The Parliament has passed the Industries (Development and Regulation) Amendment Bill, 2015.
- The Bill amends the Industries (Development and Regulation) Act, 1951.
- Now it will go for Presidential assent as per Article 111 of the Indian Constitution.
- The bill seeks to bring industries engaged in the manufacture of potable alcohol under the exclusive control of States in all respects.
- However, the Centre will continue to be responsible for formulating policy and regulating foreign collaboration for all products of fermentation industries, including industrial and potable alcohol.
The Industries (Development and Regulation) Amendment Bill, 2015 :
- The Industries (Development and Regulation) Amendment Bill, 2015 was introduced in Lok Sabha on December 7, 2015.
- The Bill was introduced by Minister of State for Commerce and Industry, Ms Nirmala Sitharaman.
- The Bill amends the Industries (Development and Regulation) Act, 1951.