Constitution & Law Current Affairs - 2019
Summary of latest bill and acts passed or pending in 2019 in Parliament of India with their salient features and issues for Current Affairs 2019 preparation for various examinations such as UPSC, SSC, State Civil Services, CLAT, Judicial Services etc.
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The Lok Sabha has passed the Companies (Amendment) Bill, 2014 through a voice vote.
This bill aims to provide an environment of doing business easy and has 14 amendments to existing Companies Act, 2013.
It also seeks to remove oppressive provisions in Companies law and to align it with international practices and attract investments.
- It exempts corporates from the need to get shareholders’ nod in the case of related party transactions valued lower than Rs.100 crore or 10 percent of net worth.
- It added the provision of severe punishment for those raising illegal deposits from the public.
Tags: Bills and Acts • Bills and Amendments • Current Affairs - 2017
Cabinet has given nod to an ambitious 25 solar parks of 500MW proposal will help India become a global leader in solar generation. These 25 solar parks will add in total 20,000 megawatts (MW) solar power after implemented.
Government will provide budgetary grant of Rs 4,050 crore to implement it by 2019. These projects will be also provided with statutory and other clearances for speedy completion.
The solar parks will be developed in collaboration with states and their agencies. It will be generally developed in remote areas where land is inexpensive.
Cabinet also has cleared setting up of 300 MW of solar capacity projects in the defence establishments and central police organisations using equipment built by Indian manufacturers.
Amendments to the Electricity Act
The Cabinet has cleared amendments to the Electricity Act to bring in more reforms and increase competition.
These amendments pave the way for the
- Much-needed further reforms in the power sector.
- Promote competition, efficiency in operations and improvement in quality of supply of electricity in the country, resulting in capacity addition and ultimate benefit to the consumers.