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India taking steps to low sensitive lists for free trade

February 9, 2011 924 Views 0 comment Print

India today announced that it was taking steps to reduce the sensitive lists of items for free trade as it pitched for early ratification of a SAARC pact in Trade in Services and finalisation of an agreement on Promotion and Protection of Investments to give a fillip to intra-regional commerce.

CII for agriculture tax incentives in Budget 2011-12

February 9, 2011 555 Views 0 comment Print

Industry chamber CII today called for the government to provide tax incentives on agricultural activities in the forthcoming Budget to encourage private participation and adoption of new technologies in the sector.

Stop looking for sops; Mukherjee to exporters

February 9, 2011 477 Views 0 comment Print

Ahead of the Budget, Finance Minister Pranab Mukherjee today said exporters will have to “fight” their own battle and stop expecting fiscal incentives from the government.

Finance Minister Releases Report of Task Force on Transaction Cost in Exports

February 9, 2011 429 Views 0 comment Print

The Report of Task Force on Transaction Cost in Exports was released here today by the Finance Minister, Shri Pranab Mukherjee in the presence of Shri Anand Sharma, Minister of Commerce and Industry and Shri Jyotiraditya M Scindia, Minister of State

Report of Task Force on Transaction Cost in Exports – Highlights

February 9, 2011 420 Views 0 comment Print

The five major Regional Plant Quarantine Stations have been fully equipped to perform their function of preventing the introduction of any insect, fungus or other pest, which is or may be destructive to crops, to facilitate safe global trading in agr

General Circular No – 2/2011 – dated 08.02.2011 – Direction under Section 212(8) of the Companies Act, 1956

February 9, 2011 975 Views 0 comment Print

General Circular No: 2 /2011, dated 08.02.2011 Large number of Companies are approaching the Ministry for exemption under Section 212(8) of the Companies Act, 1956. In context of Globalizing Indian Economy, increased number of Subsidiaries and introduction of Accounting Standards on consolidated Financial Statements, Ministry decided to grant a general exemption provided certain conditions are fulfilled.

CBI Arrests a Sub-Divisional Engineer of BSNL accepting bribery

February 9, 2011 886 Views 0 comment Print

The complainant, a private Cable Contractor alleged that the Sub Divisional Engineer, B.S.N.L., Harur has demanded a bribe of Rs.5000/- for sending condonation letter to the Office of General Manager, Dharampuri for clearing his bills. CBI laid a tra

Section 4 of the Special Economic Zones Act, 2005 – Renaissance Designbuild Private Ltd.

February 9, 2011 669 Views 0 comment Print

NOTIFICATION NO. S.O. 198(E), DATED 31-1-2011 The Central Government makes the following amendment in the English version notification of Ministry of Commerce bearing number S.O. 11(E), dated 4th January, 2011 constituting approval committee for the sector specific Special Economic Zone for information technology and information technology enabled services at Village Koorgally, District Mysore in the […]

Another scam- Auditor probes ISRO deal

February 9, 2011 462 Views 0 comment Print

The Comptroller and Auditor General on Monday said that audit of certain activities of Department of Space (DoS) were under way but made it clear that media reports on alleged scam in a deal between ISRO and a private firm cannot be concluded as its

Press Note 04/02/2011 – Easy Exit Scheme, 2011

February 9, 2011 609 Views 0 comment Print

In order to give an opportunity to the defunct companies, for getting their names strike off from the Register of Companies, the Ministry had decided to introduce a Scheme namely, “Easy Exit Scheme, 2011” under Section 560 of the Companies Act, 1956

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