Union Cabinet has approved the incorporation of Sagarmala Development Company (SDC) to push forward port-led economic development under ambitious Sagarmala project. SDC shall be incorporated under Company Act, 2013 with initial authorized capital of 1,000 Cr Rupees and subscribed share capital of 90 Cr Rupees. Sagarmala Project: Project to modernize India’s Ports so that port-led …
Rajya Sabha passes Child Labour (Prohibition and Regulation) Amendment Bill, 2012 Bill seeks to amend the Child Labour (Prohibition and Regulation) Act, 1986. Added a new category of persons called “adolescent” – between 14 and 18 years of age. Prohibition of employment of adolescents in hazardous occupations as specified (mines, hazardous processes and inflammable substance). …
Supreme Court has accepted majority of recommendations of Lodha Committee on reforms in BCCI. Approved recommendations include: Civil Servants, Politicians, and other above 70 years – cannot become BCCI members. Any member can’t hold post for more than 3 years. Parliament to decide if RTI applicable to BCCI. Member of Cag to be included in …
SpaceX successfully launched its Dragon Cargo capsule filled with supplies for astronauts aboard the International Space Station (ISS). The Dragon Cargo capsule was launched using SpaceX’s workhorse Falcon 9 rocket from Cape Canaveral, Florida. Key Facts: SpaceX: Space Exploration Technologies Corporation – Private company engaged in space transportation. Founded by Elon Musk – also founder …
Pema Khandu (36) of Congress Party was sworn in as the 10th Chief Minister of Arunachal Pradesh. Union Commerce Ministry has launched an e-marketplace portal for online purchase of goods and services by various central government ministries and departments. Portal has been developed by the Directorate General of Supplies and Disposals (DGS&D). The United Nations …
