Category Archives: Corporate

Two Day National Conference on Capacity Building of Sustainable Food Value Chains

Two Day National Conference on Capacity Building of Sustainable Food Value Chains
A two-day National Conference on Capacity Building of Sustainable Food Value Chains for Enhanced Food Safety and Quality organized by National Productivity Council (NPC) in collaboration with Asian Productivity Organization, Tokyo, Japan began in New Delhi today. The Conference was inaugurated by Secretary, Department for Promotion of Industry and… Read More

MoD | Raksha Mantri calls for increased private sector participation in Make in India in Defence Sector

Raksha Mantri Shri Rajnath Singh calls for increased private sector participation in Make in India in Defence

Raksha Mantri Shri Rajnath Singh emphasised the need to progressively reduce dependence on foreign manufacturers and indigenously develop comprehensive capabilities in the defence sector. Delivering the inaugural address at the seminar on ‘Modernisation and Indigenisation plans of the Indian Air Force’ in New Delhi, Shri Rajnath Singh… Read More

MCA amends provisions related to Differential Voting Rights under Companies Act

Ministry of Corporate Affairs

The Ministry of Corporate Affairs has amended the provisions relating to issue of shares with Differential Voting Rights (DVRs) provisions under the Companies Act with the objective of enabling promoters of Indian companies to retain control of their companies in their pursuit for growth and creation of long-term value for shareholders, even as they raise… Read More

CCI finds conduct & practice of Jaiprakash Associates Ltd to be in contravention of Competition Law

Competition Commission of India(CCI)

PIB News Update | The Competition Commission of India (CCI) has found Jaiprakash Associates Limited (JAL) to be in contravention of the provisions of Section 4 of the Competition Act, 2002 (Act) for abuse of dominant position in the market of independent residential units such as villas, estate homes in their integrated township, by imposing unfair/ discriminatory… Read More

High Level CSR Committee recommends CSR expenditure to be made tax deductible expenditure

High Level Committee on CSR recommends

PIB News Update | Shri Injeti Srinivas, Secretary (Corporate Affairs), today presented the Report of the High Level Committee on CSR to the Union Minister of Finance and Corporate Affairs, Smt. Nirmala Sitharaman. The Committee has made far reaching recommendations.  The main recommendations  include, making CSR expenditure tax deductible, provision… Read More

Redirecting education towards skill based learning for School Students

ESVC

Education Transformation and 21st Century learning sound like trendy phrase, but there are reasons why schools worldwide are striving toward these goals. To keep pace with a future where technologies like robotics and automation will play an even bigger role in daily life, Generation Alpha must become adults who can do what robots can’t: think innovatively,… Read More

10000+ Schools in India to get free Online Training for Solar Car Model Development

ESVC

Imperial Society of Innovative Engineers (ISIE) , An Associate Member of FMSCI and SFI, National Youth Award Winner by Ministry of Youth Affairs, Recommended by Ministry of New and Renewable Energy, Govt. of India) is organizing first season of Electric Solar Vehicle Championship ESVC-JUNIOR, which is India’s First & World’s Unique Solar Electric … Read More

Lower rate of 25 % Corporate Tax extended to companies with Annual Turnover up to Rs. 400 cr

Lower rate of 25 % Corporate Tax extended to companies with Annual Turnover up

The Union Budget 2019-20 has proposed to extend the lower rate of 25 % Corporate Tax to all companies with annual turnover up to Rs. 400 crore.  Currently, this rate is only applicable to companies having annual turnover up to Rs. 250 crore. Presenting the General Budget 2019-20 in the Parliament today, the Union Minister of Finance and Corporate Affairs, Smt.… Read More

Ministry of Finance outlines Regulatory Compliance by Private Banks

Reserve Bank of India

Shri Anurag Singh Thakur, Minister of State for Finance & Corporate Affairs  has informed that Regulatory mechanism are in place to deal with non-compliance with directions on “Know Your Customer/Anti-Money Laundering Norms” (KYC/AML norms) and on reporting of frauds by lenders and banks, and deficiencies in regulatory compliance by lenders.

In … Read More

Ministry of Finance further simplifies GST Processing

GSTN portal

Further simplification of the GST processes, increasing Special Additional Excise duty and Road and Infrastructure Cess on petrol and diesel by one rupee each, hike in Customs Duty on Gold and precious metals to 12.5% and imposing nominal basic excise duty on tobacco products and crude are among the salient proposals pertaining to the Indirect Taxes in the… Read More

Ministry of Agriculture & Farmers Welfare signs LoI with IBM | Pilot study to utilize AI & Weather Technology solutions in agriculture

Agriculture Ministry signs a Statement of Intent with IBM

Ministry of Agriculture and Farmers Welfare signed a Statement of Intent (SoI) for undertaking a pilot study in 3 districts of Bhopal, Rajkot and Nanded in the States of Madhya Pradesh, Gujarat and Maharashtra respectively, with IBM India Private Limited, in New Delhi today.  IBM’s Watson Decision Platform will give solution in the field of agriculture through… Read More