Government Policy

Brief Understanding on Foreign Trade Policy (2015-20)- Part III

Corporate Law - EOU, EHTP, STP & SCHEME 1. EOU, EHTP, STP & SCHEME units are setup for their export of entire production of goods and services (except permissible sale in DTA) 2. They can import input & capital goods without payment of customs duty. 3. STP, EHTP, BTP scheme are similar to EOU schemes and provisions are […]...

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All you need to know about Pollution License

Corporate Law - Introduction  -There is a requirement to Obtain License from State Pollution Control Board before starting any unit which emits air pollutants causing Air pollution or effluents in water causing Water Pollution. -For granting license to various units, The Ministry of Environment, Forest and Climate Change has categorized industries into ...

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Brief Understanding on Foreign Trade Policy (2015-20)- Part II

Corporate Law - EXPORT PROMOTION SCHEME EXEMPTION SCHEMES Duty exemption scheme Advance Authorisation Scheme Duty free import authorisation scheme (DFIA) Duty Remission Scheme Duty Drawback Scheme (DBK) Sec. 75 customs Duty Remission Scheme under Central Excise law not applicable REWARD SCHEMES 1. Merchandise Export from India Scheme (MEIS) 2. Service Ex...

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New Foreign Trade Policy 2021 – 26

Corporate Law - The Ministry of Commerce & Industry has issued a press release dated 12 Jan 2021 to give a brief on Parliamentary Consultative Committee meeting of Commerce and Industry on which was held to discuss “New Foreign Trade Policy 2021-26”. Please find below excerpts form press release for your perusal: The meeting was chair...

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Brief understanding on Foreign Trade Policy (2015-20)- Part I

Corporate Law - LEGISLATION ♣ Foreign Trade is regulated by ministry of commerce and industry. ♣ Director General of Foreign Trade handles full administration (DGFT). ♣ FTP is 5 years policy prepared under Foreign Trade Development & Regulation (D &R) Act 1992. ♣ Ministry and DGFT administered the FTP in formulation, control and superviso...

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India’s Foreign Trade Data: December 2020

Corporate Law - India’s overall exports (Merchandise and Services combined) in April-December2020-21* are estimated to be USD 348.49Billion, exhibiting a negative growth of (-)12.65per cent over the same period last year. Overall imports in April-December 2020-21* are estimated to be USD 343.27Billion, exhibiting a negative growth of (-) 25.86per cent ...

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Highlights of Major Decisions/Initiatives of MHA in Year 2020

Corporate Law - Major activities of MHA during 2020 -A summary of important developments during the year: JAMMU & KASHMIR AND LADAKH – Further steps towards Integration of the new UTs with the Union...

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Govt announces dates of CBSE Board examinations- 2021

Corporate Law - Union Education Minister announces the dates of CBSE Board examinations- 2021. Class 10th and 12th Board Examinations to be held from 4th May 2021 to 10th June, 2021 – Shri Ramesh Pokhriyal ‘Nishank’. Results of Class 10th and 12th Board Examinations to be declared by 15th July, 2021 - Shri Ramesh Pokhriyal ‘Nishank’ Practica...

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Mandatory implementation of FASTag wef new year day

Corporate Law - Ministry of Road Transport & Highways has mandated fitment of FASTag with effect from 1st January, 2021, in M and N categories of motor vehicles sold before 1st December, 2017. Category ‘M’ stands for a motor vehicle with at least four wheels used for carrying passengers. Category ‘N’ stands for a motor vehicle with at least fou...

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Postal Department issues notice on updating Customs data of Articles containing goods

Corporate Law - As per rule 47 of Post Office Guide Part 2 and other relevant rules, it is mandatory that all postal articles including ordinary articles containing goods meant for delivery to foreign destinations are affixed with correct and complete relevant custom declaration forms. These forms include details of sender and recipient along with descri...

