News and Updates Issue 29 Duration January 01-15, 2020

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Fairness is what justice really is.

POTTER STEWARD, SUPREME COURT JUSTICE

BANKING AND FOREIGN EXCHANGE

  • The Reserve Bank of India (RBI) has issued a notification RBI/2019-20/136 A.P. (DIR Series)Circular No. 15 dated January 06, 2020 in relation to Risk Management and Inter-bank Dealings- Permitting AD Cat-I banks to voluntarily undertake user and Inter-Bank transactions beyond onshore market hours. Read More
  • The Reserve Bank of India (RBI) has issued a notification RBI/2019-20/138 dated January 09,2020 in relation to Amendment to Master Direction (MD) on KYC. With a view to leveraging the digital channels for Customer Identification Process (CIP) by Regulated Entities (REs), the Reserve Bank has decided to permit Video based Customer Identification Process (V-CIP) as a consent based alternate (sic) method of establishing the customer’s identity, for customer onboarding.Read More
  • The Reserve Bank of India (RBI) has issued a notification RBI/2019-20/139 dated January 10, 2020 in relation to Processing of e-mandate in Unified Payments Interface (UPI) for recurring transactions. Read More
  • The Reserve Bank of India (RBI) has issued a notification RBI/2019-20/140 dated January 10, 2020 in relation to Framework for imposing monetary penalty on authorized payment system operators / banks under the Payment and Settlement Systems Act, 2007. Read More
  • The Reserve Bank of India (RBI) has issued a notification RBI/2019-20/143 A.P. (DIR Series) Circular No. 16 dated January 15, 2020 in relation to Hedging of Commodity Price Risk and Freight Risk in Overseas Markets (Reserve Bank) Directions, 2018 – Amendment. Read More

LABOUR LAW

  • The Industrial Relations Code, 2019’ and ‘The Code on Social Security, 2019’, as introduced in Lok Sabha have been referred by the Speaker to the Standing Committee on Labour headed by Shri Bhartruhari Mahtab, MP for examination and report. The Standing Committee has decided to invite memoranda containing views/suggestions separately on each Code from the public in general and NGOs/ Experts/ Stakeholders and Institutions in particular [January 15, 2020] Read More

COMPETITION LAW

  • Competition Commission of India (CCI) Releases ‘Market Study on E-commerce in India: Key Findings and Observations’ [January 08, 2020] Read More
  • Federal Trade Commission (FTC) challenges consummated merger of Companies that Market Body-Worn Camera Systems to Large Metropolitan Police Departments [January 03, 2020] Read More
  • Federal Trade Commission (FTC) finalizes settlement with Utah Company and its former CEO over Allegations they Failed to Safeguard Consumer Data [January 06, 2020] Read More
  • Mortgage Broker that posted personal information about Consumers in response to negative yelp reviews settles Federal Trade Commission (FTC) allegations [January 07, 2020] Read More
  • Federal Trade Commission (FTC) to hold workshop regarding Non-Compete Agreements in the Workplace [January 08, 2020] Read More

ENERGY

  • The Government reportedly approves ordinance to remove end user restrictions, to boost Foreign Direct Investment (FDI) in coal mining [January 08, 2020] Read More
  • The Supreme Court (SC) reportedly seeks centre's response on plea challenging Coal Mines Act provisions [January 08, 2020] Read More
  • Ministry of New and Renewable Energy (MNRE) issues draft policy for round-the-clock supply of bundled renewable power [January 02, 2020] Read More

NEWS

  • The Securities and Exchange Board of India (SEBI) has reportedly issued a new framework for core settlement guarantee fund, non-defaulting members [January 03, 2020] Read More
  • Competition Commission of India (CCI) pitches for self-regulation of e-comm platforms [January 08, 2020] Read More
  • The Securities and Exchange Board of India (SEBI) puts in place operating guidelines for investment advisers in IFSC [January 09, 2020] Read More
  • Governments should respect freedom of press Supreme Court (SC) [January 10, 2020] Read More
  • Reserve Bank of India (RBI) reportedly allows card holders to enable, disable cards for online use, modify transaction limits. [January 15, 2020] Read More

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