Others - Corporate Law Reporter

Government Constitutes Working Group for Drafting National Sports Development Bill, 2013

Transparency and good governance in sports federations of the country is imperative for development of sports in India. For this purpose, the government drafted a Sports Development Bill in 2011. It has now been decided that further consultations are required with the stake-holders on the provisions of the Bill. To facilitate the holding of such… Read More

FM Speak :: Immediate Challenges are to Consolidate Economy, Return to Higher Growth Rate

Immediate Challenges are to Consolidate the Economy, Return to the Path of Higher Growth Rate and Ensuring the Gains ofgrowth Reach More and More People; Government™s Targeted Policies for Poor with Fewer Leakages due to Implememtation of Direct Benefit Transfer System to Help in Translating Higher Outlays into Better Outcomes; Rationalisation of Foreign Investment in… Read More

MECL signs MoU with Ministry of Mines

Mineral Exploration Corporation Ltd. (MECL), the premier exploration agency of country has signed a Memorandum of Understanding (MoU) with Ministry of Mines, for the financial year 2013-14. Shri R.H. Khwaja, Secretary, Ministry of Mines & Dr. Gopal Dhawan, Chairman-cum- Managing Director, MECL, signed an MoU here today. Continuing with the improvement in physico-financial performance of… Read More

Ministry of Panchayati Raj formulates the e-Panchayat Mission Mode Project to address core functioning issues

An Expert Group chaired by Director General, National Informatics Centre, on Information Technology (IT) Programmes of the Ministry of Panchayati Raj (MoPR), had recommended preparation of plans incorporating a minimum computing environment for all three tiers of Panchayati Raj Institutions (PRIs). Accordingly, the MoPR formulated the e-Panchayat Mission Mode Project (MMP) wherein 11 Core Common… Read More

Drugs and Cosmetics Rules, 1945 amended for registration of Ethics Committees for Clinical Trials

The Drugs and Cosmetics Rules, 1945 have been amended vide Notification G.S.R No. 72(E) dated 8.2.2013 incorporating Rule 122DD and amending the Appendix VIII of Schedule Y for registration of Ethics Committee. This amendment provides details about the functioning of the Ethics Committee as well as the requirements and guidelines for their registration. The constitution… Read More

Model Regulation for State Electricity Commissions

The Forum of Regulators (A forum comprising of Chairperson of the Central Electricity Regulatory Commission and Chairpersons of the State Electricity Regulatory Commissions) has approved a Model Regulation for State Electricity Regulatory Commissions (SERCs) on Renewable Purchase Obligation (RPO) and its compliance, wherein there is a provision for levy of compliance charge on the basis… Read More

Significant Rise in Allocation to Farm Sector

As against budget provision of Rs. 17,867.32 crore (Revised Estimates 2012-13), the amount released as on 11.3.2013 is Rs. 16,666.45 crore. These schemes would be continued, rationalized into five missions, five central sector schemes and one state plan scheme in order to improve focus and to avoid overlap. An allocation of Rs. 21,609 crore has… Read More

Public Investment in Farm Sector Rises in Recent Years

As per the latest estimates supplied by Central Statistics Office (CSO), Public investment/Gross Capital Formation (GCF) in agricultural sector has increased from Rs.9239 crore in 1991-92 to Rs.22095 crore in 2011-12 at 2004-05 prices. Present rate of public investment (GCF) in 2011-12 in the agriculture and allied sectors is at 3 per cent of agricultural… Read More

Fertilizer JVs with Foreign Countries

At the behest of the Government, Indian Farmers Fertiliser Cooperative Limited (IFFCO) and Krishak Bharati Cooperative Limited (KRIBHCO) have collaborated with Oman Oil Company to set-up a Joint Venture entity namely ˜Oman India Fertilizer Company™(OMIFCO) for production of urea and ammonia. Under this arrangement, OMIFCO is supplying its urea to the Government of India at… Read More

Clarification regarding TED Refund where TED exemption is available

Government of India Ministry of Commerce and Industry Directorate General of Foreign Trade Udyog Bhawan, New Delhi Policy Circular No. 16 (RE-2012/2009-14) Dated: 15th March, 2013 To, All Regional Authorities All Development Commissioners, SEZ. Subject : Clarification regarding TED Refund where TED exemption is available. It has come to the notice of this Directorate… Read More

GoI Steps for Reforms in Health Sector

The Eleventh Plan highlighted various health issues in the country, which inter-alia included high Maternal Mortality Ratio (MMR), Infant Mortality Rate (IMR) and Total Fertility Rate (TFR) and called for initiatives for improving health care indicators. Various initiatives taken by Ministry of Health and Family Welfare in partnership with States/UTs have resulted in improvement of… Read More

Government not planning to introduce National Health Bill

The Government has no plans to introduce National Health Bill. In order to provide relief to the common man in the area of healthcare, a countrywide campaign in the name of Jan Aushadhi Campaign has been initiated by the Department of Pharmaceuticals, in collaboration with the State Governments, by way of opening up of Jan… Read More

Infrastructure Projects Debts under PPP and Model Concession Agreements to be Treated as Secured Lending

On 18th March 2013, Reserve Bank of India (RBI) has eased the norms for treating bank loans as secured finance by notifying that the debt due to the lenders in case of Public Private Partnership (PPP) projects may be considered as secured by the respective Banks to the extent assured by the Project Authority in… Read More