The Business Advisory Committee (BAC) of Parliament held a meeting to discuss the legislative business and other issues related to the ongoing Monsoon Session. The BAC consists of 15 members including the Speaker who is the ex-officio Chairperson. The members are nominated by the Speaker. Daily Current Affairs Quiz 2020 Key-Points In practice, a new… Read More »
Rajya Sabha passed the Insolvency and Bankruptcy Code (2nd Amendment) Bill, thereby temporarily suspending initiation of Corporate Insolvency Resolution Process. Daily Current Affairs Quiz 2020 Key-Points It amends the Insolvency and Bankruptcy Code, 2016. The Bill seeks to temporarily suspend initiation of the corporate insolvency resolution process (CIRP) under the Code. When a default occurs,… Read More »
Lok Sabha passed a taxation bill that seeks to provide various reliefs in terms of compliance requirements for taxpayers amid the coronavirus pandemic. The reliefs include extending deadlines for filing returns and for linking PAN and Aadhaar. Daily Current Affairs Quiz 2020 Key-Points The Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Bill,… Read More »
The Lok Sabha passed the Companies Act (Amendment) Bill, 2020, which decriminalises a number of technical and filing-related corporate offences. It also allows direct listing of Indian companies on foreign stock exchanges and revokes the criminal provisions added to the Companies Act for violations of provisions of corporate social responsibility rules. Daily Current Affairs Quiz… Read More »
Lok Sabha passed the Essential Commodities (Amendment) Bill, 2020 which seeks to deregulate food items, including cereals, pulses and onion, a move aimed at transforming the farm sector and raising farmers’ income. Daily Current Affairs Quiz 2020 Key-Points The Bill seeks to amend the Essential Commodities Act, 1955 and empowers the central government in terms… Read More »
Lok Sabha has passed a bill to reduce for one year the salaries of MPs by 30 per cent “to meet the exigencies arising out of Covid-19 pandemic”. The Salary, Allowances and Pension of Members of Parliament (Amendment) Bill, 2020 was introduced in the Lower House. Daily Current Affairs Quiz 2020 Key-Points The Bill will… Read More »
The Rajya Sabha passed the Institute of Teaching and Research in Ayurveda Bill, 2020. This paves the way for the establishment of a state-of-the-art Ayurvedic institution called the Institute of Teaching and Research in Ayurveda (ITRA) at Jamnagar, Gujarat, and conferment of the status of Institution of National Importance (INI) to it, the Ministry of… Read More »
The Rajya Sabha passed the Aircraft (Amendment) Bill 2020, which was tabled by civil aviation minister Hardeep Singh Puri, on the upper house of the parliament. Daily Current Affairs Quiz 2020 Key-Points It seeks to amend the Aircraft Act, 1934. It has provisions to convert three existing bodies under the Ministry of Civil Aviation into… Read More »
Power Ministry has drafted rules providing for Rights of Electricity Consumers for the First Time. According to the draft, State Electricity Regulatory Commissions, SERCs will fix average number and duration of outages per Electricity consumer per year for DISCOMs. Daily Current Affairs Quiz 2020 Key-Points Only two documents will be required for connection up to… Read More »
Parliament has passed the National Commission for Homoeopathy Bill, 2020 and the National Commission for Indian System of Medicine Bill, 2020 with the Lok Sabha approving them. Daily Current Affairs Quiz 2020 Key-Points The National Commission for Homoeopathy Bill, 2020 seeks to repeal the Homoeopathy Central Council Act, 1973 and to set up a National… Read More »