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

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

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 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

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

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”.