Others - Corporate Law Reporter

Rail Budget – Marginal Increase in Some Charges, Enhanced Reservation Fee Abolished

The Minister of Railways Shri Pawan Kumar Bansal has announced to effect marginal increase in some charges which are in the form of compensation for cost actually incurred by Railways in rendering relevant services. While presenting Railway Budget for 2013-14 in Parliament today he said that the charges have not been revised for last… Read More

Rail Budget – Thrust on Safety, Consolidation, Improving Passenger Amenities and Fiscal Discipline

Rail Budget Lays Thrust on Safety, Consolidation, Improving Passenger Amenities and Fiscal Discipline Operating Ratio Likely to Improves to 87.8% In 2013-14 Highest Ever Plan Outlay of Rs. 63,363 Crore Increase in Passenger Fare Absorbed 10 Year Perspective Plan to be Taken up on Safety E-Ticketing Through Mobile; Sms Alert to Passengers For Reservation Update… Read More

Disinvestment proceeds to be credited to the existing public account for Capitalising Public Sector Banks

The Government has decided that the disinvestment proceeds with effect from the fiscal year 2013-14 will be credited to the existing public account under the head National Investment Fund (NIF) and will be used for subscribing to the shares being issued by the Central Public Sector Enterprises (CPSEs) including Public Sector Banks (PSBs) and Public… Read More

IRDA taking initiatives to educate consumers against mis-selling of insurance products and unfair business practices of Insurance Companies

Mis-Selling of Insurance Products and Unfair Business Practices of Insurance Companies; Implementing the Integrated Grievance Management System (IGMS) The Insurance Regulatory and Development Authority (IRDA) has informed that following initiatives have been put in place to educate the consumers against mis-selling of insurance products and unfair business practices of Insurance Companies:- Publicity in English, Hindi… Read More

Guidelines for Granting Licences to Start Private Banks

The Reserve Bank of India (RBI) has finalized guidelines for granting licences to start banks in private sector. Vide its Press Release dated 22.02.2013, the RBI has released its Guidelines for Licences of New Banks in the Private Sector. Key features of the guidelines include eligible promoters; ˜fit and proper™ criteria; corporate structure of the… Read More

Trading of Foreign Exchange by Nationalized Banks

Reserve Bank of India (RBI) has informed that nationalized banks are allowed to trade in foreign exchange. The details of profit / loss of nationalized banks by trading in foreign exchange operations during the financial year 2009-10, 2010-11 and 2011-12 are at Annex. This was stated by the Minister of State for Finance, Shri Namo… Read More

TRAI releases Consultation Paper on ˜Review of Tariff for National Roaming™

Telecom Regulatory Authority of India (TRAI) releases Consultation Paper on ˜Review of Tariff for National Roaming™ The tariff for National Roaming Services was last specified by the Authority through Telecommunication Tariff Order (44th Amendment) dated 24th January, 2007. In view of the changes in regimes governing some of the cost components which formed part of… Read More

TRAI directs all MSOs and LCOs in notified Digital Addressable Cable TV Systems areas to implement Subscriber Management Systems

TRAI issues Directions to all the registered MSOs and their linked LCOs operating in notified DAS areas regarding implementation of Subscriber Management Systems. TRAI has issued Directions to multi system operators (MSOs) and their linked local cable operators (LCOs), providing cable TV services in the notified Digital Addressable Cable TV Systems (DAS) areas, covered under… Read More

Schemes and Projects for the development of Scheduled Tribes

Schemes for Scheduled Tribes The Ministry of Tribal Affairs is implementing Special Area Programmes/ Central Sector/Centrally Sponsored Schemes for the socio-economic development of Scheduled Tribes in the country. The projects for the development of Scheduled Tribes under the schemes/programmes of the Ministry are implemented through the State/UT Governments and Non-Governmental Organisations (NGOs). Details of the… Read More

Verification of Photograph and Signature of Members of ICSI

Members of ICSI are requested to send the scanned images of the latest colored photograph for uploading/replacing on the website of the Institute for facilitating the online verification of Member's Identity and also of the specimen signature. We would request you to kindly arrange to send the same at email-ID memberaddress@icsi.edu as per details given… Read More

Implementation of Central Projects

The Minister of State (Independent Charge) for Statistics and Programme Implementation Shri Srikant Kumar Jena has said that Ministry of Statistics and Programme Implementation monitors the Central Sector Infrastructure Projects costing Rs. 150 crore and above (Rs. 20 crore and above before 31st March 2010) on the basis of information supplied/uploaded by the project implementing… Read More

Twelfth Plan strategy seeks to establish a Universal Free Health Coverage system

The Twelfth Plan strategy seeks to strengthen initiatives taken in the Eleventh Plan to expand the reach of health care and work towards the long term objective of establishing a system of Universal Health Coverage (UHC) in the country. The Plan envisages substantial expansion and strengthening of the public health systems both in rural and… Read More

Review of implementation of the e-Panchayat Mission Mode Project

e-Governance of Panchayats The Ministry of Panchayati Raj has been reviewing the implementation of the E-Panchayat Mission Mode Project (MMP) in the review meetings which are held from time to time to monitor the progress of the Project. In the recent past, such national review meeting of all States and UTs was held on 11-12… Read More