Rainwater harvesting has been adopted by many countries as a viable means to save water. With the increasing population and dependence on water, it becomes pertinent for households to start investing in rain-water harvesting systems (RWH).
Govt, both at the centre and state must take a proactive step towards making it mandatory for buildings and complexes to install Rainwater Harvesting System.
The Union Finance Ministry reviewed the position regarding availability and distribution of all denomination of bank notes. Some of the highlights of the review and the decisions taken are as follows
Limited Liability Partnership (LLP), introduced in 2008, has quickly become a popular legal structure for businesses. A LLP has combined the advantage of partnership and company into a single form of organization. The LLP is also cheaper to incorporate, requires less compliance and can be a smart shift from a tax viewpoint. However, if you're looking to increase venture capital or magnetize talent with employee stock options, private limited is the way to go as LLPs cannot easily accommodate it.
Benefits of Incorporation of One Person Company
Limited Liability- Limited Liability means the status of being legally responsible only to a limited amount of debt of a Company. Unlike proprietorship and partnership, in a limited company the liability of a partner is limited only to the amount of debt i.e. the liability of the partner is limited only to the extent of face value of shares taken by them. Due to which when a company is limited by shares, the liability of members at the time of winding up is limited to the extent of unpaid amount on shares. So, the partner's private property is always safe no matter what is the amount of debt.
Better image and credibility in Market- In India, OPC is a Private Limited Company, which is a admired and accepted structure. Corporate Customers, Vendors and Govt. Agencies choose to deal with Private Limited Company instead of proprietorship firms.
Easy to Sell OPC- An OPC Company is very easy to sell. Less documentation and cost is required.
Easy to Manage and Freedom from Compliances- OPC is one of the simplest forms of corporate entities to control. Very few ROC filing is to be filed with the Registrar of Companies (ROC). No AGM and other secretarial compliances are required.
In order to ensure that iron ore is available at cheap rates, Government of India is considering coming out with a policy, the details of which is expected within a month.
The hosiery industry has urged the government to take steps to reduce the prices of cotton yarn and ensure domestic availability of the raw material by cutting down exports.
In the wake of rise in demand in European markets, the government has said the country's total vehicle export is likely to increase by up to 15 percent in the current fiscal.
The government must take more steps to discourage exports of raw material for the sake of finished clothing products in domestic and export markets, the Apparel Export Promotion Council (AEPC) said Thursday.
The policy has been adopted as the government was receiving representations from various industrial associations for regularising the industrial units which have come up within the controlled areas over the years, a town and country planning department spokesman said.
The government has approved Rs.15,000 crore ($3.34 billion) as capital infusion for public sector banks for the current fiscal and said further assistance for the next fiscal would be decided later in consultation with the banks.
The British government is to cut some 6.2 billion pounds ($9 billion) from its budget this year, in an effort to tackle its national deficit, British Chancellor of the Exchequer George Osborne announced Monday.
British government employees spend nine years less at work than their private sector counterparts in their lifetime but earn 30 percent more, a new study has revealed.
The Comptroller & Auditor General (CAG) on Friday slammed the Maharashtra government for losing nearly Rs.49.99 million (Rs.4.99 crore) in 2008 by not levying entertainment tax on the Indian Premier League (IPL) tourney.
Delivering a knock out punch to the Securities Exchange Board of India (SEBI), the government through a ordinance issued late Friday, has unequivocally declared that unit linked insurance policies (ULIPs) are part of the life insurance business.
Prime Minister Manmohan Singh Tuesday said that the government is committed to supporting the micro, small and medium enterprise (MSME) sector, adding that it is considering a social security fund for the unorganised sector workers in the country.
An industry body Tuesday urged the government to free prices of petrol from it's domain and consider phased wise elimination of subsidy on diesel to help oil companies stop bleeding whose losses on account of continued extension of subsidies on petrol, diesel, LPG and kerosene are likely to exceed Rs.1 lakh crore in current fiscal.
In an effort to contain counterfeiting of Indian currency, the government is planning to set up a directorate of currency (DoC) under the finance ministry to monitor security breaches and review best practices worldwide.
