Discover the latest government policies and their impact on society. Stay informed about regulations, laws, and initiatives shaping the country's governance. Explore our comprehensive coverage of government policies and their implications.
Corporate Law : The U.S. DOJ told a federal court that the criminal case was filed without a realistic prospect of trial. It sought dismissal citi...
Finance : The article explains how AI is reshaping India's IT services industry by automating routine work, forcing companies to transform t...
Corporate Law : Maharashtra Overhauls Co-operative Housing Society Rules: New Norms for Membership, Nomination, Charges, Funds, AGM, Redevelopment...
Finance : Based on the latest CPI-IW data released by the Labour Bureau, the Dearness Allowance for PSU employees has been computed at 55.70...
Corporate Law : The article explains CDSCO compliance requirements, applicable laws, approvals, and post-approval obligations for regulated health...
Corporate Law : NSO has launched the Annual Survey of Incorporated Services Sector Enterprises (ASISSE) to collect comprehensive economic and oper...
Corporate Law : The government has exempted smaller edible oil packs and minor edible oils from standardisation requirements. The exemption is aim...
Finance : The Ministry of Finance has introduced a unified portal to help individuals search for unclaimed bank deposits, insurance claims, ...
Corporate Law : The Sales Tax Bar Association has urged the Bar Council of India and the Law Ministry to permit Advocates to collaborate with non-...
Corporate Law : The Union Cabinet approved ECLGS 5.0 to provide guaranteed emergency credit support to MSMEs, non-MSMEs, and airlines facing liqui...
Corporate Law : The Court held that maintenance charges for common amenities, facilities, and services cannot be based on apartment size when all ...
Corporate Law : Supreme Court of India invalidates State VAT amendments made post-GST, citing issues of legislative competence in Telangana, Gujar...
Corporate Law : Kharghar Co-op. Housing Societies Federation Ltd Vs Municipal Commissioner (Bombay High Court) Bombay High Court in the matter of ...
Corporate Law : Calcutta High Court held that computation of award amount without multiplying the amount with the multiplier 13 is unjustifiable....
Corporate Law : Ours being a Welfare State, the respondents who happen to be instrumentalities of the State under Article 12, cannot act arbitrari...
Corporate Law : Standard pack sizes have been recommended for commonly used edible oils to reduce market inconsistencies and assist consumers in c...
Corporate Law : The Office Memorandum increases Dearness Relief rates for CPF beneficiaries and eligible family members under the 5th Central Pay ...
Corporate Law : The issue concerns revision of Dearness Relief rates for pensioners. The government increased DR from 58% to 60% effective January...
Corporate Law : The Coastal Shipping Bill, 2024, introduced in Lok Sabha, aims to regulate coastal trade, boost domestic participation, and enhanc...
Corporate Law : The Ministry of Agriculture announces revised guidelines for the AMI Sub-scheme of ISAM, effective from November 10, 2024, for new...
The Government has said that no verified information is available which indicates that the cases of corporate frauds are constantly increasing in the corporate sector in the country. However, an elaborate regulatory framework is already in place under the Companies Act, 1956 as well as the regulations of other agencies like Securities andExchange Board of India, Enforcement Directorate, Central Bureau of Investigation, etc. to deal with corporate frauds.
Prices of residential flats are likely to go up by 4% in a couple of months, notwithstanding the recent relaxation in the service tax. The latest Union Budget had imposed a 3% service tax on builders, while the state would impose VAT of 1% on a flat’s price.
The Government is considering increasing the number of benches in BIFR, the quasi-judicial body that looks at revival of financially sick companies, Finance Minister Pranab Mukherjee said yesterday. Board of Industrial and Financial Reconstruction (BIFR) currently has only three benches, which is one of the reasons why revival or winding up cases get dragged for years.
The Government has said that according to a recent study, it takes an average of about 10 years to complete a company liquidation process in India. Giving this information in reply to a question in the Rajya Sabha, the Minsiter for Corporate Affairs, Shri Salman Khurshid told the House that the Companies Bill, 2009, which seeks to replace the existing Companies Act, 1956 provides for summary winding up proceedings in case of companies having assets of book value not exceeding one crore rupees.
Investor Marc Faber said China’s economy will slow and possibly “crash” within a year as declines in stock and commodity prices signal the nation’s property bubble is set to burst. The Shanghai Composite Index has failed to regain its 2009 high while industrial commodities and shares of Australian resource exporters are acting “heavy”, Faber said. The opening of the World Expo in Shanghai last week is “not a particularly good omen”, he said, citing a property bust and depression that followed the 1873 World Exhibition in Vienna.
The government proposes to set up a Directorate of Currency (DOC) in the Ministry of Finance. The Directorate of Currency (DOC) will have the mandate to : (i) Monitor & review best practices around the world;
The airline industry can heave a sigh of relief with finance minister Pranab Mukherjee on Thursday capping the incidence of service tax on air travel at Rs 100 for domestic travel and Rs 500 for international travel.
Finance minister Pranab Mukherjee on Thursday said service tax on air travel will not have any adverse impact as it is not linked to fare and has been capped at Rs 100 for domestic travel and Rs 500 for international travel.
Full exemption from excise duty has been provided to betel nut product commonly known as ‘supari’. This exemption is now being extended to scented supari. Central excise duty on corrugated boxes and cartons was reduced from 8% to 4% when they are manufactured starting from kraft paper. I propose to extend the exemption to cover units that manufacture such cartons from corrugated paper or paperboard also.
The Coffee growers in the country have been facing long standing financial problems ever since the coffee prices fell to very low levels during the period 2000-2004. Relief Packages in the form of Special Coffee Term Loan 2002 and Special Coffee Relief Package 2005 were sanctioned to revive coffee sector, besides other initiatives like PM’s Relief Package for Debt Stressed farmers and Debt Waiver and Debt Relief Scheme 2008. However, a large number of affected growers did not get the required relief.
