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Lok Sabha passes companies, banking Bills-Asit Ranjan Mishra, Liz Mathew and Surabhi Agarwal

-Live Mint Consideration of land acquisition Bill deferred after opposition seeks more time to study new clauses India’s Parliament got down to business on Tuesday with the Lok Sabha passing two critical Bills, the Companies Bill, 2011, and the Banking Laws (Amendment) Bill, 2011, although it deferred consideration of the land acquisition Bill. The new Companies Bill, when it is enacted, is expected to improve the quality of corporate governance by strengthening...

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Cabinet Nod for Changes in Competition Act

-Outlook The government today expanded the ambit of Competition Commission of India (CCI), with an amendment to the Competition Act, following which all sectors would fall under the purview of the fair trade regulator. Approving a proposal by the Ministry of Corporate Affairs in this regard, the Union Cabinet this evening decided to amend the Competition Act, 2002 with a view to fine tune the regulations to bring it at par with...

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Corruption

  KEY TRENDS   • According to the CMS-India Corruption Study 2018, among states, 73 percent households in Telangana, 38 percent in Tamil Nadu, 36 percent in Karnataka, 35 percent in Bihar, 29 percent in Delhi, 23 percent in Madhya Pradesh; 22 percent in Punjab and 20 percent households in Rajasthan experienced demand for bribe or had to use contacts/middlemen, to access the public services @@    • According to the CMS-ICS 2017 study, the states where...

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