[‘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 …
Cairn Energy PLC (Cairn) hit the headlines in June 2021 when it announced the take over of the ownership of the Indian Government’s properties in Paris. It was done to enforce the arbitration award won against the Indian Government at an international tribunal in December 2020. Through this article, we have tried to explain the …
[‘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 …
[‘Daily News Updates’ will provide you with a simplified understanding of the important economic/financial events across the country] When will Sputnik Vaccine be rolled out in the country? The Sputnik-V vaccine had received Emergency-Use Approval (EUA) in India in April itself. Dr. Reddy’s Laboratory launched the vaccine in May, but only as a pilot …
[‘Daily News Updates’ will provide you with a simplified understanding of the important economic/financial events across the country] Twitter appoints Resident Grievance Officer; Publishes Compliance Report In a previous edition of Daily News Updates, we dealt with the New IT Rules. Significant Social Media Intermediaries under the IT rules “have to appoint a Chief Compliance …