Others - Corporate Law Reporter

State Food Ministers Conference to Discuss National Food Security Bill

The Union Food Ministry has called a meeting of State Food Ministers on February 13 to have detailed consultations on National Food Security Bill before it is again placed in the Parliament. The National Food Security Bill, to provide a statutory framework for assured food security to all was introduced in Lok Sabha on 22nd… Read More

FM Speak :: Need for non-intrusive tax administration

Government Once again urges all Tax Payers to Disclose their true income and pay Appropriate Taxes within the Current Financial Year; Nodal Cell set up to Capture the Response and take Follow-up Action; an Online Monitoring System to Ensure Follow-up Action and Track Return Filing and Tax Payment of the Target Segment The Union Finance… Read More

ICSI organises International Trade Development and Investor Awareness

Background The bilateral trade between India and Indonesia is expected to grow to around $ 45 billion by 2015. With signing of many MoUs, the trade between the two nations is expected to grow at a rapid pace. There is a vast scope for cooperation between Indonesia and India interalia in the fields of tourism, infrastructure,… Read More

Disinvestment of Paid up Equity Capital in Oil India Limited

Disinvestment of 10% of Paid up Equity Capital in Oil India Limited through Offer for Sale (OFS) Mechanism.Completed; Net Proceeds Worth Rs. 3141.39 Crore.Received by The Government through OFS The offer on sale(OFS) transaction in Oil India Ltd. was held on 01.02.2013. A total number of 601,13,157 shares were sold at the cut off price of Rs.… Read More

DTAA Amendment Protocol signed between India and Sweden

Protocol Amending the Convention and the Protocol between the Republic of India and the Kingdom of Sweden signed for the Avoidance of Double Taxation and for Prevention of Fiscal Evasion with Respect to Taxes on Income and on Capital The Convention and Protocol between the Government of the Republic of India and the Government of… Read More

News Related to Nashik Currency Note Press

Currency Note Press, Nashik has Highest Ever Monthly Production of 451.5 Million Pieces (MPCS) of Banknotes during January, 2013 Currency Note Press (CNP), Nashik (a unit of SPMCIL) which is engaged in production of Bank Notes using state of the art technology, has produced 451.5 million pieces (mpcs) of Banknotes during January, 2013.This is the… Read More

Merger of National Lake Conservation Plan and National Wetlands Conservation Programme into a new scheme

Merger of National Lake Conservation Plan and National Wetlands Conservation Programme into a new scheme The Cabinet Committee on Economic Affairs today approved the proposal for the merger of National Lake Conservation Plan (NLCP) and National Wetlands Conservation Programme (NWCP) into a new scheme called the `National Plan for Conservation of Aquatic Eco-systems` (NPCA). The… Read More

Cabinet Approval for formation of Special Purpose Vehicle for pipeline project

Formation of SPV (TAPI Limited) for the TAPI Pipeline Project and to permit GAIL India Ltd. to join the SPV The Union Cabinet today gave its approval for formation of the Special Purpose Vehicle (SPV) for the Turkmenistan-Afghanistan-Pakistan-India(TAPI) Pipeline Project and to permit GAIL India Ltd. to join the SPV. The four countries involved in the… Read More

Railway Revenue Earnings up during April 2012- January 2013

The total approximate earnings of Indian Railways on originating basis during 1st April 2012 to 31st January 2013 were Rs. 101223.95 crore compared to Rs. 84083.74 crore during the same period last year, registering an increase of 20.38 per cent. The total goods earnings have gone up from Rs. 56163.30 crore during 1st April 2011… Read More

NTPC Limited Disinvestment of Paid up Equity Capital through Offer for Sale Mechanism

Gross Proceeds Worth Rs. 11469.39 Crore Received by the Government through Disinvestment of 9.50% of Paid up Equity Capital in NTPC Limited through Offer for Sale (OFS) Mechanism The Offer for sale (OFS) transaction in NTPC Ltd. was held on 07.02.2013. A total number of 783,262,880 shares were sold at the cut off price of Rs. 145.55… Read More

Advance Estimates of National Income, 2012-13

The Central Statistics Office (CSO), Ministry of Statistics and Programme Implementation has released the advance estimates of national income at constant (2004-05) and current prices, for the financial year 2012-13. 2. These advance estimates are based on anticipated level of agricultural and industrial production, analysis of budget estimates of government expenditure and performance of key sectors… Read More

Amendments to the National Bank for Agriculture and Rural Development (NABARD) Act, 1981

The Union Cabinet today gave its approval to the amendments to the National Bank for Agriculture and Rural Development (NABARD) Act 1981 The following amendments to the NABARD Act 1981 are proposed:- 1. Raising the authorized capital of NABARD to Rs. 20,000 crore from Rs. 5,000 crore. 2. The meaning of cooperative society is proposed… Read More

Ministry of Railways Invites Suggestions on its Proposed Policy on Rail Terminals at Private Ports

Ministry of Railways has formulated final draft policy on Rail Terminals at Private Ports. The draft document is already available on the website of the Ministry of Railway, (Railway Board) www.indianrailways.gov.in . Ministry of Railways has invited suggestions/comments on this proposed policy from zonal railways and prospective investors latest by 10th February 2013. Comments/suggestions may… Read More