Others - Corporate Law Reporter

National Urban Health Mission

To address healthcare needs of urban population, particularly urban poor, the Ministry of Health & Family Welfare has formulated National Urban Health Mission (NUHM) as a Sub-Mission under an over-arching National Health Mission (NHM) to be launched during the 12th Five Year Plan. It may be recalled that NUHM was a listed scheme under 11th… Read More

National Food Security Bill to Ensure Heavily Subsidised Foodgrains

The National Food Security Bill, 2011 (NFSB), as introduced in the Lok Sabha on 22.12.2011, provides for coverage of up to 75% of the rural population, with at least 46% belonging to priority households, and up to 50% of the urban population, with at least 28% belonging to priority households, for subsidized foodgrains under Targeted… Read More

New policy initiatives to promote investment in the Electronics System Design and Manufacturing sector

Shri Kapil Sibal, Union Minister of Communications and IT met Ambassadors and Heads of Chambers of Commerce of Countries which are leaders in the electronics sector here today. He shared the new policy initiatives launched by the Government to promote investment in the Electronics System Design and Manufacturing (ESDM) sector. US, UK, Germany, Belgium, Finland,… Read More

Imposition of MAT on SEZs

The provisions of Minimum Alternate Tax (MAT) have been made applicable to Special Economic Zone (SEZ) Developers and Units with effect from 1st April, 2012. The imposition of MAT on SEZs has brought the book profits of SEZ units and developers under the ambit of Sec 115JB of the I-T Act, 1961. The investment in… Read More

Notification for setting up of seven Mega Leather Clusters

As part of the Pre-Union Budget memorandum for the leather sector for the year 2011-12, the Council for Leather Exports (CLE) had requested the Government of India for announcement of the Mega Leather Cluster scheme in the Union Budget 2011-12 and its subsequent notification for setting up of seven Mega Leather Clusters in various states.… Read More

Schemes for Development of Industries in North-Eastern Regions

The Government has announced a fiscal package of incentives namely North East Industrial Policy (NEIP), 1997 for development of industries in North Eastern Region. A fresh package of incentives has been announced under North East Industrial and Investment Promotion Policy (NEIIPP), 2007 to give further boost to industrialization in North East Region.Benefits available under NEIIPP,… Read More

Task Force for Export Promotion

The last meetings of Government-Industry Joint Task Force (GIJTF) and Board of Trade (BoT) were held on 21.12.2012 and 22.3.2013 respectively. In the Meeting of Government-Industry Joint Task Force (GIJTF) , issues pertaining to the growth of manufacturing industry including availability of raw material, power, infrastructure bottlenecks, cost of credit were discussed. In of Board… Read More

Accreditation by APEDA

Presently, there are seven Government Certification Bodies accredited under NPOP in India, the names of which are as given below: 1) Rajasthan Organic Certification Agency (ROCA), Jaipur. 2) Chhattisgarh Certification Society, India (CGCERT), Raipur. 3) Tamil Nadu Organic Certification Department (TNOCD), Coimbatore. 4) Madhya Pradesh State Organic Certification Agency, Bhopal. 5) Odisha State Organic Certification Agency (OSOCA), Bhubneshwar. 6) Export Inspection Agency (EIA) New… Read More

Share of Export Sector in GDP

Exports have always played an important role in the economic development of most countries. This is evident even in Indian case from the continuous upward movement of percentage share of merchandise exports in the overall GDP of India from 13.9 percent in 2009-10 to 16.0 percent in 2010-11 and 17.7 percent in 2011-12. As per… Read More

Defence Acquisition Council Approves Major Changes in procurement processes

With the twin objective of infusing greater efficiency in the procurement process and strengthening the defencemanufacturing base in the country, the Defence Acquisition Council, the apex decision making body of the MoD, took a series of decisions today, including amendments to Defence Procurement Procedure (DPP). The Defence Minister Shri AK Antony, who chaired the Council meeting, said the only way forward for the country is rapid… Read More

If DTAA is silent, no obligation to deduct surcharge & education cess

CLR Editorial Notes: The assessee, in this case bearing relevance to Section 195 of the IT Act, had made a remittance of management fee with interest to a resident of France. The Assessing Officer on review of this transaction, held that in deducting the TDS thereon under section 195 of the IT Act, the assessee… Read More

Indo-EU Policy Dialogue on Culture

Indo-EU Policy Dialogue on Culture was held here today. It was co-chaired by Smt. Sangita Gairola, Secretary, Ministry of Culture, Government of India and Mr. Jan Truszczynski, Director General, Education and Culture in the European Commission. The Policy Dialogue was set up as decided in the Joint Declaration of the European Commission and the Government… Read More

Clean Energy Focus – World Energy Leaders Take Action

Inaugurating the fourth Clean Energy Ministerial taking place in New Delhi this week, India`s Prime Minister Dr. Manmohan Singh said that "there is need for inter-country consultation and discussion in these areas to promote information exchange and to identify possible areas of collaboration, and also to learn from each other`s experience in addressing common problems.… Read More