Daily Archives: May 4, 2016

Best Actor award to Amitabh Bachchan :National film awards 2015

By | May 4, 2016

Indian films truly reflect Indian character of Unity & Diversity- Hon’ble President of India President of India confers Film Awards at 63rd NFA Function Best of Indian cinema is yet to come: Shri Arun Jaitley The Hon’ble President, Shri Pranab Mukherjee today conferred National film awards for the year 2015 in various categories at the… Read More »

Interest subsidy on housing loans for the urban poor increased from 5.00% to 6.50%

By | May 4, 2016

No discrimination in housing sanctions to States, asserts Shri M.Venkaiah Naidu States empowered to sanction houses, more funds will be sought based on proposals received, says Minister Central Assistance to Prime Minister’s Awas Yojana (Urban ) substantially hiked Members say availability of land and resources key for success of housing mission Minster warns of strict… Read More »

High Level Committee Report on CSR Compliance

By | May 4, 2016

High Level Committee Report on CSR Compliance A High Level Committee, set up by the Ministry of Corporate Affairs to suggest measures for monitoring the progress of implementation of Corporate Social Responsibility (CSR) policies by companies, submitted its report on 22nd September, 2015. The report, including the recommendations of the Committee, has been placed in… Read More »

CSR Spends on Swachh Bharat CESS

By | May 4, 2016

CSR Spends on Swachh Bharat CESS As per Union Budget 2016-2017, the estimated amount to be collected from Swachh Bharat Cess during the year 2016-17 is 10,000 crores. However, there is no proposal of the Government to mandate Corporates to set aside 30% of their CSR spend for Swachh Bharat under consideration of this Ministry.… Read More »

Govt Action Against Ponzi Scheme Offenders

By | May 4, 2016

Action Against Ponzi Scheme Offenders The Government is committed to tackle the menace of unregulated ponzi deposit-taking schemes and take action against the offenders. The Ministry of Corporate Affairs has ordered investigations through Serious Fraud Investigation Office (SFIO) under Section 235 of the Companies Act, 1956 and Section 212 of the Companies Act, 2013 into… Read More »

Banning of Unregulated Deposit Schemes and Protection of Depositors’ Interests Bill

By | May 4, 2016

Legislative Framework for Regulating Deposit Taking Activities The Government of India had constituted an Inter-Ministerial Group (IMG) for identifying gaps in the existing regulatory framework for deposit taking activities and to suggest administrative / legislative measures, including formulation of a new law, to cover all relevant aspects of ‘Deposit Taking’. IMG has finalized its Report… Read More »