Others - Corporate Law Reporter

Food Security Ordinance – A statement

Union Consumer Affairs, Food and Public Distribution Minister, Shri K.V.Thomas today made a statement regarding the Food Security Ordinance in Lok Sabha. Following is the statement. In June, 2009, the Central Government made a commitment to enact a new law to provide a statutory basis for food security of the people. Accordingly, the National Food… Read More

60 Agri Export Zones Set up

The Government has setup several Agri Export Zones in different parts of the country. The details of 60 AEZs set-up in different part of the country state -wise and location-wise are as follow. All the 60 AEZs notified by DGFT have completed their span of five years. Annexure I Annexure I State-wise and location wise details of agri export zones # State AEZ… Read More

Concessions to SEZs

Supplies to SEZs for the authorized operations of the SEZ Units are exempted from payment of Central Excise Duties and Service Tax. However rebate for Central Excise Duty paid by DTA supplier on supply of goods to SEZ Units can be claimed from the jurisdictional Central Excise authorities. The SEZ Act 2005 provides for setting up… Read More

Kolkata Patent office Clarifies ITS Decision on Divisional Applications of Herceptin

This has a reference to the above-mentioned matter published today. The response of the Kolkata Patent Office vis-Ã -vis the news item is given herein below: A. India has partly revoked patents granted to Roche Holding AG for its breast cancer drug Herceptin, a spokesman for the drugmaker confirmed on Sunday. Swiss newspaper Schweiz am Sonntag reported that the Kolkata Patent… Read More

Indo-US proposed Bilateral Investment Treaty

The Bilateral Investment Agreement discussion with United States of America started on August 11-13, 2009 and as of now three rounds have been held on various elements of Bilateral Investment Treaty text of USA. The recent visit of a high level delegation led by Hon™ble Commerce & Industry Minister to US has helped to reinvigorate… Read More

Comprehensive Economic Partnership Agreement with Japan

The details of the total trade carried out between India and Japan during the last five years is as under:- Values in US $ Millions (as on 29.7.2013) S.No. \Year 2008-2009 2009-2010 2010-2011 2011-2012 2012-2013 1. EXPORT 3,025.70 3,629.54 5,091.24 6,328.54 6,099.06 2. %Growth 19.96 40.27 24.30 -3.63 3. %Share in total exports of India… Read More

Review of Trade of Agricultural Goods

As per UNCOMTRADE data, India™s share in global agricultural trade is 1.67% during 2011. India™s share in world agricultural trade is relatively low. The small share is primarily on account of very high domestic consumption, low land holding size, low productivity, constraints of supply chain and marketing linkages as well as low level of processing. Moreover,… Read More

FDI in Pharmaceuticals

Indian pharmaceutical sector has witnessed increased foreign investment in the form of strategic collaborations, mergers and acquisitions as per available information from different sources. Foreign Direct Investment in the pharmaceutical sector was allowed upto 100% on the automatic route till November, 2011, when government reviewed the policy in view of the pattern of foreign investment. As a result of… Read More

Impact of FDI in Indian Civil Aviation

Government has put in place an investor friendly Foreign Direct Investment (FDI) policy, under which FDI, up to 100%, is permitted, on the automatic route, in most sectors/activities. FDI policy is reviewed on an ongoing basis, with a view to making it more investor friendly. Significant changes in the FDI policy regime have been made in the… Read More

PM interacts with media at Parliament House, as Monsoon session begins

The Monsoon session of Parliament is beginning today and it is my sincere hope and an appeal to all sections of the House to ensure that this session is truly productive of solid results. We have wasted lot of time in the previous two or three sessions and I hope that will not be repeated… Read More

Controller of Publication in MoUD declared as the appointing authority

THE GAZETTE OF INDIA EXTRAORDINARY PART II, SECTION 3, SUB-SECTION (ii) NEW DELHI, JULY 29, 2103 MINISTRY OF URBAN DEVELOPMENT NOTIFICATION New Delhi, the 17th July, 2013 S.O. 2306(E).”Whereas, the Controller of Publication, Department of Publication, Civil Lines, Delhi, a Subordinate Office of the Ministry of Urban Development, Government of India, New Delhi has been declared… Read More

CCEA Approves proposal for Food Processing industries

Continuing scheme of Technology Upgradation/ Establishment/ Modernization of Food Processing Industries during the 12th Plan (2013-17) for meeting the committed liabilities of 12th Plan The Cabinet Committee on Economic Affairs has approved the proposal of the Ministry of Food Processing Industries for continuing the Scheme of Technology Upgradation/ Establishment/ Modernization of Food Processing Industries during… Read More

CCEA approves Huge Infra investments for BSF

The Cabinet Committee on Economic Affairs has approved the proposal for infrastructure development at various establishments of the Border Security Force (BSF) under the 12th Five Year Plan at a total estimated cost of Rs.3664.61 crore. This includes construction of 111 Barracks, 10300 residential quarters, about 210 office buildings and two composite hospitals. The approval… Read More