Contract law: GK, General Studies and Current Affairs

Specific Relief (Amendment) Bill, 2017

The Specific Relief (Amendment) Bill, 2017 seeks to amend the Specific Relief Act, 1963. The Act sets out the remedies available to parties whose contractual or civil rights have been violated. The features of the act include The Act sets out two main remedies to a party whose contract has not been performed: (i) the party ..

India and Cuba sign MoU for enhanced cooperation in health sector

India and Cuba has signed a Memorandum of Understanding (MoU) for enhanced cooperation in the health sector on December 6, 2017. The purpose of this MoU is to establish comprehensive inter-ministerial and inter-institutional cooperation between the two countries in the field of health by pooling technical, scientific, and financial and human resources with the ultimate ..

The Assam government signed MoU with Singapore for skilling state’s youth

The Assam government has recently signed Memorandum of Understanding (MoUs) and Terms of Reference (ToR) with Singapore for skilling over 78,000 rural youths in the state by 2019 and greening Guwahati. The MoU and ToR for setting up the North East Skills Centre (NESC) was signed between Skill, Employment and Entrepreneurship Department of Assam government ..

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 ..

Telangana government launches a comprehensive land survey for rectification of land records in state

The Telangana government has launched a comprehensive land survey for rectification of land records in the state on September 15, 2017. The survey, first of its kind in the country, is aimed at rectifying and updating the land records in all 10,733 revenues villages across the state. Total 1346 teams of officials will take part ..