Agreement for sale or an agreement to sell itself does not create any interest or charge
CLR Editorial Notes: In the said judgment, while examining the ambit and scope of Section 22 of the Sick Industrial Companies (Special Provisions) Act, 1985 (for short, the 'Act of 1985') and its overriding application over the provisions of Transfer of Property Act, 1882 (for short, the 'Act of 1882'), with particular reference to Section… Read More
U/s 73(1) of the Companies Act, organizations have to make an application for SE listing before issuing OFCDs
CLR Editorial Notes: This refers to the OFCD subscription offer made by Sahara Group and the subsequent litigation by SEBI in lieu of non-compliance and intentional bypass of SEBI Guidelines. The Sahara Companies, issued that the invitation/offer to subscribe to the OFCDs 3 crore persons (expressed as 30 million persons by the SAT), through 10 lakh… Read More
Special Focus on Green Revolution in 2013-14
Finance Minister Proposes Special Focus on Green Revolution in 2013-14; Outlay Increased to Boost Agriculture Production An allocation of Rs. 1000 crore has been proposed in the budget 2013-14 to continue support to the new green revolution in Eastern States like Assam, Bihar, Chhattisgarh and West Bengal to increase the rice production. An outlay of… Read More
Seven New Cities Planned on Delhi Mumbai Industrial Corridor
Seven New Cities Planned on Delhi Mumbai Industrial Corridor(DMIC) A Chennai Bengaluru Industrial Corridor Being Planned The Finance Minister, Shri P Chidambaram in his Budget speech in Lok Sabha today said that the Delhi Mumbai Industrial Corridor (DMIC) project has made rapid progress. Plans for seven new cities have been finalized and work on two… Read More
Government Announces Fund for Products Based on Science and Technology Innovations
Government plans to pay more attention to science and technology for common man. Ministry of Science and Technology, Ministry of Finance and the Principal Scientific Advisor to the Government have identified a few amazing S&T innovations and the Government has decided to fund organizations that will scale up and make these products available to the… Read More
Wind Energy Projects to be provided incentives and Funding under National Clean Energy Fund
Generation-Based Incentive for Wind Energy Projects Announced The Government is proposing to provide Rs. 800 crore for the Ministry of New & Renewable Energy for generation-based incentive for wind energy projects as the non-conventional wind energy sector deserves incentives. Shri Chidambarm hinted at evolving a scheme to encourage cities and municipalities to take-up waste-to-energy projects… Read More
Direct Benefit Transfer Scheme to be Rolled out throughout the Country
Direct Benefit Transfer Scheme to be Rolled out throughout the Country: Government Ensures Aapka Paisa Aapke Haath to the Poor Government is determined to plug in the leakages in the implementation of developmental programmes meant for the poor and the deprived of the country. To achieve this, the Government, which made a modest and cautious… Read More
National Rural & Urban Livelihood Missions to pull out all stops for achieving the skill development of 5 Cr people
Government to Pull Out all Stops to Achieve the Objective of Skilling 50 Million People ; Youth to be Targeted and Motivated Government will release funds through National Rural Livelihood Mission and the National Urban Livelihood Mission to achieve the ambitious target of skilling 50 million people in the Twelfth Plan period including 9 million… Read More
Nearly 30% Hike in Plan Expenditure for 2013-14, Overarching Goal of Budget is to Create Job Opportunities for Youth
The Finance Minister Shri P.Chidambaram has announced that the plan expenditure in 2013-14 will be 29.4 percent more than the revised estimate of the current year. He said that anticipating a global and domestic recovery, total expenditure had been fixed at Rs. 14,90,925 crore but due to the slowdown and the austerity measures, the revised… Read More
DGFT Import Policy of Used Rails
To be Published in the Gazette of India Extraordinary Part-II, Section - 3, Sub-Section (ii) Government of India Ministry of Commerce & Industry Department of Commerce Udyog Bhawan Notification No. 36 (RE2012)/2009-2014 New Delhi, Dated: 28th February, 2013 Subject: Import Policy of Used Rails. S.O.(E) In exercise of powers conferred by Section 5 of the Foreign Trade… Read More
DGFT revision of Policy on Second Hand Goods
TO BE PUBLISHED IN THE GAZETTE OF INDIA EXTRAORDINARY PART-II, SECTION-3, SUB SECTION (ii) GOVERNMENT OF INDIA MINISTRY OF COMMERCE & INDUSTRY DEPARTMENT OF COMMERCE NOTIFICATION NO. 35 (RE-2012)/2009-2014 NEW DELHI: Dated: 28th February, 2013 Subject: Policy on Second Hand Goods: S.O. (E): In exercise of powers conferred under Section 5 of the Foreign Trade (Development and Regulation) Act,… Read More
FM to discuss Budget ’13-’14 with thought Leaders and Respond to Citizens’ Questions on his First Google+ Hangout
The Union Finance Minister Shri P. Chidambaram will respond to citizens' questions on the Union Budget 2013-14 tomorrow (4th March 2013) at 8:00 pm IST by joining the multiparty video conference on Google+ Hangout. This is for the First time that any Union Cabinet Minister is using this medium to interact with the citizens and… Read More
Customs extends date of submission of final findings on safeguard investigation on a product from China
[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART-II, SECTION 3, SUB-SECTION (i)] GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 24 / 2013-Customs (N.T.) New Delhi, the 26th February, 2013. G.S.R. (E) - In pursuance of sub-rule (1) of rule 11 of the Customs Tariff (Transitional Product Specific Safeguard Duty)… Read More
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