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MCA 21 site relaunched with a New Look
The Minsitry of Corporate Affairs (MCA) site http://mca.gov.in/MCA21/ has been relaunched today with a new look and feel which is much more cleaner & colorful. The Minstry has been keeping vibrant these days with the Green initiatives and this seems to be a feather in the cap. Good Job MCA. … Read More
Lifting of ban on Wheat and Rice after the proposed National Food Security Act
Agriculture Minister Sharad Pawar today said the government will take a final view on lifting the export ban on wheat and non-basmati rice after assessing foodgrains requirement under the proposed National Food Security Act. Last month, Pawar had said that the government should give a serious thought on allowing export of wheat and non-basmati rice,… Read More
Assocham calls for Lifting of ban on raw cotton exports
Industry body Assocham today called for lifting of the ban on raw cotton exports following a 40 per cent decline in cotton prices during the past one-and-a-half month, to protect farmers interests across the country. "The government must allow cotton exports immediately or those holding stocks will have to bear heavy losses. Traders will not… Read More
2G case : 5 Corporate honchos in Jail
Five corporate honchos, including Unitech Group MD Sanjay Chandra and Group MD of Reliance ADAG Gautam Doshi, will remain in jail in the 2G case with the Delhi High Court today dismissing their bail pleas, saying "the gravity of offence itself is sufficient to deny bail". Besides Chandra and Doshi, Justice Ajit Bharihoke also rejected… Read More
Security Feature to be added in Currency Notes
The government today said it is working towards introducing security features in currency notes across all denominations to check the menace of counterfeiting. "Counterfeiting of our currency is a matter of great concern for the government... to check this menace of fake currency, an exercise for introduction of security features in all denominations of Indian… Read More
Prime Minister™s address at release of Report to The People 2010-11
Following is the address of the Prime Minister, Dr. Manmohan Singh at release of Report to the People 2010-11: We are meeting here again to present our Report to the People. I have viewed this initiative as a symbol of our commitment to transparency and accountability in governance. The United Progressive Alliance has offered seven… Read More
FICCI to announce its General Secretary
Ficci will announce its new Secretary General tomorrow, the industry body's top post vacated by Amit Mitra who has become the Finance Minister of West Bengal. The selection of the Secretary General will be made by the Seniors Committee, comprising of former presidents of Ficci - Y K Modi, Rajan Bharati Mittal and Harshpati Singhania,… Read More
EPFO to appoint Fund Manager to manage its 3 Lacs crore corpus
Employees Provident Fund Organisation (EPFO) is in the process of appointing multiple fund managers for manging its funds for a three year period beginning July 1. The meeting of the committee to recommend the appointment of the fund managers for EPFO to its trustees is likely to be held next week where the panel would… Read More
Flexibility in Labour laws proposed in the New Manufacturing Policy
India will formulate its new policy for increasing share of manufacturing in its gross domestic product with a view to create additional jobs in the country. Prime Minister Manmohan Singh has convened a meeting on June 2 of senior ministers to give a direction for firming up the policy. Its draft prepared by the industry… Read More
Foreigners receiving more patents in India than Indians
There are more foreigners than Indians receiving patents in India, prompting the government to say "much needs to be done to encourage more domestic innovations". The number of patents granted to Indian applicants has steadily decreased from a high of 41 per cent in 2002-03 to a low of 17 per cent in 2009-10, according… Read More
Finmin to set-up Directorate of Criminal Investigation by end of May, 2011
The Finance Ministry is likely to set up Directorate of Criminal Investigation, a specialised wing to probe cases of black money, money laundering and terror funding, by the end of this month. "A dedicated unit called Directorate of Criminal Investigation will look into the nexus between black money (which is illegally acquired), money laundering, and… Read More
Debate is on on the proposed Open Offer Limit in the new Takeover code
In order to bring down the cost of acquisition, the Finance Ministry is likely to peg the open offer limit to 50-75 per cent as against 100 per cent recommended by the Sebi panel on the new Takeover Code. "In regard to 100 per cent open offer (as recommended by Achuthan panel), more or less… Read More
IT Dept. starts scrutinizing 6.5 Lacs Frozen Demat Accounts
The Income Tax Department has started scrutinizing over 6.5 lakh demat accounts, which were frozen following 2006 IPO scam, to see if blackmoney was used to purchase equities by persons through multiple accounts. "Investigation and intelligence wings have started looking into the frozen accounts with substantial amounts lying in them to see if they are linked," a… Read More
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