Amitav Ranjan


Govt tells PSUs: Have to pay dividend, borrow to fund expansion costs
Tue, Nov 21, 2017

IRCTC, Rail Vikas Nigam Ltd and Goa Shipyard Limited were told last month to pay “maximum permissible dividend (100 percent of profit after tax) as dividend” as there was “enough scope to leverage its net worth to meet their investment requirements”.

‘Exploration activities of OIL, ONGC to be cleared by DGH’
Fri, Nov 17, 2017

A ministry’s order of August 2017 directs both NOCs to submit to the DGH all data relating to drilling activities for each petroleum exploration license (PEL) and petroleum mining license (PML) in fields given to them through nomination.

Directors’ disqualification only from defaulting firms, Corporate Affairs Ministry clarification soon
Mon, Nov 06, 2017

Last September, the ministry issued a statement saying that it had identified 1,06,578 directors of companies that did not file their financial statements for three straight years.

Oil & gas: Govt may hand over majority stake in 15 PSU-run fields to pvt firms
Fri, Oct 27, 2017

Partner selected for production enhancement shall acquire 60% of farm-in interest in field: DGH draft policy paper.

OMCs hike penalty on fuel pumps for short delivery
Wed, Oct 04, 2017

Higher fine for running automated pumps on manual modes sans permission.

PetrolMin for bringing errant OMC officers under revised MDG rules
Thu, Sep 28, 2017

In a Sept 13 meeting to assess progress on curbing tampering of meters, the ministry pulled up OMCs for keeping its executives out of the ambit of the punishments for any wrongdoing.

Ministry wants ONGC chief for just a year, with quarterly review
Wed, Sep 20, 2017

Nearly 30 candidates had applied for the ONGC top job in May and the PESB shortlisted nine, none from the private sector.

MCA21 registration: Law Ministry asks Centre to defer making Aadhaar compulsory
Tue, Sep 19, 2017

It suggested the postponement of mandatory linking of Aadhaar “to avoid any controversy which may lead to embarrassment from the concerned quarters”.

Sebi may ease minimum holding requirement for REITs, InvITs in special purpose vehicle
Mon, Sep 18, 2017

Sebi on Monday may also look to approve a proposal where a REIT or InvIT can raise debt capital by issuing bonds. Sebi is also expected to do away with the mandatory requirement for a REIT to hold at least two projects.

Board Meeting today: Sebi likely to raise monetary fine for capital market-related offences
Mon, Sep 18, 2017

Proposal on recommendation of management consulting firm Oliver Wyman

Posting Aadhaar of directors: Ministry has second thoughts
Thu, Sep 07, 2017

Last April, the Ministry of Corporate Affairs (MoCA) had asked individual stakeholders to obtain Aadhaar to weed out bogus entities and identify shell companies suspected to be used for laundering illicit funds.

Ahead of DBT roll-out next January, centre plans to double dealers’ commission on urea
Thu, Sep 07, 2017

While the national exchequer would contribute Rs 113 per tonne, urea producers would have to forgo Rs 107 per tonne as the incentive given to manufacturers for neem coating the fertilizer would be brought down to Rs 161 per tonne from the existing Rs 268 per tonne.

MCA proposes to halve CCI member strength to three
Wed, Aug 23, 2017

Last March, MCA notified that March 2016 exemption for seeking CCI approval would apply to mergers and acquisitions.

Government plan to publicise ‘pro-poor’ measures
Mon, Aug 21, 2017

According to sources, Sushma’s August 16 letter to the ministers said the objective behind the PM’s drive is to put these numbers together before the people through BJP party workers.

FertiliserMin set to approach CCEA for closure of HFCL’s Haldia unit
Thu, Aug 17, 2017

The Haldia closure decision comes just three months after fertiliser minister Ananth Kumar promised the revival of all closed fertiliser projects under a two-pronged strategy to realise Prime Minister Narendra Modi’s vision of ‘Fertilizer Security for Food Security’.

Tata docomo case: Transaction violated FEMA, challenge payout in SC, says ED
Tue, Aug 15, 2017

The ED has argued that the share price agreed to be paid by Tata Sons at Rs 58 per share was much higher than the fair market value of Rs 23.34 per share on 10 November, 2014 — the date when Tata Teleservices applied for RBI approval for making the payment to DoCoMo.

Financial Data Management Centre: Law Minister clears body for collection of financial data
Thu, Aug 10, 2017

In order to facilitate FDMC functioning, it also seeks “consequential amendments” in the RBI Act, Banking Regulation Act and the Payment and Settlement Systems Act as their confidentiality clauses do not allow access to raw data.

