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construction companies: environment ministry eases rules for construction compan


new delhi: the government has eased environmental clearances for buildings and construction sector, with the environment ministry more than doubling the threshold for construction projects requiring environmental clearances from the centre to 50,000 square metres of built-up area from 20,000 sq metres. as a result, developers of an average sized mall with three floors or an apartment complex with 300 three-bedroom flats would be able to start construction with online submission of a self-certification that all environmental obligations would be met. the onus has therefore shifted to urban local bodies in the cities. a developer would fill a form online to the local authority and then a building permit would be issued for construction. so far, this was followed by all projects wit...






coastal road: 11 companies submit qualifications


by: express news service | mumbai | published:april 26, 2017 3:33 amthe brihanmumbai municipal corporation (bmc) has received responses from 11 companies, which have evinced interest in bidding for the rs 15,000-crore coastal road project. after assessing the qualifications, the bmc will now ask the eligible companies to submit their proposals, which will include the estimates.the companies include some prominent names like larsen and toubro, hindustan construction company and reliance as well as international companies like chiana gezhouba group, s.k. engineering and construction, among others. having received the green signal from the ministry of environment and forests, the bmc hopes to finalise the bidder by october this year and start work on the ground before the end of this yea...






union environment ministry has ordered construction of mall be stopped: sushil m


by: pti | patna | published:may 19, 2017 10:10 pm bjp leader sushil modi (express file phot by ravi kanojia)senior bjp leader sushil kumar modi on friday claimed that the union environment ministry has ordered the construction work of a mall being built in patna by a company, in which rjd supremo lalu prasad’s son tejashwi is a director, be stopped. the former bihar deputy chief minister claimed that the union ministry of environment, forest and climate change has ordered the construction of the mall at saguna mor here be stopped as it is “being built without obtaining environmental clearance”.he claimed that in an order dated may 15, the ministry has said, “the project required prior environmental clearance and it is now a case of violation of environment impact assessment no...






govt stops work at lalu prasad’s kin mall site


by: express news service | patna | published:may 20, 2017 3:17 am rjd chief lalu prasadthe union environment ministry has ordered stoppage of construction of an upcoming mall owned by family of rjd chief lalu prasad. the ministry acted on a complaint of the bjp legislature party leader in bihar sushil kumar modi. the company constructing the mall allegedly did not take prior permission from the state environment impact assessment authority, as required for construction over an area of more than two lakh square feet.bjp leader sushil kumar modi said lalu prasad’s family sought environment clearance on april 20, almost a year after the construction got underway. “since the state authority had not stopped the construction, i approached the union ministry, which has now stopped constr...






csr to become mandatory in private sector


ministry of economy announces 11 initiatives to develop a supportive and stimulating environment for companies to invest in csrdubai: the ministry of economy on monday said corporate social responsibility (csr) will become compulsory for all companies in the private sector by the end of 2017.the csr programme is one of six main themes of the uae’s national strategy, which aims to encourage all companies to play a role in charitable and humanitarian work.mohammad ahmad bin abdul aziz al shehhi, undersecretary at the ministry of economy, discussed the national strategy’s 11 initiatives for csr, which were set to develop a supportive and stimulating environment for companies to invest in social responsibility.he said the ministry will announce a minimum percentage which should be annually...






companies law: companies can have only two layers of subsidiaries, says governme


new delhi: corporates can have only two layers of subsidiaries under the companies law, with the government putting in place stricter norms as it continues with the clampdown on illicit fund flows. while the rules would be applicable prospectively, companies that already have more than two layers of subsidiaries have to furnish details about them to the government. banking and non-banking financial companies as well as insurance firms and government companies have been exempted from the restrictions, according to a notification issued by the corporate affairs ministry. the rules, notified after public consultation, came into effect from september 20. it assumes significance against the backdrop of concerns that shell companies are being floated to act as conduits for illicit funding activi






