Expected Questions on Bills, Acts, Policies - 2018 (Part - 3) (Download PDF)

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Financial Resolution and Deposit Insurance Bill, 2017 - A new draft law for resolution of financial firms has recently released for public consultation by the Ministry of Finance, government of India.

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Expected Questions on Bills, Acts, Policies 2018 (In English)

Dr. Manishika Jain discusses Expected Questions on major Bills, Acts, Policies for SSC, bank PO and IAS exam

Need for Bill

  • Need to be equipped with necessary and appropriate powers to deal with such crises.

  • Two of these proposed tools:

    • “bail in”

    • “transfer of assets to another entity”

  • Bail - in is the corollary of the traditional tool of bailout.

  • “Transfer of assets to another entity” tool of resolution can assume a number of forms.

Aim of this law:

  • To steer away from a “one - size - fits - all” formula and devise the best possible solution.

  • Takes into account the varied interests of creditors and consumers,

  • While preserving the overall financial stability of the national economy.

Electricity Amendment Bill 2014

  • Bill amends the Electricity Act, 2003.

  • Segregate the distribution network business and the electricity supply business.

  • Introduce multiple supply licensees in the market

  • Bill introduces a supply licensee.

  • State Electricity Regulatory Commissions will grant supply licenses.

  • Bill defines renewable energy and provides for a National Renewable Energy Policy.

Analysis:

  • Bill requires the presence of a government company as a supply licensee in an area of supply.

  • Presently, State distribution companies often keep tariffs lower than the cost of electricity.

  • All revenue deficits in the electricity sector prior to the enforcement of the Bill will be recovered.

  • State distribution companies not revising tariffs in a timely manner.

  • Inefficient tariff structure and cross - subsidisation by high paying consumers.

  • Some of these issues could be addressed by the new scheme “UDAY”.

  • Becoming provider of last resort (POLR) may have financial implications on a supply license.

Draft National Water Framework Bill

Aims: To provide uniform national legal framework to manage water in a better and efficient way.

Key Provisions:

  • Every person has a right to sufficient quantity of safe water for life.

  • All basin states have equitable rights over the use of river water provided.

  • States must recognise the principle that the rivers are not owned by the basin - States.

  • Establishing River Basin Authority (RBA) for each inter - State basin.

  • Suggests a three - layer system dispute resolution mechanism.

  • Bill uses the expression “Appropriate Government” which has different connotations.

The Prevention of Corruption (Amendment) Bill, 2013 and Proposed 2015 Amendments

  • The Prevention of Corruption (Amendment) Bill, 2013 amends the Prevention of Corruption Act, 1988.

  • Certain amendments to the Bill were circulated by the government in 2015.

  • Public servant accepts any undue advantage other than legal remuneration.

  • No provision for exceptions to taking a bribe were included in the original 1988 Act.

  • A bribe giver is charged with abetment.

  • The Act defines criminal misconduct to covers six types of offences including:

    • abuse of position

    • use of illegal means

    • disregard to public interest.

  • The 2013 Bill retains only two offences:

    • misappropriating property

    • amassing disproportionate assets

Issues and analysis:

  • A public servant will not be charged with taking a bribe.

  • The 2015 amendments define terms like ‘undue advantage’.

  • The 2013 Bill makes giving a bribe a direct offence.

  • Requirement of prior sanction for investigation may be considered necessary.

  • Lokpal and Lokayuktas in some states have not been constituted.

Mental Health Bill, 2016

  • Passed by Parliament.

  • That decriminalises suicide attempt by mentally ill people.

  • Guarantees the right to better healthcare for people with mental illness.

  • First passed in Rajya Sabha in August 2016 and later in Lok Sabha in March 2017.

  • Now it will go to president for assent.

Features of Bill:

  • Rights of persons with mental illness

  • Advance Directive

  • Mental Health Establishments

  • Procedure and process

  • Community based treatment

  • Mental health review commission and board

  • Decriminalising suicide

  • Prohibits electro-convulsive theraphy

Employees Compensation (Amendment) Bill, 2016

  • Passed by Parliament

  • Bill amends the Employee’s Compensation Act, 1923

  • Ensures compensation up to Rs. 1 lakh to employee if an injured in an industrial accident.

