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    Lok Sabha passes consumer protection bill
    Atal Innovation Mission (AIM) to launch a new program for Community Innovation tomorrow
    THE COMPANIES (AMENDMENT) BILL, 2019 - AS PASSED BY LOK SABHA ON 26.07.2019
    New Wage Code Bill - The salient features of the Code on Wages, 2019
    The Fifteenth Finance Commission holds meeting with the Government of Chhattisgarh
    Commerce & Industry Minister reviews preparations of India’s Participation in Dubai World Expo 2020
    THE BANNING OF UNREGULATED DEPOSIT SCHEMES BILL, 2019 - AS PASSED BY LOK SABHA ON 24.07.2019
    THE COMPANIES (AMENDMENT) BILL, 2019 - AS INTRODUCED IN LOK SABHA
    Cabinet approves Determination of ‘Fair and Remunerative Price’ of sugarcane payable by sugar mills for 2019-20 sugar season
    Cabinet approves creation of buffer stock of 40 LMT of sugar for a period of one year from 1st August 2019 to 31st July 2020
    India Ranked 52nd in Global Innovation Index-2019
    Release of India’s R&D expenditure eco-system report
    Indicators for monitoring of compliance with Sustainable Development Goals (SDGs)
    Steps taken for Improving Statistical System
    Draft National Policy on e-COMMERCE
    IBBI amends Insolvency and Bankruptcy Board of India (Insolvency Professionals) Regulations, 2016 and the Insolvency and Bankruptcy Board of India (Mo...
    The Fifteenth Finance Commission meets representatives of Chhattisgarh Urban Local Bodies
    The Fifteenth Finance Commission meets representatives of Chhattisgarh PRIs
    CBDT continues follow up in cases connected with J&K Bank
    The Fifteenth Finance Commission holds meeting with the Ministry of Jal Shakti
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    July 30, 2019
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    Central Consumer Protection Authority strengthens consumer remedies and enables class actions, recalls, refunds and product liability enforcement.
    The bill replaces the existing law with a framework establishing Consumer Disputes Redressal Commissions at district, state and national levels and creates a Central Consumer Protection Authority (CCPA) empowered to prevent unfair trade practices, initiate class actions and order remedies including recall, refund and return of products, alongside statutory product liability and measures to improve consumer access to redress.
    July 30, 2019
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    Community innovation initiative to expand inclusive innovation infrastructure and access across underserved urban and rural regions.
    Atal Innovation Mission will launch a community innovation program to broaden access to innovation infrastructure and foster grassroots innovation across underserved, unserved and marginalised areas, explicitly targeting Tier 1-3 cities, smart cities, aspirational districts, North East, Jammu and Kashmir, and rural and tribal regions to achieve socially inclusive distribution of innovation resources.
    July 29, 2019
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    Companies Amendment Bill 2019 requires new companies to file declarations and verify registered office before commencing business.
    A new section 10A requires companies incorporated after commencement with share capital to file, within 180 days, a director's declaration confirming subscribers have paid for shares and to file verification of the registered office before commencing business or exercising borrowing powers; failure attracts specified penalties and enables the Registrar to initiate removal of the company's name where reasonable cause exists.
    July 28, 2019
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    Minimum wage reform expands coverage and timely electronic payment with inspector facilitation and strengthened employer burden of proof.
    The Code on Wages, 2019 consolidates laws on wages, minimum wages, bonus and equal remuneration for organised and unorganised sectors; preserves Central and State powers to fix minimum wages while enabling appropriate Governments to set classification factors and a central floor wage; extends timely payment and authorised deduction protections to all employees; permits electronic payment; restructures enforcement through Inspectors-cum-Facilitators, designated authorities and appellate bodies; provides graded penalties, compounding, employer burden of proof for unpaid wages or bonus claims, and a three-year limitation for worker claims.
    July 25, 2019
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    Fiscal devolution: State requests increased vertical devolution and extended GST compensation amid rising debt pressures.
    The Fifteenth Finance Commission reviewed Chhattisgarh's fiscal profile and sectoral performance, noting indicators such as own tax revenue, revenue surplus, fiscal deficit, rising debt to GSDP, and reduced AT&C losses. It recorded concerns including health workforce shortages, high poverty incidence, incomplete devolution to local bodies, PSU arrears, and the State's proposed farm loan waivers. The State sought increased vertical devolution, extended GST compensation, and a dedicated share for local bodies while presenting a multi sector Demand for Grant in Aid and flagship rural programmes for Commission consideration.