uae: dubai's good times on hold as construction companies feel pain


by ahmed a namatalla and filipe pachecoinvestors in united arab emirates construction stocks can remember the good days - when oil above $100 a barrel encouraged a seemingly endless stream of lucrative projects. now, with crude priced at half that, companies are trying to rebuild their balance sheets. the downturn has translated into pain for investors in two of the largest construction companies in the uae. arabtec holding co has slumped 90 per cent from its may 2014 record, while drake & scull international pjsc is down 78 percent from its june 2014 peak. they took on too much debt as oil earnings prompted gulf cooperation council countries to commission developments, said majd dola, a senior research analyst at abu dhabi-based al ramz capital. "both companies stretched their capacities.






india eases rules to allow merger of indian companies with foreign firms, auto n


new delhi: india will allow local companies to merge with overseas firms, easing rules to help home-grown businesses restructure their expanding global operations, and pave the deck for more listings of securities on capital markets abroad.“until now, only inbound mergers were permitted. with outbound mergers now permissible, there would be a lot of opportunities for indian companies to acquire, restructure, or list on offshore exchanges as well,” said mehul shah, a partner at khaitan and co.until the federal notification by the corporate affairs ministry on april 13, india had permitted only inbound mergers. the merger would be in compliance with the companies act, 2013, and require prior approval of the reserve bank of india (rbi).the notification also lists certain jurisdictions on ...






shell companies: govt identifies over 1 lakh directors of shell companies for di


new delhi: the ministry of corporate affairs on tuesday said it has identified 1,06,578 directors of shell companies for disqualification. the ministry is further analysing the data of these companies available with the registrar of companies to identify the directors and the significant beneficial interests behind these companies. profiles of directors such as their background, antecedents and their role in the operations/functioning of these companies are also being compiled in collaboration with the enforcement agencies. the money laundering activities performed under the aegis of these companies are also under the scanner. "the professionals, chartered accountants, company secretaries, cost accountants associated with such defaulting companies and involved in ...






queens construction companies must pay $400g in unpaid overtime


three queens construction companies convicted of stiffing 150 workers on overtime pay will have to cough up nearly $400,000 in restitution, authorities said wednesday. the queens companies intentionally misclassified the carpenters and painters as independent contractors to avoid paying them overtime wages, the attorney general’s office said in a statement announcing the convictions. lotus-c corporation, johnco contracting, inc., and rcm painting, inc. now have to pay the 150 workers $371,000 in owed overtime. in addition, the companies must fork over another $360,000 in unpaid unemployment contributions to the department of labor.17 monitors busted for failure to report asbestos tests in nyc the three organizations — from jackson heights, bayside, and maspeth, res...






52,765 private sector companies fined


ministry of labour has reduced fines for work permit and labour contract services and administrationabu dhabi: a total of 141,500 fines have been issued for incomplete work permit registrations and late renewals by private sector companies, the ministry of human resources and emiratisation announced on saturday.in a statement, the ministry said that the fines have been issued to 52,765 companies.“these firms make up just 15 per cent of all the private sector companies recorded in the ministry’s database, showing that the majority of companies abide by labour laws and regulations,” said saif al suwaidi, undersecretary of human resources at the ministry.“companies that failed to adhere are now advised to approach the ministry and pay the fines, which are have been discounted followin...






finance ministry: bank account operations of more than 2 lakh 'struck off' compa


new delhi: the finance ministry on tuesday said that the operation of bank accounts of more than 2 lakh companies which have been 'struck off' from the register of companies (roc) has been restricted. on monday, the times of india had reported that so far, names of 2.1 lakh companies have been struck off for not filing returns and not completing other formalities related to compliance. the report suggested that the action was taken after notices were served to 2.97 lakh companies that had failed to respond to show-cause notices. an official statement released by the ministry of finance said that as many as 2,09,032 companies have been struck from the the roc and that the existing directors and authorised signatories of such companies will now become ex directors or ex au...






