The Ministry of Information and Broadcasting (MIB) issued an advisory on 13 June 2022 to print media, private satellite television channels, and digital media to refrain from advertising online betting platforms / websites (Advisory).
The Department of Telecommunications (DoT) recently added a new service authorisation, namely ‘Audio Conferencing / Audiotex / Voice Mail Services’ (New Authorisation) in the Unified License (UL).
The Hon’ble Supreme Court of India (Supreme Court) has recently passed an order dated 10 January 2022 (SC Order) in Suo Moto Writ Petition (Civil) No 3/2020 (SC Matter) restoring its earlier order dated 23 March 2020 (Earlier SC Order) till 28 February 2022. The SC Order has also granted additional 90 days for such deadlines which expires between 15 March 2020 and 28 February 2022. Consequently, the deadlines for various acts/proceedings, filing of any reply/document, payment of fees, etc.
Since its introduction in 2017, the Indian GST regime has gone through several rounds of amendments. Another set of far-reaching amendments will come into force with effect from January 1, 2022. Some of these changes flow from the amendments to the Central Goods and Services Tax Act, 2017 (“CGST Act”) which were introduced vide the Finance Act, 2021 (“Finance Act”) but brought into effect only from 1 January 2022 through Notification no. 39/2021-Central Tax dated 21 December 2021 (“Notification No. 39 / 2021”).
In its recent ruling in the case of Deepak Kumar Radheshyam Khurana and Others v Mumbai Port Trust and Another [Writ Petition (L) Number 17132 of 2021], the Bombay High Court (Court) ruled in favour of the Mumbai Port Trust (MPT) (the employer in this case) requiring and observing a higher degree of checking and monitoring in the case of employees who have not been vaccinated.
With the imminent discontinuation of the publication of the London Interbank Offered Rate (LIBOR) by the end of 2021 for most currencies, the Reserve Bank of India (RBI) by its circular dated 8 December 2021 (Circular) amended the RBI’s Master Direction - External Commercial Borrowings, Trade Credits and Structured Obligations dated 26 March 2019 (ECB Master Directions) to provide for a risk free benchmark rate as an alternative to the LIBOR (which has been used since inception for majority foreign currency borrowings).