    July 25, 2019
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    Permanent India Pavilion to serve as ongoing national showcase after Expo, promoting sectors, trade and tourism opportunities.
    India will construct a permanent, environment friendly India Pavilion in the Opportunity zone at the Dubai World Expo to serve as a continuing national showcase beyond the Expo period, displaying 27 focus sectors (including space, pharmaceuticals, IT, renewable energy and telecom), cultural programming and stalls from Central and State Governments and businesses. The Pavilion is being developed in Public Private Partnership mode with a state construction firm contracted and industry bodies assisting, while the Ministry urges planning for long term operation, stakeholder coordination and exploration of domestic satellite showcases to maximise export, investment and tourism benefits.
    July 25, 2019
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    Unregulated deposit schemes banned; attachment, restitution and criminal penalties provided to protect depositors under the Act.
    The Act bans Unregulated Deposit Schemes and forbids promotion, operation, advertisement or acceptance of deposits under such schemes; it defines deposits and deposit takers with specified exclusions, designates a Competent Authority with civil court powers to provisionally attach and vest property, and creates Designated Courts to confirm attachments, order sale and direct equitable distribution to depositors, with depositor claims given priority over other debts subject to certain statutory exceptions.
    July 25, 2019
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    Companies Amendment Bill 2019 tightens commencement and verification rules, shifts many offences to monetary penalties and strengthens governance safeguards.
    The Bill requires companies with share capital to file a director's declaration of subscriber payment and verify their registered office before commencing business or borrowing; non-compliance triggers specified monetary penalties and empowers the Registrar to physically verify offices and initiate name-removal proceedings. It converts many procedural offences into defined monetary penalties with strengthened adjudication and compounding rules, doubles penalties for repeated defaults within three years, and enhances powers to identify significant beneficial owners, to govern NFRA functions by divisions, to manage unspent CSR funds, and to declare individuals not fit and proper for directorships.
    July 24, 2019
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    Fair and Remunerative Price determination ensures uniform cane pricing with recovery-linked premium increasing growers' compensation.
    Determination of the Fair and Remunerative Price for the 2019-20 season was approved based on the price recommendation for the previous season and is fixed under the Sugarcane (Control) Order, 1966, to apply uniformly nationwide. A recovery-linked premium mechanism provides additional premium per quintal for increases in sucrose recovery above the specified threshold, connecting mill recovery performance to supplementary remuneration for growers.
    July 24, 2019
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    Buffer stock creation of sugar to stabilize prices and ensure reimbursement to mills credited to farmers' accounts.
    Creation of a buffer stock of sugar for one year to stabilize domestic prices and improve mill liquidity, funded by Government reimbursement of carrying costs to participating sugar mills; reimbursements to be paid quarterly and directly credited into farmers' accounts against cane price dues, with residual balances credited to mills, and subject to review or modification by the Department of Food and Public Distribution based on market conditions.
    July 24, 2019
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    Innovation ranking rise prompts mission mode R&D mobilization and calls to include rural innovation in global metrics.
    India's placement at 52nd in the Global Innovation Index 2019 is cited as motivating increased national efforts; the Commerce and Industry Minister urges mission-mode engagement by R&D institutions, universities and the private sector, requests that the World Intellectual Property Organization factor rural innovation into the GII methodology, and links innovation to sustainable solutions for pollution, water crises, resource depletion, climate change, food wastage and preventive healthcare aligned with the GII theme on medical innovation.
    July 24, 2019
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    R&D expenditure increase urged to meet international standards and improve national innovation ranking through greater private and state participation.
    The report notes that Central Government funding chiefly drives India's R&D expenditure and calls for greater State Government and private sector participation, especially in application oriented research. It documents CPSE action-mandated innovation cells (154 established) and rising CPSE R&D spend between 2014-15 and 2017-18-and sets three objectives: close R&D data gaps, examine sectoral expenditure trends and shortcomings, and roadmap increased national R&D spending aiming to reach at least two percent of GDP by 2022.
    July 24, 2019
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    National Indicator Framework establishes standardised SDG reporting, metadata requirements, a public progress dashboard, and a state performance index.