finance ministry: bank account operations of more than 2 lakh 'struck off' compa


new delhi: the finance ministry on tuesday said that the operation of bank accounts of more than 2 lakh companies which have been 'struck off' from the register of companies (roc) has been restricted. on monday, the times of india had reported that so far, names of 2.1 lakh companies have been struck off for not filing returns and not completing other formalities related to compliance. the report suggested that the action was taken after notices were served to 2.97 lakh companies that had failed to respond to show-cause notices. an official statement released by the ministry of finance said that as many as 2,09,032 companies have been struck from the the roc and that the existing directors and authorised signatories of such companies will now become ex directors or ex au...






csr to become mandatory in private sector


ministry of economy announces 11 initiatives to develop a supportive and stimulating environment for companies to invest in csrmohammad ahmad bin abdul aziz al shehi announcing the mandatory csr programme in dubai.dubai: the ministry of economy on monday said corporate social responsibility (csr) will become compulsory for all companies in the private sector by the end of 2017.the csr programme is one of six main themes of the uae’s national strategy, which aims to encourage all companies to play a role in charitable and humanitarian work.mohammad ahmad bin abdul aziz al shehhi, undersecretary at the ministry of economy, discussed the national strategy’s 11 initiatives for csr, which were set to develop a supportive and stimulating environment for companies to invest in social responsi...






deliveroo and foodora riders flouting road rules to deliver meals quickly


meal delivery companies such as deliveroo and foodora offer its cycle couriers the flexibility to work when and where they want.however, some food delivery riders appear to take a flexible approach to road rules.light rail construction hits small businessvideo duration02:37previous slidenext slidevideo duration01:41deliveroo rider tells alldeliveroo rider tells allfrom day one, doug williams' job as a deliveroo driver was a struggle to keep up.light rail construction hits small businessvideo duration02:37video duration02:37light rail construction hits small ...light rail construction hits small businessowners of the book kitchen cafe in surry hills say revenue has more than halved as a result of light rail line construction outside their premises. horse racing on sydney harbour bridge?vid.






deliveroo and foodora riders flouting road rules to deliver meals quickly


meal delivery companies such as deliveroo and foodora offer its cycle couriers the flexibility to work when and where they want.however, some food delivery riders appear to take a flexible approach to road rules.light rail construction hits small businessvideo duration02:37previous slidenext slidevideo duration01:41deliveroo rider tells alldeliveroo rider tells allfrom day one, doug williams' job as a deliveroo driver was a struggle to keep up.light rail construction hits small businessvideo duration02:37video duration02:37light rail construction hits small ...light rail construction hits small businessowners of the book kitchen cafe in surry hills say revenue has more than halved since light rail line construction began outside their premises. horse racing on sydney harbour bridge?video .






four companies selected to build prototypes for trump's border wall


as president trump battles with congress over funding, four companies have been selected by the federal government to build concrete prototypes of the president’s long-promised wall along the border with mexico.u.s. customs and border protection said thursday that caddell construction company of montgomery, ala.; fisher sand & gravel of tempe, ariz.; texas sterling construction company of houston, texas; and wg yates and sons construction of philadelphia, miss. have been awarded contracts.the agency issued requests for proposals in march for multiple prototypes.“through the construction of prototypes, we are partnering with the industry to identify the best way to build new and replacement infrastructure along our border before we make further investments,” customs and border protect...






companies act: aadhaar to be soon compulsory for filings under companies act


new delhi: the government will soon make quoting of aadhaar number compulsory for key managerial personnel and directors in regulatory filings under the companies act. the move, primarily aimed at tackling the issue of bogus identities, comes at a time when authorities are bolstering measures to deal with the menace of shell companies, suspected to be used for laundering illicit funds. moving towards implementation of the aadhaar requirement under the companies law, the corporate affairs ministry has already asked individual stakeholders to obtain aadhaar at the earliest for "integrating their details with mca21". mca21 is the portal through which filings required under the companies act are submitted to the ministry. a source said the ministry has started work for implementing a framewo..






