News and Updates Issue 49 Duration November 01-15, 2020

“We will either find a way, or make one.”

HANNIBAL

BANKING AND FOREIGN EXCHANGE

  • The Reserve Bank of India (RBI) has issued a press release RBI/2020-21/63 dated November 05, 2020 in relation to Co-Lending by Banks and NBFCs to Priority Sector ReadMore
  • The Reserve Bank of India (RBI) has issued a press release RBI/2020-21/66 A.P. (DIR Series) Circular No. 05 dated November 13, 2020 in relation to discontinuation of Returns/Reports under Foreign Exchange Management Act, 1999 ReadMore

LABOUR LAW

  • Minimum wages rate increase w.e.f. 01.07.2020 [November 11, 2020] ReadMore
  • Union Ministry of Labour and Employment has notified the draft rules under the Code on Social Security, 2020 on 13.11.2020 inviting objections and suggestions, if any, from the stakeholders. Such objections and suggestions are required to be submitted within a period of 45 days from the date of notification of the draft rules [November 15, 2020] ReadMore

COMPETITION LAW

  • Competition Commission of India (CCI) organises virtual workshop of BRICS Competition agencies on competition issues in automotive sector [November 07, 2020] ReadMore
  • Federal Trade Commission (FTC) requires Medical Device Companies Stryker Corp. and Wright Medical Group N.V. to divest assets to preserve Competition [November 03, 2020] ReadMore
  • Federal Trade Commission (FTC) releases agenda for franchise rule virtual workshop [November 03, 2020] ReadMore
  • Federal Trade Commission (FTC) requires Zoom to enhance its security practices as part of settlement [November 09, 2020] ReadMore
  • Competition Commission of India (CCI) approves transfer of 100% shareholding of Sinochem Group Company Limited (Sinochem) and China National Chemical Corporation Limited (ChemChina) to a new company wholly owned by China State-owned Assets Supervision and Administration (Central SASAC), under Section 31(1) of the Competition Act, 2002; November 12, 2020] ReadMore

ENERGY

  • Power Ministry makes it mandatory for all DISCOMs to comply with Energy Conservation Act [November 09, 2020] ReadMore
  • European Union (EU) lending arm approves 1 trln euro green plan [November 12, 2020] ReadMore
  • India's energy growth set to be back after COVID impact reduces: Report [November 13, 2020] ReadMore

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”.