News and Updates Issue 04 Duration February 16-28, 2021

A thing long expected takes the form of the unexpected when at last it comes.

MARK TWAIN

BANKING AND FOREIGN EXCHANGE

  • The Reserve Bank of India (RBI) has issued a press release RBI/2020-21/99 A.P. (DIR Series) Circular No. 11 dated January 16, 2021 in relation to remittances to International Financial Services Centres (IFSCs) in India under the Liberalised Remittance Scheme (LRS) ReadMore
  • The Reserve Bank of India (RBI) has issued a press release RBI/2020-21/73 dated February 17, 2021 in relation to Master Direction – Non-Banking Financial Company – Housing Finance Company (Reserve Bank) Directions, 2021 ReadMore
  • The Reserve Bank of India (RBI) has issued a press release RBI/2020-21/74 dated February 18, 2021 in relation to Master Direction on Digital Payment Security Controls ReadMore

LABOUR LAW

  • Employees’ State Insurance Corporation (ESIC) during its 184th Meeting held on 22.02.2021 under the chairmanship of the Minister of State for Labour & Employment (Independent Charge), Govt. of India has taken several significant decisions to improve its service delivery mechanism and to strengthen the medical infrastructure benefiting its Insured Workers [February 23, 2021 ReadMore

COMPETITION LAW

  • Competition Commission of India (CCI) approves acquisition by CDPQ Private Equity Asia Pte. Ltd. (‘CDPQ/Acquirer’) of equity shareholding of API Holdings Private Limited (‘API Holdings/Target’) under Section 31(1) of the Competition Act, 2002 [February 22, 2021] ReadMore
  • Competition Commission of India (CCI) approves acquisition by Panatone Finvest Limited (‘Acquirer’) of Tata Communications Limited (‘TCL’) under Section 31(1) of the Competition Act, 2002 [February 22, 2021] ReadMore
  • Federal Trade Commission (FTC) to Hold Virtual Workshop Exploring Digital “Dark Patterns” [February 24, 2021] ReadMore
  • Competition Commission of India (CCI) approves proposed merger of NAM Estates and Embassy One Commercial Property Developments into Indiabulls Real Estate [February 24, 2021] ReadMore

ENERGY

  • Global investors move to renewable as coal demand dips in India [February 16, 2021] ReadMore
  • India, US energy partnership supports sustainable development: Official [February 23, 2021] ReadMore

NEWS

  • Government invokes special powers that allow renewable companies to sell projects won in auctions along with transmission access [February 16, 2021] ReadMore
  • Reserve Bank of India (RBI) tightens payments security norms for banks, digital payment operators [February 18, 2021] ReadMore
  • Central Board of Direct Taxes (CBDT) to keep double tax avoidance, international practices in view on Non Resident Indian (NRI) tax residency [February 19, 2021] ReadMore
  • Google Cloud eyes public sector for growth in India [February 23, 2021] ReadMore
  • Facebook stepping up fight against child abuse on platform, adds new tools & policies [February 24, 2021] ReadMore
  • Government notifies new rules governing digital media [February 26, 2021] ReadMore

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