GS-III

15th Finance panel term extended till Nov. 30

To ensure funding needs of Defence The Union Cabinet has approved expanding the terms of reference of the Fifteenth Finance Commission to address the funding requirements for defence and internal security as also extending its term to November 30, 2019. “The Union Cabinet has approved the proposed amendment to enable …

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Cabinet okays amendments to bankruptcy code

Stress on time-bound resolution, financial creditors’ voting The Union Cabinet on Wednesday approved amendments to the Insolvency and Bankruptcy Code, placing a greater emphasis on more time-bound resolution and laying down voting rules of the financial creditors. “The Union Cabinet today approved the proposal to carry out seven amendments to …

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RBI reserves: panel for transfer in tranches

Jalan committee report expected within the next fortnight; consensus on decision unlikely The Bimal Jalan Committee on treatment of Reserve Bank of India’s reserves is likely to recommend a transfer of a specified quantum of RBI reserves to the government over two or three tranches over the next few years, …

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No phones, inter-caste marriages for Thakor girls

Stipulates stringent fines if parents do not follow the directives, says education is more important In a regressive step, Gujarat’s Thakor community unanimously passed a fiat directing parents to discourage their daughters from having mobile phones and inter-caste marriages. If found with phones, the parents can be fined up to …

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AIIMS, JIPMER will also come under NEET

Cabinet nod for National Medical Commission Bill The National Medical Commission (NMC) Bill, proposed to be introduced in the current session of Parliament, proposes to replace the Medical Council of India with the National Medical Commission to over see medical education in the country. Under the Bill, the National Medical …

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‘Samjhauta blast case lacked proof’

Shah defends not filing appeal Union Home Minister Amit Shah on Wednesday defended the decision not to file an appeal against the acquittals in the 2007 Samjhauta Express blast case, stating that the chargesheets filed under the UPA regime did not have any substantial proof. Replying to a debate in …

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‘Open to improving Fasal Bima Yojana’

Agriculture Minister tells Lok Sabha Promising to create a new breed of “smart farmers by introducing smart farming”, Agriculture Minister Narendra Singh Tomar on Wednesday told the Lok Sabha that the government was open to improving its welfare schemes, including the Pradhan Mantri Fasal Bima Yojana (PMFBY) for crop insurance. …

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Green light for 3 railway projects

Rail lines to boost rail connectivity in U.P., Assam The Cabinet Committee on Economic Affairs on Wednesday approved three new railway projects, with a combined investment of over Rs. 6,000 crore, giving a boost to rail connectivity in Uttar Pradesh and Assam. The three projects — an 81.17 km new …

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LS clears Appropriation Bill

Allows govt. to borrow Rs. 98.18 lakh crore for 2019-20 The Lok Sabha on Wednesday passed the Appropriation (No.2) Bill-2019 allowing the Union government to withdraw Rs. 98.18 lakh crore from the Consolidated Fund of India to meet its expenditure during 2019-20. The Bill, moved by Finance Minister Nirmala Sitharaman, …

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All illegal immigrants will be deported: Shah

Says govt. will identify infiltrators Answering a question on the National Register of Citizens (NRC), Home Minister Amit Shah told the Rajya Sabha on Wednesday that his government will ensure that all the illegal immigrants are identified and deported. Mr. Shah was replying in the Rajya Sabha to a supplementary …

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‘Auto sector to face a volatile year’

Industry will witness many landmark disruptions, says MRF Tyre major MRF Ltd. expects the current year to be a tumultuous one for the auto sector on account of various regulatory changes and the switch over to BS-VI norms. “The next six months would see a volatile auto sector on account …

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Rajya Sabha clears Bill on airport tariffs

Amendment restricts AAI from fixing tariffs for private airports The Rajya Sabha on Tuesday passed a Bill to amend the Airports Economic Regulatory Authority of India Act, 2008, whereby the Airports Authority would not determine tariff structures in the case of privatised airports as that was part of the bid …

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Central Universities Bill cleared

The Rajya Sabha on Tuesday passed the Central Universities (Amendment) Bill, 2019, for establishing a Central University and Tribal University in Andhra Pradesh. HRD Minister Ramesh Pokhriyal “Nishank” assured the House that the universities would be set up in the next four years. The Lok Sabha had cleared the Bill …

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