eMinds Legal Advocates & Solicitors
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Disinvestment of 5 percent paid up equity in Neyveli Lignite Corporation Ltd.
The Cabinet Committee on Economic Affairs today approved the disinvestment of 5 percent equity of Neyveli Lignite Corporation (NLC), out of its holding of 93.56 percent through an Offer For Sale (OFS) in the domestic market according to Securities and Exchange Board of India (SEBI) rules and regulations. The authorized capital of NLC is Rs. 2,000… Read More
Continuation of the Restructured Accelerated Power Development and Reforms Programme (R-APDRP) in XII / XIII Plan
The Cabinet Committee on Economic Affairs today approved the proposal for the continuing the Restructured Accelerated Power Development and Reforms Programme (R-APDRP) in the XII Plan with minor changes to complete the ongoing / in pipeline projects so as to meet the objective and scope of the XI Plan R-APDRP. There is no change in… Read More
Facilitation of harmonious substitution of Concessionaire in the ongoing and completed National Highway Projects
The Cabinet Committee on Economic Affairs today approved the proposal to facilitate harmonious substitution of Concessionaire in ongoing and completed National Highway Projects. This will expedite implementation of road infrastructure in the country and insulate the National Highway Authority(NHAI) from heavy financial claims and unnecessary disputes. The proposal aims at revival of the sector by facilitating substitution… Read More
CCEA approves mechanism for coal supply to power producers
The Cabinet Committee on Economic Affairs (CCEA) today approved the following mechanism for supply of coal to power producers: (i) Coal India Ltd. (CIL) to sign Fuel Supply Agreements (FSA) for a total capacity of 78000 MW including cases of tapering linkage, which are likely to be commissioned by 31.03.2015. Actual coal supplies would however… Read More
Chapter VII of the Finance Act 2013 to come into effect on 1st July 2013
GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) NOTIFICATION 45/2013 New Delhi, the 19 June, 2013 S.O. 1768 (E).- In exercise of the powers conferred by sub-section (2) of section 115 of theFinance Act, 2013 (17 of 2013), the Central Government hereby appoints the 1st day of July, 2013 as the date on which Chapter VII of the said Act shall come… Read More
Commodities Transaction Tax Rules, 2013
GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 46/2013 New Delhi, the 19th June, 2013 COMMODITIES TRANSACTION TAX RULES, 2013 S.O. 1769 (E).- In exercise of the powers conferred by sub-sections (1) and (2) of section 133 of the Finance Act, 2013 (17 of 2013), the Central Government hereby makes the following rules relating to commodities transaction… Read More
Rate of exchange of conversion of each of the foreign currency with effect from June 21, 2013
[TO BE PUBLISHED IN THE GAZETTE OF INDIA, PART-II, SECTION 3, SUB-SECTION (ii), EXTRAORDINARY] GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF EXCISE AND CUSTOMS NOTIFICATION NO. 63/2013-CUSTOMS (N.T.) DATED THE 20th June, 2013 30 Jyaistha, 1935(SAKA) S.O. (E). In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of… Read More
Amendment in Para 2.38 of Foreign Trade Policy, 2009-2014
TO BE PUBLISHED IN THE GAZETTE OF INDIA EXTRAORDINARY PART II SECTION 3, SUB SECTION (II) GOVERNMENT OF INDIA MINISTRY OF COMMERCE AND INDUSTRY DEPARTMENT OF COMMERCE Notification No. 24 (RE-2013)/2009-2014 New Delhi, Dated the 19th June, 2013 Subject: Amendment in Para 2.38 of Foreign Trade Policy, 2009-2014. S.O. (E): In exercise of powers conferred under Section… Read More
Safeguard investigation concerning imports of Hot Rolled Flat products from China
MINISTRY OF FINANCE (Department of Revenue) DIRECTORATE GENERAL OF SAFEGUARDS CUSTOMS AND CENTRAL EXCISE CORRIGENDUM New Delhi, the 30th May, 2013 Subject : Safeguard investigation concerning imports of Hot Rolled Flat products of Stainless Steel of 304 grade into India from China PR-Final findings-Reg. G.S.R. 346(E).” The product under consideration has been duly discussed in para 31… Read More
Share Sale to Employees of CPSEs Post-OFS
In the recent past, Government has undertaken a number of transactions through Offer for Sale of Shares by Promoters through Stock Exchanges Mechanism (OFS). To incentivize the employees of such CPSEs, Government decided to also offer sum shares to them on successful completion of the OFS. The shares are to be offered at a discount of… Read More
Deferred Payment Protocols dated April 30, 1981 and December 23, 1985 between Government of India and erstwhile USSR
RBI/2012-13/537 A.P. (DIR Series) Circular No. 112 June 20, 2013 To All Category - I Authorised Dealer Banks Madam / Sir, Deferred Payment Protocols dated April 30, 1981 and December 23, 1985 between Government of India and erstwhile USSR Attention of Authorised Dealer Category-I (AD Category-I) banks is invited to A.P. (DIR Series) Circular No.95 dated… Read More
Risk Weights on deposits placed with NABARD/SIDBI/NHB in lieu of shortfall in achievement of priority sector lending targets/sub-targets
RBI/2012-13/536 DBOD.BP.BC. No.103/21.06.001/2012-13 June 20, 2013 The Chairman and Managing Director/ Chief Executive Officer of All Commercial Banks (excluding LABs and RRBs) Dear Sir Risk Weights on deposits placed with NABARD/SIDBI/NHB in lieu of shortfall in achievement of priority sector lending targets/sub-targets It has been observed that there is a lack of uniformity among banks… Read More
GOM Recommendations on Restructuring Centrally Sponsored Schemes in the 12th Plan
The Union Cabinet today decided to restructure the existing Centrally Sponsored Scheme (CSS)/ Additional Central Assistance (ACA) schemes in the Twelfth Five Year Plan into 66 schemes, including Flagship programmes. This includes 17 Flagship programmes with significant outlays for major interventions required in health, education, irrigation, urban development, infrastructure, including rural infrastructure, skill development, etc. To… Read More
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