Page-2 of Business law Current Affairs, GK & News

NITI Aayog organises Workshop on ‘Best Practices in International Arbitration’ in New Delhi

NITI Aayog has organised Workshop on ‘Best Practices in International Arbitration’ in collaboration with ICC International Court of Arbitration in New Delhi on 10 October 2018. It purpose is to strengthen dispute resolution mechanisms and to not only encourage ‘Make in India’ but also to ‘Resolve in India’. The workshop would cover basic concepts of ..

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Lok Sabha passes Negotiable Instruments (Amendment) Bill, 2017 on cheque bounce cases

On July 23, the Lok Sabha passed the Negotiable Instruments (Amendment) Bill, 2017 that allows a court hearing a cheque bounce case to direct the drawer — the person who wrote the cheque — to pay interim compensation to the person who filed the complaint. The interim compensation, to be paid within 60 days of ..

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Indian Army signs MoU with SBI on Defence Salary Package

On July 12, Indian Army signed a Memorandum of Understanding (MoU) with the State Bank of India (SBI) on the Defence Salary Package that will include free personal accident death, free permanent total disability cover and other accidental benefits to the deceased soldier and family. The revised MoU will benefit a large number of serving ..

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India sgns pacts with UK on illegal migrants’ return

India and the United Kingdom (UK) have recently signed two agreements on return of Indians, who are living in Britain as illegal migrants and sharing criminal records and intelligence. The development comes close on heels of India seeking UK’s help in early extradition of liquor tycoon Vijay Mallya from Britain to face the law at ..

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India gained 30 places to rank 100th among 190 countries in latest ease of doing business

India has gained 30 places to rank 100th among 190 countries in the latest ease of doing business ranking by the World Bank (WB), in its Doing Business 2018 report. The improvement was due to a slew of reforms in taxation, licensing, investor protection and bankruptcy resolution. New Zealand has topped the list, followed by ..

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MCX launches India’s first commodity options in gold

The Multi-Commodity Exchange of India Ltd (MCX) has launched India’s first commodity options in gold and gave stakeholders a new set of financial instruments to hedge their price risks. It is launched by Union Finance Minister Arun Jaitley in New Delhi on October 17, 2017. MCX has currently launched a Gold Option contract, with Gold ..

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