BANKING AND FOREIGN EXCHANGE

• The Reserve Bank of India (RBI) has issued a notification RBI/2018-19/157dated April 01, 2019 in relation Disclosure in the "Notes to Accounts" to the Financial Statements - Divergence in the asset classification and provisioning
  For more information, please access –
  https://rbidocs.rbi.org.in/rdocs/notification/PDFs/NT157417EFD39BFE04F66B31EB4566E5A15DD.PDF
• The Reserve Bank of India (RBI) has issued a notification RBI/2018-19/166 dated April 08, 2019 in relation Basel III Framework on Liquidity Standards - Liquidity Coverage Ratio (LCR), Liquidity Risk Monitoring Tools and LCR Disclosure Standards
  For more information, please access –https://rbidocs.rbi.org.in/rdocs/notification/PDFs/NT1668F459B202FB24E8F8F7C90BB48B0413E.PDF
• The Reserve Bank of India (RBI) has issued a notification RBI/2018-19/167 A.P. (DIR Series) Circular No.29 dated April 11, 2019 in relation Foreign Exchange Management (Foreign Currency Accounts by a person resident in India) Regulations, 2015 - opening of Foreign Currency Accounts by Re-insurance and Composite Insurance brokers
  For more information, please access –https://rbidocs.rbi.org.in/rdocs/notification/PDFs/NT1672385E30A3AA54688AC678B0DDBDBD93B.PDF

COMPETITION LAW

• The Federal Trade Commission (FTC) sent eightletters to jewelry marketers warning them that some of their online advertisements of jewelry made with simulated or laboratory-created diamonds may deceive consumers, in violation of the FTC Act. [April 02, 2019]
  For more information, please access –
  https://www.ftc.gov/news-events/press-releases/2019/03/ftc-sends-warning-letters-companies-regarding-diamond-ad
• The Federal Trade Commission (FTC) joins FDA in sending warning letters to companies advertising and selling products containing Cannabidiol (CBD) claiming to treat Alzheimer’s, Cancer, and other diseases [April 02, 2019]
  For more information, please access –
  https://www.ftc.gov/news-events/press-releases/2019/04/ftc-joins-fda-sending-warning-letters-companies-advertising
• The Federal Trade Commission (FTC) Court Rules favor against predatory academic publisher OMICS Group; Imposes $50.1 million judgment against defendants that made false claims and hid publishing fees [April 03, 2019]
  For more information, please access –
  https://www.ftc.gov/news-events/press-releases/2019/04/court-rules-ftcs-favor-against-predatory-academic-publisher-omics
• The Federal Trade Commission (FTC) Hearings on Competition and Consumer Protection in the 21st Century Continue with Discussion of the FTC’s Approach to Consumer Privacy [April 08, 2019]
  For more information, please access –
  https://www.ftc.gov/news-events/press-releases/2019/04/ftc-hearings-competition-consumer-protection-21st-century
• The Competition and Markets Authority (CMA) has today launched a consumer law investigation into Nintendo Switch, PlayStation and Xbox to find out whether their auto-renewal terms are unfair [April 05, 2019]
  For more information, please access –
  https://www.gov.uk/government/news/cma-to-investigate-online-gaming-companies-roll-over-contracts
• Antitrust: Commission sends Statement of Objections to BMW, Daimler and VW for restricting competition on emission cleaning technology [April 05, 2019]
  For more information, please access – ReadMore
• Antitrust: Commission sends Statements of Objections to Valve and five videogame publishers on “geo-blocking” of PC video games [April 05, 2019]
  For more information, please access – ReadMore
• Online Lending Company Agrees to Settle the Federal Trade Commission (FTC) Charges It Engaged in Deceptive and Unfair Loan Servicing Practices [April 15, 2019]
  For more information, please access –
  https://www.ftc.gov/news-events/press-releases/2019/04/online-lending-company-agrees-settle-ftc-charges-it-engaged

ENERGY

• DGH seeks data on ONGC's top 47 fields after rejection of bid to privatise fields [April 05, 2019]
  For more information, please access –
  https://energy.economictimes.indiatimes.com/news/oil-and-gas/dgh-seeks-data-on-ongcs-top-47-fields-after-rejection-of-bid-to-privatise-fields/68656395
• India’s Liquefied natural gas (LNG) import volumes fell 9 per cent in February [April 09, 2019]
  For more information, please access –
  https://energy.economictimes.indiatimes.com/news/oil-and-gas/indias-lng-import-volumes-fell-9-per-cent-in-february/68797171
• Oil price benchmarks are defying the laws of supply and demand [April 05, 2019]
  For more information, please access –
  https://energy.economictimes.indiatimes.com/news/oil-and-gas/oil-price-benchmarks-are-defying-the-laws-of-supply-and-demand/68733888
• Cabinet approves Cooperation Agreement between India and Denmark in the field of Renewable Energy with focus on Offshore Wind Energy [April 15, 2019]
  For more information, please access –
  http://pib.nic.in/PressReleseDetail.aspx?PRID=1570599

MINING

• India’s state copper miner plans $800m expansion [April 10, 2019]
  For more information, please access –
  http://www.mining.com/indias-state-copper-miner-plans-800m-expansion/
• Iron ore prices shift structurally higher on Vale woes [April 10, 2019]
  For more information, please access –
  http://www.mining.com/web/iron-ore-prices-shift-structurally-higher-vale-woes/

NEWS

• Supreme Court (SC) quashes RBI circular on debt resolution [April 03, 2019]
  For more information, please access –
  https://economictimes.indiatimes.com/industry/banking/finance/banking/supreme-court-strikes-down-rbis-february-12-circular-on-defaulting-firms-calls-it-illegal/articleshow/68682597.cms
• The Securities and Exchange Board of India (SEBI) comes up with system audit framework for AMCs/MFs, asks to form technology committee [April 11, 2019]
  For more information, please access –
  https://economictimes.indiatimes.com/markets/stocks/news/sebi-comes-up-with-system-audit-framework-for-amcs/mfs-asks-to-form-technology-committee/articleshow/68836365.cms
• National Company Law Appellate Tribunal (NCLAT) asks winning bidder to raise offer for United Seamless [April 11, 2019]
  For more information, please access –
  https://economictimes.indiatimes.com/industry/indl-goods/svs/engineering/nclat-asks-winning-bidder-to-raise-offer-for-united-seamless/articleshow/68826423.cms
• Reserve Bank Employees are not Central Government Servants, says Madras High Court (HC) [April 14, 2019]
  For more information, please access –
  https://www.livelaw.in/news-updates/rbi-employees-are-not-government-employees-144280
• Supreme Court empowers home buyers to claim refunds [April 15, 2019]
  For more information, please access –
  https://economictimes.indiatimes.com/wealth/real-estate/supreme-court-empowers-home-buyers-to-claim-refunds/articleshow/68882987.cms