News and Updates Issue 21 Duration September 01-15, 2019

ISSUE21

A good and faithful judge prefers what is right to what is expedient.

HORACE, 1ST-CENTURY B.C. ROMAN POET AND SATIRIST

BANKING AND FOREIGN EXCHANGE

  • The Reserve Bank of India (RBI) has released a notification dated September 13, 2019 in relation “Draft Guidelines for ‘on tap’ Licensing of Small Finance Banks in the Private Sector”. The objectives of setting up of small finance banks will be for furthering financial inclusion by (i) provision of savings vehicles primarily to unserved and underserved sections of the population, and (ii) supply of credit to small business units; small and marginal farmers; micro and small industries; and other unorganised sector entities, through high technology-low cost operations.
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LABOUR LAWS

COMPETITION LAW

ENERGY

NEWS

  • Reserve Bank of India (RBI) Government working on law to create new database for borrowers [September 03, 2019]
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  • Government to start consultations on online certification [September 02, 2019]
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  • Enforcement Directorate (ED) issues show-cause notice to Amnesty International for 'violating' foreign exchange law [September 06, 2019]
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  • Supreme Court (SC) notice to centre on plea against UAPA Amendments [September 07, 2019]
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  • Supreme Court (SC) gives green signal for probe against Uber [September 11, 2019]
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  • Central Bureau of Investigation (CBI) moves Supreme Court (SC) against whistleblower I-T officer [September 11, 2019]
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  • Government committee recommends privatisation of coal sector [September 13, 2019]
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  • Government panel may examine non-personal data regulation [September 14, 2019]
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Disclaimer This information has been gathered from various sources. Nothing herein is or may be construed as legal advice.