LIST OF BILLS IN BUDGET 2018
LIST OF BILLS IN BUDGET 2018
Dear Bankersdaily Aspirants,
Hope, you are all under exam pressure because you are going to face two PO exams namely Syndicate and Canara Bank Po exams. In these two exams surely there will be a questions regarding the budget 2018 and its importance, cost allocated for the budget, and important bills under which the budget is made or proposed.
So in this article we are providing you the List of bills and its key objectives for you to boost your preparation. There are many bills under Finance, Education, Health, Security, Security / Law / Strategic Affairs / Social Justice, Consumer Affairs, Food and Public Distribution, Shipping/Transport, Urban Development. So kindly go through this and get ready for the battle.
Finance
| Name of the Bill | Introduced on | Key Objectives |
| The Financial Resolution and Deposit Insurance Bill, 2017 | 10 Aug 2017
Lok Sabha
|
Establishes a Resolution Corporation to monitor financial firms, anticipate risk of failure, take corrective action, and resolve them in case of such failure. |
| The Negotiable Instruments (Amendment) Bill, 2017 | 2 Jan 2018
Lok Sabha
|
Allows courts to direct partial payment of fine or compensation to the payee during trial or in case of filing an appeal.
|
| The State Banks (Repeal and Amendment) Bill, 2017 | 21 Jul 2017
Lok Sabha
|
Repeals the State Bank of India (Subsidiary Banks) Act, 1959, and State Bank of Hyderabad Act, 1956 after the acquisition of five subsidiary banks by State Bank of India.
|
Education
| Name of the Bill | Introduced on | Key Objectives |
| The Right of Children to Free and Compulsory Education (Second Amendment) Bill, 2017
|
11 Aug 2017
Lok Sabha
|
Empowers the government to detain a child in class 5, 8, or both, and provides an opportunity for re-examination to the child before being detained. |
| The National Sports University Bill, 2017 | 10 Aug 2017
Lok Sabha
|
Establishes a National Sports University in Manipur.
|
| The National Council for Teacher Education (Amendment) Bill, 2017
|
18 Dec 2017
Lok Sabha
|
Grants retrospective recognition to central and state universities running teacher education programmes that are currently not recognised by the National Council for Teacher Education. |
Security / Law / Strategic Affairs / Social Justice
| Name of the Bill | Introduced on | Key Objectives |
| The Whistle Blowers Protection (Amendment) Bill, 2015 | 11 May 2015
Lok Sabha |
Specifies grounds under which disclosures related to corruption may not be made.
|
| The Muslim Women (Protection of Rights on Marriage) Bill, 2017
|
28 Dec 2017
Lok Sabha
|
Makes all declaration of instant triple talaq void and illegal. It is a cognizable and non- bailable offence with imprisonment of up to three years.
|
| The Prevention of Corruption (Amendment) Bill, 2013
|
19 Aug 2013
Rajya Sabha
|
Makes giving a bribe an offence and modifies the definition of taking a bribe. Requires prior sanction to investigate officials. |
| The Citizenship (Amendment) Bill, 2016 | 19 Jul 2016
Lok Sabha |
Proposes that illegal migrants from Afghanistan, Bangladesh and Pakistan from specified religious groups will be eligible to apply for Indian citizenship. |
| The Transgender Persons (Protection of Rights) Bill, 2016 | 2 Aug 2016
Lok Sabha
|
Defines a transgender person, prohibits discrimination against them and prescribes penalties for certain offences.
|
| The Specific Relief (Amendment) Bill, 2017 | 22 Dec 2017
Lok Sabha
|
Amends the Specific Relief Act, 1963 to reduce discretion given to courts while granting specific performance and disallows injunctions in certain infrastructure projects.
|
| The Representation of the People (Amendment) Bill, 2017
|
18 Dec 2017
Lok Sabha
|
Amends two existing Acts to permit an overseas voter to cast their vote in person or by proxy and makes certain provisions of the Acts gender-neutral. |
| The Constitution (123rd Amendment) Bill, 2017 | 5 April 2017 Lok Sabha | Constitutes a Commission for socially and educationally backward classes and empowers it to hear grievances.
|
| The Constitution (Scheduled Castes and Scheduled Tribes) Orders (Amendment) Bill, 2016
|
14 Dec 2016
Lok Sabha
|
Includes certain communities in the list of Scheduled Tribes in Assam, Chhattisgarh, Jharkhand, Tamil Nadu and Tripura and removes a community from the list of Scheduled Tribes in Jharkhand.
