The Lok Sabha has passed the Arbitration and Conciliation (Amendment) Bill, 2018. It will amend the Arbitration and Conciliation Act, 1996. The bill seeks to establish an independent body called the Arbitration Council of India (ACI) for the promotion of arbitration, mediation, conciliation and other alternative dispute redressal mechanisms.
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Global Innovation Index, GII- 2018 launched in India. The event was organized by the Confederation of Indian Industry (CII) one of the founding partners of GII along with the World Intellectual Property Organization (WIPO), in collaboration with the Department of Industrial Policy and Promotion (DIPP). India’s rank on the Global Innovation Index (GII) has improved from 60 in
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The Union Cabinet gave approval for raising four more battalions of the National Disaster Response Force NDRF. The estimated cost for the approval is Rs.637 crore. The aim is to reduce the response time, keeping in view the country’s vast geographic area. These four battalions will initially be raised as two battalions in the Indo-Tibetan Border Police and one each in the Border
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Justice Rajendra Menon was sworn in as Chief Justice of Delhi High Court. Delhi Lt Governor Anil Baijal administered the oath of office to Justice Menon, who was earlier the Chief Justice of Patna High Court.
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President Ram Nath Kovind inaugurated ‘One District One Product’ (ODOP) Summit in Uttar Pradesh the summit, with a tagline of ‘Nayi Udaan, Nayi Pehchan’, the President distributed loan sanction papers to some artisans. Loan papers amounting to Rs. 1,006.94 crore is to be distributed to 4,085 artisans from 75 districts in the summit.
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The government approved the continuation of Pradhan Mantri Gram Sadak Yojana PMGSY beyond the 12th five year plan period. The decision taken by the Cabinet Committee on Economic Affairs would help in connecting 38,412 habitations at an estimated cost of Rs 84, 934 crores. The target of connecting 1,78,184 eligible habitations under PMGSY was expected to be completed by March 2019.
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The Parliament passed the SC and ST PoA Amendment Bill 2018. The Bill rules out any provision for anticipatory bail for a person accused of atrocities against SC/STs, notwithstanding any court order
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The government appointed Swaminathan Gurumurthy and Satish Kashinath Marathe as part-time non-official directors on the Reserve Bank of India (RBI) board. The Cabinet’s Appointments Committee approved their appointment following a proposal from the Department of Financial Services.
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The Reserve Bank of India RBI has approved the transfer of a surplus amount of Rs 50,000 crore for the year ended June 30, 2018, to the government. While the amount was budgeted at Rs 45,000 crore by the government, the extra Rs 5,000 crore provide
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The National Sports University Bill 2018 pass by the Parliament. The bill seeks to establish a National Sports University in Manipur to promote education in sports sciences, technology, management, and coaching. The University will undertake research on physical education, strengthen sports training programmes, and collaborate internationally in the field of physical education, among others. The Schedule to the Bill contains statutes.
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Rashida Tlaib is set to become the first Muslim woman elected to Congress after comfortably winning her Democratic primary election in the US state of Michigan. Rashida Tlaib won the primary in the state’s 13th congressional district, securing 33.6 percent of the vote, compared with the 28.5 percent
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NDA’s candidate, Harivansh Narayan Singh of the JD(U), was elected Rajya Sabha Deputy Chairman after winning 125 votes in the House. Opposition candidate and senior Congress leader B K Hariprasad received only 105 votes. The post of the deputy chairman was lying vacant since June 2018 following the retirement of PJ Kurien, a Congress MP from Kerala. The NDA candidate, Harivansh Narayan Singh received support from Shiv Sena, Akali Dal, AIADMK, TRS, YSRCP, INLD, BJD, three nominated
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The government introduced four Bills seeking to amend the Goods and Services Tax GST laws that will make return forms simpler and raise the turnover threshold for availing composition scheme to Rs. 1.5 crore. The amendment Bills the Central GST (Amendment) Bill, the Integrated GST (Amendment) Bill, the GST (Compensation to States) Amendment Bill and the Union Territory
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The Khangchendzonga Biosphere Reserve, one of the highest ecosystems in the world, has been added to UNESCO’s list of World Network of Biosphere Reserve (WNBR). The Khangchendzonga reserve will be India’s 11th internationally designated WNBR. The reserve includes a range of ecoclines varying from subtropical to arctic, as well as vast natural forests in different biomes that
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Union Minister of Commerce & Industry and Aviation Suresh Prabhu launched Niryat Mitra mobile App. The app developed by the Federation of Indian Export Organisations (FIEO) is available both on Android and on IOS platforms. It provides a wide range of information required to undertake international trade right from the policy provisions for export and import, applicable GST rate,
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