Category Archives: Corporate

Ministry of Steel | Status on Per Capita Steel Consumption in the Country

Setting up of Steel Plant in YSR Kadapa District of Andhra Pradesh

PIB News Update: Union Minister for Steel Shri Dharmendra  Pradhan has informed that Government has brought National Steel Policy (NSP), 2017 which envisages steel per capita steel consumption to increase upto 160 kg. by 2030-31. In this direction, efforts have been made to promote steel usage by inserting new GFR rules 136(i)(iii) to consider life cycle… Read More

Ministry of Steel | Cabinet approval for pact between India & Japan in Steel Sector

Steel Ministry

PIB News Update: The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its approval for signing the Memorandum of Cooperation (MoC) between Government of India and Government of Japan to constitute the ‘India-Japan Steel Dialogue’ to strengthen cooperation in steel sector.

Benefits

The ‘India-Japan Steel Dialogue’ envisages enhancement… Read More

Ministry of Power | Cabinet approval for MoU between India & Japan Coal Energy Centre

bihar electricity

PIB News Update: The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its approval for the signing of Memorandum of Understanding between Central Electricity Authority, India and Japan Coal Energy Centre, on Japan-India cooperation for Efficiency and Environmental Improvement for Sustainable, Stable and Low-Carbon supply of… Read More

MCA | Sanctioned for prosecution given to 366 cases in violation of CSR norms

prosecution given to 366 cases in violation of CSR norms

PIB News Update: Whenever any violation of Corporate Social Responsibility (CSR) provisions is reported, action against such non-compliant Companies are initiated as per provisions of Companies Act, 2013 after due examination of records. So far, sanction for prosecution has been accorded in 366 cases. All CSR related offences are compoundable. So far… Read More

Ministry of Commerce Status on Land Acquisition for Industrial Corridors

National Industrial Corridor Development and Implementation Trust (NICDIT)

PIB News Update: Minister of Commerce and Industry, Piyush Goyal has informed that As per the institutional and financial structure approved by the Government of India of industrial corridor projects in the country, State Governments are to make land available for the projects as their equity. State Governments as per their convenience and suitability… Read More

MCA | CCI approval for subscription of CCDs of Piramal Enterprises Ltd by Caisse de dépôt et placement du Québec

Competition Commission of India(CCI)

PIB News Update: The Competition Commission of India (CCI) approves subscription of compulsorily convertible debentures (CCDs) of Piramal Enterprises Limited (Piramal Enterprises) by Caisse de dépôt et placement du Québec (CDPQ), under Section 31(1) of the Competition Act, 2002. Upon conversion, equity shareholding of CDPQ in Piramal Enterprises… Read More

MoD | Status on Defence Purchases from Israel

Status on Defence Purchases from Israel

PIB News Update: Raksha Rajya Mantri Shri Shripad Naik has informed that Capital procurement of defence equipment is undertaken from various domestic as well as foreign vendors, based on operational requirements of the Armed Forces to keep the Armed Forces in a state of readiness and to meet the entire spectrum of security challenges.

During last five financial… Read More

MCA | CCI approval for acquisition of stake in Future Supply by Nippon Express

Competition Commission of India(CCI)

PIB News Update: The Competition Commission of India (CCI) approves the acquisition of stake in Future Supply Chain Solutions Limited (Future Supply) by Nippon Express (South Asia & Oceania) Pte. Ltd. (Nippon Express), under Section 31(1) of the Competition Act, 2002.

The proposed combination pertains to the acquisition by Nippon Express of approximately… Read More

EPF amount in Public Limited Companies

EPFO

PIB News Update: Shri Santosh Kumar Gangwar Union Minister of State (I/C) for Labour and Employment has informed that Employees’ Provident Fund Organization (EPFO) is investing in Exchange Traded Funds (ETFs) based on Nifty 50, Sensex, Central Public Sector Enterprises (CPSEs) and Bharat 22 Indices. EPFO does not invest in shares and equities of individual… Read More

Ministry of Steel | Safeguard for Domestic Steel Industry

Steel Ministry

PIB News Update: Union Minister for Steel Shri Dharmendra Pradhan has informed that In view of huge steel capacity available with China, the Indian Steel sector could have faced threat from cheap Chinese steel imports.  Under Regional Comprehensive Economic Partnership (RCEP), such imports would have got the advantage of preferential tariff and harmed… Read More

Ministry of Commerce | National Public Procurement Conclave

Commerce & Industry Minister to Inaugurate National Public Procurement Conclave

PIB News Update: The 3rd edition of National Public Procurement Conclave (NPPC) is being organised by Government e-Marketplace (GeM) in association with Confederation of Indian Industry (CII) on 5-6 December 2019 in New Delhi. The conclave will be inaugurated by Union Minister of Commerce & Industry and Railways, Piyush Goyal.

It will provide an opportunity… Read More