Draft IIM Bill 2015 – Comments invited

The proposed IIM Bill 2015 proposes to grant statutory status to thirteen existing Indian Institutes of Management (IIMs) at Ahmedabad, Kolkata, Bengaluru, Lucknow, Indore, Kozhikode, Shillong, Raipur, Ranchi, Rohtak, Kashipur, Tiruchirapalli and Udaipur, and declare them as Institutions of National Importance, to enable them to grant degrees to their students in the academic courses conducted…

Proposal to promulgate the Negotiable Instruments (Amendment) Ordinance, 2015

The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, has given its approval for the proposal to promulgate the Negotiable Instruments (Amendment) Ordinance, 2015.  The proposed amendments to the Negotiable Instruments Act, 1881 (“The NI Act”) are focused on clarifying the jurisdiction related issues for filing cases for offence committed under section 138…

Indirect Tax Revenue (Provisional) Collections Increase From Rs. 36,408 Crore in May 2014 to Rs. 49,993 Crore During May 2015

An Increase of 37.3 % Registered During the Month of May 2015 over the Corresponding Period in the Previous Year; Central Excise Collections Registered an Increase of 84.2%; Customs Collections Registered an Increase of 16% While Service Tax Collections Registered an Increase of 13.2% During the Same Period;  FM: The Underlying Momentum in the Economy is Improving…