What is the news? The President of India promulgates the IBC Amendment Ordinance 2021. It allows the use of Pre-Pack insolvency resolution. About Insolvency and Bankruptcy Code (Amendment) Ordinance, 2021: IBC Amendment Ordinance 2021 amends the Insolvency and Bankruptcy Code, 2016. The Amendment allows the use of Pre-Packaged insolvency resolution as an alternative resolution mechanism… Continue reading IBC Amendment Ordinance 2021 Allows “Pre-Pack Insolvency Resolution”
Category: Factly: Bills and Acts
This category contains all Current Affairs Factly Articles for Prelims, related to the bills and Acts in news. You can find all relevant bills and acts on this page. This page is specifically useful for UPSC Prelims exam.
Promulgation of “Tribunals Reforms Ordinance 2021”
Promulgated: On 4th April 2021 Ministry: Law and Justice About the Tribunals Reforms Ordinance 2021: Purpose of the Ordinance: It dissolves at least eight existing appellate tribunals. Now, High Courts and certain other bodies will be the appellate bodies under 9 acts. Further, it also amends the Finance Act 2017. Key Provisions of the Tribunals… Continue reading Promulgation of “Tribunals Reforms Ordinance 2021”
National Bank for Financing Infrastructure and Development Act, 2021
Introduced: The Bill was introduced in Lok Sabha on 22/03/2021 as a Government Bill (Ministry of Finance, Corporate Affairs and Information & Broadcasting). Present Status: The Bill was passed in both the Houses and received President’s assent on 28.03.2021. About National Bank for Financing Infrastructure and Development (NBFID) Act,2021 Aim: The Act seeks to establish… Continue reading National Bank for Financing Infrastructure and Development Act, 2021
CIC Annual Report on “RTI Applications”
Contents1 What is the News?2 About CIC Annual Report:3 What are the key findings of the report?4 Right to Information Act, 2005 and exemptions: What is the News? The Central Information Commission(CIC) released its annual report. The report provides the data on the number of RTI applications received and rejected by public authorities. About CIC… Continue reading CIC Annual Report on “RTI Applications”
Bihar Assembly Passed the “Bihar Special Armed Police Bill 2021”
What is the News? Bihar State Assembly has passed the Bihar Special Armed Police Bill, 2021. About Bihar Special Armed Police Bill, 2021 The mandate of the bill is to maintain public order, combat extremism. Further, the bill ensures better protection and security of specific establishments. For this, the Bill proposes setting up a Special… Continue reading Bihar Assembly Passed the “Bihar Special Armed Police Bill 2021”
Validity of “State’s resolution against Central laws”
What is the News? The Supreme Court has found no harm in State Legislative Assemblies passing resolutions against Central laws. It was seen in the cases of the Citizenship Amendment Act or the new farm laws. What was the case? Several State Assemblies passed resolutions against the Citizenship Amendment Act and the farm laws. A… Continue reading Validity of “State’s resolution against Central laws”
Mines and Minerals (Development and Regulation) (MMDR) Amendment Act, 2021
Introduced: The Bill was introduced in Lok Sabha on 15.03.2021 as a Government Bill (Ministry of Mines). Present Status: The Bill was passed in both the Houses and received President’s assent on 28.03.2021. The Act seeks to amend the Mines and Minerals (Development and Regulation) Act, 1957. This act regulates the mining sector in India. Salient… Continue reading Mines and Minerals (Development and Regulation) (MMDR) Amendment Act, 2021
MHA introduced “NCT of Delhi (Amendment) Bill 2021”
What is the News? The Ministry of Home Affairs has introduced the Government of National Capital Territory of Delhi (Amendment) Bill,2021 in the Lok Sabha. The Bill aims to change some important provisions concerning the National Capital. About NCT of Delhi (Amendment) Bill 2021: It seeks to amend the Government of National Capital Territory of… Continue reading MHA introduced “NCT of Delhi (Amendment) Bill 2021”
National Institutes of Food Technology Bill, 2019
Introduced: Rajya Sabha (13th Feb 2019) Passed: Rajya Sabha and Lok Sabha. About National Institutes of Food Technology Bill, 2019 Ministry: Food Processing Industries What does the bill provide? The bill declares two institutes of food technology, entrepreneurship, and management as institutions of national importance. These are: National Institute of Food Technology Entrepreneurship and Management,… Continue reading National Institutes of Food Technology Bill, 2019
National Capital Territory of Delhi Laws Second (Amendment) Bill, 2020
Introduced: Rajya Sabha (8th Feb 2021) Passed: Rajya Sabha (9th Feb 2021) Passed: Lok Sabha (10th March 2021) Present status: Received assent on 12th Mar 2021 and converted to Act. About National Capital Territory of Delhi Laws Second (Amendment) Bill, 2020: Ministry: Housing and Urban Poverty Alleviation The bill amends the National Capital Territory of… Continue reading National Capital Territory of Delhi Laws Second (Amendment) Bill, 2020
