anshita

The Pension Fund Development Authority was initially established in 2003 to introduce a new restructured pension system that entrants to Central Government Service. This new pension scheme was popularly known as the National Pension Scheme. This scheme was made available voluntarily for everyone, including self-employed professionals and workers in the unorganised sector. The Interim Authority was set to regulate, promote and ensure the orderly growth of the pension market. However, various legislations govern the Pension system in India. The PFRDA got...

The science of measurement is called metrology which includes methods of weighing and measurement regulated by law and legislation. Several legislations, such as the Standards of Measurement and Weight Act, 1976, and the Standards of Weight and Measurement Act, 1985, were enacted before the Legal Metrology Act, 2009. In 2009, the Standards of Weight and Measurementwast got repealed, and Legal Metrology Act was enacted. This Act monitors the accuracy of weights and measurements and ensures compliance with the Act. Furthermore, the Legal Metrology Act, 2...

The Union Government levies Central Excise duty on a commodity manufactured and consumed. It is an indirect tax levied on the purchase of goods on everyone, irrespective of a rich or poor person. When it comes to the law, Central Excise Act is the law relating to the levy and collection of central excise. However, the Central Excise Act, 1944 does not provide the list of commodities applicable to the Central Excise duty. The Act consolidates sixteen pieces of legislation enacted before 1944. Nature of Central Excise Duty Central Excise Duty is imposed...