Minister Of State | Corporate Law Reporter

FDI in Pharmaceutical Sector

The Department of Industrial Policy and Promotion who are nodal Department of Foreign Direct Investment(FDI), has informed that the policy for allowing FDI, up to 100% in existing companies, in the Pharmaceuticals sector, under the Government approval route, was introduced vide Press Note 3 of 2011, dated 08.11.2011. This provision has since been incorporated under Circular 1… Read More

Tags: FDI, FeedBurner, foreign direct investment, Government, India, Lok Sabha, Minister of State, Mumbai

Patents to Traditional Ayurvedic Medicine

Any readymade formula of traditional Indian Ayurvedic System of Medicine cannot be patented since an invention, which in effect, is traditional knowledge or duplication of known properties of traditionally known components has been made non-patentable under Section 3(p) of the Patents Act, 1970. Moreover, the substantial improvements over traditional medicines which meet the requirements prescribed for patentability in… Read More

Tags: Ayurveda, India, Intellectual property, Law, Minister of State, Patent, Patent Act, Traditional medicine

Policy on Trade of Agricultural Products

The Government, from time to time, keeps receiving representations from various quarters on various aspects related to agricultural export policy. This issue was also raised by Sh. Raju Shetty, MP in the Parliament. The export of agricultural products depends on various factors including availability of surplus over and above the requirement of buffer stock including… Read More

Tags: Agriculture, Basmati, Export, Government, India, Lok Sabha, Minister of State, Ministry of Commerce & Industry

Government sets up Committee on Fixing of Agricultural Commodities

The Government has constituted a Committee under the Chairmanship of Director, National Centre for Agricultural Economics & Policy Research in the month of April, 2013, to examine the methodological issues in fixing Minimum Support Prices. The terms of reference of the Committee are given as under:- ïƒ˜ To examine the existing mandate of the Commission… Read More

Tags: Agriculture, Business, Economic, European Commission, Free trade, Government, Lok Sabha, Minister of State

Concessions to SEZs

Supplies to SEZs for the authorized operations of the SEZ Units are exempted from payment of Central Excise Duties and Service Tax. However rebate for Central Excise Duty paid by DTA supplier on supply of goods to SEZ Units can be claimed from the jurisdictional Central Excise authorities. The SEZ Act 2005 provides for setting up… Read More

Tags: Domestic Tariff Area, Export, Fiscal year, Lok Sabha, Minister of State, SEZ, Special Economic Zone, State Government

Indo-US proposed Bilateral Investment Treaty

The Bilateral Investment Agreement discussion with United States of America started on August 11-13, 2009 and as of now three rounds have been held on various elements of Bilateral Investment Treaty text of USA. The recent visit of a high level delegation led by Hon™ble Commerce & Industry Minister to US has helped to reinvigorate… Read More

Tags: Barack Obama, Bilateral Investment Treaty, India, Lok Sabha, Michael Froman, Minister of State, United States, United States of America

Change of Guard: Shri Oscar Farnandes is New Minister for Road Transport and Highways

Shri Oscar Fernandes has taken over as new Union Minister for Road Transport and Highways here today. Shri Fernandes is a Rajya Sabha member (INC) from Karnataka. Earlier, he has held the charge of Minister of State (Independent Charge) for the Ministry of Statistics and Programme Implementation, the Ministry of Youth Affairs, the Ministry of Overseas… Read More

Tags: Cabinet of India, Government, Karnataka, Minister of State, Ministry of Statistics & Programme Implementation, Oscar Fernandes, Rajya Sabha, Road Transport

CLR Snippets | Minister Statement on current Index of Industrial Production

Shri Srikant Kumar Jena, Minister of State (Independent charge), Ministry of Statistics & Programme Implementation announced the release of the monthly Quick Estimates of Index of Industrial Production (IIP) for the month of April 2013 compiled by the Central Statistics Office. The index is a composite indicator that measures the short term changes in the… Read More

Tags: April 2013, Central Statistics Office, Durable good, Economic growth, IIP, Index of Industrial Production, Minister of State, Ministry of Statistics & Programme Implementation

Conference of Ministers and Secretaries of States and Union Territories in-Charge of Sports & Youth Affairs

The two day conference of Ministers of States/UTs in charge of Youth Affairs and Sports concluded here today. The Conference was chaired by Union Minister of State (Independent Charge) for Youth Affairs and Sport, Shri Jitendra Singh, in the presence of Ministers and Secretaries from different State Governments/UTs, eminent sports persons, members of Sports Federations,… Read More

Tags: Government, Government of India, India, Minister of State, Shri Jitendra Singh, Sports Authority of India, State Government, States

TRAI steps to ensure quality service by Cellular Mobile Telephone Service Providers

As per Telecom Regulatory Authority of India (TRAI) Act 1997, TRAI monitors quality of service provided by telecom service providers. TRAI has laid down the quality of service standards for Cellular Mobile Telephone Service through the Standards of Quality of Service of Basic Telephone Service (Wireline) and Cellular Mobile Telephone Service Regulations, 2009 dated 20th… Read More

Tags: Bharat Sanchar Nigam Limited, Lok Sabha, Minister of State, Mobile Telephone Service, Quality of Service, Service Provider, Telecom Regulatory Authority of India, TRAI

Ministry Statement on CCEA approval regarding revival of five closed units of FCIL

The Union Minister of State (Independent Charge) for Chemicals & Fertilizers and Statistics & Programme Implementation, Shri Srikant Kumar Jena said that the Cabinet Committee on Economic Affairs yesterday cleared the recommendations of Empowered Committee of Secretaries for revival of five units of Fertilizer Corporation of India Ltd. (FCIL) at Sindri, Talcher, Ramagundam, Gorakhpur &… Read More

Tags: Chhattisgarh, FCIL, Government of India, Minister of State, Odisha, Ramagundam, Talcher, West Bengal

Review and monitoring of JNNURM

The progress of the Projects under Jawaharlal Nehru National Urban Renewal Mission (JNNURM) is periodically reviewed by the Government of India. However, the execution and monitoring of projects is done by the States/ UTs in accordance with extant rules and procedures. The States/UTs monitors the implementation of the projects through State Level Nodal Agency (SLNA)… Read More

Tags: Government, Government of India, Jawaharlal Nehru National Urban Renewal Mission, Lok Sabha, Minister of State, Ministry of Urban Development, State Government, United States

Incentives Given for Business Units in SEZs

The fiscal concessions and duty benefits allowed to SEZs are in built into the SEZs Act, 2005 and Rules framedthereunder. These exemptions are uniformly applicable to all SEZs and are primarily in the nature of incentives for export and are consistent with the principles that guide export promotion initiatives of the Government in general. Since… Read More

Tags: Andhra Pradesh, Export, Government, Madhya Pradesh, Minister of State, SEZ, Special Economic Zone, West Bengal