  • Imposes hefty penalty in case of any violation by the employers.

Features:

  • Mandatory for employers to inform the employee of his right to compensation under the Act.

  • Employer penalised if he fails to inform his employee of his right to compensation.

  • Permits the central government to further raise this amount.

  • Provision of withholding payments pending appeal.

Maternity Benefit (amendment) Bill, 2016

  • Passed by Parliament.

  • To raise maternity leave for working women from 12 weeks to 26 weeks for two surviving children.

  • India will be in 3rd position in terms of the number of weeks allowed for maternity leave in world after Norway (44 weeks) and Canada (50).

Features of bill:

  • Maternity leave

  • Creche facilities

  • Work from home

  • Information about benefits

  • Applicability

Rights of Persons with Disabilities Bill, 2016

  • Passed by Rajya Sabha.

  • Bill repeals Persons with Disabilities (Equal Opportunity Protection of Rights and Full Participation) Act of 1995.

Features of the bill:

  • Define disability

  • Rights of persons with disabilities

  • Education and skill development

  • Employment

  • Legal Capacity

  • Guardianship

  • District level committees

  • Central and State advisory boards on Disability

  • National and State Fund

  • Punishment

Taxation Laws (Second Amendments) Bill, 2016

  • Union Government introduced the Taxation Laws (Second Amendment) Bill, 2016 in the Parliament.

  • It proposes, taxation and Investment Regime for Pradhan Mantri Garib Kalyan Yojana, 2016 an anti-poverty scheme.

Key Features of Bill:

  • Mandatory for black money declarants to deposit 25 % of amount disclosed in PMGKY 2016 for a 4 year lock-in period without interest.

  • PMGKY scheme will have to pay a tax at the rate of 30 % of the undisclosed income.

  • Declarants will have to deposit 25 % of the undisclosed income in a scheme.

  • Money from PMGK will be used for projects in irrigation, infrastructure, primary education, primary health, housing, toilets and livelihood.

  • Assessing officer can charge a 10 % penalty in addition to the 75 % tax.

The Aadhaar (Targeted Delivery of Financial and Other Subsidies, Benefits and Services) Bill, 2016

Purpose of the bill:

  • Provide for targeted delivery of subsidies and services.

  • To individuals residing in India by assigning them Aadhaar numbers.

  • Requirement of Aadhaar’s statutory existence came up due to recent Supreme Court judgments.

Key provisions:

  • Information to be submitted

  • Enrolment

  • Use of Aadhaar number

  • Compositions of unique identification authority

  • Authentication

  • Response to authentication query

  • Protection of information

  • Cases when information may be revealed

  • Offences and penalties

  • Cognizance of offence

Draft National Medical Commission Bill, 2016

  • NITI Ayog introduced National Medical Commission Bill, 2016.

  • It would be extending to the whole country recently in order to create world class educational system.

  • Bill seeks to repeal Indian Medical Council Act 1956.

  • Replaced by a body called National Medical Commission.

Objectives:

  • Seeks to ensure adequate supply of high quality medical professionals at both undergraduate and postgraduate levels.

  • Encourage medical professionals.

  • Provide for objective periodic assessments of medical institutions.

  • Facilitate the maintenance of a medical register for India.

  • Enforce high ethical standards in all aspects of medical services.

Admiralty (Jurisdiction and Settlement of Maritime Claims) Bill 2016

  • India is a leading maritime nation and maritime transportation caters.

  • About 95 % of its merchandise trade volume.

  • The repealing of five admiralty statutes.

  • It is in line with the Government’s commitment to do away with archaic laws which are hindering efficient governance.

Provision of bill:

  • Union Cabinet has given approval of this bill.

  • Bill consolidates the existing laws relating to admiralty jurisdiction of courts.

