The Reserve Financial institution of India (RBI) has slapped a financial penalty of ₹1.91 crore on Axis Financial institution and ₹1 crore on HDFC Financial institution for non-compliance with sure regulatory instructions. Within the case of Axis Financial institution, RBI mentioned the financial penalty has been imposed for non-compliance with sure instructions issued by it … Read more
The Nationwide Firm Legislation Appellate Tribunal (NCLAT) is about to renew on September 10-11 its closing listening to on Google’s attraction towards the Competitors Fee of India’s (CCI) ₹936 crore penalty. The tech large was penalised in October 2022 for allegedly abusing its dominant place via restrictive billing practices on Google Play Retailer. The CCI’s … Read more
The Central Client Safety Authority (CCPA) imposed a penalty of ₹5 lakh on on Shankar IAS Academy for deceptive commercial relating to UPSC Civil Service Examination 2022. In its advert for the UPSC Civil Service Examination 2022, Shankar IAS Academy made a number of claims together with “336 choices out of 933 at All India … Read more
The enquiry on three electrical automobile (EV) makers – Hero Electrical Automobiles Pvt Ltd., Okinawa Autotech Pvt Ltd. and Benling India Vitality and Know-how Pvt Ltd. – has discovered that they have been flouting the FAME-II norms and there’s no clear chit to them as but. In line with sources at MHI, a brand new … Read more
RBI has imposed a penalty of ₹1 crore on IDFC First Financial institution for non-compliance with sure instructions on ‘Loans and Advances – Statutory and Different Restrictions’. The Statutory Inspection for Supervisory Analysis for FY22 revealed that the financial institution had sanctioned time period loans to a public sector endeavor for financing infrastructure tasks with out endeavor due … Read more
However the stiff resistance from Huge Tech, the Centre-appointed 16-member Committee on Digital Competitors Regulation (CDCL) has advisable {that a} separate Digital Competitors Act be enacted and an ex-ante framework be launched in order to allow the Competitors Fee of India (CCI) to selectively regulate massive digital enterprises. The proposed regulation ought to complement and strengthen … Read more