News and Updates Issue 37 Duration May 01-15, 2020

Success is nothing more than a few simple disciplines, practiced every day.

JIM ROHN

BANKING AND FOREIGN EXCHANGE

  • The Reserve Bank of India (RBI) has issued a notification RBI/2019-20/231 dated May 13, 2020 in relation to Interest Equalisation Scheme on Pre and Post Shipment Rupee Export Credit- Extension ReadMore

LABOUR LAW

  • The Ministry of Labour and Employment has been in dialogue with the social partners to discuss the emergent situation arising out of COVID-19 pandemic and to chalk out strategies and policy initiatives to minimize its impact on the workers and on the economy. [May 08, 2020] ReadMore
  • Employee Provident Fund Organization (EPFO) introduces email mechanism to obtain e-Sign for easing the Process of EPF Compliance by Employers during Lockdown Period as employers were finding difficult to use digital or Aadhaar based e-Sign [May 06, 2020] ReadMore

COMPETITION LAW

  • Federal Trade Commission (FTC) sends 45 more Letters Warning Marketers to stop making unsupported claims that their Products and Therapies can effectively Prevent or Treat COVID-19 [May 07, 2020] ReadMore
  • Federal Trade Commission (FTC) approves final Orders settling charges that Rent-to-Own operators restrained Competition through reciprocal Purchase Agreements [May 12, 2020] ReadMore
  • Operators of Business Coaching Scheme Will Pay At Least $1.2 Million to Settle Federal Trade Commission (FTC) charges they deceived Consumers starting New Internet-based Businesses [May 13, 2020] ReadMore
  • Federal Trade Commission (FTC) files Complaint Alleging Telemarketers and Debt Collectors worked together to Bilk Organizations for Subscriptions and Books they never Ordered [May 13, 2020] ReadMore
  • The Competition Commission of India (CCI) invites public comments on 'Non-compete Restrictions' (under CCI Combination Regulations, 2011) [May 15, 2020] ReadMore

ENERGY

  • Renewable investor ENKRAFT takes stake in Energiekontor [May 05, 2020] ReadMore
  • Coal India's exploration arm The Central Mine Planning and Design Institute (acronym CMPDI) to implement CBM projects [May 10, 2020] ReadMore
  • Government decides not to fiddle with regulated power tariff [May 12, 2020] ReadMore

NEWS

  • Supreme Court (SC) directs Reserve Bank of India (RBI) to ensure its moratorium circular is implemented in letter, spirit [May 01, 2020] ReadMore
  • Supreme Court (SC) defends 'Virtual Courts System' during Pandemic [May 02, 2020] ReadMore
  • Delhi High Court (HC) dismisses plea seeking ‘risk and hardship’ allowance to COVID-19 health workers [May 05, 2020] ReadMore
  • Supreme Court (SC) panel builds digital module, to speed up disposal of Commercial Disputes [14 May 2020] ReadMore
  • Sec 32 of the Indian Contract Act instead of Sec 56 applies when parties agree in advance on contingency which makes performance impossible : Supreme Court (SC) [May 05, 2020] ReadMore

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