The Union Cabinet has approved the introduction of the Chit Funds (Amendment) Bill,2019 in Parliament.The bill seeks to amend the Chit Fund Act,1982. The 1982 Act regulates chit funds and prohibits a fund from being created without the prior sanction of the state government. Under a chit fund,people agree to pay a certain amount from… Continue reading Cabinet nod for revised Chit Funds Bill
Author: ForumIAS
22nd National Conference on e-Governance 2019 to be held at Shillong on 8-9, 2019
The 22nd National Conference on e-Governance,2019 will be held in Shillong,Meghalaya. This is the first time the event is being organized in North-Eastern region of the country. The event will be organized by the Department of Administrative Reforms & Public Grievances(DARPG) in association with Ministry of Electronics & Information Technology(MeitY). The theme of this Conference… Continue reading 22nd National Conference on e-Governance 2019 to be held at Shillong on 8-9, 2019
Inclusion of Nepali and Santhali languages in the Scheme for grant of Senior/Junior Fellowships of Culture Ministry
Union Minister for Culture has announced the inclusion of Nepali and Santhali languages in the Scheme for grant of Senior/Junior Fellowships of Culture Ministry. These two remaining languages from the 8th Schedule of the Indian Constitution were included in the Sub-Field of category“Literature” in the scheme. The Ministry of Culture administers a scheme component namely… Continue reading Inclusion of Nepali and Santhali languages in the Scheme for grant of Senior/Junior Fellowships of Culture Ministry
New Delhi may not join interim arrangement to replace appellate body at WTO
India is unlikely to strike bilateral deals with World Trade Organization (WTO) members such as the European Union (EU) and Canada. The deal aims to work out an interim arrangement to preserve the dispute settlement function of the multilateral body by agreeing to set up arbitration panels to resolve disputes. The Appellate body considered the… Continue reading New Delhi may not join interim arrangement to replace appellate body at WTO
Cabinet approves increasing strength of Supreme Court judges from 31 to 34
The Union Cabinet has approved the proposal to introduce a bill to increase the number of judges in Supreme Court from 31 to 34. This decision of the Cabinet came days after Chief Justice of India had written to Prime Minister to increase the number of judges in the top court. CJI had written that… Continue reading Cabinet approves increasing strength of Supreme Court judges from 31 to 34
Bill for 10% quota to J&K economically weaker sections approved
The Union Cabinet has approved the Jammu and Kashmir Reservation (Second Amendment) Bill, 2019. The bill provides up to 10% reservation for the Economically Weaker Sections(EWS) in educational institutions and public employment alongside existing reservations in the state. The 10% quota Bill to economically weaker sections was introduced through the 103rd Constitution Amendment in January,2019.… Continue reading Bill for 10% quota to J&K economically weaker sections approved
Start-ups, SMEs write to govt. on equalisation levy
Recently,Domestic Small and medium enterprises(SMEs) and start-ups have written to Revenue Secretary.They have complained about the equalisation levy they have to pay to foreign companies for doing business in India. They have said that this has resulted in increased costs as well as loss of revenue to the government. The equalisation levy was introduced in… Continue reading Start-ups, SMEs write to govt. on equalisation levy
U.S. Fed cuts interest rate for first time since 2008
The United States Federal Reserve has announced that it would cut the interest rates for the first time since a decade. Fed Chairman cited global weakness, simmering trade tensions and a desire to boost too-low inflation as the reasons for the central bank’s decision to cut the interest rates. This rate reduction was the first… Continue reading U.S. Fed cuts interest rate for first time since 2008
‘India and U.S. very close to resolving all trade issues’
India’s Commerce Minister is planning to meet the U.S. Trade Representative.They will hold talks to resolve the differences over trade and investment. However,government officials have said that almost all issues have been resolved between the two countries.But the core area of disagreement which is market access is also close to being resolved. The Indian government… Continue reading ‘India and U.S. very close to resolving all trade issues’
OBC sub-categorisation panel gets extension for 6 more months
The Union Cabinet has approved the extension of the term of the Other Backward Classes(OBCs) panel headed by Justice (Retd) G. Rohini. The panel was formed to review the creamy layer criteria for OBCs set by the Prasad Committee in 1993. The committee is supposed to work out a mechanism,criteria,norms and parameters for the sub-categorisation… Continue reading OBC sub-categorisation panel gets extension for 6 more months
