Recently, the Rajya Sabha cleared the National Bank for Financing Infrastructure and Development (NBFID) Bill, 2021. The Bill seeks to establish the National Bank for Financing Infrastructure and Development (NBFID) as the principal Development Financial Institution (DFIs) for infrastructure financing. NBFID was announced in the Budget 2021. Development Financial Institution …
Read More »Monthly Archives: March 2021
Consumer Protection (E-Commerce) Rules, 2020
The Consumer Protection (E-commerce) Rules, 2020 are mandatory and are not advisories. Apply to all e-commerce retailers, whether registered in India or abroad, offering goods and services to Indian consumers. E-commerce entities need to appoint a nodal person, resident in India to ensure compliance with the provisions of the act …
Read More »Recommendations to Amend the Consumer Protection (E-Commerce) Rules, 2020
Recently, a parliamentary panel on the Consumer Protection (E-Commerce) Rules, 2020 has recommended that the government should amend the rules to provide better protection to consumers rights and stop unfair practices. Electronic commerce or e-commerce is a business model that lets firms and individuals buy and sell things over the …
Read More »Helium Crisis for India
India imports helium for its needs, and with the USA appearing set to cut off exports of helium since 2021, Indian industry stands to lose out heavily. The Federal Helium Reserve which is the major helium reserve of the USA is set to close down production in 2021, and scientists …
Read More »India: Transforming to a Net-Zero Emissions Energy System
Recently, The Energy and Resources Institute (TERI) and Shell have released a report titled “India: Transforming to a Net-Zero Emissions Energy System”. It illustrates a pathway to steer the domestic energy system towards net-zero emissions by 2050, while achieving India’s sustainable economic development ambitions. Important points: Possible yet Challenging: India …
Read More »Electoral Bonds
The Supreme Court flagged the possibility of misuse of money received by political parties through electoral bonds for ulterior objects like funding terror or violent protests. The court also asked the government whether there is any “control” over how these donations were used by political parties. Electoral Bond Electoral Bond …
Read More »JAL JEEVAN MISSION: ADDRESSING THE PROBLEM OF WATER CONTAMINATION
Minister of State for Jal Shakti informed the parliament about the status of water contaminated habitations in India. Minister informed that the Government started a National Water Quality Sub Mission (NWQSM) in the year 2017 specifically aimed at 27,544 habitations affected by Arsenic and Fluoride. Till date, all such habitations …
Read More »Ayush Ministry Sets up Interdisciplinary Team of Experts to Explore the Potential of Yoga as a Productivity Enhancing Tool for the Population
Yoga, it is widely accepted, is a boon to the individual who seeks health, wellbeing and personal growth. Can this rewarding pursuit be deployed as a productivity boosting tool at the workplace? Can its wider adoption have positive implications on the systematic growth and development of the economy, and hence …
Read More »Dfi Is Required for the Next 25 Years of Growth: Minister
The Rajya Sabha recently cleared the legislation to establish the National Bank for Financing Infrastructure and Development (NBFID), which was announced in the Budget speech by Finance Minister as the principal development financial institution (DFIs) for infrastructure financing. Opposition members argued unsuccessfully for sending the Bill to a select committee, …
Read More »IN SIGNAL TO CHINA, U.S. RAISED INDIA TIES DURING ALASKA TALKS
The Joe Biden administration highlighted the strength of U.S.-India ties in its recent meeting with Chinese officials in Alaska, underlining how it has increasingly come to view India as central to its broader objectives in dealing with China in the Indo-Pacific region. The reference to India, it is learnt, was …
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