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Parliament passed Direct Tax Vivad Se Viswas Bill, 2020
On March 14, 2020, Parliament passed the Direct Tax Vivad Se Viswas Bill, 2020. The bill aims to reduce the number of litigation that are associated with direct tax payments. The Direct Tax Vivad Se Viswas concept was introduced by ..
Month: Current Affairs - March, 2020
Insolvency and Bankruptcy Code (amendment) bill passed in the Parliament
On March 12, 2020, Insolvency and Bankruptcy (Amendment) bill, 2020 has been passed in the parliament. It was earlier passed by Lok Sabha and is now being passed by Rajya Sabha. Highlights The amendments were earlier introduced as ordinances. Now ..
Month: Current Affairs - March, 2020
Corona Virus: Epidemic Disease Act Invoked in India
On March 11, 2020, the Group of Ministers formed by the Union Government to fight against Covid-19 in India invoked the Epidemic Disease Act, 1897. Highlights The GoI has invoked Section 2 of the Epidemic Disease Act, 1897. The act ..
Month: Current Affairs - March, 2020
Mineral Law Amendment Bill passed in Lok Sabha
On March 6, 2020, the Lok Sabha passed Mineral Laws (Amendment) bill, 2020. The bill aims to amend Mines and Minerals (Development and Regulation) act, 1957 and also Coal Mines (Special Provisions) Act, 2015. Highlights The bill was passed in ..
Month: Current Affairs - March, 2020
Cabinet Approval: To amend Companies Act, 2013
On March 4, 2020, the Union Cabinet approved 72 changes to the Companies Act, 2013. The main aim of the amendment is to decriminalize the provisions in the act. Highlights The amendment aims to recategorize 23 offences and omit 7 ..
Month: Current Affairs - March, 2020
Finance Minister introduces bill to amend Banking Regulation Act
On March 3, 2020, Finance Minister Nirmala Sitaraman introduced bill in Parliament to amend banking regulation law to regulate cooperative banks. It aims to prevent frauds as that seen at Punjab and Maharashtra Cooperative Banks (PMC). Highlights The Banking Regulation ..