Union Government has launched Pharma Jan Samadhan scheme, for redressal of grievances of consumers related to drug pricing and availability of medicines.
It was launched by Union Chemicals and Fertilizers Minister Ananth Kumar in New Delhi.
India and Mauritius have inked 5 Memoranda of Understanding (MoU) to give new impetus to bilateral co-operation.
These MoUs were signed in Port Luis, Mauritius during Prime Minister Narendra Modi’s visit to island nation as part of three-nation tour of Seychelles, Mauritius and Sri Lanka for cementing strategic partnership with these island courtiers.
Supreme Court has barred High Courts (HCs) from entertaining pleas under writ jurisdiction against the verdicts of the Armed Forces Tribunal (AFT) in disputes pertaining to Armed forces. SC ruling also set aside the order of Delhi High Court which had allowed the writ petition against army personnel.
This judgment was given by two member SC bench comprising of Justices SJ Mukhopadhaya and NV Ramana.
The SC bench was hearing a bunch of appeals that had questioned whether the right of appeal under Section 30 of the Armed Forces Tribunal (ATF) Act, 2007 against an order of the Tribunal. It also questioned whether it will bar the jurisdiction of the HC under Article 226 of the Constitution regarding matters related to Armed Forces.
It should be noted that Section 30 of AFT Act stipulates that an appeal against the final decision or order of the Tribunal shall lie in the Supreme Court.
Union Government has appointed 9 Executive Directors (EDs) in Public Sector Banks (PSBs).
Their appointment was approved by Appointments Committee of the Cabinet on recommendation of selection panel headed by the Reserve Bank of India (RBI) Governor Raghuram Rajan.
Defending champion Karnataka on 12 March 2015 won Ranji Trophy for season 2014-2015.
Karnataka defeated Tamil Nadu by an innings and 217 runs in the final day of match played at the Wankhede stadium in Mumbai. With this victory, Karnataka clinched eight Ranji title. The man of the match was Karnataka’s Karun Nair who had scored 338 runs. The captain of Karnataka team was R Vinay Kumar and of Tamil Nadu team was Abhinav Mukund.
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 bill also seeks to remove archaic provisions in previous laws and incorporate modern day practices of insurance business that are emerging in a changing dynamic environment, which also includes private participation.
The amendment bill hikes Foreign Direct Investment (FDI) cap in the insurance sector to 49 percent from present 26 percent. It also adds provision for the establishment of Life Insurance Council and the General Insurance Council. These councils will act as self-regulating bodies for the insurance sector.
The bill also grants permission to PSU general insurers to raise funds from the capital market and increases the penalty to deter multilevel marketing of insurance products.
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