Others - Corporate Law Reporter

National Mission for Justice Delivery and Legal Reforms to be set up soon

The Union Cabinet today approved the proposal of Ministry of Law and Justice to operationalize the National Mission for Justice Delivery and Legal Reforms to realize and implement the objectives set out in the Vision Document adopted at the Conference of Chief Ministers and Chief Justices. The objective of the Mission is to increase access… Read More

Google soon to come in 5 more Indian languages

On tuesday, Google announced the expansion of its translation services, which will now comprise of 5 more Indian languages. The languages to be introduced will be Bengali, Gujarati, Kannada, Tamil and Telugu which will allow the largest internet search engine giant Google to reach out to half a million people. Ashish Venugopal, research scientist at… Read More

Assocham for Unconventional methods to curb inflation

Asssocham has suggested government to adopt unconventional instruments to control inflation rather than depending on the convential methods like raising the interest rates which is not helping to solve the problem at the core level. "Conventional monetary measures do not directly address the cause of inflation, but rein in expectations of it spiralling out of… Read More

GOI planning to provide subsidy to farmers of fertiliser directly

In pursuit of its objective to provide a direct cash subsidy to farmers for fertilisers, the government is mulling the feasibility of transferring the subsidy in cash to about 2.3 lakh retailers, instead of the fertiliser makers, as a preliminary step. A task force headed by Nandan Nilekani is working on a model for… Read More

GOI announces auction for Sale (Re-Issue) of Government Stocks

Government of India have announced the sale (re-issue) of (i) 7.59 percent Government Stock 2016 for a notified amount of Rs.3,000 crore (nominal), (ii) 8.08 percent Government Stock 2022 for a notified amount of Rs.6,000 crore (nominal) and (iii) 8.28 percent Government Stock 2032 for a notified amount of Rs.3,000 crore (nominal) through price based… Read More

Accrual Based Financial Reporting in Government” is today’s requirement – FM

CLR Note: Finance Minister Pranab Mukherjee today inaugurated the National Conference of the State Finance Ministers on Accrual Based Financial Reporting in Government". This has been recommended to improve the transparency and fixing the accountability of departments for managing state-owned assets. He said, that "Based on the knowledge gained through pilot studies and the experience of some… Read More

IMF MD’s post continues to remain vacant

Finance Minister Pranab Mukherjee today said the government has not yet arrived at a decision regarding its choice for the next Managing Director of the International Monetary Fund. He also said that India is in touch with other member countries of the multilateral body in this matter. "There are two candidates left (in race for… Read More

New York Mayor wants removal of cap on H1B visa and Green Card

Calling for a comprehensive immigration reform that gives more opportunities to high-skilled workers from countries like India, New York Mayor Michele Bloomberg has demanded removal of Congressional mandated cap on H-1B visas and Green Cards. "We must stop telling US companies that they cannot hire the high-skilled workers they need. By making it difficult for… Read More

MPLAD Guidelines made broad based, simple and easily implementable

Government Changes MPLAD Guidelines to Make them More Broad Based, Simple and Easily Implementable Government of India, after 13 years, is increasing the annual allocation of MPLAD funds from Rs.2 crore to Rs.5 crore per Member of Parliament. The Minister of Statistics & Programme Implementation Dr. M.S.Gill firmly believes that the benefit of the scheme… Read More

Handbook on Disinvestment will now be available through Public Offerings

CLR Note: A handbook on Disinvestment has been released, and appreciated initiative taken by the Department of Disinvestment to help on the rules, regulations laid down for the purpose. Its gives a step-by-step guide line to the entire disinvestment process starting from seeking Government approval to final listing on the stock exchanges. Even the online version… Read More

Scheme for Organising Book Fairs, Book Exhibitions and Participation in International Book Fairs and Publishing Events

Union Ministry of Culture has announced a scheme which is known as Financial Assistance for Book Fairs, Book Exhibitions and participation in International Book Fairs and publishing Events etc™. The main object of the scheme are popularization of Indian Culture through the quality of Books and create climate n which a vast number of people would buy and read books.… Read More

Do expect a decent salary hike this Financial Yr (hopefully:)

Job market in India looks promising as companies have doled out salary hikes in the range of 10-13 per cent across industries this year and are now exploring innovative methods to successfully retain their workforce, says a survey. According to staffing firm Kelly Services' annual Employment Outlook and Salary Guide 2011-12, 2011 proved a breather… Read More

Hike in Interest rates will destabilise economy : FICCI

On the eve of credit policy review by the Reserve Bank, industry body FICCI today warned that any further hike in interest rates would "destabilise" industrial growth and weaken the economy. In a letter to RBI Governor D Subbarao, Chairman of Ficci Finance Committee Udayan Bose has said that recent evidence of slowdown in cement… Read More