The Government has initiated formulation of laws to secure prudential banking and help effect a culture of credit discipline, including, inter alia, in terms of the following:- Insolvency and Bankruptcy Code, 2016 (IBC) has been enacted to create a unified framework for resolving insolvency and bankruptcy matters. IBC, ..
Reserve Bank of India (RBI) vide its guidelines issued on 6.4.2018 on ‘Cash Management activities of the banks - Standards for engaging the Service Provider and its sub-contractor’, advised banks to put in place certain minimum standards in their arrangements with the service providers for cash management related activities. The guidelines, inter a..
What is happening in West UP? Who is safe in West UP when police officers are themselves not safe here and can be murdered so openly and brazenly as we saw for ourselves just recently in Bulnadshahr? Why is no one really bothered to address the core issue? Why the litigants of West UP are compelled to travel more than 700 km on an average all the way to Allahabad to a..
Instructions provide for appointment of Liaison Officers in each Ministry/Department to ensure effective implementation of the reservation policy for Scheduled Castes (SCs)/Scheduled Tribes (STs) and for Other Backward Classes (OBCs). Instructions also provide to set up a Special Reservation Cell within the Ministry/Department to assist the Liaison Officer in discha..
The Whistle Blowers Protection Act, 2011 (No. 17 of 2014) has been notified on 12th May, 2014. In terms of section 1(3) of the Act, the provisions of the Act shall come into force only on such date, as the Central Government may notify. The said Act requires some amendments aimed at safeguarding against disclos..
The Central Government has not enacted any separate law to protect the interest of domestic workers. A draft National Policy on domestic workers is under consideration of the Central Government. However the central Government has enacted the Unorganized Workers’ Social Security Act, 2008 for providing social security to all unorganized workers including ..
The Government has invited suggestions from the public or stakeholders regarding the draft Space Activities Bill, 2017. The objective of the Space Bill is to facilitate the overall growth of the space activities in India with higher order of participation of public/ non-governmental/ private sector stakeholders. p sty..
The complete procedure of trial before Debt Recovery Tribunal is described in Sec 19 Of Recovery of Dues and Bankruptcy Act 1994(Formerly known as RDDB Act). This procedure applies to the application filed by debtor under Sec 17 of the SARFSAESI Act 2004 Making Application st..
Decision The Union Cabinet in its Meeting on 6th December, 2018 has approved the following proposal for streamlining the National Pension System (NPS). Enhancement of the mandatory contribution by the Central Government for it..
Good governance is possible only through active involvement of civil society: Kerala Governor Justice (Retd.) P. Sathasivam Regional Conference on Good Governance begins in Thiruvananthapuram Kerala Governor Justice (Retd.) P. Sathasivam has said that the ..
The times have gone when there were just a few options for financial investments. It’s the 21st century and when you actually step into the world of finance; you will find that the market is filled with numerous options. Even the selected plans are categorized further suiting the demands of the customers. While all these opti..
The hearing in the petition relating to NRI voting rights to January was adjourned by the Supreme Court The Bill to amend the Representation of People’s Act, 1951 is likely to come up before the Rajya Sabha in the Winter Session of the Parliament as told to the bench of Justices Madan Lokur & Deepak Gupta. p s..
The President Shri Ram Nath Kovind led the nation in paying homage to Bharat Ratna Baba Saheb Dr. B.R. Ambedkar on his 63rd Mahaparinirvan Diwas here today. He offered floral tribute at the statue of Baba Saheb at Sansad Bhavan Lawns in the Parliament House complex this morning. The Vice President Shri M. Venkaiah Naidu, the Pr..
Recruitment of Around 5200 Various Posts in ESIC Under Way The ESI Corporation during its 176th meeting held on 05.12.18 under the Chairmanship of Shri Santosh Kumar Gangwar, Minister of State for Labour & Employment (I/C) has taken some very important decisions towards impr..
The Supreme Court has given the Income Tax Department the permission to reopen the assessment for the financial year 2011-12 for senior Indian National Congress leaders Smt Sonia Gandhi, Shri Rahul Gandhi & Shri Oscar Fernandes. The Court, however, clarified that the said assessment cannot be given effect to and no orders c..
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