Others - Corporate Law Reporter

Domestically Manufactured Laptops, PCs and Tablet PCs to be given Preference in Government Procurement

Notifications for Providing Preference to Domestically Manufactured Laptop PCs and Tablet PCs in Government Procurement The Government has notified the policy for providing preference to domestically manufactured electronic products in procurement due to security considerations and in Government procurement vide Department of Electronics and Information Technology (DeitY) Notification No.8(78)/2010-IPHW dated 10.2.2012. This is one of… Read More

Index of Eight Core Industries (Base: 2004-05=100)

Index of Eight Core Industries (Base: 2004-05=100) December 2012 Press Note The summarized Index of Eight Core Industries with 2004-05 base is given in the Ammexures. The Eight core industries have a combined weight of 37.90 per cent in the Index of Industrial Production (IIP). The combined Index was 154.6 in December 2012 with a growth rate… Read More

ONGC Videsh Limited Acquisition of oilfields overseas Approved

Approval for ONGC Videsh Limited's acquisition of participating interest in ACG Fields in Caspian Sea sector and BTC pipeline in Azerbaijan The Cabinet Committee on Economic Affairs today gave its approval to authorize ONGC Videsh Limited (OVL) to acquire Participating Interest (PI) owned by Hess Corporation`s wholly-owned subsidiaries in the upstream and midstream oil and… Read More

Official Amendments to Lokpal and Lokayuktas Bill, 2011

The Union Cabinet has approved the proposals submitted by the Department of Personnel & Training for moving official amendments to the Lokpal and Lokayuktas Bill, 2011 as reported by the Select Committee of Rajya Sabha. The Lokpal and Lokayuktas Bill, 2011 was passed by the Lok Sabha on 27th December, 2011. The Bill was taken… Read More

Revival of Scooters India Limited, Lucknow

The Union Cabinet today approved the revival of Scooters India Limited, Lucknow (SIL) through infusion of funds of Rs. 90.38 crore as capex/working capital and financial restructuring through waiver/conversion of Government of India loan/interest to the tune of Rs.111.58 crore. The Cabinet also approved the 2007 pay scales to the employees as per the Department… Read More

Disclosure Requirements on Advances Restructured by Banks and Financial Institutions

RBI/2012-13/409 DBOD.BP.BC.No.80/21.04.132/2012-13 January 31, 2013 All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Disclosure Requirements on Advances Restructured by Banks and Financial Institutions Please refer to paragraph 16 of Master Circular on Prudential norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances dated July 2, 2012 in terms of which banks should disclose… Read More

Financial Literacy Material for Financial Literacy Centres

RBI/2012-13/408 RPCD.FLC.No.7641/12.01.018/2012-13 January 31, 2013 To Chairman/CMDs of Scheduled Commercial Banks (including RRBs) Dear Sir Financial Literacy Material Please refer to our circular RPCD.FLC.No.12452/12.01.018/2011-12 dated June 6, 2012 regarding revised guidelines on the Financial Literacy Centres (FLC), in terms of which it was advised that FLCs and all the rural branches of scheduled commercial banks should scale… Read More

Public Profile of the New President of the Council of The ICSI

CS S.N. Ananthasubramanian President, Council of The ICSI CS S.N. Ananthasubramanian has been elected as the PRESIDENT of the Council of the Institute Company Secretaries of India (ICSI) w.e.f. 19th January, 2013. He was the VicePresident of ICSI in 2012. A member of the Council of ICSI since 2007, he was reelected in 2010 for… Read More

Public Profile of the New Vice-President of the Council of The ICSI

CS Harish K. Vaid Vice-President, Council ofThe ICSI CS Harish K. Vaid has been elected as the Vice-President of the Council of the Institute of Company Secretaries of India (ICSI) w.e.f 19th January 2013. CS Harish K Vaid, a Commerce & Law Graduate, is a Fellow Member of The Institute of Company Secretaries of India. Besides being… Read More

ICSI issues clarification on implementation of new training structure

Clarification on Notification number 710/1(M)/1 dated 29th December, 2012 notifying the draft Company Secretaries (Amendment) Regulations, 2012 implementing the new training structure Dear Student, This has reference to the Institute™s Notification number 710/1(M)/1 dated 29th December, 2012 pertaining to the draft Company Secretaries (Amendment) Regulations, 2012 proposing amendments in the Company Secretaries Regulations, 1982 by the Institute (ICSI)… Read More

I&B Ministry Constitutes Expert Committee to Review Functioning of Prasar Bharti

The Ministry of Information & Broadcasting has constituted an Expert Committee for the purpose of reviewing the institutional frame work of Prasar Bharati including its relationship with Government, its continuing role as a public broadcaster and measures needed to ensure technical upgradation of the organization. The composition of the Expert Committee is as under:- i)… Read More

Information & Broadcasting Ministry statement on regulations for the media space

Regulation must Keep Pace with Changing Technologies- Shri Manish Tewari I&B Minister inaugurates BES Expo 2013 Minister for Information & Broadcasting, Shri Manish Tewari has said with the exponential growth in the media space, a paradigm shift has taken place wherein regulations have to keep pace with changing technologies. An enabling statutory environment has to… Read More

Date for Receipt of applications for Allotment of Coal Blocks to PSU Extended

The Ministry of Coal has extended last date of receipt of applications for allocation of 17 coal blocks to the Government Companies/Undertakings from January 30th,2013 to February 8th, 2013. The Ministry of Coal has initiated the process of allocation of Coal Blocks under the amended provisions of MMDR Act and Rules framed thereunder. In the… Read More