  • Repeals five obsolete British statues on admiralty jurisdiction in civil matters:

    • The admiralty Court act, 1840

    • The admiralty Court Act, 1861

    • Colonial Courts of Admiralty act, 1890

    • Colonial courts of admiralty (India) Act, 1891

    • Provisions of the letters patent, 1865 applicable to the admiralty jurisdiction of the Bombay, Calcutta and Madras High Courts.

Citizenship Amendment Bill, 2016

  • Proposed amendments to citizenship Act, 1955.

  • The Bill amends the Citizenship Act, 1955 to make illegal migrants.

  • Bill provides that the registration of Overseas Citizen of India (OCI) cardholders may be cancelled if they violate any law.

  • This amendment makes it easy to obtain India citizenship.

  • For those fleeing religious persecution in mentioned three countries:

    • Afghanistan

    • Pakistan

    • Bangladesh

Issues:

  • Bill makes illegal migrants eligible for citizenship on the basis of religion.

  • India is not like Israel, which is a Jewish state, offering the “right to return” to Jews anywhere in the world.

  • Bill allows cancellation of OCI registration for violation of any law.

The Enemy Property (Amendment and Validation) Fourth Ordinance, 2016

  • Promulgated on August 28, 2016.

  • It amends:

    • The Enemy Property Act, 1968

    • The Public Premises (Eviction of Unauthorised Occupants) Act, 1971

  • Previously three similar Ordinances had been promulgated in January, April and May 2016.

Key features:

  • Retrospective application

  • Vesting of enemy property

  • Divestment

  • Jurisdiction of courts

  • Powers of the Custodian

Draft Geo-Spatial Information Regulation Bill, 2016

  • The bill put forward by Ministry of Home affairs.

  • Seeks to ensure the security, sovereignty and integrity of India.

  • By regulating the collection and publication of geospatial information pertaining to India.

  • Includes “geospatial imagery or data” or “graphical or digital data” pertaining to the territory of India.

Provision of the bill:

  • “Security vetting Authority” will be established by the Union Government.

  • It will grant licenses to the individuals or organizations who want to use data.

  • Applicability:

    • Applies to all citizens of India, whether located within or outside India.

    • Also applies to foreigners in India or aboard ships or aircraft registered in India.

    • Does not apply to any Indian Central and State Government agencies.

  • Penal Provision:

    • Acquisition of such data without license,

    • Illegal dissemination,

    • Publication or distribution of geospatial information of India,

    • Use of geospatial information of India outside India would be considered illegal.

Institutes of Technology Amendment Bill, 2016

  • Parliament passed this bill to set up six new Indian Institutes of Technology (IITs).

  • The Bill seeks to amend the Institutes of Technology Act, 1961.

  • Declares certain Institutes of Technology as institutions of national importance.

  • Six new IITs will be:

    • Palakkad (Kerala)

    • Tirupati (AP)

    • Goa

    • Dharwad (Karnataka)

    • Bhilai (Chhattisgarh)

    • Jammu (Jammu and Kashmir)

Need for this bill:

  • Urgent need to check deterioration in the quality of education in the country.

  • Improve standing of Indian Education Institutions in the global ranking.

  • By increasing the quality and number of institutions of national importance.

  • To make funding available to the educational institutions.

International Child Abduction Bill, 2016

  • Indian Diaspora is spread all over the world.

  • There is an urgent need of a codified bill to protect the rights of abducted children.

  • Increased the issue of transnational inter - spousal child custody dispute

  • Increased cases of child being abducted by one of the parents.

  • When families get split across countries, conflicting child custody litigations are initiated under the separate legal systems of different nations.

Draft of the Civil Aspects of International Child Abduction Bill, 2016

  • Considers the removal to or the retention of a child in India.

  • Watershed verdict of the Supreme Court in Surya Vadanan v/s State of Tamil Nadu (2015).

  • Principle of Comity of Courts and nations

  • Principle of “first strike”

Draft Bill of ’Major Port Authorities Act, 2016

  • The Ministry of Shipping has prepared a draft Bill “Major Port Authorities Act, 2016”.

