Thursday, August 22, 2013

Rogers Cup 2013

Rafael Nadal of Spain defeated Canada’s Milos Raonic  in the final of the men’s Rogers Cup 2013 in Montreal, Canada to win it for the third time. With this win Rafael Nadal moves to third rank in ATP(Association of Tennis Professionals) world rankings. 

Thursday, August 8, 2013

New Companies Bill passed in RS: Key highlights

The New Companies Bill was finally passed in Rajya Sabha today, making it mandatory for profit making companies to spend on activities related to Corporate Social Responsibility (CSR).

With the new legislation, India would possibly become the first country to have Corporate Social Responsibility (CSR) spending through a statutory provision.

The Bill, aimed at enhancing corporate governance, also contains provisions to strengthen regulations for corporates as well as auditing firms and promises  to ensure  an equitable and sustainable growth of the country.

Presenting the bill in Parliament, Corporate Affairs Minister Sachin Pilot termed the passage of the Bill as a new era for corporate law and regulation in Indian economy and said this is a ‘historic moment for the country.”

Worth reading