amazon india: mrp, expiry dates now must on products sold by ecommerce companies


bengaluru: ecommerce companies will have to declare online the expiry dates and maximum retail prices of packaged consumer products under new rules meant to protect consumers from being sold old goods. the ministry of consumer affairs, in a notification dated june 23, has amended the legal metrology (packaged commodities) rules, 2011 to bring ecommerce companies and online marketplaces under its purview. under these rules, ecommerce companies will also have to display the country of origin on their online product pages. the rules will become effective from january 1, 2018. "an ecommerce entity shall ensure that the mandatory declarations as specified, except the month and year in which the commodity is manufactured or packed, shall be displayed on the digital and elec...






stop construction of tejashwi’s mall : sushil modi to nitish kumar


by: pti | patna | published:april 30, 2017 9:18 pm sushil modi has been alleging that prasad and his family members have got prime plots of land transferred to their names through shell companies. (source: pti photo)senior bihar bjp leader sushil kumar modi on sunday sought chief minister nitish kumar’s intervention to stop the construction work of his deputy tejashwi prasad yadav’s mall being allegedly built without obtaining environmental clearance.“when the issue of tejashwi prasad yadav’s mall was reported in media, the construction company (meridian construction (india) ltd) submitted an application to the state environment impact assessment authority for obtaining environmental clearance for the project whereas the construction work started a year ago,” sushil modi sa...






uae halts imports of food products from six brazilian companies


dubai: uae has taken precautionary measures on imported food products from brazil, after the brazilian authorities suspended the activity of number of brazilian companies on the grounds of unhealthy practices in the production processes.the ministry of climate change and environment said that their notification system on food products identified six facilities which export its products outside of brazil. preliminary information indicated that only one brazilian facility is exporting to the uae.“in order to take necessary precautionary measures, the ministry prepared a list of the banned brazilian companies and their products, including frozen beef and poultry, some frozen vegetables, honey and frozen fish,” the ministry said in statement on friday.the ministry also issued a circular wi...






csr to become mandatory for all private companies


the csr initiative aims to encourage all companies to play a role in charitable, humanitarian workdubai: the ministry of economy announced on monday that csr will become compulsory for all companies in the private sector by the end of 2017.the csr initiative was launched as one of the uae’s national strategies, and aims to encourage all companies to play a role in charitable and humanitarian work.mohammad ahmad bin abdul aziz al shehhi, undersecretary of the ministry of economy for economic affairs, discussed the initiative’s details, pointing out the ministry will announce a minimum percentage, which should be allocated to csr annually by all private companies, before the end of the year.companies will also  be required to declare their audited csr account upon license renewal a...






u.s. hands out contracts for prototypes of trump’s border wall


washington — the trump administration has taken another step toward building a wall on the u.s. border with mexico, even as funding for the project remains in question. u.s. customs and border protection announced thursday it will award contracts to four companies to build four concrete prototypes for the wall. cbp is providing few details of the concrete prototypes and says funding for four other prototypes for a see-through structure will be awarded next week. the prototypes will cost a total of $3.6 million and will be built in san diego. the four companies announced thursday are caddell construction co. of montgomery, alabama; fisher sand & gravel co. of tempe, arizona; texas sterling construction co. of houston; and w.g. yates & sons construction co. of philadelphia...






mca calls meeting to examine ‘grey areas’ in companies act


new delhi: after several directors went to courts against their debarment by the government, the ministry of corporate affairs has called an urgent meeting to discuss if there are “grey areas” in the companies act that need to be addressed.a meeting of senior officials has been called on monday to not just frame government response to these litigations but also to address any such grey area.the ministry in september cancelled registration of over 200,000 defaulting companies and, by extension, it had also debarred over 300,000 directors of companies. the amended companies act that came into effect in 2014 has provision for deregistering companies that fail to file returns.moreover, section 164 of the act provides that any person who is or has been a director in a company which has not ...






