Navi Mumbai turning Textile Waste into Opportunity for People (See 'Corp Brief') Company Law - Sourcing pre-condition deposit unlawfully from corporate funds in direct violation of Sec 185, or executing settlement agreements without effectuating actual refunds or delivering legally valid & habitable possession, is illegal: SC (See 'Legal Desk') TRAI releases Paper on 'Formulation of Regulatory Framework for ALTD Services (See 'Corp Brief') IPR - Minor alteration to well-established trademark, such as changing single letter, does not render new mark dissimilar, especially when it remains phonetically and visually close to original: HC (See 'Legal Desk') GeM achieves Rs 18.4 Lakh Crore GMV, Emerges as Key Digital Public Procurement Platform (See 'Corp Brief') Benami Act - Burden of proof of benami transaction rests strictly upon person asserting it, and reliance solely on uncorroborated statements of third parties recorded in unrelated Income Tax proceedings, is insufficient: SAFEMA (See 'Legal Desk') Union Minister to inaugurate NCVET Capacity Building (See 'Corp Brief') FEMA - Continuing adjudication u/s 16 of FEMA despite competent authority's refusal to confirm seizure u/s 37A of FEMA, is contrary to law: SC (See 'Legal Desk') Minister calls for stronger research-industry linkages to scale food innovation sector (See 'Corp Brief') A&C Act - Doctrine of 'transnational issue estoppel' applies to enforcement proceedings u/s 48 of Arbitration Act, barring enforcement court from undertaking merits-based review: SC (See 'Legal Desk') MoS backs scaling up indigenous Insulin production amid global supply concerns (See 'Corp Brief') A&C - Mere existence of document, despite it containing arbitration clause, would not qualify as arbitration agreement, unless it is signed by parties seeking to invoke clause as also party against whom enforcement is sought: HC (See 'Legal Desk') New Sainik School reflects Centre's Vision for Nation-Building through Education (See 'Corp Brief') A&C - Agreement to sell being unregistered and unstamped as per Registration Act, Transfer of Property Act, and Indian Stamps Act, cannot be enforced: HC (See 'Legal Desk') Supreme Court Clears Path For Single Insolvency Proceedings Against Linked Group Companies (See CORP EINSICHT)

NITI Aayog, Ladakh ink MoU for infra development

Published: Jan 18, 2020

By TIOLCORPLAWS News Service

NEW DELHI, JAN 18, 2020: IN an important initiative to promote the development of key infrastructure sectors in the newly constituted Union Territory of Ladakh, NITI Aayog entered into a memorandum of understanding (MoU) with the UT's administration on 17 January 2020. Under this MoU, NITI Aayog will be supporting the UT's administration through its key initiative ‘Development Support Services to States for Infrastructure Projects (D3S-i)'.

The MoU was executed in the presence of NITI Aayog CEO Amitabh Kant and Joint Secretary MC Jauhari. It was signed by NITI Aayog Senior Adviser Dr Yogesh Suri and Adviser to the Lieutenant Governor of Ladakh Umang Narula.

The partnership lays thrust on the identification of high-impact priority projects, expedited project implementation, addressing structural-level issues and creating unique models of development for the Union Territory of Ladakh. NITI Aayog has committed to assist the UT's administration in creating a strategic plan for identifying prioritized infrastructure projects and by providing end-to-end transaction-management support for the identified projects. A dedicated team of professionals is expected to be stationed at Ladakh for identification and development of projects in the UT, especially in tourism, solar energy and basic infrastructure.

TIOL CORP SEARCH

TIOL GROUP WEBSITES