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Petrol/diesel prices not market driven, but tax driven, Center, states should cut levies: ASSOCHAM

Consumer is getting restive about a three year high in the petrol and diesel prices because he/she feels the concept of market-determined rates was tampered with by frequent tax hikes when the crude oil prices fell steeply and are ruling at exactly half the level of USD 107 per barrel in May, 2014 even after rising in the last three mon...

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Posted Under: Corporate Law |

Govt may increase Gratuity ceiling to Rs. 20 Lakh for Private Sector Employees

The present upper ceiling on gratuity amount under the Act is Rs. 10 Lakh. The provisions for Central Government employees under Central Civil Services (Pension) Rules, 1972 with regard to gratuity are also similar. Before implementation of 7th Central Pay Commission, the ceiling under CCS (Pension) Rules, 1972 was Rs. 10 Lakh. However, w...

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Posted Under: Corporate Law |

Peak Filing Preparation for 2017- MCA 21

To Avoid last minutes rush and system congestion on the MCA 21 Portal on Account of annual filings during the months of October and November, 2017, Companies are requested to file their financial statements and annual returns at the earliest, without postponing it to the last few days permitted for the same....

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Posted Under: Corporate Law |

Industrial Policy – 2017 A Discussion Paper

This discussion paper reviews the progress made in the last quarter century since the 1991 Industrial Policy and provides thoughts to facilitate discussions for formulation of a new Industrial Policy aimed at building a globally competitive Indian industry equipped with skill and scale and technology....

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Posted Under: Corporate Law |

Govt to rationalise 38 Labour Acts by framing 4 labour codes

As part of labour law reforms, the Government has undertaken the exercise of rationalisation of the 38 Labour Acts by framing 4 labour codes viz Code on Wages, Code on Industrial Relations, Code on Social Security and Code on occupational safety, health and working conditions....

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Posted Under: Corporate Law |

Updated list of Ministers in Modi Government after recent changes

CABINET MINISTERS -1. Shri Raj Nath Singh Minister of Home Affairs. 2. Smt. Sushma Swaraj Minister of External Affairs. 3. Shri Arun Jaitley Minister of Finance; and Minister of Corporate Affairs....

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Posted Under: Corporate Law |

Recognizing teachers as nation builders

September 5 is observed as Teachers’ Day in honour of Dr. Sarvepalli Radhakrishnan (1888-1975), the second President of India, who was born on that day. But how did it get instituted? Dr. Radhakrishnans 75thbirthday on September 5, 1962 came within weeks of his being elevated to the President’s post....

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Posted Under: Corporate Law |

Text of PM’s ‘Mann ki Baat’ on 27.08.2017

My dear countrymen, Saadar Namaskar. When on the one hand, a sense of festivity pervades the land, and on the other, news of violence comes in, from one part of the country, it is only natural to feel concerned. Ours is the country of Buddha and Gandhi, it is the land of Sardar Patel who gave up his all for the unity of the nation. ...

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Posted Under: Corporate Law |

Cabinet gives in-principle approval for Public Sector Banks to amalgamate through an Alternative Mechanism (AM)

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given in-principle approval for Public Sector Banks to amalgamate through an Alternative Mechanism (AM). The decision would facilitate consolidation among the Nationalised Banks to create strong and competitive banks. ...

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Posted Under: Corporate Law |

Treat home buyers at par with banks in realty projects: ASSOCHAM

Give a carve-out to home buyers, treat them at par with banks in realty projects: ASSOCHAM New Delhi, August 19, 2017: ASSOCHAM today impressed upon the government, National Company Law Tribunal (NCLT) and the Insolvency and Bankruptcy Board of India to treat home buyers in real estate projects at par, if not above banks in […]...

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Posted Under: Corporate Law |
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