NPPA Caps Trade Margin For Six Essential Medical Devices

FROM 709% TO 70% - NPPA CAPS THE TRADE MARGIN FOR OXYGEN CONCENTRATOR, PULSE OXIMETER, BLOOD PRESSURE MONITORING MACHINE, NEBULIZER, DIGITAL THERMOMETER AND GLUCOMETER WITH AN AIM TO MAKE THESE MEDICAL DEVICES AFFORDABLE DURING THE EVOLVING SITUATION OF THE COVID PANDEMIC. The National Pharmaceuticals Pricing Authority (NPPA) invoked its extraordinary powers under Paragraph 19 of the Drugs (Prices Control) Order, 2013 (DPCO), to put a cap on the trade margin of the following medical ...

RBI's Guidelines For Digital Payment Companies – An Analysis

INTRODUCTIONIndia has always been inclined towards cash transactions. With the increase in usage of mobile phones and the accessibility of the internet, the digital payments system in India has witnessed exponential growth. The Government of India has been taking various steps/initiatives to change the mode of funds transfer in the country, aiming to create a Digital India. Most of these steps have been initiated by the government since the announcement of demonetization in India in...

Quia Timet Action – Meaning And Judicial Developments Regarding Its Scope

Over the past few months, there have been a number of suits which have been described as quia timet actions before the Madras High Court. Quia timet in Latin means "because he fears or apprehends".[i] In the cases of Cadila Vs. Morepen[ii] and Sun Pharmaceuticals Vs. Cipla Limited[iii], the Madras High Court has passed orders of interim injunction restraining the Defendant's from launching their products into the market. Thus, reinforcing the doctrine of quia timet and adding emphasis on...

When Savior Becomes The Abuser

"If I find the constitution being misused, I shall be the first to burn it." By saying this, the father of Indian constitution Baba saheb Dr. Bhim Rao Ambedkar assured each and every citizen of India that their fundamental rights, guaranteed by the constitution embodied in Part III, will not be violated and misused by any one in any manner. India, being the largest democracy, has a document called the Indian constitution, which ties the government to one end and its citizens to the other...

E-commerce Rules Amendments: Adding Or Stripping Away The Competition Jurisdiction?

The Government of India recently published certain proposed amendments ("Amendment Rules") to the Consumer Protection (E-Commerce) Rules, 2020 ("Rules") seeking public comments and suggestions. In this piece, we analyse some questions the Amendment Rules present from a competition law perspective. The Amendment Rules seem to further tighten the noose on e-commerce entities and incorporate several demands of offline traders and sellers on the e-commerce platforms who have been engaged in...

Claim Of Refund Of Advance Payment- Whether An 'Operational Debt' Under The Insolvency & Bankruptcy Code, 2016

CLAIM OF REFUND OF ADVANCE PAYMENTWHETHER AN 'OPERATIONAL DEBT' UNDER THE INSOLVENCY & BANKRUPTCY CODE, 2016 Introduction Ever since the Insolvency and Bankruptcy Code, 2016 ("the Code") has come into effect, many vexed questions of law regarding the interpretation of various provisions of the Code have arisen, many of which have come to be settled by orders passed by the National Company Law Tribunals ("NCLT"), the National Company Law Appellate Tribunal ("NCLAT") as well as...

Divided By Borders, United By Desire To Decrypt

Divided by Borders, United by Desire to Decrypt India claims to follow suit of leading nations – introduces law that compels decryption by social media intermediaries On 25 February 2021, the Government of India notified the Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Rules, 2021[1]. These Rules replace the Information Technology (Intermediaries Guidelines) Rules, 2011. While the 2011 rules were applicable only to intermediaries, the 2021...

Model Tenancy Act, 2021 – A New "Lease" Of Life For Landlords And Tenants

Model Tenancy Act, 2021 – a new "lease" of life for landlords and tenants For several decades, residential and commercial leasing operations in India have been governed by archaic State/Union territories (UTs) tenancy laws. The broad objective of these laws are to protect tenants from unfair eviction and resolve disputes between landlords and tenants. A serious drawback is that most of these laws favour the tenants, are obsolete and have not evolved with times. This has discouraged...

Karnataka High Court's Dismissal of Amazon and Flipkart's Petitions: An Opportunity Missed?

The Karnataka High Court has, on June 11, 2021[1], dismissed the writ petitions filed by Amazon Seller Services Private Limited ("Amazon") and Flipkart Internet Private Limited ("Flipkart") challenging the Competition Commission of India's (the "CCI") order issued under Section 26(1) of the Competition Act, 2002 (the "Competition Act") on January 13, 2020, directing the Director General (the "DG") to investigate certain alleged anti-competitive practices. While the Karnataka High...

Distinguishing Yourself As An Informed Investor From A Naive Investor: Financial Markets And Regulatory Awareness

An Informed Investor is often termed as a "protected" investor; a person who may claim to have an adequate understanding of the market dynamics, strategies, risks, structuring, suitability, etc. prior to investing in financial markets. An Informed Investor claims to have a good understanding of financial products such as securities, bonds, funds, currencies, commodities, deposits, and the unlimited range of financial products traded on various exchanges or platforms across ...

OTT + News ≠ Digital Media

The Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Rules, 2021 ("New Rules") came into force on 25 February 2021, superseeding the Information Technology (Intermediary Guidelines) Rules, 2011 ("Previous Rules") framed under the Information Technology Act, 2000 ("Act"). As the name of the New Rules suggest, it regulates intermediaries and the digital media industry. In this article, we focus on the broad framework for regulation of the digital media ...

Legal Implications And Accountability Qua Artificial Intelligence And Big Data Trends

Artificial intelligence has emerged as a latest trend in the consortium of society and technology. AI is the decision-making ability to mimic human intelligence which involves processing of big data (large amount of data) through algorithms, that are provided data inputs on the basis of which this development of intuitive learning is made possible. Thus, Big Data and Machine learning in the current scenario are very closely interrelated. India has diverse and large amounts of data...