Interest Subvention Scheme to Boost Exports The Government has introduced the Interest Equalization Scheme on Pre and Post Shipment Rupee Export Credit w.e.f. 01.04.2015 for 5 years. The scheme has been notified vide RBI circular No. 62 dated 04.12.2015. The scheme is available to all exports by manufacturers under 416 specified tariff lines [at ITC… Read More »
Cabinet approves formula to provide production subsidy to sugar mills The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi has decided to extend production subsidy to sugar mills which achieve expected performance in respect of export of sugar and supply of ethanol. This has been done to offset cost of… Read More »
Cabinet approves Motor Vehicle (Amendment) Bill 2016 Historical Step towards making roads safe and save lakhs of innocent lives The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its approval for Motor Vehicle (Amendment) Bill 2016. The Amendment aims to improve Every year 5 lakh road accidents are reported in the… Read More »
Cabinet approves Spectrum Usage Charge for the spectrum in various bands held by various operators or to be acquired by them in forthcoming auction The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi has approved the rates for Spectrum Usage Charge (SUC) for various bands of spectrum for which auction are going to… Read More »
e-Visa facility e-Tourist visa facility is presently available to the nationals of 150 countries at 16 designated international airports in India. E-Tourist visa can be granted for a period of 30 days with single entry. Further, e-tourist Visa can be availed only twice in a calendar year. On e-tourist visa, foreign nationals are permitted recreation,… Read More »
Bill No. 210 of 2016 THE TRANSGENDER PERSONS (PROTECTION OF RIGHTS) BILL, 2016 Date of Introduction 02/08/2016 (Lok Sabha) Salient Features of Transgender Persons (Protection of Rights) Bill 2016 The Transgender Persons (Protection of Rights) Bill, 2016 seeks to— (a) define a transgender person; (b) prohibit discrimination against transgender person; (c) confer right upon transgender… Read More »
MINISTRY OF ELECTRONICS AND INFORMATION TECHNOLOGY ORDER New Delhi, the 1st August, 2016 S.O. 2575(E).—In exercise of the powers conferred by Sub-section (1) of the Section 18 of the Aadhaar (Targeted Delivery of Financial and other Subsidies, Benefits and Services) Act, 2016 (18 of 2016), the Central Government hereby appoints Dr. A.B.P. Pandey, IAS (MH… Read More »
Bill No. 144 of 2016 THE ENFORCEMENT OF SECURITY INTEREST AND RECOVERY OF DEBTS LAWS AND MISCELLANEOUS PROVISIONS (AMENDMENT) BILL, 2016 Date of Introduction 11/05/2016 (Lok Sabha) Further to amend the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, the Recovery of Debts due to Banks and Financial Institutions Act, 1993, the Indian Stamp… Read More »
Report on ease of doing Business A 340 Action points has been circulated to all State Governments and Union Territory Administrations with a request to implement the same by 30th June 2016 and upload the implementation report by 7th July 2016 on Ease of Doing Business dashboard of Department of Industrial Policy and Promotion.… Read More »
Child Labour (Prohibition & Regulation) Amendment Act 2016 Key Takeaway from Child Labour Prohibition & Regulation Amendment Act 2016 This act prohibit the engagement of children in all occupations and to prohibit the engagement of adolescents in hazardous occupations and processes and the matters connected therewith or incidental thereto.”. As per Child Labour (Prohibition & Regulation ) Amendment… Read More »