Others - Corporate Law Reporter

Disinvestment of 10 percent paid up equity capital of Indian Oil Corporation Limited

The Cabinet Committee on Economic Affairs, in accordance with the Government of India`s disinvestment policy, has approved the disinvestment of 10 percent paid-up equity in the Indian Oil Corporation Limited (IOCL), out of its equity capital holding of 78.92 percent. The disinvestment will be through Offer for Sale (OFS) method in the domestic market according… Read More

Revision of rehabilitation package for Hindustan Organic Chemicals Limited

The Cabinet Committee on Economic Affairs has approved the proposal of the Ministry of Chemicals and Fertilizers to revise the following terms and conditions of the revival package, approved in 2006, for the Hindustan Organic Chemicals Limited (HOCL): (a) Postponement of the redemption of shares to the Govt. of India, worth Rs. 270 crore (total… Read More

CCEA approves continuation of Rajiv Gandhi Grameen Vidyutikaran Yojana in 12th Plan

The Cabinet Committee on Economic Affairs has approved the proposal of the Ministry of Power for continuing the Rajiv Gandhi Grameen Vidyutikaran Yojana (RGGVY) in the 12th Plan for: i. Completing spillover works of projects sanctioned in 10th and 11th Plan. ii. Continuing the scheme for covering all remaining `census villages and habitations with population… Read More

Collaboration of IIT, Hyderabad under the ODA loan scheme with Japan International Cooperation Agency

The Cabinet Committee on Economic Affairs has approved the collaboration project of Indian Institute of Technology, Hyderabad (IITH) under the Official Development Assistance (ODA) loan by Government of Japan and grants by Ministry of Human Resource Development (MHRD), Government of India. The project costing Rs. 1776.50 crore will be financed out of the ODA loan… Read More

Creation of the Special National Investment Fund

The Cabinet Committee on Economic Affairs has approved creation of the Special National Investment Fund for the specific objective of meeting the minimum public shareholding of 10 percent requirement in the following six Central Public Sector Enterprises (CPSEs). (i) Andrew Yule & Company Ltd. (ii) Fertilizers & Chemicals (Travancore) Ltd. (iii) Hindustan Photo Films Manufacturing… Read More

Cabinet approves Centrally Sponsored Scheme for marketing of Minor Forest Produce

Mechanism for marketing of Minor Forest Produce (MFP) through Minimum Support Price (MSP) and development of value chain as a measure of social safety for MFP gatherers The Union Cabinet today approved a Centrally Sponsored Scheme for marketing of non-nationalized / non monopolized Minor Forest Produce (MFP) and development of a value chain for MFP… Read More

Cabinet Approves interest subvention scheme to provide short-term crop loans to farmers

Interest Subvention to Public Sector Banks (PSBs), Private Sector Banks, Cooperative Banks and Regional Rural Banks (RRBs) and to NABARD for refinance to RRBs and Cooperative Banks for providing short-term crop loan to farmers at interest rate of 7 per cent per annum The Union Cabinet today approved continuation of the interest subvention scheme to… Read More

Amendment to the Government’s Resolution on the Public Interest Disclosure and Protection of Informers (PIDPI) Resolution.

The Union Cabinet today gave its approval for amendment in the Resolution No. 89 dated 21st April, 2004, commonly known as the Public Interest Disclosure and Protection of Informers (PIDPI) Resolution to designate the Chief Vigilance Officer (CVO) of each Ministry/Department of the Government of India as the "Designated Authority" in addition to the Central… Read More

Amendment to the Right to Information Act, 2005

The Union Cabinet has approved introduction of a Bill in the coming session of the Parliament to amend the Right to Information Act, 2005, to exclude the political parties from the definition of Public authority for the purpose of the Act. The Central Information Commission (CIC) in its decision dated 03.06.2013, has held that the… Read More

Direct Benefit Transfer for LPG (DBTL) Scheme – report

Direct Benefit Transfer for LPG (DBTL) Scheme commences in Mandi today ; all 20 phase-I districts covered ; DBTL Scheme Hits another milestone; over 3 Million Transactions carried out The Direct Benefit Transfer for LPG (DBTL) scheme, which is being implemented in high Aadhar enrolment districts, has commenced operations in Mandi district of Himachal Pradesh from today.… Read More

Review of Foreign Direct Investment (FDI) caps and routes in various sectors

Cabinet Decision The Union Cabinet today approved the proposal for review of Foreign Direct Investment (FDI) caps and routes in various sectors. The Government has decided to amend the provisions relating to the FDI caps and routes in various sectors as under: 1. Petroleum & Natural Gas (Petroleum refining by the Public Sector Undertakings (PSU), without… Read More

National Capital Region Transport Corporation – Memorandum & Articles of Association Signed for new shell company

In a move that is expected to transform the National Capital Region, the various stakeholders have signed the Memorandum & Articles of Association (MAA) for setting up a new shell company called National Capital Region Transport Corporation (NCRTC). The MAA was signed by all the constituent states of National Capital Region (Delhi, Haryana, Rajasthan, Uttar… Read More

Review of the policy on Foreign Direct Investment (FDI) in Multi-Branded Retail Trading

Cabinet Decision The Union Cabinet today approved the proposal for amendment in the existing FDI policy in Multi-Brand Retail Trading (MBRT) in para 6.2.16.5(1) (iii), (iv) and (vi) of 'Circular 1 of 2013 - Consolidated FDI Policy. a) Amendment in para 6.2.16.5(1) (iii) of 'Circular 1 of 2013- Consolidated FDI Policy' to read as follows: At least… Read More