The Union Cabinet has approved a proposed Code on Occupational Safety,Health and Working Conditions Bill,2019.The bill seeks to merge 13 central labour laws into a single code. The code will be applicable to all trades including IT establishments and service sector where more than 10 workers are employed.It will also be applicable to mines and… Continue reading Worker safety code Bill gets Cabinet approval
Category: Daily Factly articles
Lok Sabha gives nod to arbitration Bill
The lok Sabha has passed the New Delhi International Arbitration Centre (NDIAC) Bill,2019. The Bill provides for setting up of an independent autonomous body for institutional arbitration and to acquire and transfer the undertakings of International Centre For Alternative Dispute Resolution (ICADR) to NDIAC. The NDIAC will be headed by a chairperson who has been… Continue reading Lok Sabha gives nod to arbitration Bill
Kerala to hold women startup summit
The Kerala Startup Mission(KSUM) is hosting the Women Startup Summit on August 1,2019. The summit will be held in association with the Indian Women Network floated by Confederation of Indian Industry(CII).The theme of the Summit is “Developing an Inclusive Entrepreneurship Ecosystem”. The summit aims at encouraging aspiring women professionals to take up their entrepreneurial journey… Continue reading Kerala to hold women startup summit
Raksha Mantri Evolves Methodology to Prevent Ammunition Accidents
Defence Minister has chaired a meeting to review the recommendations of the Task Force of Experts to evolve methodology to prevent ammunition accidents and minimise its effects. The task force was headed by Philip Campose.He explained the causes for ammunition accidents and brought out preventive and mitigative measures. The task force emphasised that the safety… Continue reading Raksha Mantri Evolves Methodology to Prevent Ammunition Accidents
CSO must rethink informal sector estimates:Pronab Sen
Former Chief Statistician of India has said that Central Statistics Office (CSO) needs to rethink how it estimates the growth of the informal sector as the current method is no longer accurate. The current method uses the corporate sector data to estimate the activity in the non-corporate sector. However,this works only as long as the… Continue reading CSO must rethink informal sector estimates:Pronab Sen
CPCB pulls up 52 firms over handling of waste
Central Pollution Control Board (CPCB) has criticised 52 firms for flouting Extended Producers Responsibility (EPR) under the Plastic Waste Management Rules, 2016 (amended in 2018). Under EPR, responsibility of collection of used plastics and multilayered plastics is entrusted upon producers, importers and brand owners. The companies are mandated to provide a timeline or a plan… Continue reading CPCB pulls up 52 firms over handling of waste
Full rehearsal for Chandrayaan conducted
The Indian Space Research Organization (ISRO) has conducted test run for Chnadrayaan-2 mission. Chandrayaan-2, India’s second Moon mission, will be launched on July 15, 2019 Chandrayaan 2 will comprise of an Orbiter, Lander named ‘Vikram’ and Rover named ‘Pragyan’. The orbiter will circle the moon and provide information about its surface The lander will make… Continue reading Full rehearsal for Chandrayaan conducted
France to impose green tax on plane tickets from 2020
France has decided to impose a tax of up to €18 on plane tickets for all flights from airports in France. The move will take effect from 2020. The new measure is expected to bring in some 182 million euros a year which will be used to fund less-polluting transportation projects. Sweden had introduced a… Continue reading France to impose green tax on plane tickets from 2020
India has stricter regulatory norms: Basel
According to the findings of the Basel Committee on Banking Supervision (BCBS),Reserve Bank of India’s(RBI) norms on large exposures(LEX) for banks are compliant with the Basel requirements. The assessment was conducted by the Regulatory Consistency Assessment Programme(RCAP). The assessment focused on the completeness and consistency of the domestic regulations enforced by RBI on commercial banks… Continue reading India has stricter regulatory norms: Basel
NHAI Signs MoU with NIIF for funding highway projects
The National Highways Authority of India(NHAI) has signed an MoU with National Investment and Infrastructure Fund(NIIF) for funding highway projects. This agreement is expected to provide innovative financial models including for the Bharatmala Pariyojana. Bharatmala Pariyojana is an umbrella program for the highways sector that focuses on optimizing efficiency of freight and passenger movement across… Continue reading NHAI Signs MoU with NIIF for funding highway projects
