Others - Corporate Law Reporter

Status of Free Trade Agreement negotiations with Australia

India and Australia agreed in early 2008 to set up a Joint Study Group (JSG) comprising Government officials and research organizations to explore the feasibility of Free Trade Agreement (FTA) between the two countries. A considered view on whether to go ahead to an FTA has been taken by the Government (Trade and Economic Related… Read More

GoI decision to grant Green Channel Status to Firms with a Turnover of Rs.1000 Crore

Government has taken a decision to grant green channel status for DGS&D Rate Contracts to PSUs and firms (Indian as well as foreign) having an average turnover of Rs.1000 crore or more during the last three years and making profit in any three years of the last five years. So far, twenty firms have been… Read More

Government Measures to Revive Aviation Industry

The Minister of State for Civil Aviation Shri K.C Venugopal informed Lok Sabha today that a working group was constituted under the Chairmanship of Secretary, Civil Aviation with Finance Secretary, Financial Services Secretary, M/o Petroleum & Natural Gas DGFT and Joint Secretary, Civil Aviation to discuss the factors causing stress in civil aviation and to… Read More

Current Status of Indo-EU Free Trade Agreement Talks

The Government of India is negotiating a bilateral Broad Based Trade and Investment Agreement (BTIA) with the European Union (EU) and negotiations were launched in Brussels on 28-29 June, 2007 based on the recommendations of the High Level Trade Group at the 7th India-EU Summit in October, 2006 in Helsinki. Negotiations across a number of… Read More

Directorate of Radiation Safety to strengthen the safety regulatory control

The Atomic Energy Regulatory Board (AERB) has signed MOUs relating to setting up of Directorate of Radiation Safety (DRS) with the States of Kerala (1999), Madhya Pradesh (2010), Tamil Nadu (2010), Mizoram (2011), Punjab (2011), Chhattisgarh (2012), Gujarat (2012), Himachal Pradesh (2012), Maharashtra (2013) and Odisha (2013). The objective underlying the setting-up of the State-level… Read More

National Policy for Farmers (NPF) for improving Economic Viability of Farming and increasing Income of Farmers

The main policy goal of National Policy for Farmers (NPF), 2007 is to improve economic viability of farming by substantially increasing net income of farmers. Towards this end, the major initiatives envisaged in NPF, 2007 inter alia include (i) Asset Reforms to Empower Farmers with regard to Land, Water, Livestock, Fisheries & Bio resources; (ii)… Read More

Ministry of Food Processing clarification on SPV for Management of Mega Food Parks

The execution, ownership and management of the Mega Food Park is vested with a Special Purpose Vehicle (SPV). The main eligibility criteria of the SPV is indicated below: i. The SPV shall be a Body Corporate registered under the Companies Act. ii. Each SPV would have at least three entrepreneurs / business units, with the… Read More

Coal Ministry identifies 42 Coal Blocks for Exploration

A programme for exploration of 37 coal blocks included in the total 42 blocks has been drawn for exploration during the 12th Five Year Plan. The names of these blocks are as under:- S.No Block S.No Block S.No Block 1 Mahajanbari 11 Tamla North 21 Tambia 2 Chandrabila 12 Kalyanpur-Badalpara 22 Patasi 3 Gandh- Bahera-Ujhaini 13 Kundanali Laburi 23 Bicharpur East… Read More

CIL Floats Expression of Interest for Overseas Coal Assests

Coal India Limited (CIL) had floated an expression of interest for selection of strategic partners from four countries namely Indonesia, South Africa, Australia and USA in July, 2009. After evaluation some of the proposals were short listed and due diligence activities were carried out for 3 brown-filed coal assets from listed companies one each in… 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

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