Parliament passes Industries (Development and Regulation)Amendment Bill 2015

Q.  Parliament passed the Industries (Development and Regulation Amendment Bill) 2015 which seeks _________of control over industries engaged in the production of potable alcohol to the states.
- Published on 11 May 16

a. Withdrawal
b. Transfer
c. Exchange
d. None of the above

ANSWER: Transfer
 
Parliament on May 10th passed the Industries (Development and Regulation) Amendment Bill, 2015 which seeks to transfer the control over industries engaged in the production of potable alcohol from the Centre to states with Lok Sabha approving some technical amendments suggested by the Rajya Sabha.
  • The bill in the Lok Sabha was introduced by Commerce and Industry Minister Nirmala Sitharaman and was later approved by the House
  • The Industries (Development and Regulation) Amendment Bill, 2015 seeks to amend a schedule to exclude production of alcohol for potable purposes from the ambit of the Act.
  • According to the Bill, the central government would continue to be responsible for formulating policy and regulating foreign collaboration (FDI and foreign technology collaboration agreements) for all products of fermentation industries, including industrial and potable alcohol.

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