Number of Judges in the Subordinate Judiciary to be Doubled in Five Years
Backlog and pendency of cases in courts is a major problem affecting dispensation of timely justice. The pendency in courts is not declining because filing of cases is either equal or more than the disposal. Giving this information in written reply to a question in the Lok Sabha, Dr. Ashwani Kumar, Minister of Law &… Read More
CLR Snippets | Enhancing the Efficiency of Court Management
With a view to enhance the efficiency of court management and resultant improvement in case disposal, Government has allocated Rs. 300 crore to the States for creation of posts of professionally qualified Court Managers, on the recommendation of 13th Finance Commission. Giving this information in written reply to a question in the Lok Sabha, Dr.… Read More
Budgetary Allocation for Ayush
The total budgetary allocation for 2013-14 in respect of this Ministry of Health and Family Welfare is Rs. 32,745.00 crore under Plan and Rs. 4585.00 crore under Non-Plan. Out of this, the amount earmarked for Department of AYUSH is Rs. 1069.00 crore under Plan and Rs. 190.00 crore under Non-Plan. There is no separate allocation… Read More
FSSAI’S Norms for Cleanliness at Food Outlets
Schedule 4 of the FSS (Licensing and Registration of Food Businesses) Regulation, 2011 prescribes the general hygienic and sanitary requirements to be followed by Food Business Operators. All Food Business Operators (FBOs) in the Country should get a Central/ State licensing depending upon installed capacity and Registration in case of petty food businesses. The FBO… Read More
Rs. 4995 Crore Centre Subsidy to Provide Ration Sugar at Existing Rates
Prof. K.V.Thomas, Minister of Consumer Affairs, Food and Public Distribution has informed Lok Sabha today that the Central Government is providing subsidy for distribution of sugar through fair price shops in the Targeted Public Distribution System (TPDS) at a uniform Retail Issue Price (RIP) throughout the country. He was replying to a written question in… Read More
Empowered Committee Approves PPP Project for Viability Gap Funding
The Empowered Committee at its Seventeenth Meeting on May 6, 2013, chaired by the Secretary, Department of Economic Affairs, Ministry of Finance, Government of India accorded final approval for viability gap funding of Rs. 1458 crore (12.35 percent of Total Project Cost of Rs. 11,814 crore) under the Viability Gap Funding (VFG) Scheme to the project from Government of Andhra… Read More
Government Approves 17 Proposals of Foreign Direct Investment
Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting held on March 13, 2013, the Central Government has approved Seventeen (17) proposals of Foreign Direct Investment amounting to Rs. 262.5594 crore approximately. Following are the details of proposals considered in the Foreign Investment Promotion Board (FIPB) Meeting held on 13.03.2013: Following Seventeen (17) proposals have been approved : Sl. No. Name of the applicant Particulars of the proposal FDI/NRIinflows (Rs. In crore) INDUSTRIAL POLICY & PROMOTION 1 Ms. Sonia Sharma and Mr. Harish Kumar Sharma Induction… Read More
Action against Various Officers/Employees for Violation of Banking Norms and Regulations
In connection with Cobrapost, Red Spider 2 Expose which was released yesterday, Shri Rajiv Takru, Secretary, Department of Financial Services (DFS), Ministry of Finance had asked the Chairman cum Managing Directors (CMDs) of various Public Sector Banks (PSBs) and Life Insurance Corporation (LIC) of India for an immediate action in the matter. Beside above, the… Read More
Rs. 1693 Crore for National Mission on Micro Irrigation in 2013-14
Annual budget outlay of National Mission on Micro Irrigation (NMMI) scheme has been enhanced by approximately 13% from Rs.1500 crore for the financial year 2012-13 to Rs.1693 crore for the financial year 2013-14. Andhra Pradesh allotted higher sum of Rs 295.00 crore, Maharashtra Rs 250.00 crore and Gujarat gets Rs 200.00 crore under National Mission… Read More
Sections 433(e) and 434 – Exercising winding up not possible if disputes between parties pending
CLR Editorial Notes: In the current case, the petitioner had three separate contracts entered into between tw0 parties. One of the said contracts was for the supply of cables and the other two contracts were for the supply of electrical accessories, i.e., Jumpers, Connectors and Surge Arrestors. Prior to this contract, both the parties had been… Read More
Section 144C(8) entitles DRP to enhance disallowance by questioning existence of transaction
CLR Editorial Notes: In this case, the assessee had entered into an international transactions with its Associated Enterprise by way of payment of management fees, reimbursement of tender cost and payment of R&D expenses and had claimed that the transactions were done at Arms Length. The Transfer Pricing Officer & Assesing Officer did not dispute… Read More
RBI Releases Report of the Technical Committee on Services/Facilities to the Exporters
RBI head office, Delhi The Reserve Bank of India today released the report of the Technical Committee on Services/Facilities for the Exporters(Chairman - Shri G. Padmanabhan, Executive Director, RBI). Among others the Committee has made recommendations relating to i) review of Gold Card Scheme for extension of export credit to exporters, ii) appropriate inclusion of… Read More
Indian Rural Banking Sector: Big Challenges and the Road Ahead
(Speech delivered by Dr Deepali Pant Joshi, Executive Director, Reserve Bank of India at MITE Mangalore on May 04, 2013) Respected Dr. Thingalaya, Former CMD Syndicate Bank, Dr. G. L. Easwara Prasad, Principal, Mangalore Institute of Technology and Engineering, senior bankers and dear students. I am extremely delighted to be amongst you in this prestigious… Read More
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