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Articles by eMinds Legal

Proposal for extension of completion date of NATRiP project

The Cabinet Committee on Economic Affairs (CCEA) today approved the extension of the date of completion of the project by two years beyond 31st December, 2012 to 31st December, 2014. The National Automotive Testing and R&D Infrastructure Project (NATRiP) was approved by the CCEA on 25th July, 2005 with a total investment of Rs.1718 crore,… Read More

Extension of Government Guarantee to enable NAFED and CWC

Extension of Government Guarantee of Rs.1781 crore along with waiver of one percent guarantee fees to enable NAFED and CWC to undertake price support operations for procurement of oil seeds, pulses and cotton  The Cabinet Committee on Economic Affairs today approved the proposal of the Department of Agriculture & Cooperation for extension of government guarantee… Read More

Price Support Scheme – Full reimbursement of losses to farmers

The Cabinet Committee on Economic Affairs (CCEA) today approved the removal of the cap on the amount of losses to be reimbursed on procurement of copra in the interest of farmers. This will ensure remunerative prices to growers. Copra prices are already ruling below Minimum Support Price (MSP) level in some parts of the country,… Read More

CLR Snippets | IKEA Brand given a Go-ahead to form single brand retail

The Cabinet Committee on Economic Affairs today gave its approval to the proposal of M/s. Ingka Holding B.V., Netherlands, as recommended by the Foreign Investment Promotion Board (FIPB). The approval would result in FDI inflows amounting to Rs.10,500 crore approximately into the country. **** Read More

Rashtriya Madhyamik Shiksha Abhiyan – revision of certain norms

The Cabinet Committee on Economic Affairs has approved the proposal of the Ministry of Human Resource Development for the Rashtriya Madhyamik Shiksha Abhiyan (RMSA). This will facilitate the States / UTs to execute the civil works for construction of new schools as well as expanding capacity in existing schools. The details are as follows: (i)… Read More

Financial Restructuring of Andrew Yule & Company Limited

The Cabinet Committee on Economic Affairs (CCEA) today approved the financial restructuring plan of Andrew Yule Company Limited (AYCL) involving conversion of outstanding Government of India (GOI) loan of Rs.41.52 crore into equity, waiver of interest of Rs.33.43 crore accrued thereon, waiver of differential interest arising out of reconciliation of books of accounts of the… Read More

Survey for Socio-Economic Field

The Minister of State (Independent Charge) for Statistics and Programme Implementation Shri Srikant Kumar Jena has said that National Sample Survey Office (NSSO) in the Ministry of Statistics and Programme Implementation has devoted its 70th Round of National Sample Surveys to the subject of Land & Livestock Holdings, Debt & Investment and Situation Assessment of… Read More

Amendments in the National Food Security Bill Introduced in the Lok Sabha

Amendments in the National Food Security Bill Introduced in the Lok Sabha  Bill Provides Rice at the Rate of Rs 3 and Wheat at Rs 2 Per Kg Food Security Allowance in Case of Non Supply of Foodgrains Proposed Special Focus on Nutritional Support to Women and Children Women to Get 6000 Rs Maternity Allowance… Read More

Reopening of assessment invalid if recorded reasons silent on quantum of escaped tax

CLR Editorial Notes: In the assessment year 2000-2001 the assessee had sold a plot of land after converting the leasehold land into a freehold one. The capital gains thus arrived at, was offered as Long Term Capital Gains and the same was accepted by the Assessing Officer. After the expiry of 4 years, the Assessing… Read More

Adoption of Clinical Establishments (Registration and Regulation) Act, 2010

Health is a State subject and it is primarily the responsibility of the State Governments to regulate and monitor hospitals in the States. No such information regarding illegally operation of hospitals is maintained centrally. However, Clinical Establishments (Registration and Regulation) Act, 2010 has been enacted for registration and regulation of the Clinical Establishments and for… Read More

CLR Snippets | President inaugurates 14 mega watt Solar Power Project at Deoghar

The President of India, Shri Pranab Mukherjee inaugurated the 14 mega watt Solar Power project and laid Foundation Stones for Pilgrim Queue Complex and Deoghar Basukinath 44 kilo metre Solar Street Light Project at Deoghar, Jharkhand today ( April 30, 2013). Speaking on the occasion the President said that he is hopeful of these initiatives… Read More

MGNREGA leads to reduction in climate change vulnerability

A national workshop in its study has concluded that MGNREGS is generating multiple environmental and socio-economic benefits, leading to improved water availability and soil fertility resulting in increased crop production. It said that increased area under plantations and orchards potentially contribute to alternate incomes, increased employment generation and reduced migration. Further the implementation of MGNREGS works… Read More

Mizoram Plan for 2013-14 Finalized

The Annual Plan for the year 2013-14 for the state of Mizoram was finalised here today at a meeting between Deputy Chairman, Planning Commission, Mr. Montek Singh Ahluwalia and Chief Minister of Mizoram, Shri Pu Lalthanhawla. The plan size has been agreed at Rs.2500 crore. In his comments on the plan performance, Mr. Montek Singh… Read More

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