News and Updates Issue 51 Duration December 01-15, 2020

"The severity of the laws prevents their execution."

CHARLES MONTESQUIEU

BANKING AND FOREIGN EXCHANGE

  • The Reserve Bank of India (RBI) has issued a press release RBI/2020-21/70 dated December 04, 2020 in relation to 24x7 Availability of Real Time Gross Settlement (RTGS) System ReadMore
  • The Reserve Bank of India (RBI) has issued a press release RBI/2020-21/71 dated December 04, 2020 in relation to Card transactions in Contactless mode - relaxation in requirement of Additional Factor of Authentication ReadMore
  • The Reserve Bank of India (RBI) has issued a press release RBI/2020-21/72 dated December 04, 2020 in relation to perpetual validity for Certificate of Authorisation (CoA) issued to Payment System Operators (PSOs) under Payment and Settlement Systems Act, 2007 (PSS Act) ReadMore
  • The Reserve Bank of India (RBI) has issued a press releases RBI/2020-21/73 dated December 04, 2020 in relation to Authorisation of entities for operating a Payment System under the Payment and Settlement Systems Act, 2007 (PSS Act) – Introduction of Cooling Period ReadMore

COMPETITION LAW

  • Competition Commission of India (CCI), has omitted item 5.7 of Form I of Schedule II to the Combination Regulations (Disclosure relating to non-compete); Press Release No. 44/2020-21 [December 01, 2020] ReadMore
  • Competition Commission of India (CCI) approves acquisition of certain assets of the Prestige Group by affiliates of Blackstone Group Inc [December 08, 2020] ReadMore
  • Federal Trade Commission (FTC) takes action against Second VoIP Service Provider for Facilitating Illegal Telemarketing Robocalls [December 03, 2020] ReadMore
  • Federal Trade Commission (FTC) issues consumer tips for avoiding COVID-19 Vaccine Scams [December 08, 2020] ReadMore
  • Federal Trade Commission (FTC) Sues Facebook for Illegal Monopolization [December 09, 2020] ReadMore

ENERGY

  • Central Pollution Control Board makes use of clean fuel mandatory for industries [December 05, 2020] ReadMore
  • Supreme Court (SC) extends stay on CERC operations [December 07, 2020] ReadMore
  • European Union (EU) to restrict support for gas projects, citing climate goals – draft [December 11, 2020] ReadMore

NEWS

  • Bharatiya Kisan Union challenges new farm laws in Supreme Court (SC) [December 11, 2020] ReadMore
  • Supreme Court (SC) refuses to hear PIL on making laws to confiscate 'benami' properties, black money [December 11, 2020] ReadMore
  • PIL to control population: Can't coerce family planning, Centre tells Supreme Court (SC) [December 12, 2020] ReadMore
  • “Retrospective amendment” in GST law: Time frame prescribed by tax department more of a direction says Delhi High Court (HC) [December 14, 2020] ReadMore

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