(ID-NBFCS) to Issue Secured Debentures
19 06 2014
Infrastructure Finance Companies and Infrastructure Debt Fund
Non-Banking Financial Companies (ID-NBFCS) to Issue Secured Debentures
The Ministry has decided to allow Infrastructure Finance companies and Infrastructure Debt Fund Non-Banking Financial Companies (ID-NBFCs) to issue secured debentures for a period up to thirty years. Similarly, Housing Finance companies have been allowed relaxed terms for maintaining Debenture Redemption Reserve on lines similar to NBFCs registered with RBIs. Necessary amendments in Rules have been notified.It has also been clarified that an independent Merchant Banker who is registered with SEBI or an independent Chartered Accountant in practice having a minimum experience of ten years may be engaged by companies for preparing valuation reports required before making preferential allotment of shares.
The relevant notification is available on the Ministry’s website at http://www.mca.gov.in
The Ministry has decided to allow Infrastructure Finance companies and Infrastructure Debt Fund Non-Banking Financial Companies (ID-NBFCs) to issue secured debentures for a period up to thirty years. Similarly, Housing Finance companies have been allowed relaxed terms for maintaining Debenture Redemption Reserve on lines similar to NBFCs registered with RBIs. Necessary amendments in Rules have been notified.It has also been clarified that an independent Merchant Banker who is registered with SEBI or an independent Chartered Accountant in practice having a minimum experience of ten years may be engaged by companies for preparing valuation reports required before making preferential allotment of shares.
The relevant notification is available on the Ministry’s website at http://www.mca.gov.in
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Categories : Finnance, Funds, Uncategorized
FAO India Head Calls on Agriculture Minister,
19 06 2014
Peter Kenmore, FAO Representative in India called on the
Agriculture Minister Shri Radha Mohan Singh here today to apprise him of
the work done by FAO globally, and in India towards ensuring food
security, price stability, family farming and responsible agriculture
especially in the context of challenges on account of climate change.Mr
Kenmore also discussed the international programmes and interventions of
FAO, especially in locust control, management of diseases like avian
flu, mapping of resources of oceans, forests and global Commons. He
lauded the efforts of India in extending support to global partnership
sin agriculture and food security.
Agriculture Minster discussed India`s new agriculture development policy with renewed focus on marginal and small farmers, micro irrigation, soil health cards and access to credit. He was happy to note that FAO was marking the current year as the International Year of Family Farming. This was specially relevant in the context of production system in India, which was predominantly based on family farms. Drawing upon his personal experiences as a farmer, he expressed his appreciation of FAO`s micro level interventions like the Ajeevika project. He expressed the hope that India and FAO will work together for the food security, not just of India, but also of the entire region, and the world.
Peter Kenmore presented FAO publications and a poster on INM/IPM practices to the Agriculture Minister.
Agriculture Minster discussed India`s new agriculture development policy with renewed focus on marginal and small farmers, micro irrigation, soil health cards and access to credit. He was happy to note that FAO was marking the current year as the International Year of Family Farming. This was specially relevant in the context of production system in India, which was predominantly based on family farms. Drawing upon his personal experiences as a farmer, he expressed his appreciation of FAO`s micro level interventions like the Ajeevika project. He expressed the hope that India and FAO will work together for the food security, not just of India, but also of the entire region, and the world.
Peter Kenmore presented FAO publications and a poster on INM/IPM practices to the Agriculture Minister.
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Categories : Agri, health, Uncategorized
Reconstitution of Cabinet Committees
19 06 2014
Reconstitution of Cabinet Committees
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The Government has reconstituted six Committees of the Cabinet i.e. Appointments Committee of the Cabinet, Cabinet Committee on Accommodation, Cabinet Committee on Economic Affairs, Cabinet Committee on Parliamentary Affairs, Cabinet Committee on Political Affairs and Cabinet Committee on Security. The members are as follows:-
Composition Prime Minister. Minister of Home Affairs.
Composition Shri Raj Nath Singh, Minister of Home Affairs. Shri Arun Jaitley, Minister of Finance; Minister of Corporate Affairs; and Minister of Defence. Shri M. Venkaiah Naidu, Minister of Urban Development; Minister of Housing and Urban Poverty Alleviation; and Minister of Parliamentary Affairs. Shri Nitin Jairam Gadkari, Minister of Road Transport and Highways; Minister of Shipping; Minister of Rural Development; Minister of Panchayati Raj; and Minister of Drinking Water and Sanitation.
Composition Prime Minister. Shri Raj Nath Singh, Minister of Home Affairs. Smt. Sushma Swaraj, Minister of External Affairs; and Minister of Overseas Indian Affairs. Shri Arun Jaitley, Minister of Finance; Minister of Corporate Affairs; and Minister of Defence. Shri M. Venkaiah Naidu, Minister of Urban Development; Minister of Housing and Urban Poverty Alleviation; and Minister of Parliamentary Affairs. Shri Nitin Jairam Gadkari, Minister of Road Transport and Highways; Minister of Shipping; Minister of Rural Development; Minister of Panchayati Raj; and Minister of Drinking Water and Sanitation. Shri D.V. Sadananda Gowda, Minister of Railways. Shri Ravi Shankar Prasad, Minister of Communications and Information Technology; and Minister of Law and Justice. Shri Ashok Gajapathi Raju Pusapati, Minister of Civil Aviation. Smt. Harsimrat Kaur Badal, Minister of Food Processing Industries. Shri Radha Mohan Singh, Minister of Agriculture. Special Invitees Shri Dharmendra Pradhan, Minister of State (Independent Charge) of the Ministry of Petroleum and Natural Gas. Shri Piyush Goyal, Minister of State (Independent Charge) of the Ministry of Power; Minister of State (Independent Charge) of the Ministry of Coal and Minister of State (Independent Charge) of the Ministry of New and Renewable Energy. Smt. Nirmala Sitharaman, Minister of State (Independent Charge) of the Ministry of Commerce and Industry; Minister of State in the Ministry of Finance and Minister of State in the Ministry of Corporate Affairs.
