MCA initiatives to Protect the Interests of Investors
The Ministry of Corporate Affairs has initiated several steps to protect the interests of investors through programmes of investors™ awareness and education. Giving this information in written reply to a question in the Rajya Sabha today, Shri Sachin Pilot, Minister of Corporate Affairs, said that important among such steps are : (i) Undertaking investor awareness… Read More
CLR Snippets | MCA Statement on Lobbying by Companies
Government has said that at present it is not considering any proposal to legalize lobbying by companies. This information was given by Shri Sachin Pilot, Minister of Corporate Affairs, in written reply to a question in the Rajya Sabha today. Read More
SEZ Exports Stood at Rs 1.3 Lakh Crores in First Quarter of 2013-14
In addition to Seven Central Government Special Economic Zones (SEZs) and 12 State/Private Sector SEZs set up prior to the enactment of SEZ Act, 2005, formal approval has been accorded to 576 proposals out of which 392 SEZs presently stand notified. A total of 173 SEZs have commenced export. A list showing State-wise distribution of formally… Read More
Food Security Ordinance – A statement
Union Consumer Affairs, Food and Public Distribution Minister, Shri K.V.Thomas today made a statement regarding the Food Security Ordinance in Lok Sabha. Following is the statement. In June, 2009, the Central Government made a commitment to enact a new law to provide a statutory basis for food security of the people. Accordingly, the National Food… Read More
60 Agri Export Zones Set up
The Government has setup several Agri Export Zones in different parts of the country. The details of 60 AEZs set-up in different part of the country state -wise and location-wise are as follow. All the 60 AEZs notified by DGFT have completed their span of five years. Annexure I Annexure I State-wise and location wise details of agri export zones # State AEZ… Read More
Concessions to SEZs
Supplies to SEZs for the authorized operations of the SEZ Units are exempted from payment of Central Excise Duties and Service Tax. However rebate for Central Excise Duty paid by DTA supplier on supply of goods to SEZ Units can be claimed from the jurisdictional Central Excise authorities. The SEZ Act 2005 provides for setting up… Read More
Kolkata Patent office Clarifies ITS Decision on Divisional Applications of Herceptin
This has a reference to the above-mentioned matter published today. The response of the Kolkata Patent Office vis-Ã -vis the news item is given herein below: A. India has partly revoked patents granted to Roche Holding AG for its breast cancer drug Herceptin, a spokesman for the drugmaker confirmed on Sunday. Swiss newspaper Schweiz am Sonntag reported that the Kolkata Patent… Read More
Indo-US proposed Bilateral Investment Treaty
The Bilateral Investment Agreement discussion with United States of America started on August 11-13, 2009 and as of now three rounds have been held on various elements of Bilateral Investment Treaty text of USA. The recent visit of a high level delegation led by Hon™ble Commerce & Industry Minister to US has helped to reinvigorate… Read More
Comprehensive Economic Partnership Agreement with Japan
The details of the total trade carried out between India and Japan during the last five years is as under:- Values in US $ Millions (as on 29.7.2013) S.No. \Year 2008-2009 2009-2010 2010-2011 2011-2012 2012-2013 1. EXPORT 3,025.70 3,629.54 5,091.24 6,328.54 6,099.06 2. %Growth 19.96 40.27 24.30 -3.63 3. %Share in total exports of India… Read More
Review of Trade of Agricultural Goods
As per UNCOMTRADE data, India™s share in global agricultural trade is 1.67% during 2011. India™s share in world agricultural trade is relatively low. The small share is primarily on account of very high domestic consumption, low land holding size, low productivity, constraints of supply chain and marketing linkages as well as low level of processing. Moreover,… Read More
FDI in Pharmaceuticals
Indian pharmaceutical sector has witnessed increased foreign investment in the form of strategic collaborations, mergers and acquisitions as per available information from different sources. Foreign Direct Investment in the pharmaceutical sector was allowed upto 100% on the automatic route till November, 2011, when government reviewed the policy in view of the pattern of foreign investment. As a result of… Read More
Impact of FDI in Indian Civil Aviation
Government has put in place an investor friendly Foreign Direct Investment (FDI) policy, under which FDI, up to 100%, is permitted, on the automatic route, in most sectors/activities. FDI policy is reviewed on an ongoing basis, with a view to making it more investor friendly. Significant changes in the FDI policy regime have been made in the… Read More
Auction of Government of India Dated Securities
Ref.No. IDMD/372 /08.02.032/2013-14 August 5, 2013 All Scheduled Commercial Banks All State Co-operative Banks/All Scheduled Primary (Urban) Co-operative Banks /All Financial Institutions/ All Primary Dealers. Dear Sir/Madam, Auction of Government of India Dated Securities Government of India have offered to sell (Re-issue) (a) 8.12 percent Government Stock 2020 for a notified amount of Rs.3,000 crore… Read More
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