Page-21 of Current Affairs - August, 2018

Index of Industrial Production (IIP): Industrial output records 5-month high growth of 7% in June 2018

According to data released by Central Statistics Office (CSO), factory output measured in terms of Index of Industrial Production (IIP) had 7% in June 2018, five-month high. This was on account of higher output in mining, manufacturing and power generation ..

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Parliament passes Insolvency and Bankruptcy Code (Second Amendment) Bill, 2018

Parliament has passed Insolvency and Bankruptcy Code (Amendment) Bill, 2018 to bring relief to home buyers and Micro, Small and Medium Enterprises (MSMEs). The Bill replaces ordinance promulgated in this regard and amends  Insolvency and Bankruptcy Code, 2016. Key Features ..

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Lok Sabha passes Arbitration and Conciliation (Amendment) Bill, 2018

The Lok Sabha has passed Arbitration and Conciliation (Amendment) Bill, 2018 to help India become hub for domestic and global arbitration for settling commercial disputes. It seeks to amend e Arbitration and Conciliation Act, 1996 which contains provisions to deal ..

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IFFCO forays into food processing, forms JV with Spainish firm

Fertiliser major IFFCO has entered into joint venture with Congelados De Navarra to set up food processing plant at Ludhiana in Punjab with an investment of Rs 325 crore. With this joint venture, co-operative IFFCO for first time will foray ..

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IMF forecasts 7.3% GDP growth for India in 2018-19 and 7.5% in 2019-20

The International Monetary Fund (IMF) in its report has projected India’s GDP growth 7.3% in the 2018-19 fiscal and 7.5% in 2019-2020 on strengthening of investment and robust private consumption. India’s near-term macroeconomic outlook for India is broadly favourable. Key ..

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Cabinet extends tenure of Commission constituted to examine issue of OBC sub-categorisation

Union Cabinet has approved extension of term of Commission to examine the issue of Sub-categorization of Other Backward Classes (OBCs) in Central List till November 2018. This is third extension granted to commission for submission of its politically crucial report ..

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Lok Sabha passes Representation of People (Amendment) Bill, 2017 to allow proxy voting to overseas Indians

Lok Sabha has passed Representation of the People (Amendment) Bill, 2017 by voice vote to extend the facility of ‘proxy voting’ to overseas Indians, on the lines of service voters. The Bill seeks to amend Representation of People Act (RPA), ..

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Cabinet approves raising of four additional battalions of National Disaster Response Force

Union Cabinet has given approval for raising of four additional battalions of National Disaster Response Force (NDRF) to strengthen the India’s disaster response set up. These battalions will be placed in Jammu and Kashmir, Himachal Pradesh, Uttarakhand and Delhi National ..

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