Others - Corporate Law Reporter

CCEA approves Multi-Disciplinary Research Units (MDRUs) in 80 government medical colleges

Establishment/Strengthening of multi-disciplinary research units in government medical colleges during the 12th Plan period The Cabinet Committee on Economic Affairs (CCEA) today approved the proposal of the Department of Health Research in the Ministry of Health and Family Welfare for the setting up of Multi-Disciplinary Research Units (MDRUs) in 80 government medical colleges at an… Read More

CLR Snippets | Yes Bank Limited to increase foreign equity participation upto 60 percent

Proposal of Yes Bank Limited to increase foreign equity participation upto 60 percent through a Qualified Institutional Placement (QIP) of its equity shares to eligible non-residents and/ or issue of Global Depository Receipts (GDRs) to eligible non-resident investors The Cabinet Committee on Economic Affairs today gave its approval to the proposal of Yes Bank Limited… Read More

Cabinet approves introduction of the Coal Regulatory Authority Bill, 2013 in Parliament

Constitution of independent regulatory authority for coal sector and approval for introducing the Coal Regulatory Authority Bill, 2013 in Parliament The Union Cabinet today gave its approval to the proposal for setting up of an independent regulatory authority for the coal sector and also approved the introduction of the Coal Regulatory Authority Bill, 2013 in… Read More

CCEA approves continuation of National Mission on Food Processing

The Cabinet Committee on Economic Affairs today approved the continuation of the National Mission on Food Processing (NMFP) for the remainder of 12th Five Year Plan (2013-17) based on detailed proposals submitted by the Ministry of Food Processing Industries (MOFPI). The NMFP outlay for 2012-17 has been kept at Rs. 1,600 crore consisting of Rs.… Read More

Fertiliser Corporation of India is Out of BIFR

Fertiliser Minister Says the Move will help Revival of Talcher Unit Shri Srikant Kumar Jena, Minister of State (I/C) for Chemicals & Fertilizersand Statistics & Programme Implementation has stated that the long standing demand of the people of Odisha for revival of closed Talcher unit of Fertilizer Corporation of India Limited (FCIL) shall be fulfilled,… Read More

RBI releases Financial Stability Report: June 2013

The latest issue of the Financial Stability Report (FSR) of the Reserve Bank of India, the seventh in the series, is being released at a time when debate about the appropriateness, timing and pace of imminent exit from unconventional monetary policies by the US is intensifying and the consequent tremors are being felt in financial markets across the… Read More

Credit Agreement Worth US$ 84 Million Signed with World Bank for Bihar

An agreement for credit of US$ 84 million (equivalent) from World Bank for the Bihar Panchayat Strengthening Project was signed today at New Delhi. Mr. Nilaya Mitash, Joint Secretary, Department of Economic Affairs, Ministry of Finance signed on behalf of Government of India and Mr. Michael Haney, Operations Advisor, World Bank, India on behalf of the… Read More

FM Speak :: Skill Development Needed to Fill the Significant Gap

Skill Development Needed to Fill the Significant Gap between the Actual Skills of Large Number of Candidates Passing Out from Various Schools, Colleges and Professional Institutions Across the Country and the Skills Needed in the Industry; Business and Corporate Houses Must Work Closely with NSDC to Achieve Theambitious Target of Providing Skills to 500 Million… Read More

CLR Snippets | D.C. Bajaj Appointed as Chief Adviser Cost in the Ministry of Finance

Shri D.C. Bajaj has been elevated to the position of Chief Adviser Cost in the Ministry of Finance, Department of Expenditure. Chief Adviser Cost is responsible for advising the Ministries and Government undertakings on cost accounts matters and undertaking cost investigation on their behalf. Shri Bajaj is the senior most officer of the Indian Cost Accounts… Read More

External Commercial Borrowings (ECB) Policy Structured Obligations

RBI//2012-13/553 A.P. (DIR Series) Circular No.120 June 26, 2013 To All Authorised Dealer Category - I Banks Madam / Sir, External Commercial Borrowings (ECB) Policy Structured Obligations Attention of Authorised Dealer Category - I (AD Category - I) banks is invited to A.P. (DIR Series) Circular No. 40 dated March 02, 2010 and A.P. (DIR Series) Circular No.… Read More

Karnataka Plan for 2013-14 Finalized

The Annual Plan for 2013-14 for the State of Karnataka was finalised today at a meeting between Shri Montek Singh Ahluwalia, Deputy Chairman, Planning Commission and Shri. Siddaramaiah, Chief Minister of Karnataka. The Plan size has been agreed at Rs. 47,000 crore which includes the central assistance to the State Plan of about Rs. 3,549 crore.… Read More

Direct Benefit Transfer for LPG (DBTL) Scheme hits a MILLION TRANSACTIONS!

The Direct Benefit Transfer for LPG (DBTL) scheme, launched in 18 districts on 1.6.2013, has thus far been a great success with more than 1 million (10 lakh) direct cash transfers to consumers™ bank accounts. A sum of Rs. 41 Crore has been transferred in the hands of LPG Consumers in these districts. *The District-wise details are provided in the… Read More

Digital Addressable Cable TV Systems – Submission of consumer application forms extended to 10th July 2013

TRAI extends the time-line for submission of consumer application forms, by the subscribers of Digital Addressable Cable TV Systems, to 10th July 2013The Telecom Regulatory Authority of India (TRAI) has decided to extend the time-line for submission of consumer application forms (CAFs), complete in all respects, by the subscribers of Digital Addressable Cable TV Systems, to… Read More