Composition Shri Raj Nath Singh, Minister of Home Affairs. Smt. Sushma Swaraj, Minister of External Affairs; and Minister of Overseas Indian Affairs. Shri Arun Jaitley, Minister of Finance; Minister of Corporate Affairs and Minister of Defence. Shri M. Venkaiah Naidu, Minister of Urban Development; Minister of Housing and Urban Poverty Alleviation and Minister of Parliamentary Affairs. Dr. Najma A. Heptulla, Minister of Minority Affairs. Shri Ramvilas Paswan, Minister of Consumer Affairs, Food and Public Distribution. Shri Ananthkumar, Minister of Chemicals and Fertilizers. Shri Ravi Shankar Prasad, Minister of Communications and Information Technology; and Minister of Law and Justice. Special Invitees Smt. Smriti Zubin Irani, Minister of Human Resource Development. Shri Santosh Kumar Gangwar, Minister of State (Independent Charge) of the Ministry of Textiles; Minister of State in the Ministry of Parliamentary Affairs and Minister of State in the Ministry of Water Resources, River Development and Ganga Rejuvenation. Shri Prakash Javadekar, Minister of State (Independent Charge) of the Ministry of Information and Broadcasting; Minister of State (Independent Charge) of the Ministry of Environment, Forest and Climate Change; and Minister of State in the Ministry of Parliamentary Affairs.
Composition Prime Minister. Shri Raj Nath Singh, Minister of Home Affairs. Smt Sushma Swaraj, Minister of External Affairs; and Minister of Overseas Indian Affairs. Shri Arun Jaitley, Minister of Finance; Minister of Corporate Affairs; and Minister of Defence. Shri M. Venkaiah Naidu, Minister of Urban Development; Minister of Housing and Urban Poverty Alleviation; and Minister of Parliamentary Affairs. Shri Nitin Jairam Gadkari, Minister of Road Transport and Highways; Minister of Shipping; Minister of Rural Development; Minister of Panchayati Raj; and Minister of Drinking Water and Sanitation. Shri Ramvilas Paswan, Minister of Consumer Affairs, Food and Public Distribution. Shri Ravi Shankar Prasad, Minister of Communications and Information Technology; and Minister of Law and Justice. Shri Ashok Gajapathi Raju Pusapati, Minister of Civil Aviation. Shri Anant Geete, Minister of Heavy Industries and Public Enterprises. Smt. Harsimrat Kaur Badal, Minister of Food Processing Industries.
Composition Prime Minister. Shri Raj Nath Singh, Minister of Home Affairs. Smt. Sushma Swaraj, Minister of External Affairs; and Minister of Overseas Indian Affairs. Shri Arun Jaitley, Minister of Finance; Minister of Corporate Affairs; and Minister of Defence. |
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Categories : Uncategorized
TRAI holds Open House Discussion on MWA, MWB RD Carriers”
19 06 2014 TRAI holds Open House Discussion on “Allocation and Pricing of Microwave Access (MWA) and Microwave Backbone (MWB) RD Carriers”Telecom Regulatory Authority of India (TRAI) today held an Open House Discussion on Allocation and Pricing of Microwave Access(MWA) and Microwave Backbone (WB) RF Carriers. The meeting was chaired by Shri R.K.Arnold, Member, TRAI. Some of the stakeholders that have earlier sent written comments aired their comments and suggestions. Representatives from Cellullar Association of India (CAI), BhartiAirtel, Idea Cellular Ltd., Relilance Communications Ltd., Sistema Shyam Teleservices Ltd., Tata Teleservices Ltd., and Vodafone etc. amongst others presented their comments during the Open House Consultations. The comments and counter-comments received earlier have been placed on the website of TRAI as part of its Consultation Paper dated 28th March, 2014, Most of the stakeholders substantiated and furthered their comments that they have already been submitted in written by them.
The consultation process was initiated after Department of Telecommunications requested the Authority in November, 2012 to furnish its recommendations for “Allocation and pricing of Microwave Access (MWA) and Microwave Backbone (MWB) RF carriers” in terms of clause 11(1) of the TRAI Act 1997 as amended. TRAI has prepared this consultation paper raising specific issues for consideration of stakeholders viz. number of microwave carriers need to be assigned to TSPs in case of 2G, 3G and BWA technologies, preferred mechanism of assignment of MWA/MWB carriers to the TSPs, i.e., ‘exclusive basis assignment’ or ‘link-to-link based assignment, administrative assignment or assignment through auction, criteria for allocation of additional carriers, pricing mechanism for carriers exploration of options for assignment of MWA carriers in all the spectrum bands in 6-42 GHz range and assignment of MWA carriers in higher frequency bands viz. E-band and V-band. The paper has been placed on TRAI’s website www.trai.gov.in.
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