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Commerce Ministry to push for relaxation of Visa norms for foreigners in SEZ
The Commerce Ministry will push for a relaxation in employment visa norms for foreigners in Special Economic Zone units that bring in large foreign direct investment. The ministry is receiving feedback from the industry, after which it will formally send a proposal in this regard to the Home Ministry, an official said. At present, employment… Read More
Recent Initiatives of the Government for Justice Delivery and Legal Reforms
The Government is taking various initiatives to improve justice delivery system in the country and for improving justice delivery and legal reforms and steps to reduce pendency in courts from 15 to 3 years by 2012. These are as under: National Mission for Justice Delivery and Legal Reforms: The Government has ˜in principle™ approved setting… Read More
India™s Foreign Trade: April, 2011
EXPORTS (including re-exports) India™s Exports during April, 2011 were valued at US $ 23849.32 million (Rs. 105819.43 crore) which was 34.42 cent higher in Dollar terms (34.03 per cent higher in Rupee terms) than the level of US $ 17742.13 million (Rs. 78951.58 crore) during April, 2010. IMPORTS India™s Imports during April, 2011 were valued at US… Read More
India signs DTAA with Government of Mozambique
No.402/92/2006-MC (12 of 2011) Government of India / Ministry of Finance Department of Revenue Central Board of Direct Taxes The Government of India notified the Double Taxation Avoidance Agreement (DTAA) with the Government of Mozambique for the avoidance of double taxation and for the prevention of fiscal evasion with respect to taxes on income on… Read More
MCA introduces Refund process for payments done in excess or erroneously
1. What is refund process? The user is required to make various payments to avail MCA21 services. A number of instances have been observed where the users make multiple payments or incorrect payment or excess payment while using these services. In order to allow the stakeholders to claim refund of such payments, refund process has… Read More
Log on to Facebook or Twitter to complain about misleading Ads
Errant advertisers could face more heat from industry watch dog Advertising Standards Council of India (ASCI), which has jumped on the social networking bandwagon, encouraging youths to speak out against questionable campaigns through its Facebook and Twitter accounts. Within a month of making its debut on Facebook and Twitter, ASCI has already received ten times… Read More
It pays to promote CEOs from within
A study of S&P 500 non-financial companies over 20 years (1988-2007) shows that businesses that exclusively promote CEOs from within the organisation outperform companies that recruit CEOs from outside the organisation. In the international study, 36 companies with CEOs promoted within the company outperformed others across seven measurable metrics: return on assets, equity and investment,… Read More
Govt. defers decision on Navi Mumbai SEZ split proposed by Sr. Ambani
The government today deferred a decision on a request from Mukesh Ambani-promoted Navi Mumbai SEZ for splitting itself into five zones, seeking more details from the developer. The issues was taken up by the Board of Approval (BoA) headed by Commerce Secretary Rahul Khullar at its meeting here. "The issue will be looked into by… Read More
Mines Ministry proposes raising funds abroad for Exploration Cos
Concerned over inadequate fund flows into the mining sector, the Mines Ministry has proposed allowing domestic exploration firms to raise funds abroad by listing equity-linked securities. The Ministry of Mines has also suggested facilitating venture capital investment and listing of early stage exploration companies. "Venture capital flows to be facilitated by bringing concepts of flow… Read More
HC to CCI: Provide Complete order by 3rd June
The Delhi High Court today asked Competition Commission to provide the NSE by friday its complete order including views of members dissenting with the majority ruling that held the bourse guilty of abusing market dominance. The National Stock Exchange (NSE) will have to reply to the Competition Commission of India (CCI) in the five working… Read More
Centre Seeks Views of State Governments and Political Parties on Lokpal
The Centre has sought the views of State Governments and Political Parties on certain issues related to drafting of Lokpal Bill. The text of the letter written by the Chairman of the Drafting Committee, Shri PranabMukherjee is as follows: The issue of setting up of a Lokpal to curb corruption in high places has been under the consideration of the… Read More
India and Iran discuss on issues related to Settlement of Payments
India and Iran hold detailed and Constructive Discussions on the Various Options for Resolving the Issues relating to Settlement of Payments; agreed to continue their Engagement in the Matter India and Iran sides held detailed and constructive discussions for two days i.e. May 30-31, 2011 on the various options for resolving the issues relating to… Read More
Jairam Ramesh to Release Report on Green Economy and the Forest on World Environment Day
Shri Jairam Ramesh to Release UNEP Report on Green Economy and the Forest on World Environment Day World Environment Day, 5th June is observed each year throughout the world, to focus attention on emerging environmental issues, and to induce public action. For 2011 UNEP (United Nations Environment Programme) has given the theme "Forests: Nature at Your… Read More
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