Page-38 of Lok Sabha
Lok Sabha passes Taxation Laws (Amendment) Bill, 2016
The Lok Sabha has passed the Taxation Laws (Amendment) Bill 2016 to pave the way for employers in the textile sector to avail of the income tax benefit. The Bill seeks to amends the Income Tax Act (IT), 1961 and ..
Month: Current Affairs - August, 2016
Steps taken by Government to protect Protected Species in India
There are 909 entries of taxa (including species, families, genus, orders and classes) of animals, birds and plants in the various Schedules of the Wild Life (Protection) Act, 1972. Various steps have taken by the Union Ministry of Environment, Forest ..
Month: Current Affairs - August, 2016
Lok Sabha passes Employee’s Compensation (Amendment) Bill, 2016
The Lok Sabha has unanimously passed the Employee’s Compensation (Amendment) Bill, 2016 to reduce litigation in cases of disputes arising over compensation to workers. The Bill seeks to amend the Employee’s Compensation Act, 1923. This law provides payment of compensation ..
Month: Current Affairs - August, 2016
Lok Sabha passes Benami Transactions (Prohibition) Amendment Bill, 2015
The Lok Sabha has passed comprehensive Benami Transactions (Prohibition) Amendment Bill, 2015 to curb domestic black money. The comprehensive amendment bill seeks to amend and strengthen Benami Transaction (Prohibition) Act, 1988 in terms of legal and administrative procedure. Key Features ..
Month: Current Affairs - July, 2016
Lok Sabha passes Lokpal and Lokayukta (Amendment) Bill, 2016
The Lok Sabha passed the Lokpal and Lokayukta (Amendment) Bill, 2016 without discussion. The bill seeks to amend the Lokpal and Lokayukta Act, 2013 which provides Lokpal (at Centre) and Lokayukta (at States) statutory backing to inquire into allegations of ..
Month: Current Affairs - July, 2016
Lok Sabha passes Insolvency and Bankruptcy Code, 2015
The Lok Sabha has unanimously passed Insolvency and Bankruptcy Code, 2015 by a voice vote. The code seeks to ensure time-bound settlement of insolvency, faster turnaround of businesses and create a unified data base of serial defaulters. Highlights of the ..
Month: Current Affairs - May, 2016
Lok Sabha passes Compensatory Afforestation Fund Bill, 2015
The Lok Sabha passed the Compensatory Afforestation Fund Bill, 2015 for the establishment of funds under the public accounts of Centre and each State towards compensatory afforestation. It also provides for additional afforestation and penal compensatory afforestation to regulate collected ..
Month: Current Affairs - May, 2016
Lok Sabha passes Regional Centre for Biotechnology Bill, 2016
The Lok Sabha passed the Regional Centre for Biotechnology Bill, 2016 to provide statutory status to the existing Regional Centre for Biotechnology in Faridabad, Haryana. The Bill seeks to provide legislative backing to the Regional Centre and also confers upon ..
Month: Current Affairs - April, 2016
Lok Sabha passes Aadhaar (Target Delivery of Financial and Other Subsidies, Benefits and Services) Bill, 2016
Lok Sabha has passed the Aadhaar (Target Delivery of Financial and Other Subsidies, Benefits and Services) Bill, 2016 by voice vote. It was introduced as Money Bill. The Bill is aimed at giving statutory backing for transferring government subsidies and ..
Month: Current Affairs - March, 2016
Lok Sabha passes Enemy Property (Amendment and Validation) Bill, 2016
Lok Sabha has passed Enemy Property (Amendment and Validation) Bill, 2016 by voice vote to make amendments to the Enemy Property Act, 1968. The bill replaces the Enemy Property (Amendment and Validation) Ordinance, 2016 promulgated by President Pranab Mukherjee in ..