Others - Corporate Law Reporter

GoI reprioritises Expenditure from Non-Plan to Plan in order to Meet 12th Plan Outlay

The Economic Survey 2012-13 presented by the Union Finance Minister, Shri P. Chidambaram in the Lok Sabha today observed that repriorisation of expenditure from non-Plan to Plan would be critical in meeting the proposed 12th Plan outlay. The total non-Plan expenditure as per Budget Estimates for 2012-13 is placed at Rs. 9,69,900 crore while the… Read More

Economic Survey Acknowledges Benefits of Market Diversification

The Economic Survey presented by the Finance Minister, Shri P. Chidambaram in the Parliament today expressed satisfaction over the strategy of market diversification There has been significant market diversification in India™s trade. Region wise, India™s exports to Europe and America have declined to 18.7 per cent and 19.5 percent respectively in 2012-13 from 25.9 per… Read More

Legal Services Show a Steady Annual Growth of 8.2%

Legal Services Show a Steady Annual Growth of 8.2% Free Legal Services Benefit More than 7.82 Lakh Person Legal services in the country have been growing at a steady annual rate of 8.2% from 2005-06 to 2011-12. The Indian legal profession consists of nearly 1.2 million registered advocates, about 950 Law schools and approximately 4… Read More

India Has Highest Increase in Share of Services in GDP at 8.1%

A comparison of the services performance of the top 15 countries for the 11 year period from 2001 to 2011 shows that the increase in share of services in GDP is the highest for India with 8.1 percentage points. These 15 top countries include major developed countries alongwith Brazil, Russia, India and China. While China™s… Read More

Key recommendations made by ASSOCHAM for Budget 2013-14

In the current economic environment of falling GDP growth and recession in many parts of global market, it is crucial that forthcoming Union Budget addresses indirect tax issues currently facing Indian industry and service sectors. In the backdrop of the current economic scenario, ASSOCHAM makes following key recommendation relating to indirect taxes which need to… Read More

Government™s Key Initiatives to Boost Manufacturing

The Government has taken several initiatives to uplift overall business sentiment, boost investment, strengthen industry and in particular the manufacturing sector in the country. The Twelfth Five Year Plan document lays down broad strategies for spurring industrial growth. It recommends sector specific measures covering micro, small, medium and large industries in the formal as well… Read More

Measures Taken by Government to Protect Consumers from Price Rise

The Government has undertaken various measures to insulate the vulnerable sections of society from price rise. The central issue prices(CIP) for rice (at Rs. 5.65 per kg for below poverty line(BPL) and Rs. 3 per kg for Antodaya Anna Yojana (AAY) families) and wheat (at Rs. 4.15 per kg for BPL and Rs. 2 per… Read More

Summary of Economic Survey

SUMMARY OF ECONOMIC SURVEY More than 6 Per Cent Growth Forecast for Next Fiscal Considerable Enhancement for Social Sector Spending India on Verge of Creating Quality Jobs to Seize ˜Demographic Dividend™ Indian economy is likely to grow between 6.1% to 6.7% in 2013-14 as the downturn is more or less over and the economy is… Read More

TRAI imposes Financial Disincentives on Violation of Guidelines

TRAI has imposed financial disincentives on service providers for violation of the provisions of regulations. TRAI had imposed financial disincentives on various service providers for violation of the provisions of the regulations, as per the details given below:- Year Name of Service Provider Amount of Penalty Violation 2009-10 M/s Vodafone Rs.15,000/- Under Telecom Unsolicited Commercial… Read More

DoT issues New instructions for Verification of Subscribers

New set of instructions have been issued in respect of mobile subscribers vide DoT letter dated 09.08.2012. These instructions revise earlier instructions issued on the subject from time to time. These instructions inter-alia prescribe the following: A passport size photograph should be pasted on the Customer Acquisition Form (CAF) and the documents as proof of… Read More

Launch of Government to Business (G2B) Portal

As a part of Government`s initiative to improve the business environment and the ease of doing business in the country, the Department of Industrial Policy & Promotion, Ministry of Commerce & Industry launched the eBiz portal on 28.01.2013 comprising Licenses and Permits Services component that will allow business users to obtain a customized list of… Read More

Court duty bound to provide relief when called upon – is open to exercise jurisdiction, under Article 226

CLR Editorial Note: When the Constitution confers on the High Court the power to give relief, it becomes the duty of the court to give such relief and that the existence of an alternative remedy is not always a sufficient reason for refusing a party quick relief by way of a writ. Jurisdiction under Article 226… Read More

Highlights of Railway Budget 2013-14

67 new Express trains to be introduced 26 new passenger services, 8 DEMU services and 5 MEMU services to be introduced Run of 57 trains to be extended Frequency of 24 trains to be increased First AC EMU rake to be introduced on Mumbai suburban network in 2013-14 72 additional services to be introduced in… Read More