Others - Corporate Law Reporter

Clarification regarding Commission on Railway Safety

The working of Commissioner of Railway Safety is governed by the Railways Act, 1989. There is no proposal of amendment with regard to segregating the role of regulator, operator and investigator at present. There is no lack of coordination between the Commission of Railway Safety and the Railways. The Commission of Railway Safety functions under… Read More

National Electricity Policy and Steps towards provide economical electricity

Steps taken to provide Electricity at Economical rates. With a view to bringing improvement in the power sector and to provide electricity at economical rates to the consumers, following important steps have been taken by the Union Government :- (i) National Electricity Policy was notified in 2005 under the Electricity Act 2003 addressing the issues… Read More

Allocation of New Exploration Licensing Policy

Allocation of New Exploration Licensing Policy Gas only to Power plants agreed to Supply entire Electricity to Distribution Licensees. Empowered Group of Ministers (EGoM) has decided that the existing and future allocations of New Exploration Licensing Policy (NELP) gas to power plants be subject to the condition that the entire electricity produced from the allocated… Read More

Government Disinvestment in Central Public Sector Enterprises

Disinvestment of minority shares in Central Public Sector Enterprises (CPSEs) has become an important source of raising resource for the Government. The policy of ˜disinvestment™ in CPSEs has evolved over the years. Disinvestment of government equity in CPSEs began in 1991-92 following the Industrial Policy Statement of 1991, which stated that the Government would divest… Read More

Decontrol of Sugar proposals likely to be placed before the cabinet in a week

The decontrol of the Sugar sector has taken a new turn with the PM Mr. Manmohan Singh intervening to ensure speed to that process. The sector has remained under strict state supervision despite ongoing liberal reforms which started two ago. The Prime Minister has asked the Ministry of Food to start acting promptly on the… Read More

ICAI Releases Guidance Note on Accounting for Oil and Gas Producing Activities

Oil and gas is the lifeline of the economy of a country. The economic health of a country, among other factors, is also measured by the amount of oil and gas that is consumed in the country India, though having ample supply of natural mineral wealth, has traditionally been an importer of oil and gas. Every year a large… Read More

Approach to regulation and supervision in the post crisis world

(Keynote address by Shri Anand Sinha, Deputy Governor, Reserve Bank of India at the program ˜Supervisory Effectiveness in the Post Crisis World™ organized by Centre for Advanced Financial Research and Learning (CAFRAL) at Mumbai on February 4, 2013) Ms. Usha Thorat, Director, Centre for Advanced Financial Research and Learning (CAFRAL), Mr. Aristobulo de Juan, a… Read More

National Commission for Higher Education & Research – A National overarching regulatory body in higher education proposed

The setting up of the national overarching regulatory mechanism for higher education was specifically opposed by the State Governments of Bihar, Kerala, Punjab, Tamil Nadu and West Bengal. This information was given by Shri M.M. Pallam Raju, Minister for Human Resource Development, in written reply to a question in the Lok Sabha today. The Central… Read More

Top Ten Profit Making Central Public Sector Enterprises

Table shown below provides the list of top ten profit making CPSEs. Oil & Natural Gas Corporation Ltd., NTPC Ltd. and Coal India Ltd. ranked first, second and third CPSEs respectively amongst the top ten profit making CPSEs. As per the Public Enterprises Survey 2011-12, tabled in Parliament recently, all the top ten profit making… Read More

Online submission of project proposals for funds through newly launched Electronic Project Proposal System

Union Minister for Communications and IT, Shri Kapil Sibal held a round table discussion with Academia, Industry and R&D organizations, here yesterday. The round table was held in order to have broad consensus and opinion on the proposed ICT&E R&D and Innovation Framework prepared by DeitY. During this event, the Minister also launched the `Electronics… Read More

GoI approves TRAI recommendations on application of Green Energy in the Telecom Sector

Use of Renewable Energy in Telecom Sector The Telecom Regulatory Authority of India (TRAI) recommendations on Green Energy applications have been approved by Government. Following directives have been issued to the licensees/all ILD service providers to adopt measures to green the Telecom sector setting broad directions & goals: i. At least 50% of all rural… Read More

Liability of Nuclear Suppliers

Section 4 of the Civil Liability for Nuclear Damage Act, 2010 channels the liability for nuclear damage to the operator of the nuclear installation. The operator of the nuclear installation after paying the compensation for nuclear damage, shall have a right of recourse against the supplier in accordance with Section 17 of the said Act.… Read More

GoI statement on Role of TRAI

TRAI has contributed significantly in the growth of telecom services, resulting in increase in consumer base and deployment of vast network of the telecom services by the service providers across the length and breadth of the country. These measures have resulted in overall benefits to the consumer in terms of choice of services, affordable tariff… Read More