Others - Corporate Law Reporter

Forex Earnings from Tourism increases by more than 7%

The Foreign Exchange Earnings (FEEs) from tourism in Rupee terms in April, 2013 rose by seven percent in comparison to April 2012.The Foreign Tourist Arrivals ( FTAs) in April 2013 was 4.52 lakh which was the same in April 2012. However, FTAs during the period January-April 2013 were 24.80 lakh with a growth of 1.9%, as compared to the FTAs… Read More

Review and monitoring of JNNURM

The progress of the Projects under Jawaharlal Nehru National Urban Renewal Mission (JNNURM) is periodically reviewed by the Government of India. However, the execution and monitoring of projects is done by the States/ UTs in accordance with extant rules and procedures. The States/UTs monitors the implementation of the projects through State Level Nodal Agency (SLNA)… Read More

CLR Snippets | Land Pooling Policy Approved

The modification regarding Land Pooling Policy in Master Plan Delhi 2021 (MPD-2021) has been approved. Comments/ suggestions from public have been invited through a Public Notice issued on 18.04.2013. The Policy envisages 40% land will be kept with DDA for land parcels above 20 Hectare and 60% for land parcels below 20 Hectare. The Development… Read More

Complaints received in the Departments of Administrative Reforms and Public Grievances

The number of complaints received in the Departments of Administrative Reforms and Public Grievances on Centralised Public Grievance Redressal And Monitoring System (CPGRAMS), which is an online portal, http://pgportal.gov.in, and disposed of by the Central Ministries and Departments/State Governments concerned, during the last three years, is as under:- Calendar Year New Receipts during the year Disposals during the calendar… Read More

CLR Snippets | Real Estate Watchdog

In order to ensure that the real estate promoters undertaking housing projects, utilize the funds collected for a particular project, for the development of the same project and not invest it elsewhere (leading to delay in execution and probable cost escalation), the provision for keeping a specified percentage of money collected from the allottes, to… Read More

CLR Snippets | Proper Enforcement of Regulatory Framework for Multi-Level Marketing Companies

The Government has constituted a High-Level Inter-Ministerial Group (IMG) for proper enforcement of regulatory framework for Multi-Level Marketing Companies, Non-Banking Finance Companies and Companies running Collective Investment Schemes, under the Chairmanship of Additional Secretary, Department of Financial Services, Ministry of Finance. The Group consists of Joint Secretary level officers from the Department of Economic Affairs,… Read More

Incentives Given for Business Units in SEZs

The fiscal concessions and duty benefits allowed to SEZs are in built into the SEZs Act, 2005 and Rules framedthereunder. These exemptions are uniformly applicable to all SEZs and are primarily in the nature of incentives for export and are consistent with the principles that guide export promotion initiatives of the Government in general. Since… Read More

Minister for Civil Aviation Stops ˜Companion Free Scheme™ After Air India Discovers Serious Irregularities

The Civil Aviation Minister, Shri Ajit Singh has directed the CMD, Air India to stop the Companion Free Scheme with immediate effect. This action was taken following the detection of irregularities .The Vigilance Department of Air India earlier discovered serious irregularities and misuse of Companion Free Scheme (CFS) in Air India while scrutinizing the CFS… Read More

MoC&IT Clarification on Issues related to Spectrum Allocation

A Committee had been constituted in Deptt of Telecom to look into the issues related to administrative allotment/ assignment of spectrum in the various categories i.e. Captive Mobile Radio Trunk Service (CMRTS), Public Mobile Radio Trunk Service (PMRTS), Commercial VSATs and all captive users etc. The Committee had submitted its report containing, inter-alia, periodic review… Read More

MGNREGA Payment Through Post Offices

State Governments have entrusted post offices to disburse wages to workers under Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA). Such disbursal of wages is done either through worker™s wage accounts or Post Office Savings Bank (POSB) accounts. On receipt of the wage list and funds from the State Government, the post offices credit the… Read More

TRAI Consultation Paper – Extension of dates for receiving public comments

The Telecom Regulatory Authority of India (TRAI) released a consultation paper on Guidelines/Accreditation Mechanism for Television Rating Agencies in India on 17th April, 2013, inviting written comments from the stakeholders by 9th May, 2013 and counter comments by 16th May 2013. On request of the stakeholders, the last date for receipt of written comments has been extended up to 23.05.2013 and… Read More

CLR Snippets | Work Commences on Six Greenfield Airports

The Minister of State for Civil Aviation, Shri K.C. Venugopal informed Lok Sabha today that construction at various airports including Aranmula airport project has not stopped. The Government of India has granted `in principle` approval for setting up of 15 Greenfield airports across the country out of which, physical work at 6 airports namely, Gulbarga,… Read More

Progress Report of Delhi Mumbai Industrial Corridor Project

The Government of India has approved financial assistance of Rs 17,500 crore at an average of Rs 2500 crore per city (subject to a ceiling of Rs 3000 crore per city) for the development of the following seven DMIC industrial cities in the first phase: Dadri-Noida-Ghaziabad Investment Region, Uttar Pradesh; Manesar-Bawal Investment Region, Haryana; Khushkhera-Bhiwadi-Neemrana Investment Region, Rajasthan; Pithampur-Dhar-Mhow Investment Region, Madhya Pradesh; Ahmedabad-Dholera Investment… Read More