Corporate Law Reporter - The Daily Journal

RBI sets up Committee on Financial Benchmarks

In the context of the recent global developments relating to financial benchmarks and the related reforms implemented by various international agencies, there is a need to review the process of computation and dissemination of major financial benchmarks in India, the governance mechanisms in the institutions involved in computing the benchmarks and other related issues. The Reserve… Read More

CLR Snippets | First Quarter Review of Monetary Policy 2013-14 on July 30, 2013

Dr. D. Subbarao, Governor, Reserve Bank of India will announce the First Quarter Review of Monetary Policy 2013-14 on Tuesday, July 30, 2013. This will be done in a meeting with the chief executives of major scheduled commercial banks at 11.00 a.m. on July 30, 2013 at the Central Office, Reserve Bank of India, Mumbai.… Read More

Appointments Committee of the Cabinet – approved appointments

The Appointments Committee of the Cabinet has approved the following appointments: (i) Shri Pradeep Kumar Sinha, IAS(UP:77), Secretary, Ministry of Shipping as Secretary, Ministry of Power vice Shri P.Uma Shanker, IAS(UP:76), on his retirement on 30.06.2013. (ii) Ms.Gauri Kumar, IAS(GJ:79), Special Secretary, Ministry of Mines as Secretary (Border Management), Ministry of Home Affairs in the… Read More

CCEA approves fixation of price for domestic natural gas

Fixation of price of domestic natural gas according to Rangarajan Committee recommendations on Production Sharing Contract (PSC) mechanism in petroleum industry The Cabinet Committee on Economic Affairs (CCEA) today gave its approval for fixation of price of domestic natural gas according to the recommendations of the committee constituted under the Chairmanship of Dr. C. Rangarajan… Read More

CCEA approves proposal for national network of labs for managing epidemics and natural calamities

The Cabinet Committee on Economic Affairs (CCEA) today approved the proposal of the Department of Health Research under the Ministry of Health and Family Welfare for the setting up of 10 regional labs, 30 State level labs and 120 medical college level labs under the scheme for establishing a network of laboratories for managing epidemics… Read More

CCEA approves Multi-Disciplinary Research Units (MDRUs) in 80 government medical colleges

Establishment/Strengthening of multi-disciplinary research units in government medical colleges during the 12th Plan period The Cabinet Committee on Economic Affairs (CCEA) today approved the proposal of the Department of Health Research in the Ministry of Health and Family Welfare for the setting up of Multi-Disciplinary Research Units (MDRUs) in 80 government medical colleges at an… Read More

CLR Snippets | Yes Bank Limited to increase foreign equity participation upto 60 percent

Proposal of Yes Bank Limited to increase foreign equity participation upto 60 percent through a Qualified Institutional Placement (QIP) of its equity shares to eligible non-residents and/ or issue of Global Depository Receipts (GDRs) to eligible non-resident investors The Cabinet Committee on Economic Affairs today gave its approval to the proposal of Yes Bank Limited… Read More

Cabinet approves introduction of the Coal Regulatory Authority Bill, 2013 in Parliament

Constitution of independent regulatory authority for coal sector and approval for introducing the Coal Regulatory Authority Bill, 2013 in Parliament The Union Cabinet today gave its approval to the proposal for setting up of an independent regulatory authority for the coal sector and also approved the introduction of the Coal Regulatory Authority Bill, 2013 in… Read More

CCEA approves continuation of National Mission on Food Processing

The Cabinet Committee on Economic Affairs today approved the continuation of the National Mission on Food Processing (NMFP) for the remainder of 12th Five Year Plan (2013-17) based on detailed proposals submitted by the Ministry of Food Processing Industries (MOFPI). The NMFP outlay for 2012-17 has been kept at Rs. 1,600 crore consisting of Rs.… Read More

Fertiliser Corporation of India is Out of BIFR

Fertiliser Minister Says the Move will help Revival of Talcher Unit Shri Srikant Kumar Jena, Minister of State (I/C) for Chemicals & Fertilizersand Statistics & Programme Implementation has stated that the long standing demand of the people of Odisha for revival of closed Talcher unit of Fertilizer Corporation of India Limited (FCIL) shall be fulfilled,… Read More

Raising Money through Private Placement by NBFCs-Debentures etc.

RBI/2012-13/560 DNBD(PD) CC No. 330/03.10.001/2012-13 June 27, 2013 All NBFCs (including PDs) Dear Sirs Raising Money through Private Placement by NBFCs-Debentures etc. NBFCs raise money by issuing capital/debt securities including debentures by way of public issue or private placement. In the case of public issue of such securities, institutions and retail investors can participate. Private… Read More

Priority Sector Lending-Targets and Classification-Bank loans to MFIs for on-lending-Amendment in income generation criteria

RBI/2012-13/558 RPCD.CO.Plan.BC 80/04.09.01/2012-13 June 27, 2013 The Chairman/ Managing Director/ Chief Executive Officer [All scheduled commercial banks (excluding Regional Rural Banks)] Madam/Dear Sir, Priority Sector Lending-Targets and Classification-Bank loans to MFIs for on-lending- Amendment in income generation criteria Please refer to Paragraph VIII (a) of circular No. RPCD.CO.Plan. BC.13/04.09.01/2012-13 dated July 20, 2012 on Priority Sector Lending-Targets… Read More

Import of Gold by Nominated Banks /Agencies

RBI/2012-13/557 A.P. (DIR Series) Circular No. 122 June 27, 2013 To All Scheduled Commercial Banks which are Authorised Dealers (ADs) in Foreign Exchange/ All agencies nominated for import of gold Madam/Sir Import of Gold by Nominated Banks /Agencies Attention of Authorised Persons is drawn to our A.P. (DIR Series) Circular No. 103 dated May 13, 2013 & A.P.… Read More