Others - Corporate Law Reporter

MoU with China to Address Trade Deficit

India and China have signed MoUs /Agreements to promote Indian exports to China during the visit of Premier Mr. Li Keqiang to India in May 2013. Details are given below: (i) MoU for the Export of Buffalo Meat from India to China entered into between the Agricultural and Processed Food Products Export Development Authority (APEDA) and the General Administration of Quality Supervision, Inspection and… Read More

Toll Levying and Collection Policy

Government has notified the National Highways Fee (Determination of Rates & Collection) Rules, 2008 on 5.12.2008, as amended from time to time, for the projects taken up on or after 05.12.2008. For the stretches completed before 5th December, 2008 the fee collection is as per the National Highways (collection of Fees by any person for… Read More

Public Library Act

The Minister of Culture Smt. Chandresh Kumari Katoch has said that State Governments are pursued for enactment of Public Library Acts through Raja Rammohun Roy Library Foundation which is the nodal agency of Ministry of Culture, Government of India for development of Public Library System and services in the Country. Name of the States and year of… Read More

Food Security Bill to Provide Food and Nutritional Security in Human Life Cycle Approach

Proposed National Food Security Bill is unique initiative to provide for food and nutritional security in human life cycle approach, by ensuring access to adequate quantity of quality food at affordable prices. Nowhere in the world, such a social justice programme has been attempted at such a gigantic scale. This was stated by Prof. K.V.Thomas, Minister… Read More

FDI in Pharmaceutical Sector

The Department of Industrial Policy and Promotion who are nodal Department of Foreign Direct Investment(FDI), has informed that the policy for allowing FDI, up to 100% in existing companies, in the Pharmaceuticals sector, under the Government approval route, was introduced vide Press Note 3 of 2011, dated 08.11.2011. This provision has since been incorporated under Circular 1… Read More

Commerce Ministry Plans Outreach Progammes to Improve Trade Ties With CIS Countries

The Ministry of Commerce & Industry is conducting outreach programmes in different cities to make Indian business persons aware of commercial opportunities available in the Commonwealth of Independent States (CIS) countries. To fill the information gap, we in the Commerce Ministry are planning outreach programmes in five cities, said Shri Ravi Kapoor, Joint Secretary in… Read More

CLR Snippets | New Member Secretary Appointed to the Law Commission of India

Shri N.L. Meena, Additional Secretary in the Ministry of Law & Justice, has been appointed as the Member Secretary to the Law Commission of India. As per the Appointments Committee of the Cabinet, Shri Meena has been appointed so from the forenoon of 8th August 2013 against the existing vacancy. Read More

Statement by Shri P Chidambaram, Union Finance Minister in Parliament

Following is the Text of the Statement made by the Union Finance Minister Shri P. Chidambaram in Parliament today: Last year, at this time, the foremost challenge to the Indian economy was the growing fiscal deficit. Hence, on August 6, 2012 I made a statement on the path of fiscal consolidation that we intended to take. Following… Read More

Defence Funds under Corporate Social Responsibility

The amount spent by the Defence Public Sector Undertakings (DPSUs) under Corporate Social Responsibility (CSR) activities during the last three years, i.e. during 2010-11, 2011-12 and 2012-13, is given in Annexure Name of the DPSU Amount spent on CSR activities (Rs. in lakhs) 2010-11 2011-12 2012-13 (provisional) Hindustan Aeronautics Ltd 179.19 580.65 888.12 Bharat Electronics… Read More

eBiz Portal to serve as a 24X7 online single-window system

Ministry of Commerce & Industry launched the eBiz portal on 28.01.2013 comprising the License and Permits Services component that will allow business users to obtain information on customized list of licenses, permits, and regulations that they require or need to comply with across all levels of government in five pilot States viz., Andhra Pradesh, Delhi,… Read More

A Statement on FDI Inflow

India has a liberal Foreign Direct Investment (FDI) policy wherein most of the sectors are open to Foreign Direct Investment (FDI) on the automatic route except a few which are either prohibited or restricted for FDI. The clearances and permissions for setting up industries are granted by various authorities at the central and state level.… Read More

Setting Up of NIMZ – National Investment and Manufacturing Zones

Government has granted in-principle approval to five National Investment and Manufacturing Zones (NIMZs) outside the DMIC region. The state governments have to acquire the necessary land before any projects can be considered in these zones. Eight zones have been announced as NIMZ along the Delhi Mumbai Industrial Corridor (DMIC). The Government has received nine proposals… Read More

Concessions to Exporters – A report

The details of amount released to each of the States//Union Territories under Assistance to States for Developing Export Infrastructure and Allied Activities (ASIDE) Scheme during last three years and the current year are enclosed as Annexure-I. Under the ASIDE scheme, a major portion of the fund allocation is provided to all the States / UTs on the basis of a… Read More