  • To replace the Major Port Trusts Act, 1963.

  • To promote the port infrastructure and facilitate trade and commerce.

Silent features of new bill:

  • Composition of board has been simplified.

  • Regulation to tariff by Tariff Authority for Major Ports (TAMP) has been removed.

  • Port related and non – port related use of land has been defined.

  • Need for Government approvals for:

    • raising loans

    • appointment of consultants

    • execution of contracts

    • creation of service posts have been dispensed with.

  • Concept of internal audit of the functions and activities of the Central Ports has been introduced.

  • An independent Review Board has been proposed.

  • Provisions of CSR & development of infrastructure by Port Authority have been introduced.

  • Status of Port Authority will be deemed as ‘local authority’

Medical Treatment of Terminally-Ill Patients Bill, 2016

  • An advance medical directive, also known as:

    • living will

    • personal directive

    • advance directive

    • medical directive or advance decision

  • It is a legal document in which a person specifies what actions should be taken for their health.

  • Euthanasia is the termination of a very sick person’s life in order to relieve them of their suffering.

Types of Euthanasia:

  • Based on consent

  • Voluntary Euthanasia

  • Non - Voluntary Euthanasia

  • Involuntary Euthanasia

  • Based on method of action

  • Active euthanasia

  • Passive euthanasia

  • Indirect euthanasia

Provision of bill:

  • Every competent patient, including minors aged above 16 years, has right to take a decision and express the desire.

  • For withholding/withdrawing a medical treatment.

  • For starting or continuing a medical treatment on himself or her.

  • Bill makes such a decision to be binding on the medical practitioner.

  • Practitioner should abstain from carrying out the decision for a period of three days after informing them.

  • Director - General of health services should create a medical panel for the purposes of the act.

  • Medical Council of India has been asked to provide guidelines for the medical practitioners with periodical reviews.

Model Shops and Establishment (Regulation of Employment and Conditions of Service) Bill, 2016

The Bill will now be sent to States/UTs to adopt the bill as it is or after modifying its provisions as per their requirements.

Bill Aim:

  • Improving the working conditions of workers

  • Creating many more job opportunities for women

  • Providing favourable environment for doing business

Features:

  • Apply to the shops and establishments employing ten or more workers except manufacturing units.

  • Women to be permitted during night shift.

  • No discrimination against women in the matter of recruitment, training, transfer or promotions.

  • Bill provides for freedom to operate 365 days in a year and opening/closing time of establishment.

  • Bill provides for an one common Registration for establishments through online in a simplified procedure.

  • Model Bill seeks to propose a number of welfare provisions.

  • It exempts highly skilled workers from daily working hours.

  • It would bring about uniformity in the legislative provisions across the country.

  • Facilitate the ease of doing business and generate employment opportunities.

  • Provides paid holidays for the workers.

The Motor Vehicles (Amendment) Bill, 2016

  • Bill introduced in Lok Sabha in August 2016.

  • Introduced by the Minister of Road Transport and Highways.

  • Bill seeks to amend the Motor Vehicles Act, 1988.

Aim:

  • Government committed to reduce the accidents and fatalities by 50 % in five years.

  • Act provides:

    • for standards for motor vehicles

    • grant of driving licenses

    • penalties for violation of these provisions

Why India need to Road Transport reforms?

  • Road transportation in India faces a number of problems.

  • Every year 5 lakh road accidents are reported in the country.

  • Comparatively easy and cheap to construct and maintain roads.

  • Carrying capacity of our roads has not been able to keep with the increase in vehicles.

  • This has led to traffic jams, delays, accidents and environmental pollution.

  • India’s road length low as compared to countries like Japan and Australia.

  • Needs an effective and efficient transportation system.

Trafficking of Persons (Prevention, Protection and Rehabilitation) Bill 2016

  • Trafficking is the third largest organised crime.

  • Time has now come to deal with it through a single comprehensive act.

  • Government is holding discussions with NGOs on the proposed bill.

  • Aimed at addressing various aspects of human trafficking.

