The Central Government of India has issued a new notification which stated the changes which have been made in the Prevention of Money Laundering Act (PMLA). What is the Prevention of Money Laundering Act, 2002? The Prevention of Money Laundering Act, 2002 was an Act passed in the Indian Parliament. It was the first enacted ..
Bills: GK, General Studies and Current Affairs
While the Rajya Sabha has passed the Wage Code Bill which aims to enforce a strict minimum wage limit for both the informal and formal sectors, the concerned Ministry (the Labour Ministry) has informed the house that the government to yet to decide on a minimum wage for all. What is happening? The bill new ..
To remove illegal squatters and occupants from government properties and the land, the Indian Government has decided to bring the Public Premises (Eviction of Unauthorised Occupants), Amendment Bill, 2019 to provide more power to the evicting officials. ?What happens? The Government has a lot of land and property in prime locations, all of which can ..
The Union Cabinet has approved the introduction of the Chit Funds (Amendment) Bill, 2019 in Parliament. If passed and made into a law, the bill aims to substantially lower the compliance requirements on the registered legal chit funds of India.? This will be beneficial to both the organizers and the subscribers of the chit fund. ..
The Lok Sabha has passed the Consumer Protection Bill. The bill aims to provide protection of interests of consumers and aims to set up authorities for the timely settlement of disputes. It also received the Parliamentary approval on August 6, 2019 and will now be sent to the President for his consent. What is the ..