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Parliament passes three Labour Codes to pave way for enactment of historic “Game changer” Labour Laws

The Rajya Sabha in its sitting today passed three labour codes namely, Industrial Relations Code, 2020 (ii) Code on Occupational Safety, Health & Working Conditions Code, 2020 & (iii) Social Security Code, 2020. With this, the decks for enactment of these codes have been cleared as Lok Sabha had passed these Bills yesterday. Speaking during the discussions on the bills, ...

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CCI approves acquisition of Nutrition & Biosciences, Inc. by International Flavors & Fragrances Inc.

The Competition Commission of India (CCI) approves acquisition of Nutrition & Biosciences, Inc. (“Spinco”) by International Flavors & Fragrances Inc. (“IFF”) under Section 31(1) of the Competition Act, 2002, today. The proposed combination relates to the acquisition of sole control by IFF, over the Nutrition & Biosciences business (“N&B Business”) of DuPont de Nemours, Inc. (“DuPont”), by means of acquiring ...

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DAC approves procurement proposals worth Rs 8,722.38 crore, including 106 Basic Trainer Aircraft for IAF

To strengthen the Armed Forces by relying on indigenous capability to take forward the initiative on ‘Atmanirbhar Bharat’ the Defence Acquisition Council (DAC) in its meeting held under the Chairmanship of Raksha Mantri Shri Rajnath Singh accorded approval for capital acquisitions of various platforms and equipment required by the Indian Armed Forces here today. Proposals for an approximate cost of ...

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Borrowing limit of states increased from 3% to 5%; Public sector to be open for private players: FM

Presentation of details of 5th Tranche announced by Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman under Aatmanirbhar Bharat Abhiyaan to support Indian economy in fight against COVID-19 Please click here for PPT

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Power Ministry floats draft Electricity Act; invites suggestions within 21 days

Supply of quality power at affordable prices is essential for sustained growth of the economy of the country.   For further development of the power sector, Ministry of Power has issued draft proposal for amendment of Electricity Act, 2003 in the form of draft Electricity Act (Amendment) Bill, 2020 for comments / suggestions from Stakeholders on 17th April 2020. Comments / observations ...

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New Textile Policy – 2020

Government is formulating a New Textile Policy for overall development of the sector. Inputs from all the state governments, individuals through e-portal and different associations are being solicited under broad topics like cotton, silk, jute, wool, man-made fibre, handloom, handicrafts, powerloom, technical textiles, technology & machinery upgradation, infrastructure (spinning, weaving & processing) and human resource development. Over a period of ...

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Major Port Authorities Bill 2020 Introduced in The Loksabha

Major Port Authorities Bill 2020 was introduced in the Loksabha by the minister of state for shipping (I/C) Shri Mansukh MANDAVIYA. The Billseeks to provide for regulation, operation and planning of Major Ports in India and to vest the administration, control and management of such ports upon the Boards of Major Port Authorities and for matters connected therewith or incidental ...

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Steel Scrap Recycling Policy issued

Ministry of Steel has issued the Steel Scrap Recycling Policy. The policy aims to achieve the following objectives – ·  To promote circular economy in the steel sector. ·  To promote a formal and scientific collection, dismantling and processing activities for end of life products that are sources of recyclable (ferrous, non- ferrous and other non-metallic) scraps which will lead ...

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E-CIGARETTES 

As per a report of WHO, Electronic Nicotine Delivery Systems [ENDS] [also known as e-cigarettes] heat a solution to create an aerosol which frequently contains flavourants, usually dissolved into Propylene Glycol or/and Glycerin. ENDS aerosol contains nicotine, the addictive component of tobacco products. In addition to dependence, nicotine can have adverse effects on the development of the foetus during pregnancy ...

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Customs Duty on US Products 

The USA imposed a global additional tariff of 25% and 10% on import of steel and aluminum products in March, 2018. In response, Government of India has imposed retaliatory tariffs on 28 products originating or exported from the US with effect from 16th June, 2019 vide notification no. 17/2019-Customs dated 15th June, 2019 of Department of Revenue. The retaliatory tariffs are expected ...

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