In November 2019, the Dewan Housing Finance Corporation Ltd. (DHFL- a Non-Banking Financial Company providing home loans) was referred to the National Company Law Tribunal (NCLT) by the RBI for insolvency proceedings under the Insolvency and Bankruptcy Code 2016 (IBC) owing to default in meeting its payment obligations. [Insolvency is the inability of individuals or …
The DHFL Crisis – What are the Latest Developments? Read More »
The monsoon session of the Indian Parliament has just begun (July 19, 2021) and one of the raging topics of discussion that has been doing the rounds is ‘The Pegasus Scandal’. A day before the start of the Parliament session, The Wire reported that the phone numbers of at least 300 Indians including top politicians, …
The Pegasus Scandal- What is it and How does the Spyware work? Read More »
On 23rd July 2020, the Central Government had notified the Consumer Protection (E-Commerce) Rules, 2020 [‘Rules’] under the Consumer Protection Act, 2019. Last month, the Government proposed draft changes to these Rules and sought stakeholder comments for the same. Recently, various industry associations and e-commerce entities have submitted their recommendations to these amendments and called …
The New E-Commerce Rules and its Impact- Explained Read More »
[‘Daily News Updates’ will provide you with a simplified understanding of the important economic/financial events across the country] FDI Rules Changed to Aid BPCL Privatisation Foreign direct investment (FDI) is when a foreign company or individual makes an investment in India that involves either (i) establishing new business operations (known as green-field FDI) or (ii) acquiring …
[‘Daily News Updates’ will provide you with a simplified understanding of the important economic/financial events across the country] Demand for RERA in West Bengal Homebuyers have urged the West Bengal state government to implement the Real Estate (Regulation and Development) Act, 2016. What is RERA? The Real Estate (Regulation and Development) Act of 2016 (also …
[‘Daily News Updates’ will provide you with a simplified understanding of the important economic/financial events across the country] India’s WPI Inflation Reduces to 12.07% In a previous edition of Daily News Updates, we noted that “the Wholesale Price Index (WPI) [This index measures the price level of goods traded in the wholesale market] is soaring, …
[‘Daily News Updates’ will provide you with a simplified understanding of the important economic/financial events across the country] India’s First Bad Bank Finally Takes Shape A Bad Bank is a bank set up to buy bad assets of banks and financial institutions. The purpose of setting up a Bad Bank is to clean up the …