News and Updates Issue 48 Duration October 16-31, 2020

“The primary duty of a lawyer engaged in public prosecution is not to convict, but to see that justice is done.”

CANONS OF PROFESSIONAL ETHICS CANON 5 (1908)

BANKING AND FOREIGN EXCHANGE

  • The Reserve Bank of India (RBI) has issued a press release RBI/2020-21/58 dated October 22, 2020 in relation to Framework for Recognition of a Self-Regulatory Organization for Payment System Operators ReadMore
  • The Reserve Bank of India (RBI) has issued a press release RBI/2020-21/59 dated October 22, 2020 in relation to Digital Payment Transactions – Streamlining QR Code infrastructure ReadMore
  • The Reserve Bank of India (RBI) has issued a press release RBI/2020-21/61 dated October 26, 2020 in relation to Scheme for grant of ex-gratia payment of difference between compound interest and simple interest for six months to borrowers in specified loan accounts (1.3.2020 to 31.8.2020) ReadMore

LABOUR LAW

  • Labour Department, Haryana has issued a notification regarding auto-renewal of the licenses [October 21, 2020] ReadMore
  • Labour Department, Haryana has issued a notification regarding Criteria for Recognition of Third Party Agencies / Individual under various Labour Laws [October 22, 2020] ReadMore
  • Labour Department, Haryana has issued a notification regarding auto-renewal of license under Factories Act, 1948 [October 23, 2020] ReadMore

ENERGY

  • India allows UAE's ADNOC to export oil from strategic reserve [October 21, 2020] ReadMore
  • Government bans sale of gas, CBM to self [October 21, 2020] ReadMore
  • Renewable energy industry asks for increased focus on wind-solar hybrid projects [October 27, 2020] ReadMore

NEWS

  • Supreme Court (SC) issues notice to Government, Reserve Bank of India (RBI), Google, Amazon, FaceBook over UPI data security [October 16, 2020] ReadMore
  • Government to hire experts for framing rules of three Labour Codes [October 17, 2020] ReadMore
  • Foreign direct investment (FDI) with even the smallest Chinese holding will need Government approval [October 19, 2020] ReadMore
  • Supreme Court (SC) to examine if educational institutions, varsities fall under consumer law [October 21, 2020] ReadMore
  • Facebook poised to face antitrust suit with Federal Trade Commission (FTC) decision near [October 24, 2020] ReadMore
  • New guidelines in works to speed up Foreign direct investment (FDI) approvals [October 28, 2020] ReadMore

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