    A National Indicator Framework has been established with a comprehensive set of SDG indicators, together with a prescribed metadata format and reporting guidelines for source ministries, a public dashboard for indicator progress, and a state-level performance index produced by a central implementation Task Force to support monitoring and coordinated implementation.
    July 24, 2019
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    Statistical system strengthening enables States to upgrade data systems through MoU based central support and targeted capacity building.
    The framework establishes a decentralised model where States, via signed Memoranda of Understanding under the Support for Statistical Strengthening scheme, receive central technical assistance and funding to enhance statistical systems. Operative measures include compiling local-level statistics, creating integrated State databases, conducting targeted surveys to address data gaps, compiling core indicators, and strengthening human resources and IT and physical infrastructure through workshops and training.
    July 24, 2019
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    National e Commerce policy consultation underway; stakeholder views and an inter ministerial review of FDI in e commerce will inform policy design.
    A draft National e Commerce Policy has been placed for public consultation with stakeholder submissions under consideration. An inter ministerial Committee has been constituted to examine FDI in e commerce and provide recommendations. The announcement notes complementary digital economy measures-covering accessibility, payments, cybersecurity, e governance and procurement-and references national policies on electronics and software products as supporting instruments.
    July 24, 2019
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    Authorisation for Assignment requirement: insolvency professionals must hold agency-issued authorisation before undertaking insolvency assignments.
    The amendments require an insolvency professional to hold an agency issued Authorisation for Assignment before undertaking any assignment under the Code and prohibit holding employment while authorised or engaged on an assignment; registration during employment is permitted but employment must be discontinued to obtain the authorisation. They impose a one year restriction after conducting a corporate insolvency resolution process on employment or providing non Code services to significant creditors, successful resolution applicants, the corporate debtor or related parties, and bar appointing relatives or related parties to assignment related work. Agencies must issue/renew authorisations per bye laws and age limits for eligibility are prescribed.
    July 24, 2019
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    Devolution to urban local bodies drives review of functions, finance and GST revenue impact for local governance.
    The Commission reviewed devolution of 12th Schedule functions and fiscal transfers to ULBs in Chhattisgarh, recorded State Finance Commission-based revenue sharing and prior central grant allocations, and sought reasons for functions not yet devolved. It examined the revenue consequences for ULBs from subsuming advertisement and entertainment taxes into the national indirect tax regime and asked whether compensatory mechanisms exist. ULB representatives requested additional funds for solid waste management, sewage treatment, water-body rejuvenation, operation and maintenance of infrastructure, and for service delivery in conflict-affected areas; the Commission said it would address these in its recommendations.
    July 24, 2019
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    Devolution to Panchayati Raj Institutions and grant structure adjusted to address local infrastructure and livelihood needs.
    The Fifteenth Finance Commission reviewed assignment of all 29 Eleventh Schedule functions to Chhattisgarh PRIs, low own revenues at zilla and block levels, and noted that its current grant framework addresses only gram panchayats; it sought state clarity on including block and district tiers. The Commission recorded operational needs presented by PRIs-water conservation, GIS planning, road connectivity, SHG livelihood centres, minor forest processing, sanitation in scheduled areas, PRI training, rainwater harvesting, and village transformation initiatives (Narva, Garuva, Ghurva, Baadi)-for incorporation into its recommendations to the central government.
    July 24, 2019
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    Financial fraud and loan siphoning revealed through searches showing round tripping, fabricated transactions and undisclosed asset seizures.
    A search and seizure operation uncovered documentary and digital evidence of loan siphoning, fund diversion, round tripping through promoter-linked conduit entities, fabrication of transactions (including nominal asset transfers and fictitious employees), false operational claims to obtain bank credit, diversion of educational society receipts, and seizure of undisclosed cash and jewellery, indicating alleged violations of prudential lending norms, asset concealment and tax compliance obligations.
    July 23, 2019
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    Earmarking funds for WASH: channel Finance Commission allocations through gram panchayats for outcome based water services.
    The Ministry of Jal Shakti requested the Fifteenth Finance Commission to channel Finance Commission allocations through Gram Panchayats for Operation and Maintenance and source sustainability under the Jal Jeevan Mission, advancing outcome based financing tied to State performance, enhanced community and Gram Panchayat roles in planning and implementation, and emphasis on sustainability, community financing and IEC for water conservation.

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