centre halts construction of mall tied to lalu's family, real estate news, et re


patna: in yet another blow to lalu prasad, the union ministry of environment, forest and climate change has issued stay order on the construction of the delite mall at saguna mor in patna. the mall is coming up on a two-acre plot owned by lara projects limited liability partnership, an alleged shell firm run by the rjd chief’s family.it is alleged that the mandatory environmental clearance from the state environment impact assessment authority (seiaa) has not been taken for the project. the union ministry has asked the state government to stop the construction work and submit a compliance report within three weeks.the order has been sent to the state principal secretary (forests) with a copy each to the member-secretary of bihar state pollution control board, seiaa chairman and abu dojan..






government issues dust deadline: march 31 or face suspension


written by abantika ghosh | new delhi | updated: march 19, 2018 2:37 am (express photo by ravi kanojia)related newsthe environment ministry has asked major infrastructure agencies, including the national highway authority of india (nhai), to implement measures for dust mitigation by march 31 or face suspension of construction work.in letters sent last month to the heads of nhai, nbcc and delhi metro rail corporation (dmrc), the ministry cited recent rule amendments that make it mandatory for projects needing environment clearance to ensure mitigation of dust.speaking to the indian express, c k mishra, secretary, ministry of environment, forest and climate change, said: “we are deeply concerned by the lack of dust mitigation measures. we have requested all major construction agen...






it ministry writes to 9 more smartphone firms on data security


new delhi: the it ministry has written to nine more mobile handset companies seeking information on their data security procedures, and intends to approach all the remaining smartphone brands, including reliance retail's lyf brand on the same, a senior official said. the electronics and it ministry, on august 12, wrote to 21 companies, majority of them chinese, asking them to outline the procedures and processes adopted by them to ensure security and privacy of users' data. subsequently, nine more companies, including motorola, honor, asus, oneplus, infocus have been added to that list, taking the total number of such companies to 30. the it ministry has now said it intends to ask all the remaining companies selling smartphones in india to provide details of the security processes follow..






harsh vardhan: environment ministry asks pollution boards to intensify action ag


new delhi: the environment ministry has asked all state pollution control boards to intensify action against violators, especially in the industrial and construction sectors, to curb air pollution in the delhi-ncr. environment minister harsh vardhan said all government agencies had to maintain the highest level of alertness and continue their efforts to check pollution, and also appealed to the citizens to help achieve better levels of air quality. "during the task force meeting held at the central pollution control board (cpcb) on november 13, measures taken by the spcbs were reviewed and they were requested to intensify the actions against violators, especially in industrial and the construction sectors," he said. he said due to the pollution control measures and a slight improvement i..






business news roundup, nov. 22


indexes reach all-time highsthe market’s biggest winners this year, technology and health care, powered u.s. stock indexes to more all-time highs on tuesday.huge technology companies like apple and facebook continued their ascent, while strong reports from companies including medical device maker medtronic and construction and technical services company jacobs engineering helped health care and industrial companies, respectively.basic materials companies, which have done better than the rest of the standard & poor’s 500 index, also rose. telecommunications companies declined, while energy companies and banks didn’t do as well as the rest of the market.now playing: now playingairbnb exec has some tips to travel safely during holidayscheddarplayers' tribune has a new show on twitterch...






e-way bill: government eases norms for e-way bill generation


the government has made some changes to the e-way bill rules to further simplify the procedure for movement of goods under the goods and services tax regime, giving more relief to smaller businesses, fmcg, courier and e-commerce companies. under the new rules, in the case of intra-state movement of goods, there will be no need for eway bill if the consignment’s total value is over rs 50,000 but the individual consignment is valued at less than rs 50,000, giving relief to e-commerce and courier companies that move packages for delivery. if both exempted and taxable goods are moved, only the value of the taxable supply will be considered for the purpose of generating an e-way bill. this will provide relief to the industry, especially fmcg companies that move all kinds of goods togeth...






