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Cabinet Approves ILO Recommendations No.204

New Delhi (ABC Live):ILO Recommendations :The Union Cabinet under the Chairmanship of Prime Minister Shri Narendra Modi has approved the proposal for placing the new Instrument adopted by International Labour Organization (ILO) – Recommendations concerning ‘The Transition from the Informal to the Formal Economy (No.204)’ before the Parliament. The International Labour Conference of ILO at its 104th Session held in …

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Amended Negotiable Instruments Act 2015 Settles Jurisdiction Issue

New Delhi (ABC Live): Negotiable Instruments Act  2015: The Negotiable Instruments (Amendment) Bill, 2015 was passed by the Parliament in the recently concluded Winter Session of the Parliament. The Negotiable Instruments (Amendment) Act, 2015 received the assent of the President on the 26th December, 2015 and has been published in the Gazette of India, Extraordinary on 29th December, 2015. The …

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RBI Issues 17 Directions under FEMA Act

Mumbai (ABC Live): The Reserve Bank of India today issued 17 Master Directions covering foreign exchange transactions. Master Directions on foreign exchange being issued today consolidate relevant A.P (DIR Series) Circulars issued so far within the ambit of the relevant regulations, amended up to date and cover different classes of transactions permitted under the rules and regulations framed under the Foreign Exchange …

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NHRC Holds Public Hearing on Right to Healthcare

New Delhi (ABC Live): The National Human Rights Commission is holding a two-day ‘Public Hearing on Right to Healthcare’ for the States of Gujarat, Maharashtra, Rajasthan, Goa and the Union Territories of Daman & Diu and Dadra & Nagar Haveli at Tata Institute of Social Sciences (TISS), Deonar, Mumbai on the 6th – 7th January, 2016. It is being organised …

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Know About International Court of Justice

New Delhi (ABC Live):The International Court of Justice is the principal judicial organ of the United Nations.  It was established by the United Nations Charter, signed in 1945 at San Francisco (United States), and began work in 1946 in the Peace Palace, The Hague (Netherlands). The International Court of Justice, which is composed of 15 judges, has a dual role:  in …

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PAN Mandatory for Cash Transaction Over Rs 50,000

New Delhi (ABC Live):The Government is committed to curbing the circulation of black money and widening of tax base. To collect information of certain types of transactions from third parties in a non-intrusive manner, it is mandatory under Rule 114B of the Income-tax Rules to quote PAN where the transactions exceed a specified limit. In case of transactions of sale …

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Sixteenth Lok Sabha Has 11 Bills Pendency by 2015

New Delhi (ABC Live): The sixteenth Lok Sabha, the lower house of Indian parliament which was constituted in May 2014 has pendency of 11 bills that have been introduced in house but still not passed. The Bills those are still in pendency queue are as under: Year Bill No. Short Title Date of Introduction / House Debate / Passed in …

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Know Juvenile Justice Act 2015

New Delhi (ABC Live): Juvenile Justice Act 2015 , The Rajya Sabha passed the landmark Juvenile Justice (Care and Protection of Children) Bill 2015 today. With this, the Bill stands passed in the Parliament. The Bill was earlier passed by the Lower House of the Parliament, Lok Sabha 7th May this year. In her introductory remarks to the motion for consideration …

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Legal Reforms Get Rs. 807 Crore for Access to Justice

New Delhi (ABC Live): National Mission for Justice Delivery and Legal Reforms was set up with the twin objectives of increasing access by reducing delays and arrears in the system and enhancing accountability through structural changes and by setting performance standards and capacities. The Mission for Legal Reforms has been pursuing a co-ordinated approach for phased liquidation of arrears and pendency …

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Lok Sabha Passes Arbitration and Reconciliation Bill 2015

New Delhi (ABC Live): The Lok Sabha has today passed the Arbitration and Reconciliation (Amendment Bill), 2015 by voice vote. The Bill seeks to make the arbitration process more investor-friendly, cost effective and suitable for expeditious disposal of cases. It will also facilitate in making India a hub of international commercial arbitration. It may be noted that the President had …

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