Page 37 - Indian Government

More firms to have reduced compliance burden as govt revises norms

The government has revised the paid-up capital and turnover thresholds for small companies that will help reduce the compliance burden on more entities. The latest decision by the corporate affairs ministry, which is implementing the companies law, has again revised the definition of small companies and is aimed at further improving the ease of doing business. With the amendments to certain rules, the threshold for small companies' paid-up capital has been increased to "not exceeding Rs 4 crore" from "not exceeding Rs 2 crore". Similarly, the turnover threshold has been revised to "not exceeding Rs 40 crore" from "not exceeding Rs 20 crore", the ministry said in a release on Friday. The revisions will allow more entities to come under the category of small companies. According to the ministry, small companies are exempted from the requirement to prepare cash flow statement as part of financial statement and can file an abridged annual return. They will not be required to have the

Hyderabad's accession and a case India-Pak fought for 70 years in the UK

After 70 years of proceedings, the court upheld the Indian government's claims and ordered Pakistan to pay the money due to India and the descendants of the last Nizam of Hyderabad, Mir Osman Ali Khan

PM GatiShakti: 196 critical infrastructure gap projects identified

PM Modi will also launch ULIP that will enable integration with existing data sources of ministries, as well as data exchange with private players

Spl status to backward states if non-BJP alliance comes to power: Nitish

Bihar Chief Minister Nitish Kumar on Thursday said that special category status will be granted to "all the backward states" if the united opposition that he seeks to build comes to power at the Centre. The JD(U) leader made the remark in reply to a query from journalists on the sidelines of a function here. "If we get an opportunity to form the next government, all the backward states will be granted the special category status. There is no reason why it cannot be done," said Kumar, who snapped ties with the BJP and joined the seven-party 'Mahagathbandhan' (Grand Alliance) comprising RJD, Congress and the Left.

Centre holds Samsung's incentive of Rs 900 cr under PLI scheme for FY21

The central government has held the disbursement of incentive amount under the PLI scheme to Samsung Electronics for FY21 after some discrepancies were found in the invoices

Vice-President Dhankhar lauds govt efforts for innovation, entrepreneurship

Dhankhar further said that the media should highlight the achievements and many positive stories of Indian entrepreneurs that would inspire the bright minds in the country

Coastal clean-up campaign gets huge boost by public, celebrities: Minister

The information was given by Union Minister of State (Independent Charge) Earth Sciences Jitendra Singh today while addressing a press conference

Centre, states working jointly to stop spread of Lumpy Skin Disease: PM

Says indigenous vaccine and movement of animals being stopped to control the spread of LSD

Report to restructure commerce ministry under study: Piyush Goyal

The commerce ministry is in the process of studying in greater detail the report on its restructuring and there is a plan to set up a trade promotion body, Union minister Piyush Goyal said on Sunday. The ministry is working to redesign the Department of Commerce as India is targeting exports of goods and services to USD 2 trillion by 2030. The restructuring rests on pillars like increasing India's share in global trade, assuming leadership roles in multilateral organisations, creating 100 Indian brands as global champions, and setting up economic zones in India to strengthen the manufacturing base and attract greater investments. "We are in the process in the commerce ministry to redesign the structure of the ministry. And one of the ideas before us is to set up a trade promotion body, similar to Invest India, which will promote trade from India, for India," he told reporters here. Invest India, under the ministry, is an agency which facilitates investments into the country. He ad

Assam to get Rs 300 cr as from Centre to improve judicial infrastructure

Assam CM Himanta Biswa Sarma said that Centre has approved Rs 9,000 crore for the betterment of judicial infrastructure in the country and Assam would receive around Rs 300 crore as its share

MCD to have 250 wards, 42 will be reserved for SC, says notification

The Centre has fixed the maximum number of seats in the Municipal Corporation of Delhi (MCD) at 250 and of these 42 wards will be reserved for Scheduled Castes (SC)

India issues advisory for medical students planning to study in China

India has issued a detailed advisory related to studying at Chinese medical schools as thousands of enrolled students continue to remain stuck at home amid the Covid-19 pandemic

India signs MoU with Gulf Cooperation Council to facilitate consultation

EAM S Jaishankar signed a MoU with the Secretary-General of Gulf Cooperation Council (GCC) Nayef Falah Mubarak Al-Hajraf on the mechanism of consultations between India and the GCC

People hinted at elevation as VP if stopped speaking against govt: Malik

Meghalaya Governor Satya Pal Malik on Saturday claimed that people had indicated that he would be made vice president if he stopped speaking against the Centre. "I already had indications that you will be made (vice president) if you don't speak, but I don't do this, I speak what I feel," he said when asked about the elevation of Jagdeep Dhankhar, whom he described as a "deserving". He also praised Congress leader Rahul Gandhi for taking out the "Bharat Jodo Yatra". Gandhi is working for his party and it is good, Malik said. When asked about what message the yatra has given, Malik said, "I do not know this. It is for the people to tell but I feel he is doing the right work." On the Enforcement Directorate's raids on the leaders of opposition parties, Malik said raids on BJP leaders should also be conducted. "There are many in the BJP worth raiding," he commented. When asked about his reaction on changing the name of Rajpath in the national capital, he said it was not needed. He

Union mins review schemes, BJD says people won't accept Centre's attitude

With seven union ministers visiting different districts of Odisha and undertaking review of various central schemes being implemented in the state, the ruling BJD Saturday said the people will not accept the inspector raj manner" of the central government. While five central ministers reached Odisha on Friday, two others did so on Saturday. The cudgels for BJD was taken up by party MLA Sashibhusan Behera, who hit back at the comment made by Union Minister of State for Home Nityananda Rai during his visit to Cuttack on Saturday. Speaking at a press conference in Cuttack, Rai said It appears that the benefits of different central schemes are not reaching the beneficiaries as desired. The state government's inept handlings of central schemes are indicated". Countering the comment, Behera said It is not proper on the part of union ministers to behave in an inspector raj manner. The people of Odisha will not accept it as they know how the state government has been implementing the ...

Will introduce mechanism to regulate social media, govt tells Delhi HC

The court said it wanted to understand the impact of any new regime on the cases before it

'Times are changing': PM Modi expresses vision in Council of Ministers meet

"Times are changing and so is the politics. Therefore with the changing times the policy-making of any government needs to be people-centric," the sources quoted PM Modi as saying to his colleagues

Tech firms, telcos in India urge central govt to control internet shutdowns

The government in 2019 had said emergency internet shutdowns were a matter for states in the interest of law and order

Govt asks Sebi to ease public shareholding norms for IDBI Bank: Report

The Centre has reached out to Sebi seeking a relaxation period of two years in the minimum public shareholding norms for IDBI Bank after its privatisation

Govt won't sponsor roads sector InvITs; plans to bring retail investment

InvITs are collective investment vehicles that allow direct investments from individual and institutional investors in infrastructure projects, and give them a small portion of the income in returns