Others - Corporate Law Reporter

ADB aims at Better India- signs Loan Agreement to strengthen Bihar’s Power sector

The Government of India and Asian Development Bank (ADB) today signed a $132 million loan agreement for strengthening Bihar™s power sector. The signatories to the loan were Shri Venu Rajamony, Joint Secretary (Multilateral Institutions), Department of Economic Affairs, Ministry of Finance, on behalf of the Government of India, and Shri Prodyut Dutt, Officer-in-Charge, ADB's India… Read More

Facebook IPO coming soon with valuation over USD 100 billion

Facebook, a social networking site is likely to file an IPO by the first quarter of 2012, with a valuation of over USD 100 billion. Facebook is likely to go public by next spring, CNBC quoted people familiar with the matter as saying. "The company's IPO, were it to happen by next spring, would probably be… Read More

Govt ‘purposefully’ defaming Lokpal movement : Anna

Anti-corruption activist Anna Hazare today accused the office bearers of Congress and union ministers of intentionally "defaming" the Lokpal movement and emerging NGO sector in the country. "They (the government) making lot many allegations, including the so-called hidden support and political agenda designed by RSS and BJP, is a sheer humiliation of sentiments of the… Read More

The Management Accountant – CWA Journal for June 2011

The Management Accountant Journal for June, 2011 published by Institute of Cost and Works Accountants of India is available for download below. Read More

Mobile Payment System is the need of the day : ASSOCHAM

Associated Chambers of Commerce (ASSOCHAM) today said innovative mobile payment system which has mass appeal is required for non-cash payment modes. "The need of the hour is to develop an innovative mobile payment system which is customised to the Indian ecosystem requirements and has a mass appeal," ASSOCHAM Communications Convergence Committee Chairman T V Ramachandran… Read More

PM and judiciary should be within the ambit of Lokpal bill : Narayana Murthy

Software icon N R Narayana Murthy today backed Anna Hazare's movement against corruption and favoured the Prime Minister and the judiciary coming under the ambit of the Lokpal bill. The Chairman and Chief Mentor of Infosys also supported the people taking to streets demanding an end to corruption. "I think in a democracy, pluralism is… Read More

Ramdev’s illness is due to “other reasons” – Lalu Prasad

Taking potshots at Ramdev, RJD chief Lalu Prasad today said that his illness was not due to fast but for "other reasons" like probe into financial transactions of his Trust. Cautioning Ramdev against falling prey to the "designs of RSS and BJP, Prasad said if Ramdev wants to join politics he should do it as… Read More

Suggestions invited on the Mines (Amendment) Bill,2011

Hon™ble Speaker, Lok Sabha has referred ˜The Mines (Amendment) Bill, 2011™ as introduced in Rajya Sabha to the Standing Committee on Labour for examination and Report. Considering the wider implications of the proposed amendment and the deeper concern of safety and security of mine workers, the Standing Committee on Labour under the Chairmanship of Shri… Read More

Government Notifies the Collection of Statistics Rules, 2011 Under the Collection of Statistics Act, 2008

The Collection of Statistics Act, 2008 was enacted by the Parliament on 7th January 2009. It was brought into force on 11th June 2010. The Act repealed the Collection of Statistics Act, 1953. Rules under the Act, namely, the Collection of Statistics Rules, 2011 were notified on 16th May 2011. Some of the salient features… Read More

Kisan Call Centres – A huge success

More and more farmers are seeking expert advice from Kisan Call Centres (KCCs) using the free phone facility available throughout the country. In 2011-11, over 20 lakh calls were received by the Kisan Call Centres as compared to 9 lakh calls in the previous year. Since its inception in 2004, KCCs have received more than 62 lakh calls. At present, 25 KCCsare operating in the country. Farmers can use toll free number… Read More

Loss reported of around RS 335 crore due to strike in Maruti Suzuki india

The production at Maruti Suzuki India's Manesar facility continues to be completely stopped as the workers' strike at the plant entered its eighth day today. Around 2,000 workers at the plant have been on strike since Saturday, resulting in a production loss of about 6,600 units till yesterday. The value of the loss is estimated… Read More

Guidance Manual for Audit Quality (a reference for achieving excellence by professional Cost Accountants)

The Quality Review Board of the Institute, in its meeting held on 4th June 2011, has approved the release ofExposure Draft of Guidance Manual for Audit Quality. The proposed manual may be modified in light of comments / suggestions received. The members are requested to forward their comments / views / suggestions on the same preferably by… Read More

IRDA (Scheme of Amalgamation and Transfer of General Insurance Business) Regulations, 2011

NOTIFICATION NO. [F. NO.IRDA/REG/1/55/2011], DATED 20-5-2011 In exercise of the powers conferred by clause (zc) of sub-section (2) of section 114A of the Insurance Act, 1938 (4 of 1938) read with sections 6A, 14 and 26 of the Insurance Regulatory and Development Authority Act, 1999 (41 of 1999) in consultation with the Insurance Advisory Committee,… Read More