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The high inflation due to rise in prices of mineral oils, basic metals, chemicals, food and non-food products

Index Numbers of Wholesale Price in India for the Month of May, 2022(Base Year: 2011-12)

News of Auction: Government of India has announced sale of Government security and Government of India Floating rate bond. To find the details regarding the auction, Please read the news published by the Department of Economic Affairs under the Ministry of Finance.

Inflation rate has remained above RBI’s Upper tolerance level of 6% for the Fifth consecutive month reaching the height of overall Inflation rate at 7.04% (Combined Rural and Urban) based on CPI and Inflation rate at 7.97% for Food & Beverages ( Combined Rural and Urban ) Based on Consumer Food Price Index (CFPI).

To have a broad understanding about the situation of Inflation rate during the month of May 2022, please read the news published by MOSPI.

Online betting ads on online and social media not to target Indian audience ‘Betting poses significant financial, socio-economic risk for consumers’

Ministry of Information and Broadcasting has today issued an advisory to print, electronic and digital media to refrain from advertising online betting platforms. The advisory comes in light of instances of a number of advertisements of online betting websites/platforms appearing in print, electronic, social and online media.

Betting and gambling, illegal in most parts of the country, pose significant financial and socio-economic risk for the consumers, especially youth and children, the advisory states. It has further added that these advertisements on online betting have the effect of promoting this largely prohibited activity. “The advertisements of online betting are misleading, and do not appear to be in strict conformity with the Consumer Protection Act 2019, Advertising Code under the Cable Television Networks Regulation Act, 1995, and advertisement norms under the Norms of Journalistic Conduct laid down by the Press Council of India under the Press Council Act, 1978”, it has stated.

The advisory has been issued in larger public interest, and it has advised the print and electronic media to refrain from publishing advertisements of online betting platforms. It has also advised the online and social media, including the online advertisement intermediaries and publishers, to not display such advertisements in India or target such advertisements towards the Indian audience.

On 4th December, 2020, the Ministry of Information & Broadcasting had issued an advisory to Private Satellite TV channels to adhere to the Advertising Standards Council of India (ASCI) guidelines on advertisements of online gaming which contained specific Do’s and Dont’s for print and audio-visual advertisements of online gaming.

The detailed advisory can be read at the below link:

E-commerce FBOs directed to transparently show the breakup of all charges included in the order amount such as delivery charges, packaging charges, taxes, surge pricing etc

E-commerce FBOs advised to allow consumers the choice to share their contact information with the restaurants, only if the consumers approve

A person can be held accountable only for the accidents that take place on his premises and where his participation and role is fully established as an Occupier or Manager – Punjab & Haryana High Court

Order attached

GST does not apply to the services rendered abroad as they amount to the export of services – Bombay High Court

Copy of the Judgement

Several preemptive provisions have been laid down on advertisements targeting children.

The guidelines forbid advertisements from exaggerating the features of product or service in such manner as to lead children to have unrealistic expectations of such product or service and claim any health or nutritional claims or benefits without being adequately and scientifically substantiated by a recognized body.

Advertisements targeting children shall not feature any personalities from the field of sports, music or cinema for products which under any law requires a health warning for such advertisement or cannot be purchased by children.

Copy of the notification is attached

G.S.R. 439(E)-The Companies (Appointment and Qualification of Directors) Second Amendment Rules, 2022.
(1) These rules may be called the Companies (Appointment and Qualification of Directors) Second Amendment, Rules, 2022.
In the Companies (Appointment and Qualification of Directors) Rules, 2014, in rule 6, after sub-rule (4), the following sub-rule shall be inserted, namely:-
“(5) Any individual whose name has been removed from the databank under sub-rule (4), may apply for restoration of his name on payment of fees of one thousand rupees and the institute shall allow such restoration subject to the following conditions, namely :-
(i) his name shall be shown in a separate restored category for a period of one year from the date of restoration within which, he shall be required to pass the online proficiency self-assessment test and thereafter his name shall be included in the databank, only, if he passes the said online proficiency self-assessment test and in such case, the fees paid by him at the time of initial registration shall continue to be valid for the period for which the same was initially paid; and
(ii) in case he fails to pass the online proficiency self-assessment test within one year from the date of restoration, his name shall be removed from the data bank and he shall be required to apply afresh under sub-rule (1) for inclusion of his name in the databank.

Notification Attached