Lok Sabha Current Affairs - 2019
Category Wise PDF Compilations available at This Link
Lok Sabha approves Enforcement of Security Interest and Recovery of Debts Laws (Amendment) Bill, 2011
Lok Sabha approved Enforcement of Security Interest and Recovery of Debts Laws (Amendment) Bill, 2011 which seeks to change the system of debt recovery. The Bill seeks to convert any part of debt of a defaulting company into shares by the asset reconstruction company.
Why this amendment was essential? How the current amendment would help?
Month: Categories: Business, Economy & Banking
The UPA government secured a second victory as FDI in retail was passed in the Rajya Sabha. It had already won vote in Lok Sabha.
As seen by the government, this win will give fillip to implement economic reform agenda seen as crucial to revitalizing growth and slashing a swollen fiscal deficit.
The policy will open paths for foreign supermarkets to come into the country. It will facilitate global retailers such as Wal-Mart to establish shops in the country’s $450 billion retail sector, and is targeted at attracting more overseas investment and controlling inflation.
Why BJP is opposing it?
BJP wants a 26 percent cap set on investment, which was recommended by the standing committee on finance, against the government’s proposed 49 %.
Month: Categories: National