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DIPP Comes Out With Draft Patent Rules

NEW DELHI, DECEMBER 11: In order to fast-track the examination of patent applications, particularly for startups, the Ministry of Commerce and Industry has floated a new draft to amend the existing Patent Rules, 2003. The department of industrial policy and promotion (DIPP) in its notification has suggested amendment in the rules …

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Merely Producing Evidence Of Sale Of Shares Insufficient To Prove Money Laundering: ITAT

Mumbai, December 7: The Mumbai bench of the Income Tax Appellate Tribunal (ITAT), quashing one of the first order issued by the Tax Department, held that merely producing evidence of purchase and sale of shares was insufficient to prove the allegations of Money Laundering. In a twenty-page verdict, the tribunal …

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SC Quashes CCI’s Plea To Probe Jio’s Cartelisation Allegation

New Delhi, December 5: In a major relief to Vodafone Idea and Bharti Airtel, the Supreme Court today dismissed the Competition Commission of India’s (CCI) plea to allow it to probe the allegations made by Reliance Jio Infocomm Ltd of cartelization against its rival telecom companies. Reliance in 2016 approached the …

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SEBI Issues New Norms On Settlement Mechanism

Mumbai, December 5: In order to make the settlement rules more attractive to help fast-track pending cases, the market regulator, Secrutiy exchange board of India (SEBI), has issued new norms including a confidentiality clause for the approvers. However, it has notified that it will not settle cases of defaulters and …

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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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