Daily Updates and News

Miscellaneous Laws/News

TCS recognised as UK's top employer

India's Tata Consultancy Services   , a leading global IT, consulting and business solutions firm, today said it has been recognised as the UK's top employer by a certification body for the second time in a row. TCS is one of just 70 employers to receive a Top Employers accreditation by the Top Employers Institute based on in-depth research into nine core HR criteria: talent strategy, workforce planning, on-boarding, learning and development, performance     [….] Read more at:

http://www.moneycontrol.com/news/business/tcs-recognised-as-uks-top-employer_5489841.html?utm_source=ref_article

Nalco to invest Rs 20,550 cr for expansion of alumina refinery

Odisha-based Navratna PSE Nalco has announced investment of Rs 20,550 crore for expansion of its alumina refinery at Damanjodi and setting up an aluminium park at Angul in the state. "Since the entire value chain of Nalco, starting from bauxite mining to aluminium making is based in Odisha, our major focus is to strengthen the investment climate of the state thereby boosting Odisha's industrial upsurge," said T K Chand, CMD, Navratna PSE Nalco. Claiming that Nalco played a     [….] Read more at:

http://www.moneycontrol.com/news/business/nalco-to-invest-rs-20550-cr-for-expansionalumina-refinery_5487721.html?utm_source=ref_article

23 dead as missiles hit three hospitals, school in Syrian towns

At least 23 civilians were killed when missiles hit three hospitals and a school in rebel-held Syrian towns on Monday, residents said, as Russian-backed Syrian troops intensified their push toward the rebel stronghold of Aleppo. Fourteen people were killed in the town of Azaz near the Turkish border when missiles slammed into a school sheltering families fleeing the offensive and the children's hospital, two residents and a medic said. Bombs also hit another refugee shelter south of the     [….] Read more at:

http://www.moneycontrol.com/news/world-news/23-dead-as-missiles-hit-three-hospitals-schoolsyrian-towns_5488941.html?utm_source=ref_article

Govt mulls community service, skills training for juvenile

Seeking to ensure that juvenile offenders grow up to become better citizens, the government has decided to involve them in community service and impart skills-based training to them. Through the initiative under the Juvenile Justice Act, the Women and Child Development Ministry aims to bring comprehensive reform in the framework for providing better care and protection to children in conflict with the law. The plan was mooted amid reports of radicalisation of the juvenile convict in     [….] Read more at:

http://www.moneycontrol.com/news/current-affairs/govt-mulls-community-service-skills-training-for-juvenile_5489621.html?utm_source=ref_article

Will sign MoU at Make In India for Chakan Phase II invst: M&M

Make in India is a great initiative but there is need to do lot more at industry as well as government level to globalise India, said Pawan Goenka, executive director at Mahindra & Mahindra  (M&M) in an interview to CNBC-TV18 on the sidelines of the ongoing Make in India event. "Make in India is the most exciting initiative taken by the government of India," Goenka said, while also pointing out that companies’ like M&M have already been making in India. He pointed out that investme    [….] Read more at:

http://www.moneycontrol.com/news/business/will-sign-mou-at-makeindia-for-chakan-phase-ii-invst-mm_5477321.html?utm_source=ref_article

Economy & News

India may export 10 lakh tonnes rice to Indonesia, valued at Rs 3,300 crore 

India is in talks with Indonesia to export 10 lakh tonnes of rice valued at Rs 3,300 crore as the island nation is expecting fall in production. "Indonesia is expecting a fall in rice production this year and looking to import rice. Indonesia has started the negotiation process," a source told PTI. Rice is a staple food of Indonesia and it had imported rice last year as well. "Though no final decision has yet been taken over the price, but the economic cost to the government for the 10 lakh tonnes rice is     [….] Read more at:

http://economictimes.indiatimes.com/articleshow/50998647.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

FIPB clears 10 FDI proposals worth Rs 607 crore 

Government has approved 10 foreign investment proposals involving an inflow of Rs 607 crore including Rs 400 crore of Alstom Manufacturing India. Alstom Manufacturing India Ltd had sought an approval to hold equity and arrange finance for its downstream investment company Electric Locomotive Company to be set up in Madhepura (Bihar), the Finance Ministry said in a statement today. "Based on the recommendations of Foreign Investment Promotion Board in its    [….] Read more at:

http://economictimes.indiatimes.com/articleshow/50999386.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

Business transactions in GIFT City to cross $1 billion by June 

GIFT City today said the business transactions from its International Financial Services Centre (IFSC) will cross USD 1 billion by June and business of more than USD 100 million has already happened so far. "IFSC at Gujarat International Finance Tec-City (GIFT) has crossed the USD 100 million business transactions mark. USD 1 billion business is expected to be crossed in next 3-4 months," GIFT Company said in a statement. "Another dozen plus banks and insurance players are     [….] Read more at:

http://economictimes.indiatimes.com/articleshow/50999142.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

MSMEs critical for the Indian economy: Raghuram Rajan 

Medium and Small Enterprises (MSME) are critical to economic development and a 'level playing field' should be ensured for them, RBI Governor Raghuram Rajan today said. "We need to create many more jobs and that is one of the most important things in the country in the coming years. MSMEs are very important source of job creation," he said at a India MSME Summit here. Job creation really takes off not when they are small, but when they grow, he said, adding that it is important to     [….] Read more at:

http://economictimes.indiatimes.com/articleshow/50999338.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

Wheat output may rise 8.42% to 94 MT in 2015-16 

Wheat output in India, the world's second biggest grower, is expected to rise by 8.42 per cent to 93.82 million tonnes in the 2015-16 crop year despite facing drought and warmer winter. In the 2014-15 crop year (July-June), wheat output had fallen to 86.53 million tonnes (MT) due to deficit rain and unseasonal weather conditions. Last year's wheat output has been revised further down by 2.41 MT in final estimates. This year's wheat production is, however, likely to be lower than the record 95.85     [….] Read more at:

http://economictimes.indiatimes.com/articleshow/50999281.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

Make in India Week: New crude import policy for spot buys soon, says Dharmendra Pradhan 

Oil Ministry will soon come up with a Cabinet note on new crude import policy for spot crude purchases by state-owned refiners, doing away with the long-followed tendering process, Minister Dharmendra Pradhan said here today. He said new crude import policy will enable the state-run oil refiners to have a common procurement system which will help get better prices, which in turn will bring down cost for end-consumers. "Soon, we will be moving a Cabinet note on crude import policy,"    [….] Read more at:

http://economictimes.indiatimes.com/articleshow/50999175.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst





Thanks & Regards,
Meetesh Shiroya