Insolvency and Bankruptcy Board of India Amendments Subject : National Organisations Context : Recently, the Insolvency and Bankruptcy Board of India (IBBI) has notified the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Second Amendment) Regulations, 2016. Concept : Key Amendments A corporate debtor (CD) may have changed its […]

    Convene Indian Labour Conference Subject: National Organisations Context : The BharatiyaMazdoorSangh on Monday wrote to Prime Minister Narendra Modi asking him to convene the Indian Labour Conference (ILC), the most recent session of which was held in 2015, at the earliest. Concept : The Indian Labour Conference (ILC) is the apex level tripartite […]

    National Disaster Management Authority Subject : National Organisations Context : The Supreme Court directed the National Disaster Management Authority (NDMA) to frame guidelines for payment of ex-gratia compensation to family members of persons who succumbed to COVID-19. Concept : It also directed the NDMA to ascertain within six weeks ex-gratia amount that can […]

    Pattamadai mat weavers adopt digital marketing Subject : National Organisations Context : When the ‘kora’ mat weavers of Pattamadai village in Tirunelveli district wanted avenues to sell their products during the last lockdown, the Crafts Council of India decided to give them a month-and-half-long training on how to do business using internet and […]

    Aadhaar & PAN data of workmen in multiple cos under insolvency Subject : National Organisations Context : Officials aware of developments admitted to the “mistake”, which happened as the Insolvency and Bankruptcy Board of India (IBBI) was working on a portal to host details of claims by all creditors against corporates undergoing a […]

    Central Warehousing Corporation Subject : National organisations Context : Union Cabinet approves merger of Central Railside Warehouse Company Limited (CRWC) with Central Warehousing Corporation (CWC). Concept : Central Warehousing Corporation is a Mini-Ratna Category-I CPSE. It is a statutory body which was established under ‘The Warehousing Corporations Act, 1962. It is a public […]

    NATIONAL FINANCIAL REPORTING AUTHORITY (NFRA) Subject : National Organisations Context :NFRA has invited suggestions from public on consultation paper on NFRA’s engagement with its stakeholders. Concept : NFRA is an independent regulatory body set up under Section 132 of the Companies Act. It was established by the Central Government in October 2018. After […]

    National Internet Exchange of India (NIXI) Subject: Economy /National Organisations Context: Recently, the National Internet Exchange of India (NIXI) had celebrated its 18th Foundation Day. Concept: About National Internet Exchange of India (NIXI) It is a not for profit Organization under section 8 of the Companies Act 2013. It is under Ministry of […]

    Cabinet approval for OFB corporatisation Subject : National organisations Context : Addressing a long pending reform, the Union Cabinet on Wednesday approved a plan to corporatise the Ordnance Factory Board (OFB), which has 41 factories, into seven fully government owned corporate entities on the lines of Defence Public Sector Undertakings (DPSU). Concept : […]

    KVIC records Highest Ever Turnover in FY 2020-21 Despite Covid-19 Pandemic Subject : National Organisations Context : In a year completely marred by Covid-19 pandemic, Khadi and Village Industries Commission (KVIC) has recorded its highest-ever turnover. In the year 2020-21, KVIC registered a gross annual turnover of Rs. 95,741.74crores, as compared to Rs. […]