Amendments in the Companies Act
Intended to bring:
More discipline in the compliance of Corporate Social Responsibility
De-clogging the National Company Law Tribunal (NCLT)
Ease of doing business for small, medium, and large companies
Carrying forward the unspent corporate social responsibility (CSR) amount to a special account to be spent within three financial years. Unspent money after three years could go to Prime Minister’s National Relief Fund or any other fund set up by the Central government or the State governments for socioeconomic development.
In order to curb the menace of shell companies, the Bill proposes making non-maintenance of registered office and non-reporting of commencement of business grounds for striking off the name of the company from the register of companies.
National List of Essential Medicines
Currently all NLEM drugs are regulated by National Pharmaceutical Pricing Authority (NPPA) for price control. There are 376 drugs under the current NLEM. Standing National Committee on Medicine is considering recommending delinking of price control with inclusion of drugs in NLEM.
If an essential medicine is under NLEM, but its price control is economically unviable then the purpose is defeated because availability will become an issue. Also if it is an essential medicine but not included under NLEM, price won’t be controlled and affordability will be affected. If the medicine is not essential and included in NLEM, then limited resources are strained. So the list will have to be relooked.
Standing National Committee on Medicines (SNCM)
Mandate of the Standing National Committee on Medicines (SNCM) is not only limited to medicines, but also medical devices, medical disposables and consummables, hygiene and other healthcare products.
A type of weather modification Aims to change the amount or type of precipitation Substances are dispersed into the air that serve as cloud condensation or ice nuclei. Chemicals work to promote rainfall by inducing nucleation – what little water is in the air condenses around the newly introduced particles and crystallises to form ice.
Common Chemicals Used
Silver iodide, potassium iodide and dry ice (solid carbon dioxide), Liquid propane can produce ice crystals at higher temperatures than silver iodide.
Mining of Atomic Minerals
Government has prohibited mining of atomic minerals by private entities. It will grant operating rights to only state-run companies to ―safeguard‖ strategic interest of the country. Atomic minerals zirconium, monazite and thorium are found in abundance along several beaches of the country.
Zircon have potential applications in the strategic, defence and hi-tech sectors as it contains an important strategic element, called hafnium, which is used in the field of atomic energy.
Monazite is a mineral of thorium, uranium and rare earths and it has a high percentage of neodymium which has several hi-tech applications.
Renewable Energy Cost
India’s renewable energy cost has become the lowest in the Asia Pacific. Levelised cost of electricity (LCOE) using solar photovoltaic has fallen to $38 per megawatt hour (MWh). It is 14 percent cheaper than coal-fired power that has traditionally been the cheapest. LCOE comprises the cost of generating a megawatt-hour (MWh) of electricity, the upfront capital and development cost and the cost of equity and debt finance and operating and maintenance fees.
Finance Ministry has imposed definitive antidumping duty on all imports of purified terephthalic acid (PTA) from South Korea and Thailand. PTA is primary raw material in the manufacture of polyester chips, which in turn are used in a number of applications in textile, packaging, furnishings, consumer goods, resins and coatings. Recommended by – Commerce Ministry Imposed by – Finance Ministry
An anti-dumping duty is a protectionist tariff that a domestic government imposes on foreign imports that it believes are priced below fair market value. Dumping is a process where a company exports a product at a price lower than the price it normally charges in its own home market.
Payment Ratification and Analysis in Power Procurement for bringing in Transparency in Invoicing of generators
Technology termed — microdot — requires spraying the body and parts of the vehicle or any other machine with microscopic dots that can be read with a microscope and identified with a ultra violet light source, which give a unique identification.
Use of this technology will help check theft of vehicles and also use of fake spare parts.