Others - Corporate Law Reporter

Cabinet to Consider Land Sale Bill to unlock values

The Union Cabinet is set to consider on a policy which is aimed at helping unlock values of unused land under Government Institutions in a transparent manner. Salient features of the proposed comprehensive Land Sale policy: It covers land owned by statutory bodies and surplus land having a market value of less than Rs 50… Read More

Indo-US Co-Operation in Knowledge Sector

India and the US will further expand co-operation in knowledge sector. This was announced by the HRD Minister Dr. Pallam Raju during a round table discussion on Advances in US-India Academic Partnership in Washington. Dr. Raju who is leading an Indian delegation said that eight more awards have been finalized under the Singh-Obama Knowledge Initiative… Read More

Bihar Plan for 2013-14 Finalized

The Annual Plan for the year 2013-14 for Bihar was finalized here today at a meeting between Deputy Chairman, Planning Commission, Mr. Montek Singh Ahluwalia and Chief Minister of Bihar, Sh. Nitish Kumar. The plan size has been agreed at Rs. 34,000crore. Deputy Chairman Planning Commission complemented the State Government for plan performance and for… Read More

Petroleum Minister announces launch of Direct Benefit Transfer for LPG scheme in 20 Districts

Government of India is launching Direct Benefit Transfer for LPG (DBTL) scheme in 20 high Aadhaar coverage districts (as annexed) from 1.6.13. The scheme aims to curb leakages and prevent black-marketing and provide subsidy to consumers in their bank accounts. All LPG consumers are advised to immediately do the following to avail of subsidy in their bank… Read More

Government Constitutes a Committee for Evolving a Composite Development Index of States

Pursuant to the Budget announcement, it has been decided to constitute an Expert Committee under the Chairmanship of Dr Raghuram G. Rajan, Chief Economic Adviser, Ministry of Finance to consider backwardness of the States in terms of measures like distance of the State from the national average under criteria such as per capita income and other human development… Read More

Government Decides to Launch Inflation Index Bonds

Pursuant to the announcement in the Union Budget 2013-14, the Government of India in consultation with Reserve Bank of India (RBI) has decided to launch Inflation Index Bonds (IIBs), as instruments that will protect savings of poor and middle classes from inflation and incentivise household sector to save in financial instruments rather than buy gold.… Read More

Govt Clarifications on Repayment of Outstanding Balance on Stocks and Loans

The outstanding balance of 9.00% loan 2013 and 9.81% Government Stock, 2013 are due for repayment on May 24, 2013 and May 30, 2013 respectively. No interest will accrue there on from the said dates. In the event of a holiday being declared on May 24, 2013 and/ or on May 30, 2013 by any State Government… Read More

Double Digit Returns on National Pension System (NPS) Schemes for Financial Year 2012-13

The National Pension System (NPS) regulated by Pension Fund Regulatory and Development Authority (PFRDA) has delivered double digit returns for the financial year 2012-13 and has evidenced itself as not just being the cheapest retirement product but also as the highest returns generating scheme. PFRDA advises that various NPS schemes have earned the following average… Read More

Air India to Implement Dholakia Committee Recommendations in a Time Bound Manner

The Minister for Civil Aviation Shri Ajit Singh, while addressing media persons at a press conference here, has said that the Government has accepted the recommendations of Prof. Dholakia Committee Report on Cost Cutting in Air India and sent to Air India for immediate implementation. The Committee has made total 47 recommendations. Air India expects a saving of about 500 crores in next 6 months by implementing some of… Read More

India and Netherlands sign MoU on Technical Cooperation in Urban Planning and Management

Shri Kamal Nath, Minister for Urban Development & Parliamentary Affairs, and Ms Melanie Schultz van Haegen, Minister for Infrastructure and Environment, Netherlands signed a Memorandum of Understanding on Technical Cooperation in the field of Spatial Planning, Water Management , and Mobility Management on 14th May 2013 at the Hague, Netherlands. At the bilateral meeting, Shri… Read More

MGNREGA has led to higher wage rates in the rural areas

Women and unskilled labourers are the main beneficiaries of the higher wage rates of MGNREGA, which has been revised recently to protect workers against inflation. With effect from April 01, 2013, a maximum wage of Rs 214 has been fixed for Haryana and a minimum of Rs 135 for North Eastern States. Moreover, there is… Read More

Record Performance of SPMCIL in Production of Bank Notes, Coins and Security Products During 2012-13

Security Printing & Minting Corporation of India Ltd. (SPMCIL) has achieved all the targets with regard to production of Bank Notes, Coins, Security Products (Passports, NJSPs, Postal Products and other Security Products) and production of the Raw Materials (Security Inks and Security Paper) during the year 2012-13. It has not only met with the original… Read More

Assocham Seminar | Due Diligence – Key to Successful Business Deals | Sponsorship Opportunities

National Seminar on Due Diligence -Key to Successful Business Deals- Friday, 7th June, 2013, Le Meridian, New Delhi Sponsorship Opportunities By sponsoring or advertising at this important seminar you will raise your company profile and gain unparalleled access to the key decision makers in this industry. You may choose from various sponsorship packages given below: Category Cost… Read More