Others - Corporate Law Reporter

National Rural Drinking Water Programme

The deficiencies which have been noticed in the implementation of the National Rural Drinking Water Programme (NRDWP) in some States include the non-achievement of annual targets of coverage of rural habitations, especially quality affected habitations, and the inadequate utilisation of central funds in time resulting in high unspent balances. The reasons for some States not… Read More

Policy/Procedure for Chartering Ships

The Minister of Steel, Shri Beni Prasad Verma has said that as per the existing policy of the Government, all import contracts are to be finalized on Free on Board (FOB) basis in respect of Government owned/ controlled cargoes including Public Sector Undertakings under them. The shipping arrangements are centralized in TRANSCHART, the Chartering Wing… Read More

FM Speak :: No Cause for Panic due to Currency Market Volatility; No Intention to Introduce Capital Controls

The Union Finance Minister Shri P. Chidambaram said that revival and encouragement of growth will continue to be the focus of the Government. Shri Chidambaram said that stronger growth will, in course of time, alleviate many of the challenges that we face. He said that there is no cause for the panic that seems to… Read More

The Mines and Minerals (Development and Regulation) Bill 2011

The Mines and Minerals (Development and Regulation) Bill 2011 (MMDR Bill) was introduced in the Lok Sabha on 12.12.2011 which was then referred to the Standing Committee on Coal and Steel (Standing Committee) for examination and report on 05.1.2012. The Standing Committee submitted its 36th Report on the MMDR Bill on 07.5.2013. The recommendations made… Read More

Guidelines for Education Loans

Education Loans are disbursed by Banks as per Model Education Loan Scheme of Indian Bank Association (IBA). Reserve Bank of India (RBI) has deregulated the interest rates charged by Banks, linking up with their base rates. The interest rate on education loan accordingly varies depending upon the base rate and the quantum of loan. The… Read More

Complaints Against CIBIL

Cases of providing inaccurate Credit Information Reports by CIBIL are reported to the Reserve Bank of India (RBI). The Credit Information Companies (Regulation) Act, 2005 (CIC Act), under which CIBIL functions, has a provision for alterations/corrections or updation of credit information on borrower/client™s request. The prescribed procedures are followed by Credit Information Companies for updation… Read More

Interest Subvention Scheme Extended to the Private Sector Banks from 2013-14

Additional Interest Subvention Scheme of 3% for Farmers also Extended to 2013-14 In order to provide credit to farmers at affordable rates, the Government of India has, since 2006-07, been implementing the Interest Subvention Scheme under which short-term crop loans upto Rs. 3 lakh are made available to the farmers at an interest rate of… Read More

Penetration of Life Insurance Coverage Goes Up

The penetration of life insurance sector in India has increased from 2.15% in 2001 to 3.17% in 2012 which is above Brazil, Russia, Malaysia, Pakistan, China, Srilanka, Australia, Germany but below France, Switzerland, United Kingdom, United States of America, Japan, Singapore, South Korea, Taiwan and Hong Kong. As per information furnished by Insurance Regulatory and… Read More

Food Security Bill Focuses on Nutritional Needs of Pregnant Women and Children

The Government promulgated the National Food Security Ordinance on 5.7.2013. Subsequently, the National Food Security Bill (NFSB), 2013 has been introduced in the Lok Sabha on 7.8.2013 to replace the Ordinance,. As per the Bill, 75% of the rural and 50% of the urban population, at the all India level, will be entitled to receive subsidised foodgrains under Targeted Public… Read More

Food Security Bill Proposes Doorstep Dilevery of Foodgrains and end to end Comupterisation of PDS

The Government promulgated the National Food Security Ordinance on 5.7.2013. Subsequently, the National Food Security Bill (NFSB), 2013 has been introduced in the Lok Sabha on 7.8.2013 to replace the Ordinance It provides that Central and State Governments shall endeavour to progressively undertake necessary reforms in the TPDS. These reforms inter alia include:- Doorstep delivery… Read More

National Project on Climate Resilient Agriculture

Realizing that the climate change is likely to have major impacts on agriculture, the Government through Indian Council of Agricultural Research (ICAR) has assessed the impact of climate change on Indian agriculture under different scenarios using crop simulation models. The Indian Council of Agricultural Research (ICAR) has conducted climate change impact analysis on crop yields… Read More

230 Lakh Tonne Storage Capacity to be Created under Grameen Bhandaran Yojana in XII Plan

As per Report of the Working Group on Agricultural Marketing Infrastructure, Secondary Agriculture and Policy Required for Internal and External Trade of Planning Commission, the additional warehousing facility required for the XII Five Year Plan 2012-17 is 350 lakh tonne for storing agricultural produce. Government has created warehousing and storage facilities by launching several promotional… Read More

Rs. 2000 Crores for Sub-Mission on Agricultural Mechanization for the XII Plan

In order to lay special emphasis on farm mechanization and to bring more inclusiveness, a dedicated Sub-Mission on Agricultural Mechanization for the XII Plan has been proposed with an estimated outlay of Rs.2000 crores for the entire plan period. The Sub-Mission on Agricultural Mechanization will provide assistance for Promotion and Strengthening of Agricultural Mechanization through… Read More