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State Trading Corporation
The State Trading Corporation of India Ltd is an Indian government-owned international trading company established in 1956 , responsible for managing import and export operations. It functions as an independent entity under the Companies Act, 1956, and operates under the administrative jurisdiction of the Ministry of Commerce & Industry. History In 1956, the government established the State Trading Corporation of India to engage in trade with East European countries. In 1971, STC formed a subsidiary known as PEC India (formerly Project and Equipment Corporation of India Ltd.) to oversee the export of railway and engineering equipment, which commenced operations on October 1, 1963. As STC expanded, it recognized the importance of mineral and metal exports in India's Five Year Plans. Consequently, the government decided to separate STC and establish a dedicated corporation focused solely on mineral and metal trade. In 1997, PEC became an independent entity. STC diversified i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Companies Act 1956
The Companies Act 1956 was an Act of the Parliament of India, enacted in 1956, which enabled companies to be formed by registration, and set out the responsibilities of companies, their directors and secretaries. It was repealed and replaced by the Companies Act 2013. History The Act was administered by the Government of India through the Ministry of Corporate Affairs and the Offices of Registrar of Companies, Official Liquidators, Public Trustee, Company Law Board, Director of Inspection, etc. The Registrar of Companies (ROC) handles incorporation of new companies and the administration of running companies. Since its commencement, it was amended many times, in which amendment of 1988, 1990, 1996, 2000 , 2011 & 2013 were notable. Types of companies There are 11 types of registrations for a company under the Companies Act 1956. * Private company * Public company * Companies limited by shares * Companies limited by guarantee * Unlimited company * Section 25 company * Gov ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Piyush Goyal
Piyush Vedprakash Goyal (born 13 June 1964) is an Indian politician who is serving as Ministry of Commerce and Industry (India), Minister of Commerce and Industry since 2019. He also served as Minister of Textiles (India), Minister of Textiles and Ministry of Consumer Affairs, Food and Public Distribution, Minister of Consumer Affairs, Food and Public Distribution. He was elevated to the Cabinet Minister position on 3 September 2017. Formerly a Member of Parliament, Rajya Sabha, Member of Parliament for Rajya Sabha from the state of Maharashtra, he is also the former Leader of the House in Rajya Sabha. Goyal was elected as member of Lok Sabha, 18th Lok Sabha Representing Mumbai North Lok Sabha constituency. He is married to Seema Goyal and has two children, Dhruv Goyal and Radhika Goyal. Earlier, he held the post of the National Treasurer of the Bharatiya Janata Party (BJP). He headed the Bharatiya Janata Party, BJP's Information Communication Campaign Committee where he oversaw ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Companies Listed On The National Stock Exchange Of India
A company, abbreviated as co., is a legal entity representing an association of legal people, whether natural, juridical or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Over time, companies have evolved to have the following features: "separate legal personality, limited liability, transferable shares, investor ownership, and a managerial hierarchy". The company, as an entity, was created by the state which granted the privilege of incorporation. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is to generate sales, revenue, and profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duties according to the publicly declared incorporation pu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Government-owned Companies Of India
State ownership, also called public ownership or government ownership, is the ownership of an industry, asset, property, or enterprise by the national government of a country or state, or a public body representing a community, as opposed to an individual or private party. Public ownership specifically refers to industries selling goods and services to consumers and differs from public goods and government services financed out of a government's general budget. Public ownership can take place at the national, regional, local, or municipal levels of government; or can refer to non-governmental public ownership vested in autonomous public enterprises. Public ownership is one of the three major forms of property ownership, differentiated from private, collective/cooperative, and common ownership. In market-based economies, state-owned assets are often managed and operated as joint-stock corporations with a government owning all or a controlling stake of the company's ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Trading Companies
Trade involves the transfer of goods and services from one person or entity to another, often in exchange for money. Economists refer to a system or network that allows trade as a market. Traders generally negotiate through a medium of credit or exchange, such as money. Though some economists characterize barter (i.e. trading things without the use of money) as an early form of trade, money was invented before written history began. Consequently, any story of how money first developed is mostly based on conjecture and logical inference. Letters of credit, paper money, and non-physical money have greatly simplified and promoted trade as buying can be separated from selling, or earning. Trade between two traders is called bilateral trade, while trade involving more than two traders is called multilateral trade. In one modern view, trade exists due to specialization and the division of labor, a predominant form of economic activity in which individuals and groups concentra ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1956 Establishments In India
Events January * January 1 – The Anglo-Egyptian Sudan, Anglo-Egyptian Condominium ends in Sudan after 57 years. * January 8 – Operation Auca: Five U.S. evangelical Christian Missionary, missionaries, Nate Saint, Roger Youderian, Ed McCully, Jim Elliot and Pete Fleming, are killed for trespassing by the Waorani people of Ecuador, shortly after making contact with them. * January 16 – Egyptian leader Gamal Abdel Nasser vows to reconquer Palestine (region), Palestine. * January 25–January 26, 26 – Finnish troops reoccupy Porkkala, after Soviet Union, Soviet troops vacate its military base. Civilians can return February 4. * January 26 – The 1956 Winter Olympics open in Cortina d'Ampezzo, Italy. February * February 2 – Austria and Israel establish diplomatic Austria–Israel relations, relations. * February 11 – British Espionage, spies Guy Burgess and Donald Maclean (spy), Donald Maclean resurface in the Soviet Union, after being missing for 5 years. * ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
