Companies Act Current Affairs, GK & News

Parliament passes Taxation and Other Laws (Relaxation and Amendment of Certain provisions) bill

On September 23, 2020, Parliament passed the Taxation and other laws (Relaxation and Amendment of certain provisions) bill, 2020. It replaces an ordinance and will make few changes to direct and indirect tax laws. It was cleared in Rajya Sabha through voice vote. The bill was passed in Lok Sabha earlier. Key Features The bill ..

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Insolvency and Bankruptcy (Second Amendment) passed in Rajya Sabha

On September 19, 2020, the Rajya Sabha passed the Insolvency and Bankruptcy code (second Amendment) Bill 2020. According to the new amendment, fresh insolvency proceedings will not be started for the next six months considering Covid-19 pandemic. Why the suspension? Due to the covid-19 crisis the companies are facing disruptions. This has affected their interest payment ..

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Fifth Tranche of Atma Nirbhar Bharat Abhiyan announced

On May 17, 2020, the Union Finance Minister Nirmala Sitaraman announced the fifth and final tranche of Atma Nirbhar Bharat Abhiyan. The scheme is to implement several measures to fight COVID-19 at an allocated budget of Rs 20 lakh crore economic packages Highlights Under the fifth tranche of the scheme, the finance minister announced seven ..

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National Land Management Corporation recommended by National Infrastructure Pipeline Task Force

The Task Force on National Infrastructure Pipeline recently submitted its report to the Finance Minister Smt Nirmala Sitaraman. Under the report, the task force has recommended to set up National Land Management Corporation. Highlights The National Land Management Corporation will help to monetize state-owned surplus lands in a systematic way. The Task Force recommends to ..

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IRCTC Revenue doubles; 14% increase in profits

The earnings from internet ticketing services of IRCTC (Indian Railway Catering and Tourism Corporation) increased by 80.8% between the period April, 2019 and September, 2019. The earnings in the four-month period is Rs 199.3 crores. It was Rs 199.3 crore before April, 2019. The revenue has almost doubled. IRCTC is an exclusive e-ticketing partner of ..

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