Bills and Acts Current Affairs - 2020

Facts Box: Banking Regulation (Amendment) Bill, 2020

On September 16, 2020, Lok Sabha passed the Banking Regulation (Amendment) bill, 2020. The bill aims to bring cooperative banks under the supervision of Reserve Bank of India. Highlights The bill replaced the Banking Regulation (Amendment) Ordinance, 2020. The ordinance was promulgated in June 2020. It amends the Banking Regulation Act, 1949. It will regulate Read More…

Facts Box: Institute of Teaching and Research in Ayurveda Bill, 2020

On September 16, 2020, Parliament passed the Institute of Teaching and Research in Ayurveda Bill, 2020 with approval from Rajya Sabha. The lower house, Lok Sabha had already passed the bill. Highlights The bill aims to establish an institute of teaching and research in Ayurveda. The institute is to be declared as an Institute of Read More…

Facts Box: Salaries and Allowances of Ministers (Amendment) Bill, 2020

The Lok Sabha recently passed Salaries and Allowances of Ministers (Amendment) Bill, 2020. According to the amendment, the salaries of the parliamentarians are to be reduced by 30% for one year to mitigate fallout of disruptions that were created by COVID-19. Highlights The bill replaced the “Salaries and Allowances of Ministers (Amendment) ordinance”, 2020. It Read More…

Finance Bill, 2020 passed in Lok Sabha

On March 23, 2020, Finance Minister Nirmala Sitaraman introduced the Finance Bill, 2020. The bill was introduced and passed in Lok Sabha without any discussion. Key Features of the Bill The bill provides the financial proposals of the fiscal year 2020-21. With the bill being passes, the proposals made under the Union Budget 2020-21 has Read More…

Lok Sabha passes Aircraft (Amendment) bill, 2020

The Lok Sabha recently passed Aircraft (Amendment) bill, 2020. The bill was passed through voice vote in the lower house. The amendments are being made to fulfil the requirements of International Civil Aviation Organization. Highlights The amendment aims to regulate three regulatory bodies namely Bureau of Civil Aviation (BCA), Directorate General of Civil Aviation (DGCA) Read More…