FDI in Food Processing Industries
Inflow of Foreign Direct Investment to the food processing industries sector for the last 3 years including 2012-13 (April to February) is as follows: Sl. No. Year (Apr-Mar) FDI (Rs.Crore) FDI (US$ million) 1 2010-11 5,796.22 1,271.77 2 2011-12 7,677.74 1,652.38 3 2012-13(Apr to Feb) 2887.03 529.09 Foreign Direct Investment (FDI) complements and supplements domestic investment. FDI… Read More
Companies Bill, 2012 provides for Regulation of Foreign Online Companies
Sachin Pilot, MCA It had come to the notice of the Government that certain foreign entities are conducting online activities in India without actually getting themselves registered. Giving this information in written reply to a question in the Rajya Sabha, Shri Sachin Pilot, Minister of Corporate Affairs, said that in order to regulate online activities… Read More
Penal Action Against Fraudulent Companies
Sachin Pilot, Minister for Coroporate Affairs During last five years i.e. from 2008-09 to 2012-13 a total of 782 inspection reports in respect of companies were received in the Ministry of Corporate Affairs. Based on the findings in the inspection reports, penal actions have been taken against the companies and their directors/officers in default for… Read More
Multi Level Marketing – Curbs on Fraudulent Companies
Multi Level Marketing (MLM) Schemes involving enrollment of a vertical chain of investors/agents constitute Money Circulation and are banned under the Prize Chits & Money Circulation (Schemes)Banning Act, 1978 which is implemented by the States. Giving this information in written reply to a question in the Rajya Sabha, Shri Sachin Pilot, Minister of Corporate Affairs,… Read More
Corporate Social Responsibility and the Existing Companies Law
There is no provision for Corporate Social Responsibility (CSR) spending by companies in the existing Companies law i.e. Companies Act, 1956. However, the Companies Bill, 2012 incorporates a provision of CSR under Clause 135. Giving this information in written reply to a question in the Rajya Sabha, Shri Sachin Pilot, Minister of Corporate Affairs, said… Read More
Annual Plan 2013-14 for Punjab finalised
The Annual Plan for the year 2013-14 for the state of Punjab was finalised here today at a meeting between Deputy Chairman, Planning Commission, Mr. Montek Singh Ahluwalia and Chief Minister of Punjab, Sh. S. Parkash Singh Badal. The plan size has been agreed at Rs16,125crore. In his comments, Deputy Chairman assured the State Government… Read More
Industrial Clusters Approved Under Industrial Infrastructure Upgradation Scheme
The details of industrial clusters set up or approved in the country during the last three years under Industrial Infrastructure Upgradation Scheme along with funds allocated/released to them, State-wise and share of small and medium industries in these clusters is indicated at Annexure-I. Projects sanctioned under the Scheme have access to modern technology through provision… Read More
Steps Taken to Boost Manufacturing Growth
Government is aware of the status of the manufacturing growth in India vis a vis other developing countries. As per estimates by the United Nation Industrial Development Organisation (UNIDO), average annual real growth rate of manufacturing value added during 2005-10 in India has been 9.11 % compared to 5.05 % in Asia and 7.06 %… Read More
Appointment of Common Adjudicating Authority pertaining to M/s. M.P. Lights and others
[To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (ii)] Government of India Ministry of Finance (Department of Revenue) Notification No.47/ 2013-Customs (N.T.) New Delhi, dated the 22nd April, 2013 S.O. (E). In exercise of the powers conferred by sub-section (1) of section 4 and sub-section (1) of section 5 of the Customs Act,… Read More
Appointment of Common Adjudicating Authority pertaining to M/s Jai Shiv Sulztex
[To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (ii)] Government of India Ministry of Finance (Department of Revenue) Notification No.46 /2013-Customs (N.T.) New Delhi, dated the 22nd April, 2013 S.O. (E). In exercise of the powers conferred by sub-section (1) of section 4 and sub-section (1) of section 5 of the… Read More
Appointment of Common Adjudicating Authority
[To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (ii)] Government of India Ministry of Finance (Department of Revenue) Notification No.45 / 2013-Customs (N.T.) New Delhi, dated the 22nd April, 2013 S.O. (E). In exercise of the powers conferred by sub-section (1) of section 4 and sub-section (1) of section 5 of the… Read More
Appointment of Common Adjudicating Authority
[To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (ii)] Government of India Ministry of Finance (Department of Revenue) Notification No. 44 / 2013-Customs (N.T.) New Delhi, dated the 22nd April, 2013 S.O. (E). In exercise of the powers conferred by sub-section (1) of section 4 and sub-section (1) of section 5… Read More
Appointment of Common Adjudicating Authority
[To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (ii)] Government of India Ministry of Finance (Department of Revenue) Notification No. 43 / 2013-Customs (N.T.) New Delhi, dated the 22nd April, 2013 S.O. (E). In exercise of the powers conferred by sub-section (1) of section 4 and sub-section (1) of section 5 of the… Read More
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