News and Updates Issue 10 Duration June 01 2021- June 30 2021

“The best way out is always through.”

Robert Frost

BANKING AND FOREIGN EXCHANGE

  • The Reserve Bank of India (RBI) has issued a press release 2021-2022/325 in relation to rate of interest on Government of India Floating Bonds, 2031. [June 04, 2021] Read More
  • The Reserve Bank of India (RBI) has issued press releasesimposing monetary penalties on Bank of India, Punjab National Bank and National Urban Co-operative Bank Limited, New Delhi. [June 07, 2021] Read More
  • The Reserve Bank of India (RBI) has issued a press release 2021-2022/371 in relation to Overseas Direct Investment for May 2021. [June 16, 2021] Read More

LABOUR LAW

  • The Central Government has issued an advisory to all the State Governments/UTs to encourage work-from-home for nursing mothers under Section 5(5) of the Maternity Benefit (Amendment) Act, 2017. [June 1, 2021] Read More
  • Union Minister of State (I/c) for Labour and Employment announced the decision to extend coverage under the Employees’ State Insurance Act, 1948 to all casual and contractual workers working in the municipal bodies in the country. [June 10, 2021] Read More
  • Ministry of Labour and Employment notified the draft rules relating to Employee’s Compensation under the Code on Social Security, 2020 on 03.06.2021, inviting objections and suggestions from the stakeholders. [June 15, 2021] Read More

COMPETITION LAW

  • CCI approves acquisition of 51% of the equity share capital in each of the three Electricity Supply Companies of Odisha. viz Western Electricity Supply Company of Odisha, Southern Electricity Supply Company of Odisha Limited and Central Electricity Supply Company of Odisha Limited by The Tata Power Company Limited [June 07, 2021] Read More
  • CCI approvesthe proposed combination relating to Think & Learn Private Limited (BYJU’S) acquisition of certain stake of Aakash Educational Services Limited (AESL) and thereafter merger of BYJU’s and AESL [June 07, 2021] Read More
  • CCI approves exchange of equity shareholding byexisting shareholders of ReNew Powerwithshares of ReNew Global, along with a reverse triangular mergerof subsidiary of ReNew Globalwith RMG II [June 07, 2021] Read More
  • CCI approves acquisition in Magma HDI General Insurance Company Limited (Magma HDI) by India Advantage Fund S4 I (IAF S4 I) & Dynamic India Fund S4 US I (DIF) through a special purpose vehicle and by NHPEA Trisul Holding B.V(NTH) [June 17, 2021] Read More
  • CCI approves acquisition of additional equity shareholding by Heineken International B.V.of United Breweries Limited. [June 21, 2021] Read More
  • CCI approves acquisition by Adani Green Energy Limited of SB Energy Holding Limited. [June 29, 2021] Read More

ENERGY

  • Reliance-BP launch initiative to give free fuel to COVID-19 emergency vehicles across India. [June 01, 2021] Read More
  • India brings forward target of 20 percent ethanol-blending in petrol to 2023. [June 02, 2021] Read More
  • Indian Oil signs up to invest Rs. 24,000 crores in Gujarat refinery expansion, petrochemical project. [June 07, 2021] Read More
  • New rule: Additional borrowing space only if states agree to take over discoms’ future losses. [June 14, 2021] Read More
  • Wartsila to set up 30-MW power plant for Oil India in Assam. [June 15, 2021] Read More
  • Adani Power emerges as successful bidder for Essar Power’s 1,200 MW Mahan Project [June 18, 2021] Read More

NEWS

  • NCLT approves Vendata Group’s resolution plan for Videocon. [June 08, 2021] Read More
  • NCLT orders winding up Nakshatra World, a Mehul Choksi company. [June 28, 2021] Read More
  • HC refuses to stay new IT rules regulating digital news media. [June 28, 2021] Read More
  • UP moves Supreme Court against HC protection to Twitter MD. [June 29,2021] Read More
  • SC rejects Centre’s stand that provision on compensation under law on disaster is discretionary. [June 30, 2021] Read More

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