Other Briefings
Corporate Social Responsibility not Mandatory by Government of India
Sept. 9 – It is not compulsory for every company to have a policy for Corporate Social Responsibility (CSR) according to the Government of India. Though, the Department of Public Enterprises has issued inclusive CSR guidelines for Central Public Sector Enterprises in April, 2010 wherein these enterprises, except those making a loss, have to mandatorily […]
RBI Conducts Inflation Expectation Survey
Sept. 2 – The Reserve Bank of India has been carrying out Inflation Expectation Surveys of Households (IESH) on a quarterly basis since September 2005. The 25th round of the survey with July-September 2011 as the present indication period has been launched. The survey looks for qualitative responses from households on price changes (general prices […]
Foreign Company Statistics by State
Aug. 29 – The Minister of State in the Ministry of Corporate Affairs informed the lower house in India that 820 foreign companies have been registered in the last three years. During that time, the government has received Rs. 6.91 crore, Rs. 9.56 crore and Rs. 8.24 crore respectively, by way of filing/registration charges. The […]
India’s LLP Statistics by State
Aug. 24 – India’s Limited Liability Partnership (LLP) is an optional corporate business medium that offers the remuneration of limited liability, but allows its members the elasticity of organizing their internal structure as a partnership based on a mutually arrived agreement. Some of the features of LLPs are as follow:
Indian Domestic Demand Halves Iron Ore Exports
Aug. 22 – India’s iron ore exports fell for the first time last year and have further declined as a result of massive domestic demand. A government policy of promoting nationalism in resources is driving down India’s exports of the commodity and is helping to reduce international prices. To assist with getting enough ore into […]
Company Secretary to Verify the Company Information
Aug. 15 – India’s Ministry of Corporate Affairs in General Circular 54/2011 dated July 26, 2011 stated that in each case of winding up procedures, the official liquidator will file an application pleading the court to direct the company’s management to submit prescribed information duly verified by a chartered accountant.
India Sees Strong FDI despite Global Recession Fears
Aug. 12 – Foreign direct investment (FDI) in India increased over 400 percent in June, reaching US$5.65 billion, contrasted to US$1.38 billion in June 2010. According to India’s Department of Industrial Policy and Promotion (DIPP), there has been a sharp increase in inflows due to the fact that several scheduled projects are finally materializing. June […]
Progress Report for India’s SEZs
Aug. 9 – In India, land is the subject matter of state governments and, as such, land for special economic zones (SEZs) is obtained according to the policy and practices of the respective state governments. According to the records available for 381 SEZs, 82.3 percent of land is waste/barren/dry/industrial, 15 percent of land is single […]
