Corporate Law Reporter - The Daily Journal

Expert Recommendations on Employees™ Pension Scheme

An Expert Committee constituted by the Government to review the Employees™ Pension Scheme (EPS), 1995, has, inter alia recommended either of the two options below: (i) Introduction of Provident Fund-cum-Pension Annuity Scheme wherein pension is linked to accumulations of members in the Fund or (ii) Modifications in the existing EPS, 95 such as: increase in… Read More

ICAI Announcement w.r.t. Suggestions on Revision of the Guidance Note on Audit of Banks

1. The Guidance Note on Audit of Banks, brought out by the Auditing & Assurance Standards Board (AASB) of the ICAI is an important publication providing comprehensive guidance to the members carrying out audits of banks and bank branches. Improving the quality of audit of banks is one of the prime objectives of the Guidance… Read More

Violation of ESI Act

The aims and objective of Employees State Insurance (ESI) Act, 1948 is to provide certain benefits to the employees in the organised sector in case of employment injury, sickness, maternityand to make provision for certain matters in relation thereto. The number of violation of ESI Act, 1948 during last three years and current year is as under:-… Read More

RTI Online Web Portal Launched

Union Minister of State for Personnel, Public Grievances & Pensions and Prime Minister™s Office Shri V Narayanasamy has said that rtionline web portal is another milestone in the regime of RTI that will further promote participation of our citizens in the process of governance and policy making decisions of the Government.Speaking at the launch of… Read More

India China Joint Economic Group to Meet in October

Anand Sharma Raises Trade Imbalance with Chinese Trade Minister ; India China to Push for Food Security Proposal at Bali WTO Ministerial The Union Minister of Commerce and Industry Minister Shri Anand Sharma had a bilateral exchange of views with the Chinese Minister of Commerce Gao Hucheng today during his visit to Brunei where he is… Read More

GoI Discusses Ways to Curb Trade Deficit with Korea

While appreciating the 70 percent growth in the first two years of implementation of Comprehensive Economic Partnership Agreement (CEPA) with Korea, the Union Minister of Commerce and Industry Shri Anand Sharma underlined the concern that bilateral trade of late has been rather slow and has shown a negative growth rate. In a bilateral meeting with… Read More

Consumer Price Index Numbers for Agricultural and Rural Labourers

AGRICULTURAL LABOURERS RURAL LABOURERS General Food General Food State June,2013 July, 2013 June,2013 July, 2013 June,2013 July, 2013 June,2013 July, 2013 1 Andhra Pradesh 789 793 807 811 787 791 807 811 2 Asam 691 702 685 698 696 708 694 708 3 Bihar 636 649 591 606 641 654 589 605… Read More

Defence Offset Policy

30% Offset clause in contracts having indicative cost of Rs. 300 crore or more is being signed in schemes that are categorised as Buy (Global). However, in specific cases depending on the type of acquisition / strategic importance of the acquisition, waiver of the requirement of Offset obligation is obtained from the… Read More

All-India Consumer Price Index for Agricultural and Rural Labourers

A communiquÃ© received from the Labour Bureau, Ministry of Labour & Employment says The All-India Consumer Price Index Numbers for Agricultural Labourers and Rural Labourers (Base: 1986-87=100) for July, 2013 increased by 11 points each to stand at 740 ( Seven hundred and forty) points for Agricultural Labourers and 741 points (Seven hundred and forty one) for Rural Labourers. The… Read More

GoI Statement on Company Secretaries Examinations Results

The Institute of Company Secretaries of India (ICSI), functioning under the aegis of the Ministry of Corporate Affairs, here today announced the results of its both types of exams: OMR- based Foundation Programme (new syllabus); and Foundation Programme (old syllabus) which were held in June. In both the examinations girls have secured the top 3… Read More

GoI launches online Public Service Delivery System for Hotel Approvals and Related Services

Government has launched Public Service Delivery System (PSDS) for hotel approvals, classification and related services. This is a web based system. It enables all the applicants seeking approvals to track the progress of their applications online on a real time basis. The Ministry of Tourism endeavours to communicate the final decision on all such applications… Read More

Updation of EPF Accounts

The members™ accounts of Employees™ Provident Fund (EPF) for the previous year are updated by 30th September of the following year. The following steps have been taken for updation of members™ accounts: (i) In order to monitor the day-to-day progress of updation of members™ accounts, web based tool has been developed which allows timely corrective… Read More

National Rural Drinking Water Programme

The deficiencies which have been noticed in the implementation of the National Rural Drinking Water Programme (NRDWP) in some States include the non-achievement of annual targets of coverage of rural habitations, especially quality affected habitations, and the inadequate utilisation of central funds in time resulting in high unspent balances. The reasons for some States not… Read More