News and Updates Issue 45 Duration September 01-15, 2020

“The more I see of trial by judge, the more highly I think of trial by jury.”

AUSTRALIAN KING’S COUNSEL B. R. WISE (1948)

BANKING AND FOREIGN EXCHANGE

  • The Reserve Bank of India (RBI) has issued a notification RBI/FIDD/2020-21/72 dated September 04, 2020 in relation to Master Directions – Priority Sector Lending (PSL) – Targets and Classification ReadMore
  • The Reserve Bank of India (RBI) has issued a notification RBI/2020-21/34 dated September 07, 2020 in relation of Resolution Framework for COVID-19-related Stress – Financial Parameters ReadMore
  • The Reserve Bank of India (RBI) has issued a notification RBI/2020-21/35 dated September 11, 2020 in relation to Compliance functions in banks and Role of Chief Compliance Officer (CCO) ReadMore

LABOUR LAW

  • Ministry of Labour & Employment package to check unemployment rate [September 14, 2020] ReadMore
  • Ministry of Labour & Employment launch of virtual hearing in quasi-judicial cases under EPF & MP Act, 1952 heralds an era of providing expeditious and affordable adjudication [September 14, 2020] ReadMore

COMPETITION LAW

  • Competition Commission of India (CCI) approves incremental acquisition by SABIC International Holdings B.V. (SABIC BV) in ClariantAG under Section 31(1) of the Competition Act, 2002 [September 02, 2020] ReadMore
  • Competition Commission of India (CCI) approves proposed combination involving acquisition of 20% of the issued and paid-up equity share capital of Piramal Pharma Limited (Pharma Co.) by CA Clover Intermediate II Investments (Curie) [September 11, 2020] ReadMore
  • Children’s online learning Program ABCmouse to pay $10 Million to settle Federal Trade Commission (FTC) charges of Illegal Marketing and Billing Practices [September 02, 2020] ReadMore
  • Federal Trade Commission (FTC) refunds almost $3.9 Million to Purchasers of Deceptively Advertised Quell Wearable Pain-Relief Device [September 08, 2020] ReadMore

ENERGY

  • Boost for renewable energy: Reserve Bank of India (RBI) issues revised priority sector lending guidelines [September 04, 2020] ReadMore
  • Reserve Bank of India’s (RBI’s) new move to help farmers set up small solar plants [September 07, 2020] ReadMore
  • Delhi power regulator slashes fixed power charges for unutilised capacity by industrial, commercial segments [September 08, 2020] ReadMore
  • Electricity consumer rights rules to be notified soon [September 10, 2020] ReadMore
  • Power generators allowed to recover FGD cost over plants' life [September 11, 2020] ReadMore

NEWS

  • Migrant workers: Supreme Court (SC) expresses displeasure over non-filing of affidavit by states [September 01, 2020] ReadMore
  • National Company Law Tribunal (NCLT) to rule if spectrum can be sold under Insolvency and Bankruptcy Code (IBC): Supreme Court (SC) [September 01, 2020] ReadMore
  • Competition Commission of India (CCI) dismisses case of abuse of dominance against Amazon [September 11, 2020] ReadMore
  • Delhi High Court (HC) directs Delhi University to issue Digital Degree Certificates to Students [September 13, 2020] ReadMore
  • Reserve Bank of India (RBI) asks banks to fully automate NPA recognition process [September 14, 2020] ReadMore
  • Banking Regulation (Amendment) Bill 2020 introduced in Lok Sabha [September 14, 2020] ReadMore
  • The Securities and Exchange Board of India (SEBI) provides clarity on penalty for non-collection of margins in cash segment [September 15, 2020] ReadMore

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