The competition commission of India (CCI) on Friday froze its approval given in November 2019 to Amazon’s investment in a future group units.
The Approval was froze on the grounds that the US E-commerce company had suppressed the scope and full details of its investment while seeking regulatory approval.
The antitrust regulator also imposed a penalty of 200 crore rupees on Amazon for failing to notify the details of its combination, as required in law.
# Steel plant in odisha
The Odisha government on Friday approved Arcellormittal Nipon steel’s proposal to set up a 24 million tonne per annum integrated steel plant in Mahakalpara block of Kendrapara district at an estimated investment of 1.02 lakh crore.
This would be the largest project in the country’s manufacturing sector.
On completion, the steel and cement facilities would both be India’s largest single location Greenfield projects.
# oil and gas fields
India has offered 8 oil and gas blocks, mostly in Assam, for bidding in the latest bid round with a view to bringing more area under exploration, so as to increase domestic production and reduce imports.
Right blocks have been offered in the seventh bid round of open Acreage licensing policy (OALP), with bids due on February 15.
# Habeas corpus plea
A total of 52 petitions related to ‘habeas corpus” pleas are pending in the supreme court as on December 13, said law minister Kiren rijiju in Loksabha.
A habeas corpus is a writ used to challenge the unlawful detention or imprisonment of a person and protects fundamental rights.
# FCRA license
The Union ministry of hone affairs has cancelled the FCRA registration of a Vadodra based NGO that was accused by the Gujarat police of illegally converting members of the Hindu community, funding anti CAA protests etc.
The registration of two other Christian NGOs – the new hope foundation, based in Tamil Nadu and Holy Spirit ministries from Karnataka were also cancelled.