WCL emerges as Growth Engine of Coal India, Records Strong Growth in Production (See 'Corp Brief') A&C - Judicial intervention in arbitral proceedings is warranted only in exceptional cases, such as where party is left remediless under the statute or where clear bad faith is established: HC (See 'Legal Desk') DPIIT implements Special Campaign to minimise Pendency Across Offices (See 'Corp Brief') SEBI ACT - Provisions of SEBI (Prohibition of Insider Trading) Regulations are violated where an employee of the Company, possessed & communicated Unpublished Price Sensitive Information regarding its forthcoming financial results to an outsider who then traded in company's shares based on such information: SAT (See 'Legal Desk') CCI approves acquisition of certain stake in Vodafone Group PLC by Vega SAS (See 'Corp Brief') CCI approves acquisition of equity of Solenergi Power by Aditya Birla Renewables (See 'Corp Brief') CCI approves acquisition of certain shareholding in Navi Ltd by MIH Payments (See 'Corp Brief') Insolvency and Bankruptcy Code, 2016 - A post-admission settlement can automatically bypass statutory mechanism mandated under Section 12A of the IBC, 2016, particularly in light of stringent amended provisions governing withdrawal of admitted applications: NCLAT (See 'Legal Desk') CCI approves acquisition of equity share capital of IntelliSmart Infrastructure by Adani Energy (See 'Corp Brief') CCI approves merger of Sapphire Foods India with and into Devyani International (See 'Corp Brief') 87 Crores Individuals Screened for Oral, Breast and Cervical Cancers (See 'Corp Brief') Insolvency and Bankruptcy Code, 2016 - Liquidator's claim for refund cannot be adjudicated in the summary jurisdiction under Section 60(5) of the Code, more so where the parties' claims have not been crystallised through adjudication: NCLT (See 'Legal Desk') India-BLEU Joint Economic Commission Session Held in Luxembourg (See 'Corp Brief') India to promote South-South Cooperation and share Agricultural Innovations (See 'Corp Brief') Companies Act, 2013 - Pendency of challenge to a judgment before a Division Bench does not extinguish its binding force, where judgment is neither set aside nor stayed: HC (See 'Legal Desk') Of 137 commercial mines allocated since 2020, 25 are producing (See 'Corp Brief') MoS releases Foreign Language Compendium of DRDO Products for engagement with international partners (See 'Corp Brief') Trade Marks Act, 1999 - Court's intervention is needed where the parties furnish affidavits making undertakings that effectively resolve the issues at hand: HC (See 'Legal Desk') An unsuccessful 'success fee' litigation (See CORP EINSICHT)

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MSMEs tapping digital marketplace to boost outreach; achieve self-reliance: Rane

Published: Jun 27, 2022

By TIOLCorplaws News Service

NEW DELHI, JUNE 27, 2022: UNION Minister for MSME Narayan Rane has said under the able leadership of  Prime Minister Narendra Modi MSME Ministry is committed to achieve the goals of holistic development and self-reliance of MSMEs. In his message on the occasion of International MSME Day he said while recovering from the adverse conditions arising out of the Covid-19 pandemic and the subsequent Ukraine war, the MSME sector not only digitized its business operations but also cut downed their input cost and started a new tradition by domestically producing essential products curtailing import and also started export of those products with the support of various schemes of the Government. He said during this time, MSMEs focused their online services to reach the wider market, consequently they have been able to overcome the adversity.

Mr Rane said MSMEs are the backbone of the Indian economy and global sustainable developments. MSMEs are contributing in providing livelihood opportunities to local communities. To achieve these goals and encourage innovation, "International MSME Day" is celebrated every year on 27 June under the auspices of the United Nations.

The Minister said this year MSME Day is being celebrated under the theme "Resilience and Rebuilding: MSMEs for Sustainable Development". World MSME Day serves to remind the Governments to maintain a business environment in which small rural, cottage and traditional industries also get the opportunity to flourish, he added.

Rane conveyed Hearty Congratulations and Best Wishes to all the MSMEs who have become an integral part of every citizen's life.

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