Author Archives: Joseph Administrator
Franchisie Law In India
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- May, 19, 2015
- Joseph Administrator
- Article
Before we start the discussion on various laws affecting franchising in India it is important to understand what exactly does the term ‘FRANCHISE BUSINESS’ stand for. The word Franchise comes from an old French word meaning privilege/ freedom. Franchise refers to the form of business in which owners, or franchisers, sell the rights to their […]
RIO TINTO-MONGOLIA AGREE $5.4 BILLION DEAL OVER OYU TOLGOI PROJECT, TO BOOST ECONOMY
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- May, 19, 2015
- Joseph Administrator
- Legal Update
Anglo-Australian mining giant Rio Tinto and Mongolia agreed a multi-billion-dollar expansion of a vast copper and gold mine, officials said Tuesday, ending a two-year dispute as Ulan Bator seeks to restore its foreign investor appeal. The deal on the underground second phase of the Oyu Tolgoi project, estimated to cost $5.4 billion, comes with Mongolia […]
Paradigm Shift – Companies Amendment Act 2013 Key Features
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- May, 19, 2015
- Joseph Administrator
- Article
After years of debate, India has its first update of the country’s corporate law in more than 50 years with a view to modernize India’s corporate governance rules. The amendments have been made keeping in view the present day needs of businesses and are likely to improve the terms of doing business in India and […]
Corporate Social Responsibility
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- May, 16, 2015
- Joseph Administrator
- Article
While there is no single globally accepted definition of CSR, each definition that currently exists underpins the impact that businesses have on society at large. Although the roots of CSR lie in philanthropic activities of big corporate houses, globally, the concept of CSR has evolved and now encompasses all related concepts such as corporate citizenship, […]
E-COMMERCE INDUSTRY DEMANDS PARITY IN ONLINE, OFFLINE FDI POLICY
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- May, 14, 2015
- Joseph Administrator
- Legal Update
With the government holding discussions on FDI in e-commerce with various stakeholders, industry today said there should be a parity between online and offline retail policy. Ficci feels that FDI should be allowed in B2C e-commerce with a focus on sourcing from manufacturers and in a phased manner. The idea is to emphasize that there […]
FDI IN INDIA UP 40% TO RS 1.76 LAKH CRORE IN 2014-15
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- May, 14, 2015
- Joseph Administrator
- Legal Update
Foreign direct investment in India grew by about 40 per cent year-on-year to Rs 1.76 lakh crore in 2014-15. In 2013-14, the country had attracted Rs 1.26 lakh crore FDI. During the last fiscal, the Foreign Investment Promotion Board ( FIPB) had received 350 proposals and in 11 meetings and 241 were cleared According to […]
LOWER BUREAUCRACY OBJECTS TO FDI IN INSURANCE, RAILWAYS, AND DEFENCE
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- May, 08, 2015
- Joseph Administrator
- Legal Update
The lower bureaucracy has vehemently objected to the government’s decision for 100% Foreign Direct Investment (FDI) in Railways and 49% FDI in Defence and Insurance, as per minutes of a meeting held in February which are now available in public domain. The meeting on February 25 was chaired by Secretary (Personnel) Sanjay Kothari with senior […]
INDIA, NETHERLANDS REVIEW TIES AHEAD OF DUTCH PM VISIT
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- May, 06, 2015
- Joseph Administrator
- Legal Update
India and the Netherlands have reviewed the entire gamut of bilateral ties, including economic and commercial issues, ahead of the visit of the Dutch Prime Minister to the country in June. The Netherlands remains among the top 20 partners of India in terms of volume of bilateral trade with significant positive balance of trade in […]
NO PROPOSALS UNDER CONSIDERATION TO REVIEW FDI POLICY ON E-COMMERCE
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- Apr, 29, 2015
- Joseph Administrator
- Legal Update
The government today said there is no proposal under consideration to review the foreign direct investment policy on the e-commerce sector. At present, there is no proposal under consideration of the government to review the FDI policy on business to consumer (B2C) e-commerce. Global retail giants like Amazon wants India to relax the foreign investment […]
FOOD PROCESSING SECTOR IS GROWING AT 8.4%
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- Apr, 29, 2015
- Joseph Administrator
- Legal Update
India’s food processing sector is growing at the rate of 8.4 per cent. The food processing industry is one of the major employment intensive segments constituting 13.04 per cent of employment generated in all registered factory sector in 2012-13. 100 per cent Foreign Direct Investment (FDI) is permissible in food processing sector through automatic route […]
