lipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/government-asks-public-sector-banks-to-adopt-non-coercive-strategy-for-education-loans-recovery/articleshow/82111511.cms Synopsis–The non-performing asset (NPA) level in education loans had increased to 9.55% by December 2020, up from 7.61% in March the same year.
Category: Legal
Amazon tells Indian court – Reuters story is no reason to resume antitrust probe – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/services/retail/amazon-tells-indian-court-reuters-story-is-no-reason-to-resume-antitrust-probe/articleshow/82089332.cmsSynopsis The Reuters report showed the U.S. firm gave preferential treatment to a small group of sellers on its platform, sidestepping foreign investment rules
Open banking may potentially pose significant risks: RBI Dy Guv Rao – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/open-banking-may-potentially-pose-significant-risks-rbi-dy-guv-rao/article34338863.ece It is the sharing and leveraging of customer-permissioned data by banks with third-party developers and firms to build applications and services. Open banking
Pre-packaged insolvency for small & medium firms | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/pre-packaged-insolvency-for-small-medium-firms-121041601390_1.html A notable feature of the ordinance is the pre-packaged process’ two-step voting structure Pre-packaged insolvency (or “pre-pack”) refers to the process by which
SC issues directions for speedy disposal of cheque bounce cases | Business Standard News
Clipped from: https://www.business-standard.com/article/current-affairs/sc-issues-directions-for-speedy-disposal-of-cheque-bounce-cases-121041601233_1.html The Supreme Court came out with a slew of directions to ensure speedy disposal of cheque bounce cases across the country Photo: Shutterstock.com
Labour law implementation might get delayed further – The Financial Express
Clipped from: https://www.financialexpress.com/industry/labour-law-implementation-might-get-delayed-further/2234699/ However, as of now, not more than half a dozen states have framed draft rules and also, while some of them have drafted
SC issues guidelines for cheque bounce cases, asks govt to amend laws – The Financial Express
Clipped from: https://www.financialexpress.com/industry/banking-finance/sc-issues-guidelines-for-cheque-bounce-cases-asks-govt-to-amend-laws/2234696/ The SC said that over the years, courts have been inundated with cheque bounce complaints which could not be decided within a reasonable
AWS launches Amazon Digital Suite to accelerate digital adoption for SMBs in India – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/aws-launches-amazon-digital-suite-to-accelerate-digital-adoption-for-smbs-in-india/articleshow/82100388.cmsSynopsis SMB spend on public cloud services is expected to contribute more than 29% of the $7.9 billion public cloud services market in India
Labour ministry notifies draft rules under Occupational Safety, Health and Working Conditions Code – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/labour-ministry-notifies-draft-rules-under-occupational-safety-health-and-working-conditions-code/articleshow/82099916.cmsSynopsis The ministry has invited suggestions on the draft Rules in the next 45 days following which the above Rules will be finalised. This
Customer privacy, data protection non-negotiable, says RBI Deputy Governor – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/customer-privacy-data-protection-non-negotiable-says-rbi-deputy-governor/articleshow/82106903.cmsSynopsis Open banking refers to sharing and leveraging of customer-permissioned data by banks with third party developers and firms to build applications and services,
Personal hearing before NPA tag: RBI, lenders move SC – The Financial Express
Clipped from: https://www.financialexpress.com/industry/banking-finance/personal-hearing-before-npa-tag-rbi-lenders-move-sc/2233953/ A bench led by Justice R F Nariman refused to stay the entire HC judgment, but stayed a part which dealt with granting
Time has come for woman CJI but female lawyers refuse judgeship due to domestic responsibilities: SC | Deccan Herald
Clipped from: https://www.deccanherald.com/national/time-has-come-for-woman-cji-but-female-lawyers-refuse-judgeship-due-to-domestic-responsibilities-sc-974559.html The court was hearing a matter related to appointment of ad-hoc judges in the High Courts to deal with huge pendency of cases
Promoter Khaitan family ready to put funds into McNally Bharat: MD – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/promoters-willing-to-infuse-funds-into-mcnally-bharat-md/articleshow/82076863.cmsSynopsis McNally Bharat is among a long list of construction companies to face the prospect of bankruptcy. However, finding buyers for such companies has
Aircel lenders, UVARCL to move Supreme Court as NCLAT bars spectrum sale – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/telecom/telecom-news/aircel-lenders-uvarcl-to-move-sc-as-nclat-bars-spectrum-sale/articleshow/82075912.cmsSynopsis The NCLAT has backed DoT’s stance that spectrum is a national asset that cannot be transferred to a third party, unless statutory dues
Religare Finvest to default on Rs 100 crore NCD payment obligation – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/religare-finvest-to-default-on-rs-100-crore-ncd-payment-obligation/articleshow/82070449.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis NBFC firm Religare Finvest Limited (RFL) had borrowed Rs 100 crore from Axis Bank by placing non-convertible debentures (NCDs) on a private placement
Archeron group to offer banking services powered by algorithms and quantum technology – The Hindu BusinessLine
https://www.thehindubusinessline.com/business-tech/archeron-group-to-offer-banking-services-powered-by-algorithms-and-quantum-technology/article34296120.ece Bengaluru-based Archeron group plans to open five banks that are run entirely by AI and quantum technologies–CLICK TO READ FURTHER
Astra security: Enterprise security at the click of a button – The Financial Express
Clipped from: https://www.financialexpress.com/industry/technology/astra-security-enterprise-security-at-the-click-of-a-button/2230268/ This Delhi-based startup looks to secure online businesses with its ready-to-use solutions, enabled by humans Shikhil Sharma, cofounder and CEO, Astra Security By
Breach of trust: Cybersecurity can make or break a brand – The Financial Express
Clipped from: https://www.financialexpress.com/industry/technology/breach-of-trust-cybersecurity-can-make-or-break-a-brand/2230277/ Findings from Infosys and Interbrand suggest that poor brand image and broken trust are added costs of poor cybersecurity Vishal Salvi, chief information
LinkedIn says user data scraped and put for sale: Report – Times of India
inkedIn says user data scraped and put for sale: Report – Times of India https://timesofindia.indiatimes.com/business/india-business/linkedin-says-user-data-scraped-and-put-for-sale-report/articleshow/81995973.cmsIndia Business News: Personal data of about 500 million LinkedIn users
The Principle Of “As Is Where Is” And “As Is What Is Basis” In Relation To Secured Assets Purchased In Public Auction Under Sarfaesi Act,2002-IndiaLaw LLP Blog–
Clipped from: https://www.indialaw.in/blog/blog/banking-and-finance/the-principle-of-as-is-where-is-and-as-is-what-is-basis-in-relation-to-secured-assets-purchased-in-public-auction-under-sarfaesi-act2002/ INTRODUCTION As the Legal frame work and mechanism for curtailing and controlling mounting Non- Performing Assets (“NPA”) has become inadequate and outdated which
aniltikotekar4sme.com 