The Ministry of Labour and Employment and Training (MLET), vide its office memorandum dated 8 September, 2009, has imposed restrictions on the issue of Employment Visas (EVs) to highly skilled and professionals foreign nationals.
The Reserve Bank of India has sent to the finance ministry a draft of its discussion paper on conversion of foreign bank branches into wholly-owned subsidiaries. The draft is understood to recommend compulsory local incorporation, coupled with increa
The Enforcement Directorate has registered a case for violation of Foreign Exchange Management Act as part of its probe into the alleged corruption in the run-up to the Commonwealth Games. Official sources said Central Bureau of Investigation has a
The Income Tax department is preparing a family tree of all senior officials, individuals and their relatives who have bagged Commonwealth Games contracts and also of consortiums which entered into joint ventures with foreign entities to float firm
Satyam founder B Ramalinga Raju on Wednesday said he never admitted to fraudulently appropriating money from the IT company. Defending the bail granted to him in the Supreme Court, Raju, interestingly, thanked the government for its efforts of putti
The Comptroller and Auditor General (CAG) on Wednesday seized files about various constructions works carried out by the CPWD and DDA for the Commonwealth Games even as the audit watchdog roped in more officers to finish the probe in the stipulated
The Union Cabinet today approved the proposal of Ministry of Home Affairs to introduce the Enemy Property (Amendment and Validation) Second Bill, 2010 to make amendments to the Enemy Property Act, 1968. The amendments, among other things, provide for
The finance ministry is looking into the possibility of phasing out some exemptions from the Centre’s excise list in the next Budget. The move is part of the transition exercise to the goods & services tax regime, slated to come into force next finan
It’s not just numerology that links the recently released movies Dabangg, Anjaana Anjaani and Raavan. Thanks to the Competition Commission of India (CCI), the country’s fair trade practice watchdog, none of these movies would have reached theatres ac
The Securities and Exchange Board (Sebi) of India is unlikely to accept a proposal to lift the size of mandatory open offer arising from mergers and acquisitions to 100 per cent from 20 per cent. A panel set up by the Sebi had proposed changes to tak