Provisions of the draft bill:

  • Bill contains commitments on addressing prevention, protection, and rehabilitation of trafficked victims.

  • Treating trafficking as an organised crime.

  • Trafficker would be considered guilty until proven innocent.

  • Anti - Trafficking committees shall be constituted.

  • Central Anti -Trafficking Advisory Board

  • Central Government shall constitute a Special Agency for investigation of offences under the provisions of the Act.

  • Protection homes and Special homes shall be established.

  • State Governments frame Rehabilitation and Social integration programmes for the rescued persons.

  • Special Courts

Compensatory Afforestation Fund (CAF) Bill, 2016

  • Allows States to access nearly Rs. 42, 000 crore and channel into Afforestation projects.

  • Bill establishes:

    • National Compensatory Afforestation Fund under the Public Account of India.

    • State Compensatory Afforestation Fund under the Public Account of each state.

  • Also establishes National and State Compensatory Afforestation Fund Management and Planning Authorities.

  • Net present value (NPV) of forest is the value of diverted forest.

  • These Funds will receive payments for:

    • Compensatory Afforestation

    • Net present value of forest (NPV)

    • Other project specific payments

Enforcement of Security Interest and Recovery of Debts Laws and Miscellaneous Provisions (Amendment) Bill, 2016

Bill amends:

  • The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002.

  • The Recovery of Debts due to Banks and Financial Institutions Act, 1993

  • The Indian Stamp Act, 1899

  • The Depositories Act, 1996

  • Bill empowers banks to confiscate security in the case of loan default.

Aim:

  • Faster recovery and resolution of bad debts by banks and financial institutions

  • Making it easier for asset reconstruction companies (ARCs) to function.

  • Enabling infrastructure to effectively deal with non - performing assets

Surrogacy (Regulation) Bill, 2016

  • Bill will regulate surrogacy in India by establishing National Surrogacy Board at the central level.

  • Bill applies to whole of India, except the state of Jammu and Kashmir.

  • Foreigners, even Overseas Indians are barred from commissioning surrogacy.

  • Unmarried couples, single parents, live in partners and homosexuals cannot opt for surrogacy as per the new bill.

  • The legislation will ensure:

    • effective regulation of surrogacy

    • prohibit commercial surrogacy

    • allow ethical surrogacy to the needy infertile couples

The Admiralty (Jurisdiction and Settlement of Maritime Claims) Bill, 2016

Parliament passed The Admiralty (Jurisdiction and Settlement of Maritime Claims) Bill, 2016 dealing with cases of accidents in navigable waters or contracts related to commerce on such waters.

  • The Bill upgrades laws related to civil matters of admiralty jurisdiction of courts, maritime claims, arrest, and detention of ships.

  • It repeals Admiralty Court Act, 1861, Colonial Courts of Admiralty Act, 1890.

Details of the Bill:

  • Admiralty Jurisdiction

  • Maritime Claims

  • Priority of Maritime Claims

  • Jurisdiction Over a Person

  • Arrest of vessel

  • Appeals

  • Assessors

Minimum Wage: New Wage Code Bill

  • Labour Code on Wages Bill will ensure a minimum wage across all sectors by integrating existing labour related laws.

  • The Labour Code on Wages Bill consolidates:

    • Minimum Wages Act, 1948,

    • Payment of Bonus Act, 1965,

    • Payment of Wages Act, 1936

    • Equal Remuneration Act, 1976

About the New Wage Code Bill

  • Streamlines the definition of wages by amalgamating four wage-related statutes.

  • Empowers the Centre to set a minimum wage across sectors, and states to maintain that.

  • Minimum wage applicable on all workers, even workers getting higher than Rs. 18, 000.

  • Expected to benefit over 4 crore employees across the country.

Indian Institute of Petroleum & Energy (IIPE) Bill, 2017

  • The Parliament has passed The Indian Institute of Petroleum and Energy (IIPE) Bill, 2017 after it was adopted by Rajya Sabha, Lok Sabha already passed the bill in August 2017.

