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Central Administrative Tribunal urged to improve its Efficiency – Propasals to Amend CAT Act under Consideration
Union Minister of State for Personnel, Public Grievances and Pensions Shri V Narayansamy said that there is an urgent need to strengthen Central Administrative Tribunal( CAT) and make it more effective. Speaking as Special Guest at the daylong All India Conference of the members of Central Administrative Tribunal here today he said to streamline the… Read More
Companies Directors Identification Number (Amendment) Rules, 2013
The Ministry of Corporate Affairs (MCA) vide its Notification dated 15th March, 2013 amended the Companies (Director Identification Number) Rules, 2006. These Rules may be called as Companies Directors Identification Number (Amendment) Rules, 2013 and they shall came into force on the date of their publication in the Official Gazette. ******** [TO BE PUBLISHED IN THE GAZETTE… Read More
MCA Clarification under Section 372A(3) of the Companies Act, 1956
The Ministry of Corporate Affairs (MCA) vide its General Circular No. 06 /2013 dated 14.03.2013 has provided a clarification under Section 372A (3) of the Companies Act, 1956, which says that in such cases where the effective yield (effective rate of return) on tax free bonds is greater than the yield on prevailing bank rate,… Read More
Mid-Quarter Review of Monetary Policy 2012-2013 : To be released at 11.00 a.m. on RBI Website on March 19, 2013
The Reserve Bank of India will release the next Mid-Quarter Review of Monetary Policy 2012-13 at 11.00 a.m. on March 19, 2013. The Review will be by way of a press release and will be placed on the Reserve Bank's website (www.rbi.org.in). R.R. Sinha Deputy General Manager Press Release: 2012-2013/1540 Read More
RBI Perspectives on India™s Macroeconomic Challenges
(Fifth I.G. Patel Memorial Lecture delivered by Dr. Duvvuri Subbarao, Governor, Reserve Bank of India at the London School of Economics on March 13, 2013) First of all many thanks to the London School of Economics for inviting me to deliver the fifth I.G. Patel Memorial Lecture. It is an honour to which I attach… Read More
World Bank’s World Development Indicators, 2011 captures Challenges in the Indian MSME Sector
Inadequate exposure of Indian Industries including Micro, Small and Medium Enterprises to International market is captured in the World Development Indicators, 2011 of the World Bank. The data reflects that although in 2011 India was 10th in the World in respect of its Gross Domestic Product (GDP), the country™s rank was 18th in respect of… Read More
Textiles Sector Receives Much Needed Support in Budget 2013-14
Textiles Sector Receives Much Needed Support in Budget 2013-14 Affordable Credit, Technology Upgradation, Duty Relief and Skill Development Targeted The Textiles sector is the second largest provider of employment after agriculture. It contributes about 14% to industrial production, 4% to the GDP, and 17% to the country™s export earnings. It provides direct employment to over… Read More
Ministry of Water Resources has formulated a Model Bill on Groundwater Exploitation
Ministry of Water Resources has formulated a Model Bill to regulate and control groundwater development and management in the Country. The Model Bill has been circulated by the Ministry to all the States/ Union Territories for enactment. So far 14 States/ UTs namely, Andhra Pradesh, Assam, Bihar, Goa, Himachal Pradesh, Jammu & Kashmir, Karnataka, Kerala, Tamil… Read More
Planning Commission proposing a National Supercomputing Roadmap
Proposal for Supercomputing : The need to rejuvenate the supercomputing leadership was felt and recommended by the Scientific Advisory Council to the Prime Minister (SAC to PM) and also by the Planning Commission. The Planning Commission has drawn a National Supercomputing Roadmap in the 12th Plan document (2012-2017). This roadmap covers several aspects of supercomputing namely… Read More
Patent Rights Bill being drafted for Public funded Intellectual Property
Under the existing Government instructions to research institutions and universities on patent rights over inventions arising out of the Government funded research are assigned to the grantee institutions and they are permitted to retain the benefits and earnings arising out of the patent rights. This also ensures that scientists & research teams are named as… Read More
Rise in The Limit of Annual Income for Getting Benefit Under Housing Schemes
The income ceiling for the Economically Weaker Section (EWS) households has been enhanced from up to Rs. 5,000/- per month to up to Rs. 1,00,000/- per annum and that of Lower Income Group has been increased from Rs. 5,001 /- 10,000/- per month to Rs. 1,00,001/- Rs. 2,00,000/- per annum. It is not possible to… Read More
Expenditure Finance Committee extends coverage of Rajiv AwasYojana
New Cities Under Rajiv Awas Yojana : The Expenditure Finance Committee (EFC) note for phase II of Rajiv AwasYojana is under inter-ministerial consultation wherein it is proposed to extend the coverage of Rajiv Awas Yojana to all towns and cities as against 250 class I towns stipulated earlier. Cities having population more than 5 lakhs, would… Read More
Changes proposed in Model Rent Control Act
Land™ and ˜Ã‡olonisation™ are State subjects and the issue of Rent Control falls within the relm of State functions. Rent control reforms were a part of optional reforms under JNNURM. The Ministry of Housing & Urban Poverty Alleviation has circulated a draft Model Rent Control Act for ascertaining the views and comments of States and… Read More
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