eMinds Legal Advocates & Solicitors
eMinds Legal is a Corporate Law Firm based in Gurgaon, India specializing in Corporate Legal, Corporate Secretarial and Compliance. The Firm comprises of a team of Corporate Lawyers and Company Secretaries with in-depth subject matter knowledge and participative industry experience of over 15 years.
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RBI releases Discussion Paper on ˜Banking Structure in India – The Way Forward™
The Reserve Bank of India today released on its website a Discussion Paper on ˜Banking Structure in India The Way Forward™. The Discussion paper has identified certain building blocks for the reorientation of the banking structure with a view to addressing various issues such as enhancing competition, financing higher growth, providing specialised services and furthering financial… Read More
Policy for Wage Negotiations for the Workmen in Central Public Sector Enterprises
Recently, Government has formulated policy for the 7th Round (2nd part) of wage negotiations for workmen in Central Public Sector Enterprises (CPSEs) based on consultations among various central ministries/ departments and other organisations. Giving this information in written reply to a question in the Rajya Sabha today, Shri Praful Patel, Minister of Heavy Industries &… Read More
Review of the policy on Foreign Direct Investment (FDI)-Caps and routes in various sectors
Government of India Ministry of Commerce & Industry Department of Industrial Policy & Promotion Press Note No. 6 (2013 Series) Subject : Review of the policy on Foreign Direct Investment (FDI)-Caps and routes in various sectors 1.0 The Government has reviewed the Foreign Direct Investment (FDI) caps and/or routes in various sectors, as contained in paragraph… Read More
Computerisation of PDS
For modernisation of the Targeted Public Distribution System (TPDS) including ensuring that foodgrains reach the intended beneficiaries, Government has approved Component-I of Plan Scheme for End-to-end Computerization of TPDS Operations. Component-I of the scheme comprises activities, namely, digitization of ration card/beneficiary and other databases, computerization of supply-chain management, setting up of transparency portal and grievance… Read More
Special Tourist Police Stations
In order to ensure safety and security of tourists, including foreign tourists, Ministry of Tourism has advised all the State Governments/Union Territory Administrations to deploy Tourist Police in the States/Union Territories. ˜Public Order™ and ˜Police™ are State subjects as per the Seventh Schedule of the Constitution of India. As such, the prevention of crime, including… Read More
Extension of Visa on Arrival To 4 more locations
Ministry of Home Affairs (MHA) has decided to extend Tourist Visa on Arrival facility (TVoA) at four additional airports viz. Trivandrum, Bangalore, Hyderabad & Kochi. TVoA facility is available at four International airports in the country viz. Delhi, Mumbai, Chennai and Kolkata for the nationals of Japan, Singapore, Finland, Luxembourg, New Zealand, Cambodia, Laos, Vietnam,… Read More
Achievement of Millennium Development Goals
The Millennium Development Goals (MDGs) report -2013 released by the United Nations has presented data on progress made towards the Millennium Development Goals and targets for the world as a whole and for sub-regions, each sub-region comprising of a group of countries. Separate data to indicate India™s progress on Maternal Mortality Ratio and Infant Mortality… Read More
Regulation of Commission Rate to Insurance Sales Agents
The Insurance Regulatory and Development Authority (IRDA) has notified Insurance Regulatory and Development Authority (Linked Insurance Products) Regulations, 2013 wherein, Regulation (9) prescribes levels of commission under the linked insurance products. Similarly Commission norms in respect of non linked products have been prescribed in Regulation (21) of Insurance Regulatory and Development Authority (Non-Linked Insurance Products) Regulations, 2013. As… Read More
Safefuards in New Banking Licence Norms
Reserve Bank of India (RBI) issued guidelines for setting up new banks in the private sector vide Press Release dated 22.02.2013. The last date for receipt of applications was 01.07.2013. In all, RBI has received 26 (twenty six) applications. At the first stage, the applications will be screened by RBI to ensure prima facie eligibility… Read More
Investment of Banks in Money Laundering
The contravention of any of the directions and instructions issued by Reserve Bank of India (RBI) under the Banking Regulation Act, 1949 is an offence punishable under sub-section (4) of Section 46 of the Banking Regulation Act. In terms of sub-section (1) of Section 47A of the Banking Regulation Act, 1949, if a contravention or… Read More
Policy for Import of Fertilizers
Import of urea in the country is restricted and permitted through three State Trading Enterprises i.e. MMTC Limited, State Trading Corporation of India Limited and Indian Potash Limited. Import of all other fertilisers is free and importers are importing these fertilizers under Open General License (OGL) as per their requirements. The P&K fertilisers like DAP, various grades of complex fertilisers and SSP… Read More
Bhiwani and Mahendragarh districts of Haryana included in National Capital Region (NCR)
The National Capital Region Planning Board (NCRPB) has approved the proposal of Government of Haryana for inclusion of Bhiwani and Mahendragarh districts of state of Haryana in National Capital Region (NCR). The proposals for inclusion of districts in the NCR are recommended by the respective NCR participating States. The justifications given by State Governments were… Read More
Central Vigilance Commissioner Inaugurates Delhi Chapter of Vigilance Study Circle
Shri Pradeep Kumar, Central Vigilance Commissioner has asked Institutions and Organisations working in vigilance sector to collaborate with like minded people and organisations for strengthening of vigilance administration. Inaugurating the Delhi NCR chapter of Vigilance Study Circle in New Delhi today, Shri Kumar said vigilance officers have a greater role to play as the acceptance… Read More
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