Others - Corporate Law Reporter

States Consulted on National Food Security Bill

A meeting of Food Ministers and Food Secretaries of States/Union Territories (UTs) was held on 13.02.2013 in New Delhi to discuss recommendations of the Standing Committee on Food, Consumer Affairs and Public Distribution on the National Food Security Bill, 2011. States/UTs expressed their views on recommendations of the Standing Committee on various aspects of the… Read More

FM Speak :: Emphasizes need for enhancing World Bank’s capital base to meet the challenges of developing countries

Finance Minister During his Meeting with the World Bank President Emphasizes the Need for Enhancing the Capital Base of the Bank to Meet the Challenges of Poverty Reduction and Infrastructure Development in the Developing Countries In view of the huge investment requirements in the infrastructure, social and rural development sectors in India, the Union Finance… Read More

Extension of date for receipt of comments on TRAI™s consultation paper on Issues relating to Media Ownership

The Telecom Regulatory Authority of India (TRAI) released a consultation paper on Issues relating to Media Ownership on 15th February, 2013, inviting written comments from the stakeholders by 8th March, 2013 and counter comments by 15thMarch 2013. On request of the stakeholders, the last date for receipt of written comments has been extended up to… Read More

Extension of last date to receive comments on TRAI™s pre-consultation on Pan India Full Mobile Number Portability

Telecom Regulatory Authority of India (TRAI) had invited comments of stakeholder on pre-consultation on ˜Full Mobile Number Portability (Pan-India Number Portability)™ dated 20th February 2013. The last date for receiving written comments from the stakeholders was fixed as 07th March 2013. Keeping in view the request of stakeholders for extension of time for sending their… Read More

Industry & Budget 2013-14

The General Budget presented by the Finance Minister Shri P. Chidamaram for the year 2013-14 had several initiatives for the Industries. The Budget for 2013-14 has a clear focus on catalyzing investment, creating jobs and providing opportunities for the youth. Several positive measures have been announced in the Budget which will boost the investment sentiment.… Read More

Bill Introduced in the Lok Sabha for Setting UP Agricultural Biosecurity Authority

Agriculture and FPI Minister, Shri Sharad Pawar introduced a Bill in the Lok Sabha today to provide for establishment of an Authority for prevention, control, eradication and management of pests and diseases of plants and animals and unwanted organisms. The proposed legislation will ensure agricultural biosecurity of the country for common benefit and for safeguarding… Read More

GoI nod to providing Time Bound Services to Citizens

The Government, in a meeting on 7th March, has given its nod to a Bill which is aimed at providing time-bound service delivery for passports, pensions and birth and death certificates, among several others. The bill was introduces in 2011 and is known as the Right of Citizens for Time-Bound Delivery of Goods and Services… Read More

Contribution of the Central Public Sector Enterprises to GDP and Central Exchequer

The share of ˜gross value addition™ in Central Public Sector Enterprises (net value addition + depreciation) as percent of Gross Domestic Product (at current market price) stood at 5.67 percent in 2011-12 against 5.44 percent in 2010-11. If, however, the under-recoveries of oil marketing companies (amounting to Rs. 55041 crore in 2011-12 and 37190 crore… Read More

12th Five Year Plan envisages expansion and strengthening of the public health systems through Universal Free Health Coverage

Establishing a universal health coverage system entails assured access to a defined essential range of medicines and treatment at an affordable price to each individual. In this direction, the 12th Five Year Plan envisages substantial expansion and strengthening of the public health systems both in rural and urban areas, with robust provision of primary health care. Several of… Read More

DPE wants respective Ministries to ensure continued fulfillment of Miniratna criteria

Status of Miniratna Central Public Sector Enterprises The Department of Public Enterprises under the Ministry of Heavy Industries and Public Enterprises has written to concerned 25 Ministries/ Departments on 20th December, 2011 requesting them to, inter-alia, ensure that the Miniratna Central Public Sector Enterprises (CPSEs) under their respective administrative control continue to fulfil the laid… Read More

IRDA reports over INR 3000 Cr unclaimed money, will not be appropriated or written back

Rs. 3096 Crore Unclamed Money in Insurance Sector The Insurance Regulatory and Development Authority (IRDA) has informed that the total unclaimed amount for the insurance industry, as reported by the insurers, in Rs. 3096.72 Crpre (as on 31.03.2012). Of this Rs. 2476.19 Crore is in Life Industry and Rs. 620.53 Crore in Non-Life industry. IRDA… Read More

PSBs advised to conduct E-Auction of immovable Properties under SARFAESI Act 2002

During the meeting of General managers (Recovery/Legal) of all Public Sector Banks (PSBs) held on November 1, 2012, PSBs were advised that all auctions of the immovable properties under ˜The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, 2002™ be done through e-Auction with a view to conduct free, fair… Read More

30% Sebsidy on solar appliances under the Off-grid and Decentralized Applications Scheme

The Ministry of New & Renewable Energy under the Off-grid and Decentralized Applications Scheme of Jawaharlal Nehru National Solar Mission is providing a subsidy of 30% of the cost of solar lanterns, home lights, streets lights, solar water pumping systems and solar water heating systems. The subsidy is limited to Rs. 81 per Wp for… Read More