BANKING AND FOREIGN EXCHANGE

• The Reserve Bank of India (RBI) has issued a notification RBI/2019-20/63 dated September 19,
  2019 in relation to Priority Sector Targets - Lending to Non-Corporate Farmers – FY 2019-20
  For more information, please access –
  https://rbidocs.rbi.org.in/rdocs/notification/PDFs/NOTI63937B8F97014D477BAC12020C67B30ECE.PDF
• The Reserve Bank of India (RBI) has issued a notification RBI/2019-20/67 dated September 20,
  2019 in relation to Harmonization of Turn Around Time (TAT) and customer compensation for
  failed transactions using authorized Payment Systems
  For more information, please access –
  https://rbidocs.rbi.org.in/rdocs/notification/PDFs/CIRCULAR677EC931A7A65E4D99AA957D8E85BC0A2A.PDF

COMPETITION LAW

• The Federal Trade Commission (FTC) testifies before Senate Subcommittee on Antitrust, Competition Policy and Consumer Rights [September 17, 2019]
  For more information, please access –
  https://www.ftc.gov/news-events/press-releases/2019/09/ftc-testifies-senate-subcommittee-antitrust-competition-policy
• The Federal Trade Commission (FTC) Staff submits Comment to CFPB on Proposed Debt Collection Rules [September 18, 2019]
  For more information, please access –
  https://www.ftc.gov/news-events/press-releases/2019/09/ftc-staff-submits-comment-cfpb-proposed-debt-collection-rules
• The Federal Trade Commission (FTC) Says No, Alleges Retailer Misled Consumers about Its Products truly Organic? [September 19, 2019]
  For more information, please access –
  https://www.ftc.gov/news-events/press-releases/2019/09/truly-organic-ftc-says-no-alleges-retailer-misled-consumers-about
• Apex Capital Group Internet Marketers Settle the Federal Trade Commission (FTC) allegations that they deceived Consumers with false claims of “Free Trial” Offers and Unauthorized Continuity Plans [September 20, 2019]
  For more information, please access –
  https://www.ftc.gov/news-events/press-releases/2019/09/apex-capital-group-internet-marketers-settle-ftc-allegations-they
• The Federal Trade Commission (FTC) testifies before Senate Subcommittee on Antitrust, Competition Policy and Consumer Rights on Competition in Digital Technology Markets [September 24, 2019]
  For more information, please access –
  https://www.ftc.gov/news-events/press-releases/2019/09/ftc-testifies-senate-subcommittee-antitrust-competition-policy-0
• The Federal Trade Commission (FTC) seeks public comment on ways to improve current requirements for negative option marketing [September 25, 2019]
  For more information, please access –
  https://www.ftc.gov/news-events/press-releases/2019/09/ftc-seeks-public-comment-ways-improve-current-requirements
• Competition Commission of India (CCI) approves the acquisition of 70% shareholding in Saudi Basic Industries Corporation (SABIC) by Saudi Arabian Oil Company (Saudi Aramco), under Section 31(1) of the Competition Act, 2002 [September 27, 2019]
  For more information, please access –
  https://www.cci.gov.in/sites/default/files/press_release/PR102019-20.pdf

NEWS

• Government reportedly plans constitutional amendment to define ‘office of profit’ [September 16, 2019]
  For more information, please access –
  https://economictimes.indiatimes.com/news/politics-and-nation/government-plans-constitutional-amendment-to-define-office-of-profit/articleshow/71142942.cms
• Government constitutes Company Law Committee to improve ease of doing business [September 18, 2019]
  For more information, please access –
  https://economictimes.indiatimes.com/news/economy/policy/govt-constitutes-company-law-committee-to-improve-ease-of-doing-business/articleshow/71188848.cms
• Securities and Exchange Board of India (SEBI) relaxes Foreign Portfolio Investor (FPI) norms, allows off-market transfer of securities [September 19, 2019]
  For more information, please access –
  https://economictimes.indiatimes.com/markets/stocks/news/sebi-relaxes-fpi-norms-allows-off-market-transfer-of-securities/articleshow/71297849.cms