Page-16 of 2012

CAG waits for pending RIL's KG-D6 records

The Comptroller and Auditor General (CAG) has said that it has not been provided with full access to all the documents required for the expenditure audit related to Panna-Mukta-Tapti (PMT) and KG-D6 blocks relating to expenditure for previous years up ..

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Financial crisis forces Deccan Charters to put the entire fleet on sale

Deccan Charters, the air travel company which has been offering charter services to pilgrims and businessmen since 1997, has put its entire fleet of aircraft on sale as it struggles with severe financial crisis. The company is also cutting short ..

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Sudeep Sen, first Indian to address Nobel Laureate Week

Poet Sudeep Sen from Delhi has been invited as a special guest to address the Nobel Laureate Week being held in Saint Lucia, a sovereign island country in the eastern Caribbean Sea. Mr. Sen is the first Indian to be ..

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RBI eases KYC norms, no need of of introduction from an existing customer of the bank for opening of bank accounts

The RBI has eased the burden of producing multiple documents to open a bank account. It has said that banks can accept any of the documents such as Passport, PAN Card, Drivers’ Licence, Aadhaar letter, and NREGA Job Card as ..

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SEBI allows 12 more AIFs

SEBI has allowed 12 entities to establish Alternative Investment Funds (AIFs) for real estate, private equity and hedge funds. The 12 AIFs that have been registered with SEBI since October 10, 2012 include India Realty Fund, Dar Mentorcap Film Fund, ..

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DeiTy (India) to impose its own standard for electronic products

The Department of Electronics and Information Technology (DeiTy) has made it mandatory for all electronics goods manufacturer in the country to get standard compliant certificate from the BIS. Applicable for electronic products imported or manufactured after April 2013. Objective: To ..

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US extends Iran sanction waivers to India, others

The US announced the extension of its waiver exempting nine countries including India, China from the American sanctions regime directed against the Iranian oil trade. India got the waiver as it had significantly reduced the crude export from Iran. Previous ..

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Lok Sabha approves Enforcement of Security Interest and Recovery of Debts Laws (Amendment) Bill, 2011

Lok Sabha approved Enforcement of Security Interest and Recovery of Debts Laws (Amendment) Bill, 2011 which seeks to change the system of debt recovery. The Bill seeks to convert any part of debt of a defaulting company into shares by ..

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