|
| The National Commission for Backward Classes (Repeal) Bill, 2017 | 5 Apr 2017
Lok Sabha
|
Repeals the National Commission for Backward Classes Act, 1993.
|
| The New Delhi International Arbitration Centre Bill, 2018 | 5 Jan 2018
Lok Sabha
|
Establishes the NDIAC to conduct arbitration, mediation, and conciliation proceedings and declares the NDIAC as an institution of national importance |
| The Inter-State River Water Disputes (Amendment) Bill, 2017
|
14 Mar 2017
Lok Sabha |
Sets up a Disputes Resolution Committee for resolving any inter-state water dispute amicably failing which an Inter-State River Water Dispute Tribunal will adjudicate these water disputes.
|
Consumer Affairs, Food and Public Distribution
| The Consumer Protection Bill, 2018 | 5 Jan 2018 Lok Sabha | Sets up a Central Consumer Protection
Authority to regulate matters related to violation of consumer rights, unfair trade practices, and misleading advertisements. |
Health
| The National Medical Commission Bill, 2017 | 29 Dec 2017 Lok Sabha | Repeals the Indian Medical Council Act, 1956 and dissolves the current Medical Council of India. Also, sets up the National Medical Commission which seeks to regulate medical education and practice. |
| The Dentists (Amendment) Bill, 2017 | 18 Dec 2017 Lok Sabha | Seeks to remove the mandatory requirement of the representation of certain dentists in the Dental Councils set up under the Dentists Act, 1948. |
| The Surrogacy (Regulation) Bill, 2016 | 21 Nov 2016 Lok Sabha | Prohibits commercial surrogacy, allows altruistic surrogacy and specifies criteria for the intending couple and surrogate mother. |
Shipping/Transport
| The Motor Vehicles (Amendment) Bill, 2016 | 9 Aug 2016 Lok Sabha
|
Seeks to address issues related to road safety, motor vehicle insurance, and increases penalties under the Act. |
| The Merchant Shipping Bill, 2016 | 16 Dec 2016 Lok Sabha | Consolidates the law relating to merchant
shipping to ensure compliance with international treaties. |
| The Central Road Fund (Amendment) Bill, 2017 | 24 Jul 2017 Lok Sabha | Allocates a share of cess collected under central road fund towards the development of inland waterways. |
| The Major Port Authorities Bill, 2016 | 16 Dec 2016 Lok Sabha | Provides for regulation of major ports and
vests the management of such ports in the Boards of Major Port Authorities. |
Labour
| The Code on Wages, 2017 | 10 Aug 2017
Lok Sabha |
Consolidates the Minimum Wages Act, 1948,
the Payment of Wages Act, 1936, the Payment of Bonus Act, 1965, and the Equal Remuneration Act, 1976 under one law. |
| The Factories (Amendment) Bill, 2016 | 18 Dec 2017
Lok Sabha |
Enhances the limit of overtime work hours and empowers central government to make exempting rules related to overtime hours. |
| The Payment of Gratuity (Amendment) Bill, 2017 | 18 Dec 2017
Lok Sabha |
Empowers the central government to notify the ceiling on gratuity and the maximum maternity leave eligible for qualifying as continuous service under the Payment of Gratuity Act, 1972. |
Urban Development
| The Ancient Monuments and Archaeological Sites and Remains (Amendment) Bill, 2017 | 18 Jul 2017
Lok Sabha |
Permits the central government to carry out construction in prohibited areas, around protected monuments and archaeological sites, for public purposes. |
| The Requisitioning and Acquisition of Immovable Property (Amendment) Bill, 2017 | 18 Jul 2017
Lok Sabha |
Allows the central government to re-issue the notice of acquisition to the property owner to give them an opportunity to be heard. The owner will be entitled to an interest on the compensation payable to them. |
| The Public Premises (Eviction of Unauthorised Occupants) Amendment Bill, 2017 | 31 Jul 2017
Lok Sabha |
Specifies the procedure for eviction of unauthorised occupants from residential accommodation in public premises. |
Please find the Downloadable link of the above said ones from the link given below. Download the PDF now.
UNION BUDGET 2018 – IMPORTANT HIGHLIGHTS
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