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E-way bill for a consignment of value < 50K for multiple invoices in the same conveyance

Bon Cargos Private Ltd. Vs Union of India (Kerala High Court) - Bon Cargos Private Ltd. Vs Union of India (Kerala High Court) The High Court held that it is the duty of the transporter or the consignor, consignee to generate e-way bill when the aggregate value of the consignment is more than Rs. 50,000/- and if otherwise ie., less than Rs.50,000/- there is no su...

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No Complaint under consumer Act for Delay in Passport issue

Regional Passport Office Vs. Gurpreet Singh Mangat and Others (State Consumer Disputes Redressal Commission, Punjab, Chandigarh) - Passport is not a commodity: No complaint under consumer Act for Delay in Issuance of Passport....

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National Consumer Court (NCDRC) Orders Refund to Home buyers

Amal Ganguli & Anr. v. M/s. Unitech Limited (National Consumer Disputes Redressal Commission,  New Delhi), Consumer Case No. 2712 of 2017, Dated- 09th May 2019 - National Consumer Disputes Redressal Commission (NCDRC) in the case of Amal Ganguli & Anr. v. M/S. Unitech Limited  ordered refund to the Home buyers....

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Jadhav case: ICJ Rules in favour of India (Read Order & Press Release)

Mr. Kulbhushan Sudhir Jadha case (India v. Pakistan) (International Court of Justice) - Jadhav case (India v. Pakistan)- The Court finds that the Islamic Republic of Pakistan, in the matter of the detention and trial of an Indian national, Mr. Kulbhushan Sudhir Jadhav, has acted in breach of the obligations incumbent on it under Article 36 of the vienna Convention on Consular Relations...

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Collecting parking fee by malls illegal : Gujarat HC issues notice (Read PIL)

Sajeev Bhargav Ezhava Vs. Versus State Of Gujarat (Ahmedabad High Court) - Petitioner Sajeev Ezhava, filed public interest litigation before Hon’ble Gujarat High Court contending that the parking fee collected by malls and commercial establishments is illegal and against the basis of exempting them from municipal taxes. ...

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Launch of Regulatory Compliance Portal to minimize Regulatory Compliance

Release ID: 1690454 - (20/01/2021) - India’s commitment to reforms is evident from the width and scale of reforms undertaken at pan- India level since 2014 under the visionary leadership of Hon. Prime Minister. This is reflected in the meteoric rise of India’s rank in World Bank’s Ease of Doing Business Report from 142nd in 2014...

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Atamnirbhar Bharat: Relief for Contractors/Developers of Road Sector- reg

Notification No. No. COVID-19/RoadMap/JS(H)/2020 - (31/12/2020) - Representations have been received in the Ministry for further extension of the period of relief measures taken for mitigating COVID impact on the contractors engaged in NH sector....

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Mumbai Police issue prohibitory orders under Section 144

CP/X1(6)/144/( Prohibitory Order)/2020 - (22/12/2020) - Mumbai Police issue prohibitory orders under Sec 144 banning assembly of 5 or more persons from 22.12.2020 to 5.1.2021...

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QCI Launches Recognition Scheme for Hygiene Rating Audit Agencies

Release ID: 1680753 - (15/12/2020) - Quality Council of India (QCI) at the behest of the FSSAI has come out with a Scheme for approval of Hygiene Rating Audit Agencies to scale up Hygiene Rating by increasing the number of recognised Hygiene Rating Audit Agencies in the country. The detail of the scheme is available on QCI’s websit...

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Piyush Goyal urges leaders & intellectuals to talk about benefits of farm laws

Release ID: 1680205 - (12/12/2020) - Shri Piyush Goyal urged all business leaders & intellectuals associated with FICCI to talk about the benefits of the farm laws, as these laws are for the benefit of all the farmers across the country....

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Recent Posts in "Government Policy"

Launch of Regulatory Compliance Portal to minimize Regulatory Compliance

Release ID: 1690454 (20/01/2021)

India’s commitment to reforms is evident from the width and scale of reforms undertaken at pan- India level since 2014 under the visionary leadership of Hon. Prime Minister. This is reflected in the meteoric rise of India’s rank in World Bank’s Ease of Doing Business Report from 142nd in 2014 to 63rd in 2019....

