CII Current Affairs - 2020

National Green Tribunal brings in stricter rules for commercial use of ground water

The National Green Tribunal has made the guidelines for the commercial use of ground water more stringent in the country. Highlights The National Green Tribunal (NGT) has banned general permission to withdraw ground water for commercial purposes without an EIA (Environmental Impact Assessment). The permit given should be for a specified quantity of water. The Read More…

Indian Accounting Standards amended

On July 26, 2020, Ministry of Corporate Affairs, Government of India amended the Indian Accounting Standards related to leasing. The Ind-AS 103, 116 and other standards have been amended. Highlights The Ind-AS 103 is related to business combinations. On the other hand, Ind-AS 116 standard is related to principles for presentation, recognition and disclosure of Read More…

June 9: World Accreditation Day

Every year, the World Accreditation Day is celebrated on June 9. The initiative of celebrating the day was launched by the International Accreditation Forum (IAF) and the International Laboratory Accreditation Cooperation (ILAC). This year the day was celebrated under theme Theme: Accreditation, Improving Food Safety India In India, the day was celebrated by the Quality Read More…

E-Conclave for Defence MSMEs held

On May 21, 2020, the Union Defence Minister Rajnath Singh chaired the E-Conclave of Defence MSME (Micro Small and Medium Enterprises). Highlights The E-conclave was organized by CII (Confederation of Indian Industry), SIDM (Society of Indian Defence Manufacturers) and Department of Defence Production. Around 800 Defence MSMEs participated in the conclave that was held through Read More…

CII Report: “Exit from Lock Down”

The Confederation of Indian Industries recently published its report “Exit from Lock Down”. Under the report, the confederation suggests slow and staggered approach of reopening of industrial sectors. Key Highlights of the report The Report suggests classification of geographies as red, amber and green. This should be done based on the incidence of COVID-19 cases. Read More…