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Cabinet approves increase in carpet area of houses eligible for interest subsidy

Cabinet approves the increase in the carpet area of houses eligible for interest subsidy under the Credit Linked Subsidy Scheme for the Middle Income Group under Pradhan Mantri Awas Yojana...

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Posted Under: Corporate Law |

Cabinet given Boost to infrastructure facilities for judiciary

Union Cabinet chaired by Prime Minister Shri Narendra Modi has approved continuation of the Centrally Sponsored Scheme (CSS) for Development of Infrastructure Facilities for Judiciary beyond 12th Five Year Plan i.e. from 01.04.2017 to 31.03.2020 to be implemented in a Mission Mode through National Mission for Justice Delivery and Legal R...

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Posted Under: Corporate Law |

India slips to 7th position on business optimism ranking: Grant Thornton’s IBR survey

The results of Grant Thornton’s International Business Report (IBR), a quarterly global business survey, reveal that business optimism in India has slipped from 2nd position in the last quarter to 6th position in the 3rd quarter of 2017....

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Posted Under: Corporate Law |

IBBI strengthens its Due Diligence Framework under IBC, 2016

Now prior to approval of a Resolution Plan, the Resolution Applicants, including promoters, will be put to a stringent test with respect to their credit worthiness and credibility; Amendments to the IBBI (Insolvency Resolution Process for Corporate Persons) Resolution Process, 2016 impose a greater responsibility on the Resolution Profess...

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Posted Under: Corporate Law |

Alternative Mechanism to fast-track PSU Banks consolidation

A report on the proposals cleared by Alterative Mechanism will be sent to the Cabinet every three months. The final schemes formulated will be approved by the Central Government, and laid in both Houses of Parliament...

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Posted Under: Corporate Law |

Maximum age of joining NPS increased to 65 years

Now, any Indian Citizen, resident or non-resident, between the age of 60- 65 years, can also join NPS and continue up to the age of 70 years in NPS. With this increase of joining age, the subscribers who are willing to join NPS at the later stage of life will be able to avail the benefits of NPS....

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Posted Under: Corporate Law |

7.8% interest on General Provident Fund for Oct 17 to Dec 17

Government of India has announced that during the Financial Year 2017-18, accumulations at the credit of subscribers to the General Provident Fund (GPF) and other similar funds shall carry interest at the rate of 7.8% (Seven point eight per cent) with effect from 1st October, 2017 to 31st December, 2017. This rate will be in force w.e.f. ...

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Posted Under: Corporate Law |

EPFO members can link their UAN with Aadhaar online

EPFO is pleased to introduce a new facility for its esteemed members having Universal Account Number (UAN) and other relevant details to link their respective UAN with Aadhaar online. This, in turn, would facilitate the members, a better and speedy EPFO services....

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Posted Under: Corporate Law |

CIPAM-DIPP Launches Logo and Tagline Contest for Geographical Indications of India

The Cell for IPR Promotions & Management (CIPAM) under the aegis of the Department of Industrial Policy Promotion (DIPP), Ministry of Commerce and Industry, has launched a logo and tagline/slogan contest for Geographical Indications (GIs) of India on MyGov.in website....

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Posted Under: Corporate Law |

ICSI Corporate Anti-Bribery Code

ICSI Institute has come up with a well-researched Corporate Anti-Bribery Code. Code would supplement the government's initiative towards building a corruption free New India by 2022....

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Posted Under: Corporate Law |
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