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Ministry of Water Resources constitutes a Drafting Committee for Water Framework Law
National Water Framework Ministry of Water Resources has constituted a Drafting Committee under the Chairmanship of Dr. Y.K. Alagh to draft Water Framework Law as an umbrella statement of general principles governing the exercise of legislative and /or executive (or devolved) powers by the Centre, the States and the local governing bodies. The tenure of… Read More
India-Czech to Collaborate in Advanced Manufacturing
Acknowledging the Czech expertise in the field of engineering sector, especially automotives, the Union Minister for Commerce, Industry & Textiles Shri Anand Sharma, in a meeting with Mr. Martin Kuba, Czech Minister of Industry & Trade, invited Czech investment into the proposed National Investment Manufacturing Zones in India. Owing to the fact that the Czech… Read More
Effective Implementation of PNDT Act
As per Census Reports of the Registrar General of India, the Child Sex Ratio (CSR) in Delhi has shown 2 point decline from 868 in 2001 to 866 in 2011. However, as per information provided by the Government of NCT of Delhi, the sex ratio at birth, under the Civil Registration System, indicates some improvements… Read More
IRDA says all Insurers are required to comply with the IRDA (Protection of policyholders™ interests) Regulations, 2002
Online Sale of Insurance Policies The Insurance Regulatory and Development Authority (IRDA) has informed Online Sale of Insurance Policies is one of the ways of distribution of insurance policies. IRDA has put in place a regulatory framework for enhancing the transparency and improving the informed choice amongst all classes of policyholders during the course of… Read More
RBI Clarifies Risks arising from the deficiencies in AML regime in certain jurisdictions
RBI/2012-13/434 DBOD. AML.No. 12913/14.01.001/2012-13 March 11, 2013 The Chairmen/CEOs of all Scheduled Commercial Banks(Excluding RRBs)/ Local Area Banks / All India Financial Institutions Dear Sir, Anti-Money Laundering (AML)/Combating of Financing of Terrorism (CFT) - Standards Please refer to our letter DBOD. AML.No.8422/14.01.001/ 2012-13 dated December 12, 2012 on risks arising from the deficiencies in AML/CFT regime of… Read More
Plastic Currency Notes
It has been decided by the Government of India and the RBI to introduce one billion pieces of Rs. 10 notes in polymer/plastic on a field trial basis. The field trial will be conducted in five cities viz. Kochi, Mysore, Jaipur, Bhubaneswar and Shimla with varied geographical locations and climatic conditions. Reserve Bank of India… Read More
SEBI Board Meeting
The SEBI Board met in New Delhi today and took the following decisions: Regulations for issuance and listing of non-convertible redeemable preference shares: The Board approved the SEBI (Issue and Listing of Non-Convertible Redeemable Preference Shares) Regulations, 2013 thereby providing a comprehensive regulatory framework for issuance and listing of non-convertible redeemable preference shares. As in… Read More
Status of New Steel Policy
The Minister of Steel, Shri Beni Prasad Verma has said that as the matter involves detailed discussions with various stakeholders and with different Ministries / Departments, at this stage it is difficult to indicate by when the new Policy will be finalised. In a written reply in the Lok Sabha today he said, the prices… Read More
States Consulted on National Food Security Bill
A meeting of Food Ministers and Food Secretaries of States/Union Territories (UTs) was held on 13.02.2013 in New Delhi to discuss recommendations of the Standing Committee on Food, Consumer Affairs and Public Distribution on the National Food Security Bill, 2011. States/UTs expressed their views on recommendations of the Standing Committee on various aspects of the… Read More
FM Speak :: Emphasizes need for enhancing World Bank’s capital base to meet the challenges of developing countries
Finance Minister During his Meeting with the World Bank President Emphasizes the Need for Enhancing the Capital Base of the Bank to Meet the Challenges of Poverty Reduction and Infrastructure Development in the Developing Countries In view of the huge investment requirements in the infrastructure, social and rural development sectors in India, the Union Finance… Read More
Extension of date for receipt of comments on TRAI™s consultation paper on Issues relating to Media Ownership
The Telecom Regulatory Authority of India (TRAI) released a consultation paper on Issues relating to Media Ownership on 15th February, 2013, inviting written comments from the stakeholders by 8th March, 2013 and counter comments by 15thMarch 2013. On request of the stakeholders, the last date for receipt of written comments has been extended up to… Read More
Extension of last date to receive comments on TRAI™s pre-consultation on Pan India Full Mobile Number Portability
Telecom Regulatory Authority of India (TRAI) had invited comments of stakeholder on pre-consultation on ˜Full Mobile Number Portability (Pan-India Number Portability)™ dated 20th February 2013. The last date for receiving written comments from the stakeholders was fixed as 07th March 2013. Keeping in view the request of stakeholders for extension of time for sending their… Read More
Industry & Budget 2013-14
The General Budget presented by the Finance Minister Shri P. Chidamaram for the year 2013-14 had several initiatives for the Industries. The Budget for 2013-14 has a clear focus on catalyzing investment, creating jobs and providing opportunities for the youth. Several positive measures have been announced in the Budget which will boost the investment sentiment.… Read More
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