  • Bill establishes the IIPE at Vishakhapatnam, Andhra Pradesh as an institution of national importance.

Targets of IIPE:

  • The IIPE aims to provide high quality education and research focusing on all aspects and themes of petroleum, hydrocarbons, and energy.

  • The IIPE will actively pursue research and development in the fields such as liquefied natural gas, biofuels, and renewables.

  • The bill set-ups key authorities for governance and management of IIPE.

  • They are General Council, Board of Governors, Senate; and any other authorities declared by statutes.

Rights of Children to Compulsory Education (Amendment) Bill, 2017

Passed by Lok Sabha

Provisions:

  • Seeks to amend the right of children to free and compulsory education Act, 2009.

    • By extending deadline for teachers

    • To acquire prescribed minimum qualifications for appointment

  • Under the Act the states which did not have adequate teacher training institutes.

    Or

  • Qualified teachers could relax minimum qualification extending till five years (i. e. till March 2015)

  • Amendment bill further adds that the teachers, who have not attained the minimum qualification till March 2015.

  • It will now be required to attain qualifications by March 2019.

Specific Relief (Amendment) Bill, 2017

Lok Shabha passed this bill to further ease procedures for doing business in India. Bill seeks to amend the Specific Relief Act, 1963.

Features of bill:

  • Specific performance

  • Substituted performance

  • Injunctions

  • Special courts

  • Recovery of possession

  • Experts

Specific Relief Act, 1963

  • Sets out remedies available to parties whose contractual or civil rights violated.

  • Sets out two main remedies to party whose contract has not been performed.

The Companies (Amendment) Act, 2017

  • Ministry of Corporate Affairs notified the Companies (Amendment) Act, 2017.

  • Amended some provisions of Companies Act, 2013.

  • Few provisions are important bearing on the working of the Insolvency and Bankruptcy Code (IBC), 2016.

Aims:

  • To help in simplifying procedures

  • Make compliance easy

  • Take stringent action against defaulting companies.

Key Facts:

  • Issuance of shares at a discount

  • Payment of managerial remuneration in excess

  • Prohibition of registered valuer from undertaking valuation of any assets

High Court and Supreme Court Judges (Salaries and Conditions of Service) Amendment Bill, 2017

  • Lok Sabha Passed this bill to hike the salaries of judges of the Supreme Court (SC) and High Courts (HCs).

  • To amend HC Judges (Salaries and Conditions of Service) Act, 1954 and SC Judges (Salaries and Conditions of Service) Act, 1958.

  • Regulate salaries and conditions of service of judges of HCs and SC.

Features of the bill:

  • Salary

  • Allowances

  • Pension

Salary per Month

Table contain shows the Salary per Month

Table contain shows the Salary per Month

Judge

Now

After Hike

CJI

Rs. 1, 00, 000

Rs. 2, 80, 000

SC Judge

Rs. 90, 000

Rs. 2, 50, 000

CJ (HC)

Rs. 90, 000

Rs. 2, 50, 000

HC Judge

Rs, 80, 000

Rs. 2, 25, 000

The Ancient Monuments and Archaeological Sites and Remains (Amendment) Bill, 2017

  • Lok Sabha passed to low government to take up infrastructure projects within prohibited areas around protected monuments.

  • Amends the Ancient Monuments and Archaeological Sites and Remains (AMASR) Act, 1958.

Key features of Bill:

  • To permit construction of public works in ‘prohibited areas’ for public purposes.

  • Introduces definition for ‘public works’.

  • Construction of any infrastructure that is financed and carried out by central government for public purposes.

  • Bill empowers central government to allow public works based on recommendation of National Monuments Authority (NMA).

National Bank for Agriculture and Rural Development (NABARD) (Amendment) Bill, 2017

  • Passed by Parliament with the approval of Rajya Sabha.

  • Bill seeks to amend (NABARD) Act, 1981.

  • Act establishes NABARD for providing and regulating facilities like credit for agricultural and industrial development in the rural areas.

