Page-52 of CLAT Current Affairs, GK & News

Lok Sabha passes State Banks (Repeal and Amendment) Bill, 2017

The Lok Sabha has passed the State Banks (Repeal and Amendment) Bill, 2017. The bill seeks to repeal the two Acts namely State Bank of India (Subsidiary Banks) Act, 1959, and State Bank of Hyderabad Act, 1956. It also seeks to amend the State Bank of India (SBI) Act, 1955 to remove references to subsidiary ..

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Parliament passes IIIT (Amendment) Bill, 2017

Parliament has passed the Indian Institutes of Information Technology (Amendment) Bill, 2017 after the Rajya Sabha approved it. The Lok Sabha has already passed it. The Bill amends the IIIT Act, 2014. The IIIT Act, 2014 declares certain Institutes of Technology as institutions of national importance. It aims to develop new knowledge in information technology ..

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Lok Sabha passes NABARD (Amendment) Bill, 2017

The Lok Sabha has passed the National Bank for Agriculture and Rural Development (Amendment) Bill, 2017 by voice vote. The Bill seeks to amend the NABARD Act, 1981. NABARD is responsible for providing and regulating facilities like credit for agricultural and industrial development in the rural areas. Key Features of the Bill Increase in capital ..

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Lok Sabha passes Banking Regulation (Amendment) Bill, 2017

The Lok Sabha has passed the Banking Regulation (Amendment) Bill, 2017 by voice vote. It will replace the Banking Regulation (Amendment) Ordinance, 2017. The bill seeks to amend the Banking Regulation Act, 1949 to insert provisions for handling cases related to stressed assets or non-performing assets (NPAs) of banks. Stressed assets (NPAs) are loans defaulted ..

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Lok Sabha passes two key bills for implementation of GST in J&K

The Lok Sabha has passed the Central Goods and Services Tax (Extension to Jammu and Kashmir) Bill, 2017 and the Integrated Goods and Services Tax (Extension to Jammu and Kashmir) Bill, 2017. The two bills will replace the ordinances promulgated earlier in this regard to complete rolling out GST regime the Himalayan State. The first ..

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