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 companies. The total amount invested by EPFO in ETFs as on September, 2019 is Rs. 86,966 crore. The Central Board of Trustees (CBT), Employees’ ...
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Government to set up National Company Law Appellate Tribunal Bench in Chennai
In pursuance of judgement of Hon’ble Supreme Court, the Government has decided to set up a bench of National Company Law Appellate Tribunal (NCLAT) at Chennai. This was stated by Shri Anurag Singh Thakur, Union Minister for State for Finance & Corporate Affairs, in a written reply to a question in Lok Sabha today. Benches of National Company Law Tribunal ...
Read More »MCA filed 11,082 prosecutions for non-filling of statement of accounts by Companies
As per the provisions of the Companies Act, prosecutions are filed by the Ministry of Corporate Affairs (MCA) through Registrar of Companies against such companies which have not filed Financial Statements from time to time and there are 11,082 number of prosecutions filed by the MCA during the said period for non-filing of financial statements. This was stated by Shri ...
Read More »Exploration of 37 and drilling of 121 non-CIL coal blocks this year; Country to produce810 MT of coal in FY 20 : Shri Pralhad Joshi
The government has planned exploration of 37 coal blocks and 10 lignite blocks along with drilling of 121 coal blocks and one lignite block in the current fiscal in addition to exploration and drilling of coal blocks allocated to state-run Coal India Limited (CIL) informed the Coal Minister Shri Pralhad Joshi to the Parliament on Monday. “Exploration of Non-Coal India ...
Read More »Allocation of Power to States
Details of power generation from fuel sources (Thermal, Hydro & Nuclear) of 25 MW and above by the Central Generating Stations in the country during the last three years and current year i.e. from 2016-17 to 2019-20 (up to October, 2019) is given at Annexure-I. Also, details of Renewable Energy Generation data of Central ...
Read More »World Class Railway Stations
Ministry of Railways have planned for redevelopment of railway stations through Indian Railway Stations Development Corporation Limited (IRSDC), Rail Land Development Authority (RLDA) and other Central Government agencies. All major stations on Indian Railways have been entrusted to these agencies for undertaking the techno-economic feasibility studies. Based on the outcome of the feasibility studies the stations are planned to be ...
Read More »Facilities for New Start-Ups
Startup India Initiative was launched on 16th January 2016. The Startup India Action Plan with 19 Action Points intends to build a strong eco-system for nurturing innovation and startups in the country that will drive sustainable economic growth and generate large scale employment opportunities. The Action Plan is divided across the following areas: Simplification and Handholding Funding Support and Incentives ...
Read More »Tax Exemptions to Indian Exporters
In the current Goods and Services Tax regime, exports are zero rated to ensure that the goods produced in India for exports are not disadvantaged due to the domestic tax burden and stay competitive internationally. Further, Under the Foreign Trade Policy, Duty Exemptions Schemes ensure that inputs imported/locally procured for use in the export products are either exempt from duties ...
Read More »Industrial Corridors
Government of India has approved the development of following five industrial corridor projects to be implemented through National Industrial Corridor Development and Implementation Trust (NICDIT): S.No. Industrial Corridor States 1 Delhi Mumbai Industrial Corridor (DMIC) Uttar Pradesh, Haryana, Rajasthan, Madhya Pradesh, Gujarat, Maharashtra 2 Amritsar Kolkata Industrial Corridor (AKIC) Punjab, Haryana, Uttar Pradesh, Uttarakhand, Bihar, Jharkhand, West Bengal 3 Chennai ...
Read More »India – E29 are Beacons of Growth in a Slowing World; E29 gateway for Indian Products to Europe: Piyush Goyal
India and the countries of the Europe 29 region are beacons of growth in a slowing world. This was stated by Mr. Piyush Goyal, Minister of Commerce & Industry and Railways at the India – Europe 29 Business Forum has been organized by the Ministry of External Affairs, Government of India and Confederation of Indian Industry (CII) in New Delhi ...
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