Government approves more amendments to companies law
As many as 72 changes to the Companies Act 2013 have been approved by the Cabinet. Briefing reporters, Corporate Affairs Minister Nirmala Sitharaman said the priority is to "decriminalise" provisions in the Act. Sitharaman, who is also the Finance Minister, said the Cabinet has approved 72 changes to the Act.
No unnecessary action against independent directors without strong evidence of wrong doing: MCA
Against the backdrop of instances of independent and non-executive directors coming under the scanner for alleged corporate misdoings, the ministry has sent out a circular to its Regional Directors, Registrars of Companies and official liquidators with respect to prosecution proceedings. Any such proceedings must be initiated after receiving due sanction from the ministry.
Government may fall short of its skill development goal of training one crore youth
Under the PMKVY-2.0, launched in October 2016, ministry had targeted to impart skill training to one crore youth for over four years (2016-20). Out of this, 60,00,000 was the target under short-term training while 40,00,000 was the target under the recognition of prior learning (RPL) component for 2016-20.
Would like to see NRIs invest in big way in India, steps will be taken to facilitate it: S Jaishankar
Jaishankar, while interacting with NRIs in Australia, Surinam, the US, Singapore, Quatar, Malaysia, the UK and Mauritius through video conferencing on the occasion of Pravasi Bharatiya Divas, also said he would find a practical solution to the issue of tracing of roots for non-resident Indians (NRIs) and persons of Indian origin (PIOs).
Housing for all: HC proposes ban on NRIs from buying houses in India
The court has directed them to answer a series of questions including as to how many families have basic amenity of housing in India as well as in Tamil Nadu, population and housing ratio in the country and in the state, when 'Housing for All' mission of the central government would be achieved.
