Others - Corporate Law Reporter

CLR Snippets | All options on Sovereign Bond Issue on Table

Some of the news channels /news wires have been misreporting that the Government of India is no longer contemplating a Sovereign Bond Issue. These reports are without any basis. As the Ministry of Finance has said repeatedly, all options are on the table and are examined from time to time. Steps are taken by the… Read More

MOUs Signed between ICAR and the Industry to Commercialize Agri-Technologies

A number of MoUs were signed between ICAR and the industry here today. MoUs have been signed for more than 60 ready-to-commercialize agro-technologies from different agricultural sectors like crops, horticulture, food technology, veterinary, agri-engineering, agri-inputs and fisheries. The signing of MoUs was part of the two-day Agri-Tech Investors Meet 2013, which was concluded today. On… Read More

NTPC subsidiary enters into agreement with KSEB

NTPC Vidyut Vyapar Nigam Limited (NVVN), a wholly owned subsidiary of NTPC Limited, has entered into a Power Purchase Agreement (PPA) with Kerala State Electricity Board (KSEB) for supply of 300 MW Round the Clock (RTC) power for a period of three years starting from 1st March 2014. The PPA was signed by Shri N.K.Sharma,… Read More

CLR Snippets | Justice Palanisamy Sathasivam sworn in as the Chief Justice of India

At a ceremony held today (July 19, 2013) at 0930 hrs at Rashtrapati Bhavan, Shri Justice Palanisamy Sathasivam was sworn in as the Chief Justice of the Supreme Court of India. He made and subscribed to the oath of office before the President. Read More

Prime Minister™s address at ASSOCHAM Annual General Meeting

The Prime Minister, Dr. Manmohan Singh addressed the 92nd Annual General Meeting of ASSOCHAM in New Delhi today. Following is the text of the Prime Minister™s address on the occasion: I am delighted to be with you today to inaugurate the ASSOCHAM™s AGM, 2013. ASSOCHAM has, over the years, provided valuable inputs from time to… Read More

Uttar Pradesh Plan for 2013-14 Finalized

The Annual Plan for 2013-14 for the State of Uttar Pradeshwas finalised today at a meeting between ShriMontek Singh Ahluwalia, Deputy Chairman, Planning Commission and Mr.AkhileshYadav, Chief Minister of Uttar Pradesh. The Plan size has been agreed at Rs.69,200crore which includes the central assistance to the State Plan of about Rs.11,225crore. In addition, an amount… Read More

MoF – Forum for tax related issues

Ministry of Finance Constitutes a Forum Chaired by Dr. Parthasarathi Shome, Adviser to the Finance Minister for Exchange of Views between Industry Groups and Government on Tax Related Issues or Tax Related Disputes; Forum to Meet Every Wednesday; First Meeting of the Forum on August 7, 2013 From time to time, representations are received from… Read More

Direct Tax incentives to promote Skill Development – National Manufacturing Policy

The National Manufacturing Policy (NMP) 2011 proposed to provide inter alia, the following direct taxes incentives to promote skill development: Weighted deduction of 150% of the expenditure (other than land or building) incurred in Public Private Partnership (PPP) projects for skill development in manufacturing sector in separate facilities in coordination with National Skill Development Corporation… Read More

Meeting of Consultative Committee of Information & Broadcasting

Minister for Information & Broadcasting, Shri Manish Tewari today chaired the meeting of the Consultative Committee of the Ministry. The meeting discussed the activities related to Indian Institute of Mass Communication (IIMC) and the members were given a presentation of the Leveson Report and its relevance and implications in the Indian context. Welcoming the members,… Read More

Engineering Sector Seeks greater Share in Africa Markets

Concerned over a sharp year-on-year fall of 9.25 per cent drop in engineering exports in June despite rupee depreciation by about same ratio in the last two months, the EEPC India (Formerly known as Engineering Exports Promotion Council) with support of the Commerce & External Affairs Ministries is seeking new markets in the African continent… Read More

Department of Food Launches Electronic Transfer of Funds

The Department of Food & Public Distribution has launched the system of electronic transfer of funds. Shri Sudhir Kumar, Secretary of the Department launched the system here today. On the occasion he said that the system would bring more efficiency in the financial working of the Department and would ensure quick and direct transfer of… Read More

Direct Benefit Transfer for LPG Scheme – Progress

Dr Moily describes progress of DBTL Scheme a success with 2.28 million transactions achieved within 6 weeks; Petroleum Minister Reviews implementation of DBTL Scheme in 19 Districts The Minister of Petroleum and Natural Gas Dr M Veerappa Moily has said that implementation of Direct Benefit Transfer for LPG (DBTL) Scheme has been a matter of great… Read More

Deliberation on steps for revenue mobilisation & tax administration reforms

Union Finance Minister, Shri P. Chidambaram to inaugurate conference of Chief Commissioners/Directors General of Indirect Taxes ; To deliberate on steps for revenue mobilisation & tax administration reforms. The All India Annual Conference of Chief Commissioners and Directors General of Customs, Central Excise and Service Tax will be held at Vigyan Bhawan, New Delhi on 17th&18th… Read More