Policy Update: August 3- August 10

Need for gram sabha’s consent for projects affecting forests done away with; inspection of mining projects by ministry officials for plots less than 100 hectares removed; no need for compensatory afforestation.

 

100 per cent FDI only in areas such as high-speed train systems, suburban corridors and dedicated freight line projects implemented in PPP mode.

 

In states where rainfall shortage is more than 50 per cent to protect the standing kharif crops. Special package of Rs 35,000 per hectare to farmers for rejuvenation of horticultural crops in drought-hit declared areas.

 

Allows Juvenile Justice Board to decide on reducing juvenile age to 16 years, but the juvenile involved in a heinous crime will not be sentenced to death or life imprisonment.

 

The CVC in an RTI reply had said it’s difficult to collate specific data but complainant demanded more transparency claiming that CVC disposes of most of the complains without any action.

 

Says it distorts the market and cultivation patterns and increases the subsidy burden.

 

RBI's cell has compounded 844 cases of foreign exchange violations by industrial houses and MNCs.

 

Agitated students argued that their fight was never about languages, but about the exam pattern which favour-science students.

 

The bank official took Rs 50 lakh bribe for increasing credit limit of some companies in violation of banking rules. 

 

A few years ago adoption agencies were asked to stick to a ratio of 80:20, with only a fifth of the eligible children for adoption abroad, in a move introduced to curb overseas child trafficking in the garb of adoption. 

 

MFL, NFL and BVFCL did not have the required number of independent directors on their board 

 

Aadhaar to be used for opening accounts and to eliminate ghosts and duplicates from beneficiary rolls, but RuPay ATM cards with bank accounts to be opened under new financial inclusion drive.

 

Increase in the prices of yellow metal is the main reason for the growing smuggling cases. Its demand has not come down.

 

Supreme Court changes the ground rule under which a case could be initiated by the holder of the cheque at his place of business or residence. Now the case has to be initiated at the place where the branch of the bank on which the cheque was drawn is located.

 

Will replace the collegium system for the selection of judges.

 

Court accepts dismissal report submitted by the state.

 

To safeguard interest of the domestic textile industry and silk producing farmers from the adverse impact of cheaper imports.

 

Building of some key roads, cooperation in power sector and increase in the number of scholarships from 180 to 250.

 

The total value of the ‘vanishing companies’ could be in excess of Rs 29,000 crore