“Assisted Reproductive Technology Bill”: To regulate infertility clinics

Assisted Reproductive Technology Bill which is aimed at regulating the functioning infertility clinics in the country is awaiting approval of the Union Cabinet and Parliament.

The Bill seeks to allow surrogate parenthood, which was not yet permitted in many Western countries. Around 15 % of the couples in the world were childless and the problem was similar in the country but underestimated.

RBI cut CRR: 4.25%

The Reserve Bank of India (RBI) cut the Cash Reserve Ratio (CRR) by 25 basis points from 4.5 to 4.25 percent.

Why this step?

§  The reduction in the CRR is expected to infuse liquidity to the tune of around Rs. 17,500 crore into the banking system.

§  By doing this RBI intends to preempt a prospective tightening of liquidity conditions, thereby keeping liquidity comfortable and supportive of growth.

New modifications in Land Acquisition Bill draft

The government has brought some fresh changes in the draft Land Acquisition Bill . As per new changes, the level of consent of landowners for acquiring land for private purpose has been made stiffer. 
Following these changes, the percentage of land owners, whose consent is a must for acquiring land for private purpose will be 80 % instead of earlier approved 67 %. Consent of land owners was not required for acquiring land for public purpose

For know more about Land Acquisition Bill click here

RBI issued new guidelines for rehabilitation of sick MSEs

Revising definition of sickness in micro and small enterprises (MSEs), the Reserve Bank asked banks for timely and adequate assistance to them as soon as the signs of sickness are detected.