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Legal Metrology (Packaged Commodities), Rules 2011

Legal Metrology (Packaged Commodities), Rules 2011: To safeguard interest of consumers, the Department of Consumer Affairs under Ministry of Consumer Affairs, Food and Public Distribution has omitted the Rule 5 of the Legal Metrology (Packaged Commodities), Rules 2011 defining the Schedule II prescribing the pack sizes of various types of commodities. A new provision has […]

National Education Policy: Not Be Implemented In Tamil Nadu

National Education Policy: Not Be Implemented In Tamil Nadu Chief Minister M K Stalin has said the National Education Policy (NEP) 2020 will not be implemented in Tamil Nadu. An expert committee would be formed soon to prepare a new education policy of the state. Tamil Nadu’s arguments: NEP being recommended by the Centre was […]

Asset Reconstruction Companies (ARCs): RBI

Asset Reconstruction Companies (ARCs): RBI A Reserve Bank of India (RBI) committee has come out with a host of suggestions in a bid to streamline the functioning of Asset Reconstruction Companies (ARCs). The performance of the ARCs has so far remained lacklustre, both in ensuring recovery and in revival of businesses. Lenders could recover only […]

Prompt Corrective Action (PCA) Framework: RBI

Prompt Corrective Action (PCA) Framework: RBI The Reserve Bank of India (RBI) has announced a revised Prompt Corrective Action (PCA) framework. The PCA framework enables supervisory intervention of RBI over Banks at an appropriate time and ensures effective market discipline. The framework applies to all banks operating in India, including foreign banks operating through branches […]

Infrastructure Investment Trust (InvIT)

Infrastructure Investment Trust (InvIT): Canadian Pension Plan Investment Board and Ontario Teachers’ Pension Plan will be the anchor investors for the Infrastructure Investment Trust (InvIT) of the National Highways Authority of India (NHAI) with each picking up 25% stake. Besides, NHAI would retain a minimum of 15% equity and the rest would be offered to […]

Cairn Energy Tax Dispute

Tax Dispute: Cairn Energy has entered into certain undertakings with India which would allow for the refund of taxes under a billion-dollar dispute. In December 2020, a three-member international arbitral tribunal at the Permanent Court of Arbitration in the Netherlands ruled unanimously that the Indian government was “in breach of the guarantee of fair and […]

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