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Legal Metrology Rules Mandates MRP on Medical Devices

New Delhi (ABC Live):Legal Metrology Rules : Minister of State for Road Transport & Highways, Shipping and Chemicals & Fertilizers, Shri Mansukh L. Mandaviya, in a written reply to a question in Lok Sabha today, informed that it would become mandatory for medical devices to print/label MRP on the packages. Shri Mandaviya stated that Ministry of Consumer Affairs, Food and …

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Justice Srikrishna to Head Data Protection Bill Committee

New Delhi (ABC Live): Data Protection Bill Committee  : Recognizing the importance of data protection and keeping personal data of citizens secure and protected, Ministry of Electronics and Information Technology (MeitY), Government of India has, on 31st July 2017, constituted a Data Protection Bill Committee under the Chairmanship of Justice B N Srikrishna, Former Judge, Supreme Court of India and …

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NAAC Monitors Private Universities in India

New Delhi (ABC Live):NAAC :National Assessment and Accreditation Council (NAAC) is the recognized accreditation agency in the Country for all Higher Educational (Non-technical) Institutions. As per procedure for accreditation, the Institutions/Universities submit the data and information in the prescribed format to NAAC. The data are validated by a peer team constituted by NAAC before submission of its report to NAAC …

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India Natural Rubber Consumption Increases 5 percent

New Delhi (ABC Live):India Natural Rubber Consumption : Consumption of Natural Rubber (NR) has  increased from 994,415 tonne in 2015-16 to 1044,075 tonne in 2016-17 mainly due to rise in the demand of auto tyre sector.  The details are as under: Consumption of NR (Tonne)   2015-16 2016-17 (Provisional) Growth (%) Auto Tyre Sector 663,495 707,335 6.6 Non-Tyre sector 330,920 …

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India Signs New Trade Agreement with Bhutan

New Delhi (ABC Live): New Trade Agreement :The bilateral trade relations between India and Bhutan are governed by the Agreement on Trade, Commerce and Transit between the Government of India and Bhutan. The Agreement provides for a free trade regime between the territories of India and Bhutan. The Agreement also provides for duty free transit of Bhutanese merchandise for trade …

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Shell Companies Task Force Informs Its Actions

New Delhi (ABC Live):Shell Companies Task Force : A ‘Task Force on Shell Companies’ under the Joint Chairmanship of Revenue Secretary and Secretary, Ministry of Corporate Affairs was constituted in February, 2017 for effectively tackling the malpractices by shell companies/ponzy companies/khoka companies in a comprehensive manner adopting whole of the government approach. Other members of the Task Force are from …

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Non-Resident Indians May Invest in Stocks as Per Regulations

New Delhi (ABC Live): Non-Resident Indians (NRIs) can invest in India as per the following regulation of Foreign Exchange Management (Transfer or issue of Security by a person resident outside India) Regulations, 2000 dated May 3, 2000 as amended from time to time: As per Regulations 5(1), NRIs may invest in shares/Compulsorily Convertible Preference Shares (CCPS)/ Compulsorily Convertible Debentures (CCDs)/warrants/ …

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India Fails to Attracts FDI in Defence Industry

New Delhi (ABC Live):Defence Industry : Foreign Direct Investment (FDI) Policy has been gradually liberalized in the last two years. Since defence projects involve long gestation period and investment inflow takes time even after the projects are approved and contracts awarded, there is always a time lag before the impact of FDI is visible. In the year 2014-15, FDI of …

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India Aims 600 Million Broadband Connections By 2020

New Delhi (ABC Live):Broadband Connections :The Minister for Communications Shri Manoj Sinha said that as per information provided by Telecom Regulatory Authority of India (TRAI), there were 422.19 million broadband subscribers and the internet penetration (internet subscriber per 100 populations) was 32.86% in the country as on 31st March 2017. In a written reply to a question in the Rajya …

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Rajya Sabha Passes IIT Privatization Bill 2017

New Delhi (ABC Live): IIT Privatization Bill 2017 : Rajya Sabha today passed the Indian Institute of Information Technology Public Private Partnership (IIIT-PPP) Bill 2017. The bill has already been passed in Lok Sabha. Today in Rajya Sabha Dr. Mahendra Nath Pandey, Minister of State (HRD) told that this bill is required to grant degrees to the students IIITs set up in PPP …

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