It took almost six decades for India to get a new set of rules for the way companies are set up and regulated, but it took just a few months to again change them with an aim to make it easier to do business in the country. Continue reading
In the past one year complaints from Punjabi NRIs have increased twofold. On the initiative of Deputy Chief Minister Sukhbir Singh Badal, the Punjab Police introduced a NRI wing aimed at achieving fast track results, which received about 8000 complaints this year as opposed to 3,852 complaints the previous year and the establishment of NRI Courts. Continue reading
Former UK judge Sir Bernard Rix, who recently retired as Lord Justice of Appeal with 20 years experience in the Commercial Court and the Court of Appeal in London replaces former Chief Justice of India S P Bharucha as the arbitrator in the KG-D6 cost recovery dispute by Reliance Industries. Bharucha quit after the government challenged his nomination on the grounds that he did not disclose his previous associations with Reliance Industries. Continue reading
Trak.in reports that Ernst and Young through its Fraud Investigation & Dispute Services section conducted a survey on bribery and corruption in India. About 95 percent of those who the survey felt that they had to pay bribes for getting even legitimate work done or to speed up the process. Continue reading
BENGALURU: Several startups coming up in the Indian space sector are feeling hampered by the lack of a legal and regulatory framework that can help support and encourage new ventures. These companies, both early stage ventures and some established private companies that de -velop a range of solutions from frugally built spacecraft to custom-made solutions are looking for support that can help spur innovation and publicprivate partnerships, which can help reduce imports and support growing star rtup activity in the sector. Continue reading
Notching successes in fields as diverse as poetry and politics, some three million- strong Indian American community packed more power and influence far beyond their numbers in the year gone by.
A record 30 Indian Americans jumped into November’s electoral battle with Republican Nikki Haley and Democrat Kamala Harris handily winning back their jobs as South Carolina governor and California’s attorney general respectively. Continue reading
Mumbai: Companies in India are ill-equipped to tackle crimes committed in the virtual world such as e-commerce, social media, cloud computing, virtual and cryptocurrency frauds, the Deloitte India Fraud Survey Report said on Tuesday.
A rise in corporate fraud over the next two years could outpace corporate India’s efforts to mitigate it, the report said. Continue reading
The Supreme Court has strongly decried the increasing corrupt practice, mostly in lower courts of litigants assisted by their lawyers indulging in “bench hunting” or “forum shopping” that is managing to get their cases heard by a particular judge and ensuring a favourable order. Continue reading
Two senior MPs were paid several crore Rupees in undisclosed legal retainer contracts over several years by Reliance Industries, raising questions of transparency and potential for conflict despite being completely legal, reported the UK’s Financial Times on its frontpage this morning. Continue reading