Features of Bill:

  • Allows Union Government to increase:

    • capital of NABARD from Rs. 5000 crore to Rs. 30, 000 crore

    • capital more than Rs. 30, 000 crore in consultation with the Reserve Bank of India (RBI), if necessary.

  • Provides that Union Government alone must hold at least 51 % capital share of NABARD.

  • Allows NABARD to provide financial assistance to banks if they provide loans to the MSMEs.

Insolvency & Bankruptcy Code Amendment Bill, 2017

  • Lok Sabha Passed this bill to pave the way for tightening loopholes in existing code and to make resolution process more effective.

  • Bill amends Insolvency & Bankruptcy Code, 2016.

  • Replaces an Ordinance promulgated in November 2017.

  • IBC enacted in 2016 to find a time-bound resolution for ailing and sick firms.

Features of Bill:

  • Resolution applicant

  • Eligibility for resolution applicants

  • Ineligibility to be a resolution applicant

  • Liquidation

  • Penalties

Indian Institutes of Management Bill, 2017

  • Lok Sabha passed this bill by voice vote.

  • Bill seeks to empower these institutions to attain standards of global excellence in:

    • management

    • management research and

    • allied areas of knowledge

  • Also, promises to grant administrative, academic and financial autonomy to these B-Schools and allow them to grant degrees.

Highlights of bill:

  • Allows IIMs to grant degrees to their students.

  • Also, grants them complete autonomy, combined with adequate accountability.

  • Establishes coordination Forum of IIMs as an advisory body.

  • Board will have greater participation of experts and alumni.

  • Also, include women and members from Scheduled Castes/Tribes.

  • India has 20 IIMs now.

  • All IIMs are separate autonomous bodies registered under the Societies Act.

Collection of Statistics (Amendment) Bill, 2017

Parliament passed this bill after the approval of Rajya Sabha.

Aims:

  • Amending the Collection of Statistics Bill, 2008.

  • Facilitates the collection of statistics related to social, economic, demographic, scientific and environmental aspects, by central, state and local governments.

  • Allows the appointment of statistics officers to collect information and contains provisions to ensure security of information.

Features of Bill:

  • Jurisdiction of the 2008 Act

  • Nodal Officer

  • Use of Information

Indian Institutes of Information Technology (PPP) Bill, 2017

  • Lok sabha passed this bill.

  • To allow 15 IIITs established on a PPP model to grant degrees and get statutory status.

  • Also, seeks to grant institute of national importance status to IIITs on the lines of the (IITs) and National Institutes of Technology (NITs).

Features of bill:

  • Define PPP

  • Establishment of an institute

  • Role of the industry partner

  • Board of Governors

  • Senate

  • Coordination/forum

  • Funds of the institute

Financial Resolution and Deposit Insurance Bill, 2017

  • Union cabinet approved the proposal to introduce this bill.

  • Provide a comprehensive resolution framework for financial sector entities.

  • To deal with bankruptcy situation in banks, insurance companies, and other entities.

  • Pave way for the establishment of Resolution Corporation.

  • Resolution Corporation be:

    • Mandated to protect the stability and resilience of the financial system

    • Protecting public funds

    • Protecting the consumers of covered obligations up to a reasonable limit.

  • New bill will complement the Insolvency and Bankruptcy Code, 2016.

  • By providing a comprehensive resolution framework for the financial sector.

Human Immunodeficiency Virus (HIV) and Acquired Immune Deficiency Syndrome (AIDS) (Prevention and Control) Bill, 2017

  • Passed by Parliament.

  • It is the first national HIV law in South Asia

  • Bill seeks to safeguard the rights of people living with HIV and affected by HIV.

Aims: To prevent social stigma and discrimination against people living with HIV (PLHIV).

Key Provisions:

  • Prevention and control the spread of HIV and AIDS.

  • It prohibits discrimination against persons with HIV and AIDS.

  • Privacy of PLHIV

  • Safeguarding Rights

  • Grounds of discrimination

  • Pre-requisite HIV testing

Requisitioning and Acquisition of Immovable Property (Amendment) Bill, 2017

  • Lok Sabha passed Requisitioning and Acquisition of Immovable Property (Amendment) Bill, 2017.