india's aviation ministry allows drones to be used for commercial purposes, tech


companies such as amazon and flipkart will soon be able to use drones to deliver packages in india, as the aviation ministry on wednesday unveiled a proposed policy to allow commercial use of these unmanned aerial vehicles.the draft policy classifies drones into five segments on the basis of weight — from 250 grams to over 150 kilograms — and for commercial use, most of these will have to be registered with the aviation regulator.among other things, it also proposes restricting operations of uavs to within the sight of the operator and only during the day time. the draft will be put up for consultation for a month, and the final rules are likely to be out by the end of december.“these rules allow companies to deliver goods at doorstep provided they follow the rules,” aviation secre...






business news roundup, nov. 22


indexes reach all-time highsthe market’s biggest winners this year, technology and health care, powered u.s. stock indexes to more all-time highs on tuesday.huge technology companies like apple and facebook continued their ascent, while strong reports from companies including medical device maker medtronic and construction and technical services company jacobs engineering helped health care and industrial companies, respectively.basic materials companies, which have done better than the rest of the standard & poor’s 500 index, also rose. telecommunications companies declined, while energy companies and banks didn’t do as well as the rest of the market.now playing: now playingraw: best buy ceo greets thanksgiving customersapholiday shopping season kicks off with black friday sales on ...






business news roundup, nov. 22


indexes reach all-time highsthe market’s biggest winners this year, technology and health care, powered u.s. stock indexes to more all-time highs on tuesday.huge technology companies like apple and facebook continued their ascent, while strong reports from companies including medical device maker medtronic and construction and technical services company jacobs engineering helped health care and industrial companies, respectively.basic materials companies, which have done better than the rest of the standard & poor’s 500 index, also rose. telecommunications companies declined, while energy companies and banks didn’t do as well as the rest of the market.now playing: now playingholiday shopping season kicks off with black friday sales on thanksgivingfox5dcrelease the hounds! chinese fir...






business news roundup, nov. 22


indexes reach all-time highsthe market’s biggest winners this year, technology and health care, powered u.s. stock indexes to more all-time highs on tuesday.huge technology companies like apple and facebook continued their ascent, while strong reports from companies including medical device maker medtronic and construction and technical services company jacobs engineering helped health care and industrial companies, respectively.basic materials companies, which have done better than the rest of the standard & poor’s 500 index, also rose. telecommunications companies declined, while energy companies and banks didn’t do as well as the rest of the market.now playing: now playingsmall business wednesday: k bar soap companypoll: half of americans think sen. franken should step downveuerpo...






shell companies crackdown: government to disqualify over 1 lakh directors


new delhi: more than 1.06 lakh directors will be disqualified for their association with shell companies, according to the government, as it steps up the fight against black money. the latest move comes close on the heels of the corporate affairs ministry cancelling the registration+ of 2.09 lakh companies that have not been carrying out business activities for a long period. besides, banks have been asked to restrict operations of these companies'+ bank accounts by their directors or their authorised representatives. the ministry has "identified 1,06,578 directors for disqualification under section 164(2)(a) of the companies act, 2013 as on september 12, 2017," an official release said. under section 164, a director in a company that has not fil...






registered companies in india: over one-third of registered companies out of bus


new delhi: more than one-third of the total 17 lakh registered companies in the country were shuttered as on end of october, latest official data showed. while authorities step up their clampdown on companies suspected of being used as a conduit for illegal activities, the number of active firms stood at little over 11.30 lakh as on october 31. the corporate affairs ministry, which is implementing the companies act, has so far struck off the names of around 2.24 lakh entities that have not been carrying out business activities for long. "the total number of companies registered in the country as on october 31, 2017, stood at 17,04,319... there were 11,30,784 active companies as on october 31, 2017," the ministry said in a report for the month of october. according to the report, out of t..