News and Updates Issue 07 Duration April 01-15, 2021

Do one thing every day you don't want to do.

MARK TWAIN

BANKING AND FOREIGN EXCHANGE

  • The Reserve Bank of India (RBI) has issued a press release RBI/2021-22/02 dated April 01, 2021 in relation to Master Circular – Detection and Impounding of Counterfeit Notes ReadMore
  • The Reserve Bank of India (RBI) has issued a press release RBI/2021-22/10dated April 01, 2021 in relation to Amendment to Master Direction (MD) on KYC – KYC norms for Self Help Groups (SHGs) ReadMore
  • The Reserve Bank of India (RBI) has issued a press release RBI/2021-22/04 dated April 01, 2021 in relation to Master Circular – Lead Bank Scheme ReadMore
  • The Reserve Bank of India (RBI) has issued a press release RBI/2021-22/14 dated April 07, 2021 in relation toPriority Sector Lending (PSL) – Increase in limits for bank lending against Negotiable Warehouse Receipts (NWRs) / electronic Negotiable Warehouse Receipts (eNWRs) ReadMore
  • The Reserve Bank of India (RBI) has issued a press release RBI/2021-22/15dated April 07, 2021 in relation to Priority Sector Lending (PSL) - Lending by banks to NBFCs for On-LendingReadMore
  • The Reserve Bank of India (RBI) has issued a press release RBI/2021-22/16P. (DIR Series) Circular No. 01 dated April 07, 2021 in relation to External Commercial Borrowings (ECB) Policy – Relaxation in the period of parking of unutilised ECB proceeds in term deposits ReadMore

LABOUR LAW

  • The Occupational Safety, Health and Working Conditions (OSH&WC) Code, 2020 has been enacted after amalgamating thirteen different labour legislations to simplify the laws regulating the Occupational Safety, Health and Working Conditions in establishments [April 01, 2021] ReadMore
  • The Labour Bureau has recently been tasked with five major All India Surveys by the Government of India. The five surveys are the All-India Survey of Migrant Workers, All-India Survey on Domestic Workers, All-India Survey on Employment generated in Transport Sector, All-India Survey of Employment Generated by Professionals and All-India Quarterly Establishment based Employment Survey (AQEES). [April 01, 2021] Readmore

COMPETITION LAW

  • Competition Commission of India (CCI)approves the proposed combination relating to acquisition of Principal Asset Management Private Limited, Principal Trustee Company Private Limited and Principal Retirement Advisors Private Limited by Sundaram Asset Management Company Limited [April05, 2021] ReadMore
  • Competition Commission of India (CCI) approves acquisition of shareholding in Magma Fincorp Limited by Rising Sun Holdings Private Limited and Mr Sanjay Chamria and Mr Mayank Poddar [April 12, 2021] ReadMore
  • In light of experience gained and difficulties faced in enforcement of the present Confidentiality Regime as provided in Regulation 35 of the Competition Commission of India (General) Regulations, 2009, the Commission has decided to review the extant mechanism [April 13, 2021] ReadMore

ENERGY

  • Flipkart enters into strategic partnership with Adani Group to strengthen logistics, data centre capabilities [April 12, 2021] ReadMore
  • Facebook signs first deal to buy renewable energy in India [April 15, 2021] ReadMore
  • European Union (EU) lacking sufficient electric cars charging infrastructure [April 14, 2021] ReadMore

NEWS

  • Reserve Bank of India (RBI) orders MobiKwik to urgently probe alleged data leak [March 01, 2021] ReadMore
  • Private companies can host apps for free on Government Mobile Seva app store [March 01, 2021] ReadMore
  • Government notifies Copyright (Amendment) Rules, 2021 [April 08, 2021] ReadMore
  • Ministry of Corporate Affairs (MCA) eyes revamp of compliance regime [April 13, 2021] ReadMore

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