Regulations
Government for more changes in Companies Act, SEBI rules
New Delhi : More changes might be required in the Companies Act and in the markets regulator Securities and Exchange Board of India (SEBI) regulations for listed companies to strengthen corporate governance, the government said on Tuesday.
 
"There are more changes that might be required in the Companies Act...there are more changes that may be required how SEBI deals with listed entities to strengthen corporate governance," Minister of State for Finance Jayant Sinha said at an event here on corporate governance organised by the Federation of Indian Chambers of Commerce and Industry (Ficci).
 
"We are seeing major changes on corporate governance...major changes in the nature of capitalism. This is well established within the framework we are following being a pro-poor as well as pro-market government," he added.
 
The minister also said the whole process and manner of corporate governance is very important for building businesses.
 
"So governance is going to be very important for us. If we are not able to sustain and follow the best standard of corporate governance it will be very difficult for our corporates to attract investment and talent to build businesses," he said.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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Railways launch take-away bedrolls
New Delhi : Railways Minister Suresh Prabhu has launched a personalised take-away bedrolls scheme, where passengers can take away bedrolls home after their journey.
 
"Initially, the supply would be at Chennai Central Railway Station and Thiruvananthapuram Central Railway Station of Southern Railway. Later, this scheme will be extended to other stations also in the country in phases," an official statement said on Monday.
 
Launched in Chennai's East Tambaram Railway Colony, the scheme comes in two types.
 
One offers a bedroll kit packed in a non-woven fabric bag consisting of one pillow and two cotton bedsheets at Rs.140 The other costing Rs.110 offers a single blanket in a non-woven bag. Both types are inclusive of all taxes.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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COMMENTS

Narendra Doshi

1 year ago

Out of the box thought implemented for a trial.
Well done, Mr. Minister, Prabhuji.

Kanpur Metro rail project to be launched by March
Lucknow : The Metro rail project in Kanpur, the largest industrial city in Uttar Pradesh, would be launched by March while Rs.200 crore has been provided from the Infrastructure Development Fund for the Lucknow Metro rail, an official said on Monday.
 
During a meeting here to review the project, Chief Secretary Alok Ranjan directed state government departments and officials concerned to ensure that all necessary approvals were taken before the state cabinet's next meeting scheduled for February 10, the official said.
 
Ranjan also asked the officials to ensure necessary action for finalising the detailed project reports on metro rails for Varanasi and Agra within 10 days. 
 
Lucknow Metro Rail Corporation Managing Director Kumar Keshav presented a progress report on works scheduled to be completed by December 2016 on the project.
 
Keshav said civil work of two stations and two-km viaduct had been completed as per the set targets whereas work on four stations and a five-km viaduct was targeted to be complete by March 2016. He said all works were going on as per time-schedule. 
 
The last date for submission of bids for the construction of underground metro route from Charbagh to K.D. Singh Babu stadium here is February 11.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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