Others - Corporate Law Reporter

All India Conference of Central Administrative Tribunal to be held Tomorrow

The All India conference of the Central Administrative Tribunal will be held here tomorrow. Mr. Justice Altamas Kabir, Chief Justice of India will be the Chief Guest. Dr. Ashwani Kumar, Union Minister for Law and Justice will preside and Shri V. Narayanasamy. Minister of State for Personnel, Public Grievances & Pensions will be the special… Read More

Proposed Changes in Narcotic Drugs and Psychotropic Substances Act, 1985

Views of the State Governments/Union Territories had been sought on regulatory changes relating to availability of opioids for palliative care and reasonable safeguards to address the concerns of the legitimate trade and industry dealing with narcotic drugs and psychotropic substances. At present, there is no proposal under consideration to bring out new narcotic drugs within… Read More

Insurance Regulatory and Development Authority frames two new regulations

The Insurance Regulatory and Development Authority (IRDA) has informed that two regulations have been framed, namely, (i) Insurance Regulatory and Development Authority (Linked Insurance Products) Regulations 2013 dated 18.02.2013 and (ii) Insurance Regulatory and Development Authority (Non- Linked Insurance Products) Regulations 2013 dated 18.02.2013 to make life insurance products user friendly. The provisions of the… Read More

Government launches drive against Fake Pan Cards

The Government has launched drive against fake Permanent Account Number (PAN) cards. As a continuous process, in order to know the genuineness of Know Your Customer (KYC) documents on Proof of Identity (POI) and Proof of Address (POA), third party field verification is conducted after allotment of PAN. The information of failed KYC verification is… Read More

Report on Efforts to Check Fake Currency Notes

The Shilabhadra Banerjee Committee constituted to review the acquisition procedure of the security features for currency notes has submitted its report to the Government. The main recommendations of the Committee and action taken thereon are indicated below: i) Creation of Directorate of Currency: Directorate of Currency has been set up in the Ministry of Finance.… Read More

GoI clarification on Adoption of International Norms on Radiation From Towers and Handsets

Government of India, in the year 2008, adopted the international radiation norms prescribed by International Commission on Non Ionizing Radiation Protection (ICNIRP) in respect of mobile towers and mobile handsets. Further, in respect of mobile towers, norms for exposure limit for the Radio Frequency Field (Base Station Emissions) has been reduced to 1/10th of the… Read More

12th Five Year Plan Proposes setting up Telecom Finance Corporation for Telecom Sector funding

The 12th Five Year Plan (2012-2017) has recommended that Telecom Finance Corporation may be created as a vehicle to access funds at competitive rates to facilitate the funding needs to the Telecom Sector, in case of requirement. The National Telecom Policy-2012 has also envisaged the creation of Telecom Finance Corporation as a vehicle to mobilize… Read More

No Classification of “Essential Medicines” under Price Control Mechanism

Under the provisions of the Drugs (Prices Control) Order, 1995 (DPCO, 1995) the prices of 74 bulk drugs as listed in its First Schedule and the formulations containing any of these scheduled drugs are controlled. There is no classification as essential medicines in the Drugs (Price Control) Order, 1995. The National Pharmaceutical Pricing Policy, 2012… Read More

Legislation for Price Control and Monitoring of Drugs

To implement the provisions of National Pharmaceutical Pricing Policy, 2012, the process of finalising a new Drug (Price Control) Oder has started. National Pharmaceutical Pricing Authority is the implementation authority of existing Drug (Price Control) Order the National Pharmaceutical Pricing Policy, 2012 and the new Drugs (Prices Control) Order. This information was given by the… Read More

Budget Allocation to “Bringing Green Revolution to Eastern India” under Rashtriya Krishi Vikas Yojana

Keeping in view the enthusiastic results of the implementation of BGREI programme, an allocation of Rs. 1,000crore has been announced for the programme in the Budget Speech for the year 2013-14. In addition, National Food security Mission (NFSM) and Rashtriya Krishi Vikas Yojana (RKVY) etc. are also being implemented in BGREI States for increasing agricultural output. The programme of Bringing Green Revolution to Eastern India (BGREI)… 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