News and Updates Duration August 16, 2021 – August 31, 2021

“Setting goals is the first step in turning the invisible into the visible.”

Tony Robbins

BANKING AND FOREIGN EXCHANGE

  • The Reserve Bank of India (RBI) has issued a press release RBI/2021-2022/743 in relation to imposing monetary penalty on Delhi NagrikSehkari Bank Limited, New Delhi. [August 25, 2021] Read more
  • The Reserve Bank of India (RBI) has issued a press release RBI/2021-2022/765 in relation to imposing monetary penalty on New India Co-operative Bank Ltd. Mumbai, Maharashtra. [August 27, 2021] Read more
  • The Reserve Bank of India (RBI) has issued a press release RBI/2021-2022/768in relation to imposing monetary penalty on five Payment Operators. [August 27, 2021] Read more

COMPETITION LAW

  • FTC alleges Facebook resorted to illegal buying or bury scheme to crush competition after string of failed attempts to innovate. [August 19, 2021] Read more
  • CCI imposes Rupees Two Hundred Crores penalty on Maruti for restricting discounts by dealers. [August 23, 2021] Read more
  • CCI receives a notice relating to an internal corporate reorganization of the Daimler AG group pf companies from Daimler AG, under Green Channel and is deemed approved. [August 24, 2021] Read more
  • Telemarketer Fees to access the FTC’s National Do Not Call Registry to Increase in 2022. [August 24, 2021] Read more
  • FTC sends Refund checks to people targeted in Computer Financing Scheme. [August 31, 2021] Read more

ENERGY

  • PNGRB plans to offer 65 city gas distribution licenses in next bidding round. [August 17, 2021] Read more
  • Adani Total Gas acquires gas meter manufacturing company. [August 21, 2021] Read more
  • NRL and Inland Waterways ink MoU for transportation of cargo. [August 26, 2021] Read more
  • Indian Oil expands JV with Malaysia’s Petronas to focus on LNG plants. [August 27, 2021] Read more
  • NTPC Darlipali Thermal Power Station’s Unit 2 to start commercial operation from September 1. [August 31, 2021] Read more

NEWS

  • NCLT passes liquidation order against Nirav Modi’s flagship firm Firestar International. [August 17, 2021] Read more
  • New portal launched to facilitate geospatial planning of MGNREGA assets. [August 24, 2021] Read more
  • Centre’s new Drone Rules 2021 set to transform Indian landscape for drones. [August 26, 2021] Read more
  • Inland Waterways Authority of India has decided to build a Ship Repair Facility at Pandu on the southern bank of Brahmaputra. [August 26, 2021] Read more
  • 76 firms get land at UP’s first handicrafts park near Noida airport. [August 27, 2021] Read more
  • PNB scam: Properties worth Rs. 500 crores of Nirav Modi firms restored to bank. [August 27,2021] Read more
  • Enforcement Directorate summons Mamata Banerjee’s nephew Abhishek Banerjee, his wife in money laundering case. [August 28. 2021] Read more
  • Enforcement Directorate attaches worth over Rs 363 crore of jewellery firm in MMTC fraud case. [August 28, 2021] Read more
  • Enforcement Directorate attaches 45 immovable assets worth Rs. 363.51 crore of Hyderabad-based MBD group, promoters. [August 28, 2021] Read more

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