Refinery project: Navratna EIL under probe for contract to Dubai company
Fri, Aug 04, 2017

EIL chairman and managing director Sanjay Gupta tried to close the issue saying that there had been “no supplementary” from the IEM “to settle the matter”.

Sports Ministry lays ground for making online betting legal
Sun, Jul 16, 2017

The Sports Ministry has begun the groundwork to frame a legislation to legalise online sports betting in India. According to a ministry official, informal consultations have already been held with various stakeholders in the government. However, it may take at least two years for the ministry to prepare a draft.

DoPT asked to prepare proposal on lateral entry into civil services
Fri, Jul 14, 2017

Sources said instructions have come from the Prime Minister’s Office to prepare a broad outline of modalities for selecting private individuals for appointment in the ranks of deputy secretary, director and joint secretary.

Government aims high in bid to make India a sporting nation
Fri, Jul 14, 2017

From grooming 1,000 athletes for the 2028 Olympics to making sports compulsory at schools and hosting major international events, these are some of the key points that feature in an action taken report on the recommendations of a group of secretaries recently

Govt for January 1 rollout of fertiliser DBT despite ministry raising red flag
Fri, Jul 07, 2017

Sources said this deadline was conveyed by the Cabinet Secretariat last month and could be aimed at dovetailing the subsidy payout with the government’s plan to align the financial continued on year with the calendar year

After private players criticise, Coal Ministry plans reverse auction
Sat, Jun 24, 2017

The government plans to bid out 30 million tonnes of reserves in the first phase to augment coal production beyond the target of one billion in 2020 set by Coal India plus the enhanced production expected from the coal blocks allotted or auctioned for captive end use.

PMO had sought attendance of secretarys
Thu, Jun 22, 2017

The PMO instruction, conveyed verbally, asked for biometric attendance record for the months of April and May — including hours spent, if any, at work on weekends and holidays. The report had to be sent in sealed cover, sources said.

For Sardar Patel statue, oil PSUs are ‘directed’ to pay Rs 200 crore
Tue, Jun 06, 2017

The agenda paper shows that 14 state-run Gujarat companies had extended Rs 104.88 crore as financial support for the project.

Pump Chip ‘Scam’: Petroleum Ministry directs OMCs to conduct surprise raids
Thu, Jun 01, 2017

Last month, a Special Task Force in Uttar Pradesh unearthed a scam in which several petrol pumps were found using remote control-linked electronic chips in their fuel dispensing machines

Oil ministry to its PSUs: Give details of perks, foreign trips of officials
Mon, May 08, 2017

Pradhan’s move follows complaints received from the Central Vigilance Commission and the Cabinet Secretariat.

Centre plans to parachute 9 IAS officers to Yogi office
Fri, Apr 28, 2017

Sources said that of the nine, two had expressed their inability to move back to the state due to personal reasons.

No court appearance without paying 20% of disputed amount
Tue, Apr 25, 2017

Presently, there is no mandatory deposit by a defaulter while contesting the charges in any trial court or raising an appeal before the appellate court.

Centre to stop campus hiring by PSUs, banks; says selection process violated Constitution
Sat, Apr 15, 2017

The recruitments were stopped after the High Court stayed the process following a petition in 2014 seeking a ban on PSUs opting for campus placement at premium or private colleges, thereby excluding students from government institutes.

Conviction for cheque bounce: Govt plans making 50 per cent fine deposit mandatory for appeals
Wed, Apr 12, 2017

The appellate court could waive the pre-deposit “in an appropriate case” but would have to provide reasons for the exemption in writing

Motor Vehicles Act made more stringent: Five-fold increase in drunk driving fine, jail up to 10 years for causing death
Sun, Apr 02, 2017

In case of death, ministry wants driver booked for culpable homicide

Rising Iran-US tensions: Govt asks Indian firms to go slow on Chabahar projects
Wed, Mar 29, 2017

The MEA has told the Department of Fertilisers that it “must wait for some time before taking any further decision”.

Govt plans to ease coastal rules, allow land reclamation for commercial use
Wed, Mar 22, 2017

The new order, to be called Marine and Coastal Regulation Zone (MCRZ) notification, is likely to be issued soon

Investment via NIIF fails to start on Law Ministry concern
Tue, Mar 21, 2017

The fear is that too much concentration of investing power with legal exemptions to the investment manager may lead to favouritism and fraudulence

‘Illegal’ conversion of `500, `1,000 notes: I-T dept starts countrywide raids against petrol pump owners, LPG distributors
Sat, Mar 18, 2017

According to officials, “surveys” -- not raids -- have been conducted throughout the country at petrol and LPG pumps since March 6