PRS Legislative News Alert

November 1 - 15, 2008

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Latest from PRS


The Companies Bill, 2008
Introduced in Lok Sabha on Oct 23, 2008.

The Limited Liability Partnership Bill, 2008
Introduced in Rajya Sabha on Oct 21, 2008.




Previous Alerts

April 1 - 15, 2008
April 16 - 30, 2008
May 1 - 15, 2008
May 16 - 31, 2008
June 1 - 15, 2008
June 16 - 30, 2008
July 1 - 15, 2008
July 16 - 31, 2008
Aug 1 - 15, 2008
Aug 16 - 31, 2008
Sep 1 - 15, 2008
Sep 16 - 30, 2008
Oct 1 - 15, 2008
Oct 16 - 31, 2008








Important Legislative News

Cabinet okays hike in FDI in insurance to 49 pc
Business Line, Nov 1

The Cabinet has given its approval for the introduction of the Insurance (Amendment) Bill, 2008 to increase the upper cap of foreign direct investment from the current 26 per cent to 49 per cent.

Cabinet okays South Asian University Bill
Business Line, Nov 1

The South Asian University Bill has received the Cabinet’s nod.  It plans to establish a South Asian University to provide world-class facilities and professional faculty to students from SAARC member countries.

Cabinet nod for Right to Education Bill
Indian Express, Nov 1


The central government has given its nod to the Right to Education Bill promising free and compulsory education for children between 6-14 age group.

Govt to raise LIC's paid-up capital to Rs 100 cr
Business Standard, Nov 1

The Union Cabinet approved a proposal to table a Bill in Parliament to increase the paid-up capital of state-run Life Insurance Corporation from Rs 5 crore to Rs 100 crore to bring its capital structure on a par with other players.

Panel reiterates: bring municipal services under consumer law
Live Mint, Nov  4

The Parliamentary Standing Committee on Food, Consumer Affairs and Public Distribution had recommended that all mandatory municipal services, such as water supply, be included in the Consumer Protection Act.  However, the ministry is not in favour of considering such a proposal.

ARC for checks on foreign funding
Indian Express, Nov  5

The Second Administrative Reforms Commission’s report recommended that stronger laws are needed to check foreign funding.  The Foreign Contribution (Regulation) Act, 1976 should be amended so that organisations getting over Rs 10 lakh a year as foreign contribution come under the scanner.

Foreign universities Bill unlikely to be tabled soon
Live Mint, Nov  10

The Foreign Educational Institutions (Regulation of Entry and Operations, Maintenance of Quality and Prevention of Commercialisation) Bill, 2007 that seeks to allow entry of foreign universities in India may not be tabled in the Parliament session scheduled in December because the ministry of human resource development has not finalized rules for deemed universities.