Impact of FDI in Defence Sector on National Security
FDI up to 26% is permissible in the defence sector, subject to licensing. However, wherever FDI beyond 26% is likely to result in access to modern and state-of-the-art technology into the country, decisions can be taken to allow higher FDI on a case-to-case basis with approval of the Cabinet Committee on Security. All such concerns… Read More
Dr Raghuram Rajan, CEA :: The Government and RBI are Working together to address the Challenges
The Government and RBI are Working together to address the Challenges being Faced by the Indian Economy; No Magic Wand to make the Problems Disappear Instantaneously but has Absolutely no doubt that we Will Deal with them: Dr Raghuram Rajan, CEA Dr Raghuram Rajan, Chief Economic Adviser, Ministry of Finance said that it is a great… Read More
Central Government Approves 12 FDI Proposals
Based on the recommendations of the Foreign Investment Promotion Board (FIPB) in its meeting held on July 5, 2013, the Central Government has approved twelve (12) Proposals of Foreign Direct Investment amounting to Rs. 343.39 crore approximately. Details of the proposals considered in the aforesaid Meeting of the Foreign Investment Promotion Board(FIPB) are as follows: Following twelve (12) proposals have been approved: Sl. No. Name of the applicant Particulars of the proposal FDI/NRIinflows (Rs. In crore) 1 M/s Total Prosthetics & Onthotics India Pvt. Ltd. Haryana An Indian company to acquire… Read More
Policy Initiatves and Schemes for Handloom Industry
The handloom industry is one of the industries which uses labour intensive techniques. The total number of people currently employed in this sector/industry is 43.32 lakhs as per the census of 2009-10. Handloom weaving constitutes one of the richest and most vibrant aspects of Indian cultural heritage, hence Ministry of Textiles GOI is making serious efforts to sustain and promote… Read More
Regulatory Framework for Organizing blood Donation Camps
The requirements of premises, personnel, equipments and organizations permitted to conduct a blood donation camp are provided under Schedule F (Part XII-B Sub part-II) of the Drugs and Cosmetics Rules, 1945. The relevant extract from Act is at Annexure. Department of AIDS Control supports 1137 blood banks in government and charitable sectors and ensures access… Read More
CLR Snippets | National Urban Livelihood Mission
The Ministry of Housing and Urban Poverty Alleviation has proposed to launch a National Urban Livelihoods Mission (NULM) in 12th Five Year Plan, which will replace the existing Swarna Jayanti Shahari Rozgar Yojana (SJSRY). NULM would focus on the primary issues pertaining to urban poverty such as imparting skill training, enabling entrepreneurship develop, providing wage… Read More
Overwhelming Response to e-Filing of ITR
123.03 Lakh Returns e-Filed till 5th August, 2013 Which is 68.3% ; Higher than the Returns e-Filed in the Corresponding Period During Last Year: 6.92 Lakh Returns e-Filed on 5th August, 2013 Itself The due date for filing of Income Tax Return for Individuals, HUFs and non-auditable cases for A.Y. 2013-14 was extended by the Central… Read More
Gross Direct Tax Collection Figures for April-July 2013-14 up by 13.27 %
Gross direct tax collections during April-July of the Financial Year 2013-14 is up by 13.27 percent at Rs. 1,57,169 crore as against Rs. 1,38,751 crore in the same period last year. While gross collection of Corporate taxes has shown an increase of 9.75 percent and stands at Rs. 92,115 crore during April-July in F.Y. 2013-14… Read More
Government sets up Committee on Fixing of Agricultural Commodities
The Government has constituted a Committee under the Chairmanship of Director, National Centre for Agricultural Economics & Policy Research in the month of April, 2013, to examine the methodological issues in fixing Minimum Support Prices. The terms of reference of the Committee are given as under:-  To examine the existing mandate of the Commission… Read More
Penalty on Ranbaxy Laboratories for Selling Adulterated Drugs
Ranbaxy laboratory has not been fined USD 500 Million by the United States Food and Drug Administration (USFDA). However, Ranbaxy USA, Inc. pleaded guilty in the US District Court of Maryland for manufacture and distribution of certain drugs not in conformity with the good manufacturing practices (GMP) regulation which is considered as adulterated drugs as… Read More
Enforcement of Transplantation of Human Organs Act, 1994
The Transplantation of Human Organs Act, 1994 is in force all over the country except the states of Jammu & Kashmir and Andhra Pradesh(who have their own Acts pertaining to organ donation). The Transplantation of Human Organs (Amendment) Act 2011, after receiving the assent of the President of India was published in the Gazette of… Read More
Ban on Sale of Nicotine Containing Products
Government of India has notified the Food Safety and Standards (Prohibition and Restrictions on Sales) Regulations, 2011 dated 1st August 2011, under the Food Safety and Standards Act, 2006, which prohibit the use of tobacco and nicotine as ingredients in any food products. The said Regulation 2.3.4 lays down as under Product not to contain… Read More
Creation of Separate Central Drug Controller of AYUSH
The Government plans to set up Central Drug Controller of Ayurveda, Siddha, Unani and Homeopathy (AYUSH) drugs. The proposal in this regard was sent to Department of Expenditure, Ministry of Finance. 13 posts comprising of one Drug Controller General (AYUSH), five Deputy/Assistant Drug Controllers and seven Drug Inspectors have been agreed to. Allocation of Rs.… Read More
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