Category - Business Law

Implementation of RTI Act, 2005 to be strengthened

Implementation of RTI Act, 2005 to be strengthened DoPT invites views/suggestions by 31st March, 2016 A Committee of Experts consisting of Shri A.N. Tiwari, former Chief Information Commissioner and Dr. M.M. Ansari, former Information Commissioner of Central Information Commission was constituted to recommend, inter-alia, measures to further strengthen implementation of Section 4 of the RTI… Read More

‘India Aviation’ 2016 resonates well with our policy initiatives of ‘Make in India’, ‘Stand up India’ and ‘Start up India’, says President

The President of India, Shri Pranab Mukherjee inaugurated the 5thEdition of ‘India Aviation’ today (March 16, 2016) at Hyderabad. Speaking on the occasion, the President said India is at the threshold of taking a major leap in the aviation sector. ‘India Aviation’ 2016 is well timed and resonates well with our latest policy initiatives of… Read More

Rules in respect of Fund Manager Regime under Section 9A of the Income-tax Act, 1961

Section 9A of the Income-tax Act, 1961 (the Act) provides for special taxation regime with effect from 01.04.2016 to facilitate location of fund managers of off shore funds in India. Under this regime, the fund management activity carried-out through an eligible fund manager in India by an eligible investment fund does not constitute business connection… Read More

Impact of ‘make In India’ Programme

The Prime Minister of India launched the “Make in India” global initiative on 25th September 2014. ‘Make in India’ initiative aims at promoting India as an important investment destination and a global hub for manufacturing design and innovation, to invite both domestic and foreign investors to invest in India. The initiative is aimed at creating… Read More

FDI in E-Commerce

Enforcement Directorate conducts investigations under the Foreign Exchange Management Act, 1999 (FEMA) for possible contravention of FDI norms/ policy by various entities as and when any credible information is received in this regard. Based on the outcome of the investigation, appropriate action under the provision of FEMA is taken in such cases. With a view… Read More

India Aviation’ 2016 resonates well with our policy initiatives of ‘Make in India’

‘India Aviation’ 2016 resonates well with our policy initiatives of ‘Make in India’, ‘Stand up India’ and ‘Start up India’, says President The President of India, Shri Pranab Mukherjee inaugurated the 5thEdition of ‘India Aviation’ today (March 16, 2016) at Hyderabad. Speaking on the occasion, the President said India is at the threshold of taking… Read More

The Minutes of the Meeting of Committee for Technical and Financial Evaluation for selection of IT Application Development services Agency for startup India

The Minutes of the Meeting of Committee for Technical and Financial Evaluation for selection of IT Application Development services Agency for startup India The Committee for technical and financial evaluation for selection of Digital Amplification and social Analytics Agency met on 26th and 29th February,2016in Udyog Bhawan. The Committee took note of the Scope of… Read More

Rajya Sabha passed the Real Estate Regulator Bill

The Rajya Sabha passed the Real Estate Regulator Bill, which will help regulate the sector and bring in clarity for both buyersand developers. Here are 10 things you should know about this bill, touted as a key reform measure in the vast real estate sector. 1) It establishes the State Real Estate Regulatory Authority for that particular state as the… Read More

Aadhaar number for grievances complainants

Recently voluntary mentioning of Aadhaar Card Number has been introduced along with other relevant information for the purpose of lodging of Public Grievances on Centralized/Public Grievance Redress and Monitoring System (CPGRAMS) which is an online platform for lodging of Public Grievances. However, it is not mandatory and is purely voluntary for assisting in better resolving… Read More

Applications Invited For Recognition Of Inspecting Authority, Competent Authority, Well-Known Material Testing Laboratory, Well-Known Steel Maker, Well-Known Foundry/Forge, Well-Known Tube/Pipe Maker And Well-Known Remanent Life Assessment Organisation Under The Indian Boiler Regulation, 1950 (IBR)

APPLICATIONS INVITED FOR RECOGNITION OF INSPECTING AUTHORITY, COMPETENT AUTHORITY, WELL-KNOWN MATERIAL TESTING LABORATORY, WELL-KNOWN STEEL MAKER, WELL-KNOWN FOUNDRY/FORGE, WELL-KNOWN TUBE/PIPE MAKER AND WELL-KNOWN REMANENT LIFE ASSESSMENT ORGANISATION UNDER THE INDIAN BOILER REGULATION, 1950 (IBR) 1. With a view to promote third party inspection/ self-certification for ease of doing business, applications are invited from the eligible… Read More

Minority Affair’s Budget Increased by Over 87 Crores for 2016-17

Minority Affair’s Budget Increased by Over 87 Crores for 2016-17 Educational and Economic Empowerment Through Skill Development:Dr.Najma Heptulla For 2016-17, the Ministry of Minority Affairs has prioritized its focus areas in tune with the National priority for educational and economic empowerment through Skill Development.Dr. Najma Heptulla, the Union Minister for Minority Affairs said that almost… Read More

UNION BUDGET 2016

UNION BUDGET 2016

1. 1 per cent service charge on purchase of luxury cars over Rs. 10 lakh and in-cash purchase of goods and services over Rs. 2 lakh. 2. Income tax surcharge for having income Rs. more than 1 crore increased to 15% (previously 12%) 3. Deduction u/s 80GG for RENT payment increased upto Rs. 5,000/- per… Read More

More budget allocation for price stabilization fund to check prices of essential commodities

Incentives for pulses production will help farmers and consumers both- Shri Ram Vilas Paswan Minister of Consumer Affairs, Food and Public Distribution, Shri Ram Vilas Paswan has said that significant increase in budget allocation for price stabilization fund, from Rs. 500 crore to Rs. 900 crore, is a determined step to contain the prices of… Read More

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