Bills and Amendments Current Affairs

Cabinet approves withdrawal of Nalanda University (Amendment) Bill, 2013

The Union Cabinet has approved withdrawal of Nalanda University (Amendment) Bill, 2013 pending in Rajya Sabha. The amendment bill was introduced to amend certain existing provisions of the Nalanda University Act, 2010 and add some new provisions mainly dealing with functioning of Governing Board of Nalanda University.

Nalanda University

Nalanda University revived version of ancient Nalanda University located at Rajgir in Nalanda District of present Bihar. It is non-state, non-profit, secular and self-governing international institution. Its idea was mooted by former President APJ Abdul Kalam in 2006.

It was established through Nalanda University Act, 2010 on basis of Joint Press Statement at 4th East Asia Summit held in Thailand in October 2009. It functions under Ministry of External Affairs. It is mandated to be engaged in pursuit of intellectual, philosophical, historical and spiritual studies.

Teaching in this university was inaugurated in September 2014. At present, it has 116 students in three schools of studies namely School of Ecology and Environment Studies, School of Historical Studies and School of Buddhist Studies. This includes 35 international students from 21 foreign countries.

Note: The ancient Nalanda University was established in 427 AD during the reign of Gupta king Sakraditya. It was one of India’s earliest university. At its peak, it had attracted scholars and students from near and far with some travelling all the way from Tibet, China, Korea, and Central Asia.

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Cabinet approves ordinance to amend law for speedy disposal of commercial disputes

The Union Cabinet chaired by Prime Minister Narendra Modi has approved promulgation of Ordinance amend a law for speedy disposal of commercial disputes. This decision aims to improve India’s ranking in World Bank’s ease of doing business index. The index takes into consideration dispute resolution environment in country, which facilitates investors in deciding for setting up of and operation of a business.

Key Facts

The ordinance will replace Commercial Courts, Commercial Division and Commercial Appellate Division of High Courts Bill which is pending in Parliament. It will bring down specified value of commercial dispute to Rs 3 lakh from the present Rs 1 crore. It also aims to bring down time taken from the present 1,445 days in resolution of commercial disputes of lesser value.

The amendments through ordinance provides for establishment of commercial courts at district judge level for territories over which High Courts Chennai, Delhi, Kolkata, Mumbai and Himachal Pradesh have ordinary original civil jurisdiction. The ordinance will be given prospective effect so that authority of the judicial forum presently adjudicating commercial disputes is not affected.

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