Others - Corporate Law Reporter

TRAI Extends timeline for receiving comments on draft amendments to the Interconnection Regulations applicable for Digital Addressable Cable Television Systems

Extension of time for receiving comments on draft amendments to the Interconnection Regulations applicable for Digital Addressable Cable Television Systems (DAS) and Tariff Order applicable for all addressable systems The Telecom Regulatory Authority of India (TRAI) released draft amendments to the Interconnection Regulations applicable for Digital Addressable Cable Television Systems (DAS) and Tariff Order applicable for all… Read More

India and World Bank Sign Us$ 216 Million Agreement for Kerala State Transport Project

The Loan and Project Agreements for World Bank (IBRD) assistance of US$ 216 million for Second Kerala State Transport Project were signed between Government of India/Government of Kerala and World Bank at New Delhi today. The Loan Agreement was signed by Shri Nilaya Mitash (Joint Secretary, Department of Economic Affairs) on behalf of Government of… Read More

Government Approves 1 Proposal of Foreign Direct Investment

Further to para 5 of the Press Release dated May 31, 2013, wherein it was stated that decision of the 2 (Two) proposals will be communicated separately, Government has approved 1 Proposal of Foreign Direct Investment amounting to Rs. 7.00 crore approximately. Following 1 (One) proposal has been approved. Sl. No. Name of the applicant Particulars of the proposal FDI/NRI… Read More

PM announces 1000 crore rupee disaster relief for Uttarakhand

Following is the text of Prime Minister, Dr. Manmohan Singh™s statement to the media after an aerial survey of disaster affected areas of Uttarakhand: Earlier today, Smt. Sonia Gandhi, Chairperson, UPA and I undertook an aerial survey of the rain and flood-affected areas of Uttarakhand. We saw for ourselves the large scale devastation that has… Read More

Change of Guard: Shri Manikrao H. Gavit Takes Charge as Minister of State for Social Justice & Empowerment

Shri Manikrao H. Gavit took over as the Minister of State for Social Justice & Empowerment here today. He was welcomed by the Secretary and other senior officers of the Ministry. Born on 29 October 1934, Shri Manikrao H. Gavit is a Member of Parliament from the Nandurbar constituency in Maharashtra. Read More

Change of Guard: Shri Oscar Farnandes is New Minister for Road Transport and Highways

Shri Oscar Fernandes has taken over as new Union Minister for Road Transport and Highways here today. Shri Fernandes is a Rajya Sabha member (INC) from Karnataka. Earlier, he has held the charge of Minister of State (Independent Charge) for the Ministry of Statistics and Programme Implementation, the Ministry of Youth Affairs, the Ministry of Overseas… Read More

Change of Guard: Shish Ram Ola Takes over as New Union Minister Labour and Employment Minister

Shri Shish Ram Ola has taken over as new Union Minister Labour and Employment Minister here in Shram Shakti Bhawan New Delhi today. Shri Ola is a Lok Sabha member (INC) from Jhunjhnu Constituency of Rajasthan and has already handled this portfolio from May 23, 2004 to November 27, 2004 in the UPA-I tenure. Speaking on… Read More

Change of Guard: Girija Vyas takes charge as New Minister for Housing & Urban Poverty Alleviation

Ms. Girija Vyas, took over as the new Minister for Housing and Urban Poverty Alleviation (M/oHUPA), here today. She was welcomed by the senior officers of the Ministry. While briefing the media, after assumption of office, Ms Girija Vyas said social service is always her priority area and will utilize each minute available for alleviation… Read More

Gujarat Plan for 2013-14 Finalized

The Annual Plan for 2013-14 for the State of Gujarat was finalised today at a meeting between Shri Montek Singh Ahluwalia, Deputy Chairman, Planning Commission and Shri Narendra Modi, Chief Minister of Gujarat. The Plan size has been agreed at Rs. 59,000 crore which includes the central assistance to the State Plan of about Rs.… Read More

India Signs Loan Agreement with World Bank for US$ 255 Million for National AIDS Control Project-IV

An agreement for loan of US$ 255 million (equivalent) from World Bank for the National AIDS Control Project (NACP-IV) was signed here today between India and the World Bank. Shri Nilaya Mitash, Joint Secretary, Department of Economic Affairs, Ministry of Finance signed on behalf of the Government of India and Mr.Onno Ruhl, Country Director, World Bank… Read More

FM Launches Maiden infrastructure Debt Fund Scheme

Finance Minister Launches Maiden infrastructure Debt fund (IDF) Scheme of IIFCL Mutual Fund for Catalysing Investment in Infrastructure Sector; FM for Mobilsation of Resources From Insurance and Pension Sector for IDFs The Union Finance Minister Shri P. Chidambaram said that for Infrastructure Debt Funds (IDFs), we should try to mobilise resources from insurance and pension… Read More

Government Approves 16 FDI Proposals

Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting held on May 10, 2013, the Central Government has approved sixteen (16) proposals of Foreign Direct Investment (FDI) amounting to Rs. 1646.875 crore approximately. Details of Proposals considered in the Foreign Investment Promotion Board (FIPB) Meeting held on 10th May, 2013 are as follows: Following sixteen (16) proposals have been approved: Sl. No. Name of the applicant Particulars of the proposal FDI/NRIinflows(Rs. In crore) 1 M/s BTI Payments Private Limited, Bangalore To set-up… Read More

FM Speak – India Continues to Remain a Desired Destination for FDI and FII

Increased Domestic Production of Oil, Coal & Restraining Gold Consumption can Contain CAD; India Continues to Remain a Desired Destination for FDI and FII P. Chidambaram The only way to contain Current Account Deficit (CAD) is to increase the domestic production of oil & coal and restraining the consumption of gold, says the Union Finance Minister… Read More