Telangana Current Affairs 2nd December 2015

Gujarat’s controversial Labour Law bill gets the president’s assent

President Pranab Mukerjhee has given assent to the contentious Labour Law bill of Gujarat,
which has provisions to ban strikes in public utility services for up to one year. The bill was sent for the president’s approval alonh with the controversial Gujarat Control of Terrorism and Organised Crime(GCTOC) Bill,2015,which is yet to be given the the green light.
The Gujart government passed the Bill to “relax labour laws to give an impetus to industrialisation in the state.”
The first ‘Made in Telangana’ lab is launched

Celkon mobiles launched the first made in Telangana tablet in hyderabad on December 1,2015. The 70inch tab ,CT722,supported by  intelchipset with 1.2 Ghz quad core processor , is also enabled with 1 GB RAM and 8GB ROM. The tab was manufacture at the company’s  Medchal Unit.


Mahabubnagar is the First district in Telangana to be ‘ID Liquor free’
After a sustained 3-month long drive aginst illicitly distilled liqour across all the 64 mandals, the administration declared itself as ‘ID Liqour Free’,thus becoming the 1st district in the new state of Telangana to achieve this distinction.


Women can now work in Night Shifts in Maharashtra

In a development that could create more employment opportunites and imporve working conditions for women in factories and other sectors in Maharasthtra , President Pranab Mukherjhee on Tuesday gave his assent to a legislation that amends the Factories Act,1948 allowing woemn to work night shifts from 7 p.m. to 6 a.m.


RBI Keeps Repo Rate unchanged at 6.75%

The Central Bank kept the GDP forecast unchanged at 7.4%.RBI Governor Raghuram Rajan today kept the key policy rate unchanged but affirmed the Central Bank’s commitment to ease it as and when room is available, saying inflation is likely to perform better than expected.

Accordingly, the repo rate at which the Reserve Bank lends to the system will continue at 6.75 per cent. The cash reserve ratio (CRR) or the amount of deposits banks park with RBI has also been unchanged at 4 per cent. The status quo was widely expected.RBI, which is set to achieve its target of getting inflation down at 6 per cent by January and is aiming to reduce the number further to 5 per cent by March 2017, will monitor developments on the commodity prices, including food and oil and external developments in its future policy formulations, Mr. Rajan said.

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