  • Making it easier for government to acquire immovable property for “national security and defence purpose”.

  • Amends the Requisitioning and Acquisition of Immovable Property Act, 1952 and changes rules for payment of compensation.

  • The Act provides central government powers to requisition immovable property or land for any public purpose such as defence, central government offices, and residences.

Key Amendments of Bill:

  • Retrospective application

  • Re-issue of notice for acquisition

  • Interest payable on compensation

  • Applicability of enhanced compensation

Kapu Reservation Bill, 2017

  • Andhra Pradesh Legislative Assembly passed Kapu Reservation Bill, 2017 providing 5 % quota in education and employment by including them in Backward Classes list.

  • The Telugu word Kapu or protector.

  • They are also referred to by their caste title Naidu, which means leader.

  • Descendants of the Kaampu tribe, an Indo-Aryan tribe, which migrated from Kampilya, Mithila and Ayodhya.

  • Kapu are primarily Hindu. They also live among many Muslims.

  • Justice Manjunath commission constituted by present government recommended reservation to Kapu community.

  • Bill was sent to Centre for its consent, requesting Centre to include this reservation in the 9th Schedule, to insulate it from judicial review.

The Code on Wages Bill 2017

  • As part of labour law reforms, the Government has undertaken the exercise of rationalization of the 38 Labour Acts into 4 labour codes-

    • Code on Wages

    • Code on Industrial Relations

    • Code on Social Security,

    • Code on occupational safety, health, and working conditions.

  • The Code on Wages Bill 2017 was introduced in Lok Sabha on 10.08. 2017 subsuming 4 existing Laws:

    • The Minimum Wages Act, 1948

    • The Payment of Wages Act, 1936

    • The Payment of Bonus Act, 1965

    • The Equal Remuneration Act, 1976

State Banks (Repeal and Amendment) Bill, 2017 and Banking Regulation (Amendment) Bill, 2017

Parliament passed Banking Regulation (Amendment) Bill, 2017 replacing the Banking Regulation (Amendment) Ordinance, 2017 promulgated by President in May 2017.

  • Amends Banking Regulation Act, 1949- provisions for handling stressed assets or non-performing assets (NPAs) of banks.

  • Stressed assets (NPAs) are loans defaulted in repayment or those restructured by changing the repayment schedule.

  • Empowers RBI to issue directions to banks for resolution of stressed assets.

  • Enables RBI to specify committees or authorities to banks on resolution of stressed assets.

Need for Amendment:

  • Bank NPAs stand at Rs. 6.41 lakh crore in the public sector banks with stressed assets at Rs. 8.02 lakh crore.

  • This is way more than comfort zone of RBI and hence RBI intervened to take urgent measures for their speedy resolution.

  • In addition, infrastructures in Debt Recovery Tribunal, National Company Law Tribunal expanding to deal with stressed assets.

Fugitive Economic Offenders (FEO) Bill, 2018

  • Union Cabinet approved this bill in Parliament.

  • Bill proposed by Finance Ministry.

  • Bill aims:

    • To help banks and other financial institutions achieve higher recovery from financial defaults committed by fugitive economic offenders.

    • Improving the financial health of such institutions.

    • Empower law enforcement agencies to confiscate the assets of economic absconders.

Features of Bill:

  • To define category of economic offenders as criminals.

  • Wilful defaults, cheating & forgery to be deemed as economic offense.

  • New law allows the government to impound, seize and seal assets.

  • Includes confiscation of other property belonging to such offender in India and abroad, including benami property.

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Expected Questions on Bills, Acts, Policies 2018 (In Hindi)

Dr. Manishika Jain discusses Expected Questions on major Bills, Acts, Policies for SSC, bank PO and IAS exam

👌 implies important for Objective Questions/MCQ

📝 implies important for Subjective Questions

📹 implies covered in Videos or Upcoming Videos

- Published/Last Modified on: June 1, 2018

Policy/Governance, Bills

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