Rajya Sabha passed Bureau of Indian Standards Bill, 2015
Rajya Sabha on 8 March 2016 passed Bureau of Indian
Standards Bill, 2015. The bill will replace the Bureau of Indian Standards
Act, 1986.
It extends the ambit of the Bureau of Indian Standards (BIS)
to include services, processes and products while ensuring production of world
class goods.
The Bill also proposes to make BIS a national standards
body, introduce mandatory hallmarking of precious metals, prevent misuse of
standard marks and provides for recall of ISI marked products not conforming to
relevant standards. Now, the Bureau of Indian Standards would also get the
legislative backing to formally represent India abroad.
Present Scenario:
ü At present, the BIS is not formally recognised as a national
standards body of the country, though it has been representing India in various
international bodies.
The Bill was passed by the Lok Sabha on 3 December 2015 and
it was introduced in Lok Sabha on 7 August 2015.
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Indian Railways appointed EY as consultant to discover
advertising potential of trains & stations
Indian Railways appointed Ernst & Young (EY) as a
consultant to discover the advertising potential in trains and railway
stations. The move aims at enhancing revenue through non-fare box route.
· The Railway PSU - RITES,
the consulting wing for Indian Railways, awarded the mandate to EY
following a multi-party bid.
·EY will identify assets
and formulate a pricing strategy for advertising across 7000 railways stations
in the country.
·This is the first time
in India that such a large scale project on advertising for Railways has been
initiated.
RBI inks information exchange pact with Bank of Israel
The Reserve Bank has signed a pact with Bank of Israel for
exchange of information pertaining to banking supervision.
· A Memorandum of
Understanding (MoU) was signed by Hedva Ber, Supervisor of banks on behalf of
Bank of Israel and Parvathy V Sundaram, Chief General Manager-in-Charge,
Department of Banking Supervision on behalf of Reserve Bank of India, the RBI
said in a statement.
· The Reserve Bank has
entered into an MoU, Letter for Supervisory Co-operation and Statement of
Co-operation with supervisors of a few countries to promote greater
co-operation and share supervisory information. With this, the RBI has
signed 32 such MoUs, one Letter for Supervisory Co-operation and one Statement
of Co-operation.
Indo-Indonesia Joint Training Exercise Garuda shakti IV
Indo-Indonesia Joint Training Exercise GARUDA SHAKTI is
conducted as part of military diplomacy between Indian and Indonesian Army
alternatively in India and Indonesia respectively.
ü First edition was conducted in the year 2012 in India.
ü Second edition was conducted in Indonesia in 2013.
ü Third edition in India in 2014.
ü The fourth edition of the joint exercise will be conducted
for 13 days from 10 to 23 March 16 at Magelang, Indonesia in which an Indian
Army platoon strength contingent will carry out cross training with a platoon
from the Airborne battalion of the Indonesian Army.
The exercise is aimed at building and promoting positive
relations between the two Armies of India and Indonesia.
S Rao will take over as the new public interest director and
chairman of BSE
·Sudhakar Rao will take
over as the new public interest director and chairman of BSE subject to Sebi
approval.
·S Ramadorai has retired
from the position of chairman and public interest directorship of BSE. He was
appointed as public interest director and chairman of the board on 8 March 2010
and retired on 7 March 2016 after serving BSE for six years.
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