Read More

Brief Understanding on Foreign Trade Policy (2015-20)- Part III

EOU, EHTP, STP & SCHEME 1. EOU, EHTP, STP & SCHEME units are setup for their export of entire production of goods and services (except permissible sale in DTA) 2. They can import input & capital goods without payment of customs duty. 3. STP, EHTP, BTP scheme are similar to EOU schemes and provisions are […]...

Read More
Posted Under: Corporate Law |

All you need to know about Pollution License

Introduction  -There is a requirement to Obtain License from State Pollution Control Board before starting any unit which emits air pollutants causing Air pollution or effluents in water causing Water Pollution. -For granting license to various units, The Ministry of Environment, Forest and Climate Change has categorized industries into ...

Read More
Posted Under: Corporate Law |

Brief Understanding on Foreign Trade Policy (2015-20)- Part II

EXPORT PROMOTION SCHEME EXEMPTION SCHEMES Duty exemption scheme Advance Authorisation Scheme Duty free import authorisation scheme (DFIA) Duty Remission Scheme Duty Drawback Scheme (DBK) Sec. 75 customs Duty Remission Scheme under Central Excise law not applicable REWARD SCHEMES 1. Merchandise Export from India Scheme (MEIS) 2. Service Ex...

Read More
Posted Under: Corporate Law |

New Foreign Trade Policy 2021 – 26

The Ministry of Commerce & Industry has issued a press release dated 12 Jan 2021 to give a brief on Parliamentary Consultative Committee meeting of Commerce and Industry on which was held to discuss “New Foreign Trade Policy 2021-26”. Please find below excerpts form press release for your perusal: The meeting was chair...

Read More
Posted Under: Corporate Law |

India’s Foreign Trade Data: December 2020

India’s overall exports (Merchandise and Services combined) in April-December2020-21* are estimated to be USD 348.49Billion, exhibiting a negative growth of (-)12.65per cent over the same period last year. Overall imports in April-December 2020-21* are estimated to be USD 343.27Billion, exhibiting a negative growth of (-) 25.86per cent ...

Read More
Posted Under: Corporate Law |

Brief understanding on Foreign Trade Policy (2015-20)- Part I

LEGISLATION ♣ Foreign Trade is regulated by ministry of commerce and industry. ♣ Director General of Foreign Trade handles full administration (DGFT). ♣ FTP is 5 years policy prepared under Foreign Trade Development & Regulation (D &R) Act 1992. ♣ Ministry and DGFT administered the FTP in formulation, control and superviso...

Read More
Posted Under: Corporate Law |

RBI introduced LEI for Large Value Transactions in Centralised Payment Systems

The Legal Entity Identifier (LEI) is a 20-digit number that is utilized towards uniquely identifying parties to financial transactions throughout the world. It has been conceived as a major measure towards increasing the quality as well as the accuracy of financial data systems for better risk management after the Global Financial Crisi...

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Posted Under: Corporate Law |

Is Right To Property A Fundamental Right Under Our Constitution?

Constitution Talk—Provisions that impact our lives IS THE “RIGHT TO PROPERTY A FUNDAMENTAL RIGHT UNDER OUR CONSTITUTION? 1. PART III of our Constitution in Articles 12 to 30 guarantees to us the set of Fundamental Rights. 2.  The subject being too vast to cover in one Article, I am dealing with only the Banks Nationalisation [&hellip...

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Posted Under: Corporate Law |

India Has the economy turned around

A. INTRODUCTION: COVID-19 affected the entire world making no difference between the rich and the poor, between the strong and poor nations. Wealth could not avoid the catastrophe and could not also guarantee a good life. Well laid rules of economics were tested. The well-established health care systems of advanced nations were also sever...

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Posted Under: Corporate Law |

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