Bill and Acts Current Affairs, GK & News

Arbitration and Conciliation (Amendment) Bill 2021

The Lok Sabha gave has passed the Arbitration and Conciliation (Amendment) Bill 2021. The bill was passed on February 12, 2021 by voice vote. Background The Law Minister Ravi Shankar Prasad introduced the bill in the Lok Sabha on February 4, 2021. The provisions of the bill were, however, already into force through an ordinance ..

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Economic Survey proposes Transparency of Rules Act

The Second volume of Economic Survey 2016-17 has proposed Transparency of Rules Act (TORA), a progressive legislation to end any asymmetry of information regarding rules and regulations faced by an average citizen. The objective of TORA is to help citizens overcome an opaque mesh of complicated rules that often leads to corruption and endless litigation. ..

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Lok Sabha passes Benami Transactions (Prohibition) Amendment Bill, 2015

The Lok Sabha has passed comprehensive Benami Transactions (Prohibition) Amendment Bill, 2015 to curb domestic black money. The comprehensive amendment bill seeks to amend and strengthen Benami Transaction (Prohibition) Act, 1988 in terms of legal and administrative procedure. Key Features of Bill The Bill seeks to (i) Amend the definition of benami transactions to widen ..

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