Govt to stop misleading ads, protect consumer interest
The government is considering putting in place a mechanism to stop misleading advertisements in order to protect consumers from being cheated, Food and Consumer Affairs Minister K V Thomas today said. Thomas said the ministry would set up an expert committee for suggesting ways and means to curb misleading ads. "Everyday I get a number… Read More
Foreign Tourist Arrivals and Foreign Exchange Earnings in May 2011
Foreign Tourist Arrivals (FTAs) during the Month of May 2011 was 3.69 lakh as compared to FTAs of 3.45 lakh during the month of May 2010 and 3.05 lakh in May 2009. There has been a growth of 7.0 % in May 2011 over May 2010 as compared to a growth of 13.0 % registered… Read More
National Legal E-Library to be launched on 15th Aug, 2011
The ˜National Legal E-Library™ project of the Government is to be dedicated o the nation on 15 August 2011. Dr. M Veerappa Moily, the Minister of Law & Justice had proposed the need for the formulation of a ˜National Legal e-library™ for students and practitioners of Law on 6 December 2009, during his meeting with… Read More
Integrated Grievance Management System (IGMS) for Insurance Grievances
Secretary, Financial Services Launches Integrated Grievance Management System (IGMS); asks Insurance Companies to Focus on Increasing Insurance Literacy; Emphasizes on Putting Proper Regulatory Mechanism in Place to Protect the Interest of Policy Holders Shri S.K. Sharma, Secretary, Department of Financial Services, Ministry of Finance launched the online grievance portal i.e. Integrated Grievance Management System (IGMS)… Read More
Strict Action against Misleading Advertisements
The Ministry of Consumer Affairs, Food & Public Distribution will soon convene a meeting to discuss the issue of misleading advertisements with various service sector ministries and related agencies. Expressing concern over such advertisements for various consumer products and services, the Minister for Consumer Affairs, Food & Public Distribution, Prof. K V Thomas has said… Read More
Action Taken by Govt. on Demands Raised by Baba Ramdev on Recovery of Black Money
There is a legal framework regulated by the Reserve Bank of India for the opening of bank accounts overseas by Indian residents and for outward or inward remission of funds through authorized channels. The existing legal framework for dealing with illicitly generated funds transferred overseas and measures for the attachment and repatriation of such illegal… Read More
Customs Tariff Notification No. 46/2011 revising Customs rates
[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. 46/2011-Customs New Delhi dated the 1st June, 2011 G.S.R. (E).- In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52… Read More
Message by ICSI President – June, 2011
Dear Professional Colleagues, "Only knowledge can help us to know the universe, which is vast like an Ocean. It enlightens everyone's mind."-- Rig Veda We are witnessing a series of changes in procedural and regulatory regime governing the business environment. Friends, when there is change, what becomes more important is not only to understand and… Read More
Chinese hackers break into hundreds of Gmail Accounts
In a phishing attack, hackers based in China broke into hundreds of Gmail accounts, including those belonging to senior US government officials and military personnel, Internet serach giant Google has said. "Through the strength of our cloud-based security and abuse detection systems, we recently uncovered a campaign to collect user passwords, likely through phishing," Google… Read More
RBI calls for secured systems to check credit card frauds
Amid rising instances of debit and credit card frauds, a RBI panel has recommended that banks should put in place secure systems to check such cases within a year's time. "All acquirers and issuers may put in place adequate fraud risk management systems and processes (within) 12 months," said the panel in its recommendations for… Read More
MSME-DI Conference on Policy Changes for Effective Implementation of MSME Schemes
A two day MSME-DI Officers Conference on Policy Changes on Effective Implementation of MSME Schemes : Analysis and Road Map was conducted by the Office of Development Commissioner under Ministry of Micro, Small and Medium Enterprises (MSME). In his valedictory address the Minister of MSME, Shri Virbhadra Singh complemented the initiative taken and emphasized on… Read More
CAG™s Online National Level Essay Competition Begins Today
As part of the 150 years™ celebrations of the Institution of the CA&G of India, a national level on-line essay competition for the graduate and post graduate students in all the disciplines has been organized from today. The subject is Role of CAG in Meeting Challenges of Good Governance. The competition is open only for… Read More
National Green Tribunal functional
National Green Tribunal, Van Vigyan Bhawan, Policy & Law Division, Ministry of Environment and Forests, New Delhi, dated 2nd June 2011. Hon™ble Supreme Court of India in its matter of UOI vs Vimal Bhai & others in SLP (Civil) No. 12065/2009, vide its order dated May 12, 2011, has directed the National Green Tribunal (NGT)… Read More
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