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Cabinet approves Payment of Gratuity (Amendment) Bill, 2017

The Union Cabinet has given approved introduction of the Payment of Gratuity (Amendment) Bill, 2017 in the Parliament. The Bill seeks to amend Payment of Gratuity Act, 1972. The Amendment will increase maximum limit of gratuity of employees, in Public ..

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Fact Box: The Code on Wages Bill, 2017

The Union Government as part of labour law reforms has undertaken drive to rationalize 38 Labour Acts by framing 4 labour codes viz Code on Wages, Code on Social Security, Code on Industrial Relations and Code on occupational safety, health ..

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Cabinet approves promulgation of GST (Compensation to States) Ordinance, 2017

The Union Cabinet has given its approval to the proposal of Union Finance Ministry to promulgate an ordinance to suitably amend the Goods and Services Tax (Compensation to States) Act, 2017. The approval will allow GST Council to hike the ..

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Government to release new industrial policy

The Department of Industrial Policy and Promotion (DIPP) under the Commerce and Industry Ministry is going to release a new industrial policy by October 2017. It is expected to replace National Manufacturing Policy (NMP) released in 2011 The new policy ..

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Parliament passes Banking Regulation (Amendment) Bill, 2017

Parliament has passed the Banking Regulation (Amendment) Bill, 2017 with the Rajya Sabha approving it. The Lok Sabha has already passed it. The bill will replace the Banking Regulation (Amendment) Ordinance, 2017 promulgated by President in May 2017. The bill ..

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Lok Sabha passes State Banks (Repeal and Amendment) Bill, 2017

The Lok Sabha has passed the State Banks (Repeal and Amendment) Bill, 2017. The bill seeks to repeal the two Acts namely State Bank of India (Subsidiary Banks) Act, 1959, and State Bank of Hyderabad Act, 1956. It also seeks ..

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Parliament passes IIIT (Amendment) Bill, 2017

Parliament has passed the Indian Institutes of Information Technology (Amendment) Bill, 2017 after the Rajya Sabha approved it. The Lok Sabha has already passed it. The Bill amends the IIIT Act, 2014. The IIIT Act, 2014 declares certain Institutes of ..

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Lok Sabha passes NABARD (Amendment) Bill, 2017

The Lok Sabha has passed the National Bank for Agriculture and Rural Development (Amendment) Bill, 2017 by voice vote. The Bill seeks to amend the NABARD Act, 1981. NABARD is responsible for providing and regulating facilities like credit for agricultural ..

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Lok Sabha passes Banking Regulation (Amendment) Bill, 2017

The Lok Sabha has passed the Banking Regulation (Amendment) Bill, 2017 by voice vote. It will replace the Banking Regulation (Amendment) Ordinance, 2017. The bill seeks to amend the Banking Regulation Act, 1949 to insert provisions for handling cases related ..

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Lok Sabha passes two key bills for implementation of GST in J&K

The Lok Sabha has passed the Central Goods and Services Tax (Extension to Jammu and Kashmir) Bill, 2017 and the Integrated Goods and Services Tax (Extension to Jammu and Kashmir) Bill, 2017. The two bills will replace the ordinances promulgated ..

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