National
Govt To Launch Atal Pension Yojna (APY) On 1 June
Atal Pension Yojna (APY), announced in the 2015-16 Budget , will be launched on 1st of June 2015 and will focus on all citizens in the unorganised sector entitling them to a pension of up to Rs 5,000 per month after 60 years of age. The existing subscribers of Swavalamban Scheme would be automatically migrated to the APY pension scheme, unless they opt out. The minimum age of joining APY is 18 years and maximum age is 40 years.
Parliament Passes Citizenship (Amendment) Bill, 2015
Parliament on 4 March passed the Citizenship (Amendment) Bill, 2015. The bill was passed by Lok Sabha on 2 March and was cleared by the upper house also called Rajya Sabha on 4 March 2015. The bill seeks an amendment in the Citizenship Act, 1955 and to merge the Person of Indian Origin (PIO) and Overseas Citizenship of India (OCI) schemes.
Lok Sabha Passed Land Acquisition (amendment) Bill, 2015
Lok Sabha on 10 March 2015 passed the Land Acquisition (amendment) Bill, 2015. The bill was passed by voice vote along with incorporated 9 new amendments moved by Union government. The bill amends the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement (RFCTLARR) Act, 2013.
Parliament Passed Insurance Laws (Amendment) Bill, 2015
Parliament has passed Insurance Laws (Amendment) Bill, 2015. It was first passed in Lok Sabha on 4 March 2015 and later in Rajya Sabha on 12 March 2015. In both the houses the bill was passed by voice vote. The amendment bill replaces ordinance promulgated in this regard and aims to bring improvements and revisions in the existing laws relating to insurance business in India.The amendment bill hikes Foreign Direct Investment (FDI) cap in the insurance sector to 49 percent from present 26 percent.
Parliament Passed Mines and Minerals (Development and Regulation) Amendment Bill, 2015
Parliament has passed Mines and Minerals (Development and Regulation) Amendment Bill, 2015. The bill was first passed in Rajya Sabha and later in Lok Sabha on 20 March 2015.The Bill was passed in Rajya Sabha after the Union government had accepted the recommendations of the Select Committee. The amendments in the bill were made in the bill passed by Lok Sabha on 4 March 2015.It seeks to amend the Mines and Minerals (Regulation and Development) Act, 1957 and replace the ordinance promulgated in January 2015.
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