The National Company Law Tribunal (NCLT) has approved the bid of Arcelor-Mittal for the takeover of debt-ridden Essar Steel. The approval comes after the National Company Law Appellate Tribunal (NCLAT) had directed NCLT to take a decision on ArcelorMittal’s offer for Essar Steel plant by 8 March,2019. Under Insolvency and Bankruptcy Code(IBC),National Company Law Tribunal… Continue reading ArcelorMittal to take over debt-ridden Essar Steel
Author: ForumIAS
Cabinet approves “FMBAP” for Flood Management Works in entire country
The Union Cabinet has approved the “Flood Management and Border Areas Programme (FMBAP)” for Flood Management Works in entire country. The Scheme “FMBAP” has been framed by merging the components of two continuing schemes which are “Flood Management Programme (FMP) and River Management Activities and Works related to Border Areas (RMBA). The aim of the… Continue reading Cabinet approves “FMBAP” for Flood Management Works in entire country
Opposition plans to take VVPAT demand to Supreme Court
Opposition parties are planning to move the Supreme Court over its demand of keeping 50% VVPATs in the counting of election results. The Opposition’s demand is for a count of 50% of the VVPAT slips,as opposed to the current system of counting VVPAT slips in one randomly selected booth of each constituency.It is aimed at… Continue reading Opposition plans to take VVPAT demand to Supreme Court
Cancer drugs 87% cheaper after trade margin cap
Government has announced that maximum retail price(MRP) of 390 non-scheduled cancer medicines have been reduced by up to 87% Earlier,National Pharmaceutical Pricing Authority (NPPA) had invoked powers under Drugs (Prices Control) Order, 2013 and brought 42 non-scheduled anti-cancer drugs under price control by capping trade margin at 30%. The trade margin is the difference between… Continue reading Cancer drugs 87% cheaper after trade margin cap
China plans new foreign investment law
China has proposed a draft bill on foreign investment to address US concerns amid the ongoing talks on trade deal with the United States. The bill addresses key concerns of foreign investors, such as (a)intellectual property rights (IPRs) protection and (b)market access (c)Technology transfer and (d)unfair competition. The draft law states that state shall protect… Continue reading China plans new foreign investment law
Taliban denies discussing ceasefire with the U.S
Taliban has denied that it has been discussing a ceasefire and reconciliation with the Afghanistan government during meeting with the US in Doha,Qatar. Taliban and US are currently focusing on four key issues that are going to decide any future agreement and the issues are (a)counterterrorism (b)troop withdrawal (c)intra-Afghan dialogue and (d)ceasefire. The two sides… Continue reading Taliban denies discussing ceasefire with the U.S
SBI links savings account, short term loan rates to repo rate
State Bank of India (SBI) has decided to link its interest rate on savings account with balance above ₹1 lakh and short-term loans to Reserve Bank of India’s (RBI) repo rate. Repo stands for ‘Repurchasing Option’.It refers to the rate at which commercial banks borrow money from the RBI.It is one of the main tools… Continue reading SBI links savings account, short term loan rates to repo rate
You will be in trouble if anything is done to Aravalli, SC warns Haryana govt
The Supreme Court has warned the Haryana government that it will be in “trouble” if it has done “anything” with Aravalli hills or forest area. This comes in the backdrop of Haryana government seeking to amend the Punjab Land Preservation Act (PLPA), 1900. The PLPA was enacted by the then Punjab government in 1900. It… Continue reading You will be in trouble if anything is done to Aravalli, SC warns Haryana govt
‘Do forest surveys separately’
A high-power committee constituted by the Ministry of Environment, Forest and Climate Change (MoEFCC) has recommended that forest surveys should explicitly demarcate trees grown in forests from those grown in plantations and private lands. Currently, both within forests and outside forests are counted together to estimate the portion of India’s geographical area covered by forest.… Continue reading ‘Do forest surveys separately’
UIDAI to levy fees for verification
The Unique Identification Authority of India (UIDAI) has issued the Aadhaar (Pricing of Aadhaar Authentication Services) Regulations 2019. The gazette notification has mandated private organisations using Aadhaar services to pay Rs 20 for each customer verification and 50 paise for authentication of the unique ID. Organizations have been mandated to pay for the service based… Continue reading UIDAI to levy fees for verification
