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Monthly Archives: November 2018

National Pharmaceutical Pricing Authority: Analysis and Suggestions

To bring about a greater degree of transparency and objectivity to the pharmaceutical industry, the Government of India in 1997 constituted an advisory body – National Pharmaceutical Pricing Authority (NPPA), entrusted with the power to fix prices of bulk drugs and formulations. Most people in India buy healthcare from the …

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Serious Fraud Investigation Office (SFIO): Analysis & Suggestions

The Indian Government set up a committee on corporate governance under the chairmanship of Naresh Chandra, former Cabinet secretary. Based on the recommendations of the committee, the Central Government issued a resolution on 2 July 2003 constituting the Serious Fraud Investigation Office (“SFIO”), which works under the MCA. SFIO was …

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Is Section 34(5) Of The Arbitration Act Mandatory Or Directory: Supreme Court Interpretation

BACKGROUND This instant appeal arose out of an arbitral award passed on 06.01.2016. The award debtor in the instant case, (“Appellant”) challenged the said award by filing an application under Section 34 of the Arbitration and Conciliation Act, 2015 (“Act”) before Patna High Court. The Court issued a notice to …

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Dieselgate Scam: NGT Slaps Volkswagen With Rs 1 Bn For Flouting Emission Norms

NEW DELHI: Nearly four years after the Volkswagen’s emission-cheating scam came to the fore, a bench headed by National Green Tribunal (NGT) Chairperson Justice Adarsh Kumar Goel has asked the German car-making company’s India unit to deposit 1 billion rupees with the Central Pollution Control Board (CPCB) for not complying …

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Amazon Under Scrutiny for Violating Anti-Trust Laws

American Tech giant, Amazon, is now under the scrutiny of the European Union Competition Commission for allegedly violating Anti-trust laws.  Last week, the governing body announced that it will commence the investigation into the matter pertaining to storage and use of internal data by the tech giant and whether it is …

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Six North Eastern States Agree To Implement RERA

Two years after the Real Estate (Regulation and Development) Act was enacted by the parliament, six North-Eastern states have agreed to implement RERA in their respective states. This Act gives powers to all the states to notify their own rules for the real estate and appoint regulatory authorities. Arunachal Pradesh, …

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ED To Look Into FDI Violation by E-Commerce Websites

The Enforcement Directorate (ED) has started an inquiry into the alleged violation of Foreign Direct Investment (FDI) norms by two major players in the e-commerce arena, Flipkart and Amazon, under the Foreign Exchange Management Act (FEMA),1999. This case is scheduled to be heard on 19 November. On a PIL filed by …

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China’s ICBC Bank Sets Up $200 MN To Invest In Start-Ups and MSME

New Delhi, 15 Nov: The Indian subsidiary of Chinese multinational banking company, Industrial and Commercial Bank of China (ICBC), has set aside $200 USD for investing in the promising Indian micro, small and medium enterprises, and ventures. Furthering Government of India’s agenda of fostering innovation and entrepreneurship among Indian youth, Embassy of …

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All You Need To Know About The National Digital Communications Policy-2018

Union Cabinet chaired by Prime Minister Narendra Modi has approved National Digital Communications Policy-2018 (NDCP 2018). The government has also renamed the Telecom Commission which is the supreme decision-making body at the Department of Telecommunications (DoT) as the Digital Communications. Digital infrastructure and services are increasingly emerging as key enablers and …

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