DRDO hands over first batch of Airbrake Control Module for LCA Tejas Mk1A (See 'Corp Brief') Companies Act - Charges of professional misconduct in SCN are proved for which monetary penalty can be imposed : NFRA (See 'Legal Desk') PMLA - Application for anticipatory bail can be rejected as there is failure on part of applicant to appear before trial Court despite service of bailable warrant : HC (See 'Legal Desk') IBC - There is no scope of interference in writ petition since there is no arbitrariness, mala fides or palpably illegality in impugned order : HC (See 'Legal Desk') Trade Marks Act - Issue of grant of registration can be remitted back to Examiner as trade mark could not be rejected and is required to be advertised : HC (See 'Legal Desk') LODR Regulations - Stay can be granted on effect and operation of order pending disposal of appeal on condition that Appellant deposits 50% of interest amount determined to be payable to CUHL : SAT (See 'Legal Desk') SARFAESI Act - If any borrower is aggrieved by action of private bank/ARC, then borrower has to avail remedy under SARFAESI Act and no writ petition can lie or is maintainable : HC (See 'Legal Desk') CCI approves acquisition of stake in PAMP Technologies by PAMP Ventures SA (See 'Corp Brief') SARFAESI Act - Due to failure to repay outstanding amount despite interim order, present petition is dismissed : HC (See 'Legal Desk') Limitation Act - Sec 14 of Limitation Act is wide in its application, inasmuch as it is not confined in its applicability only to cases of defect of jurisdiction but applicable also to cases where prior proceedings have failed on account of other cause : HC (See 'Legal Desk') IBC - Application is deemed to be withdrawn as it is filed at time when amendments came into force and it is incumbent upon FC to comply with newly enforced statutory requirements : NCLT (See 'Legal Desk') Indian Economic Service calls on President Murmu (See 'Corp Brief') Companies Act - ROC's decision of rejecting application for conversion is not contrary to legislative intent of Section 18 : HC (See 'Legal Desk') PMLA - If criminal case against person is quashed then there can be no offence of money laundering against him : HC (See 'Legal Desk') SEBI Act - Violation of various SEBI circulars by noticee stands established for which penalty can be imposed : SEBI (See 'Legal Desk') Ambuja Cements signs agreement to acquire 1.5 MTPA Grinding Unit at Tuticorin (See 'Corp Brief') PMLA - Any person aggrieved by order, even if person is not party to order, can file appeal u/s 26 of PMLA, 2002 before Appellate Tribunal : HC (See 'Legal Desk') Copyright Act - Trustee only owe fiduciary duty to beneficiary with regards to trust property and Registrar of Copyright to rectify Register in that registration shall be in name of Trust : HC (See 'Legal Desk') SEBI Act - Though broker has failed to be vigilant in securities market by allowing and facilitating non-genuine transactions but has not personally gained from transactions : SAT (See 'Legal Desk') IREDA celebrates legacy: Past leaders share Vision for Future (See 'Corp Brief') SARFAESI Act - Confirmed auction sale can be interfered by High Court by entertaining writ petition only when there is fraud/collusion and present case is not case of fraud or collusion : SC (See 'Legal Desk')

NITI Aayog working on developing Andamans as tourist hotspot

Published: Aug 11, 2018

By TIOLCORPLAWS News Service

NEW DELHI, AUG 11, 2018: The NITI Aayog, together with the Ministry of Home Affairs and the UT Administrations of Andaman & Nicobar and Lakshadweep hosted an Investors' Conference on August 10, 2018 at Pravasi Bharatiya Kendra, New Delhi for the Holistic Development of Islands. The Conference was inaugurated by Mr Amitabh Kant, CEO, NITI Aayog in the presence of Mr Vivek Rae, former Secretary, Govt of India, and Chief Secretary, Andaman & Nicobar, and Mr Yaduvendra Mathur, Additional Secretary, NITI Aayog.

In his inaugural address, Mr Amitabh Kant said that the Island Development Agency chaired by Mr Rajnath Singh, Minister of Home Affairs had directed NITI Aayog to steer the holistic development of islands. He said that the objective is to ensure sustainable & eco-friendly development of projects in Andaman, Nicobar, and Lakshadweep islands. Govt would keep in mind the carrying capacity of those pristine islands to ensure they are never under burden. Participating in the discussion with investors, Mr Vivek Rae said that the islands offer enormous potential for tourism.

Sustainable development of Islands and overall maritime development has been accorded high priority by the Govt. Island Development Agency (IDA) an apex body, under the chairmanship of Home Minister, was constituted in June 2017, while NITI Aayog has been mandated to steer the Holistic Development of Islands program, along with the respective UT administration & State Governments. Under the said program in the first phase 10 Islands in Andaman & Nicobar and Lakshadweep have been taken up for holistic development.

The IDA had reviewed 11 anchor tourism projects (6 in Andaman & Nicobar and 5 in Lakshadweep) and several other infrastructure projects, Ro-Ro ferry services, desalination plants, digital connectivity, green energy, for implementation in the first phase for holistic development of these islands. Out of those 11 projects, 7 (4 in Andaman & Nicobar and 3 in Lakshadweep) are in “Ready to Launch” stage. Detailed land survey & demarcation of project sites, carrying capacity assessment of the project islands, CRZ application and pre-feasibility study have been undertaken.

TIOL CORP SEARCH

TIOL GROUP WEBSITES