Current Affairs Refresher on February 2020 for CLAT 2020

LEGAL NEWS

• The Vivad se Vishwas Scheme was announced by Finance Minister Nirmala Sitaraman during the Budget 2020-21.
• The Cabinet approved to make required changes in the Vivad Se Vishwas Bill, 2020
• The Cabinet approved to table the Pesticide Management Bill, 2020 in Parliament.
• The Union Cabinet approved the Assisted Reproductive Technology (Regulation) bill. The bill proposes to establish a national registry.
• The Government sets up a Consumer Protection Authority in order to implement the Consumer Protection Act.
• The concern authority (Consumer Protection Act.) is to begin working from April 2020.
• The Union Cabinet approved the 22nd Law Commission of India. The commission has been approved for a period of three years.
• The central Govt recently decided to establish Central Consumer Protection Authority under the Consumer Protection act, 2019. Consumer Protection Authority The authority protects, promotes and enforces rights of the consumers.
• The Supreme Court directs states to issue notification for establishing ‘Gram Nyayalayas’

NATIONAL

• Central Government plans to raise funds through LIC IPO
• Cabinet approves setting up a new Major Port at Vadhavan in Maharashtra
• The third private train of the IRCTC would run between Indore and Varanasi route.
• New World Bank project to improve groundwater management in select states of India
• IOCL signs first Term contract for importing Russian crude oil to India
• India becomes second-largest steel producer of Crude Steel

ECONOMY

• RBI Announces the rollout of a New Digital Payment Index.
• 15th Finance Commission Forms Panel for Separate Defence and Internal Security Fund.
• RBI not to print more notes to fill the fiscal deficit
• SEBI issues guidelines for alternative investment funds benchmarking.
• Co-operative banks to come under RBI watch.
• Government to infuse Rs 1,300 Cr in Exim Bank next fiscal