draft rules were also notified on 13.11.2020 inviting objections and suggestions from various stakeholders in terms of requirement of pre-publication under the various provisions of the Code on Social Security, 2020 [February 10, 2021] ReadMore
  • NITI Aayog has constituted a sub-group to prepare a National Action Plan for Migrant Workers. The sub-group comprises the members from various Ministries of Government of India, subject experts, NGOs and civil society organisations, to prepare a tangible action plan to address issues related to migrant workers [February 10, 2021] ReadMore

COMPETITION LAW

  • Federal Trade Commission (FTC) gives final approval to settlement with Zoom over allegations that the Company Misled Consumers about its Data Security Practices [February 01, 2021] ReadMore
  • Amazon To Pay $61.7 Million to Settle Federal Trade Commission (FTC) charges that it withheld some customer tips from Amazon Flex Drivers [February 02, 2021] ReadMore
  • Federal Trade Commission (FTC) gives final approval to settlement with emergency travel services provider related to allegations that it failed to secure sensitive data [February 05, 2021] ReadMore
  • Federal Trade Commission (FTC) Acts to Ban Payday Lender From Industry, Forgive Illegal Debt [February 11, 2021] ReadMore

ENERGY

  • Governments continuing to build p