MMTC Ltd
MMTC Ltd. (known fully as Metals and Minerals Trading Corporation of India) is one of the two highest earners of foreign exchange for India and India's largest public sector trading body. Not only handling the export and import of primary products such as coal, iron ore, agro and industrial products, MMTC also exports and imports important commodities such as ferrous and nonferrous metals for industry, and agricultural fertilizers. MMTC's diverse trade activities cover third-country trade, joint ventures and link deals and all modern forms of international trading. The company has a vast international trade network, spanning almost in all countries in Asia, Europe, Africa, Oceania, and the United States, and also includes a wholly owned international subsidiary in Singapore, MTPL. It is one of the Miniratnas companies. MMTC is one of the two highest foreign exchange earners for India (after petroleum refining companies). It is the largest international trading company of Ind ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Suresh Prabhu
Suresh Prabhakar Prabhu (born 11 July 1953) is an Indian politician. He served as a Member of Parliament (MP) from 1996 to 2009, representing Rajapur in the Lok Sabha. He was also a member of the ''Rajya Sabha'', representing Andhra Pradesh and Haryana from 2014 to 2022. He held several ministerial portfolios in the Union Government, including Ministry of Civil Aviation, Minister of Commerce and Industry, Minister of Railways, Minister of Fertilizers & Chemicals, and Minister of Environment and Forests. He is the current chancellor of Rishihood University and chairman of the Indian Chamber of Food and Agriculture (ICFA). Prabhu was appointed to the Bloomberg New Economy Advisory Board as the only representative from India. In addition, he also worked in the Global Advisory Council of the World Economic Forum. Education and career Suresh Prabhu is a chartered accountant by profession, becoming qualified in 1977. He attended Sharad Ashram Vidyamandir, Dadar, Mumbai ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
E-governance
Electronic governance or e-governance is the use of information technology to provide government services, information exchange, communication transactions, and integration of different stand-alone systems between government to citizen (G2C), government to business (G2B), government to government (G2G), government to employees (G2E), and back office, back-office processes and interactions within the entire governance framework.Saugata, B., and Masud, R.R. (2007). ''Implementing E-Governance Using OECD Model(Modified) and Gartner Model (Modified) Upon Agriculture of Bangladesh''. IEEE. 1-4244-1551-9/07. Through IT, citizens can access government services through e-governance. The government, citizens, and businesses/interest groups are the three primary target groups that can be identified in governance concepts. Government to citizen The goal of government-to-citizen (G2C) e-governance is to offer a variety of ICT services to citizens in an efficient and economical manner an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ministry Of Commerce And Industry (India)
The Ministry of Commerce and Industry is a ministry of the Government of India responsible for facilitating trade, regulating markets, promoting economic growth through industry development, setting trade policies, overseeing compliance with regulations, fostering relationships with businesses, and advocating for industry needs within a government framework; essentially managing the flow of goods and services between producers and consumers both domestically and internationally. The ministry was re-created on 13 October 1999 under Prime Minister of India, Prime Minister Atal Bihari Vajpayee as a result of the merger of the two independent ministries, the Ministry of Commerce and the Ministry of Industry. Both the independent ministries had existed since independence and had undergone significant changes over time. The ministry is administered through two departments, the Department of Commerce and the Department for Promotion of Industry and Internal Trade. The ministry is us ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mauritius
Mauritius, officially the Republic of Mauritius, is an island country in the Indian Ocean, about off the southeastern coast of East Africa, east of Madagascar. It includes the main island (also called Mauritius), as well as Rodrigues, Agaléga, and St. Brandon (Cargados Carajos shoals). The islands of Mauritius and Rodrigues, along with nearby Réunion (a French overseas department), are part of the Mascarene Islands. The main island of Mauritius, where the population is concentrated, hosts the capital and largest city, Port Louis. The country spans and has an exclusive economic zone covering approximately . The 1502 Portuguese Cantino planisphere has led some historians to speculate that Arab sailors were the first to discover the uninhabited island around 975, naming it ''Dina Arobi''. Called ''Ilha do Cirne'' or ''Ilha do Cerne'' on early Portuguese maps, the island was visited by Portuguese sailors in 1507. A Dutch fleet, under the command of Admiral Van War ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Agricultural Cooperative Marketing Federation Of India
The National Agricultural Cooperative Marketing Federation of India (NAFED) is an organization of marketing cooperatives for agricultural produce in India. It was founded on the birthday of Mahatma Gandhi on 2 October 1958 to promote the trade of agricultural produce and forest resources across the nation. It is registered under Multi State Co-operative Societies Act. Headquarters in New Delhi, NAFED has four regional offices at Delhi, Mumbai, Chennai and Kolkata, apart from 28 zonal offices. NAFED is the nodal agency to implement price stabilization measures under Operation Greens which aims to double the farmers' income by 2022. NAFED along with FCI with proactive role of state governments also physically procures oilseeds, pulses and copra under the Price Support Scheme (PSS) which in turn is under the umbrella scheme oPM-AASHA In 2008, it established, National Spot Exchange, a Commodities exchange A commodities exchange is an exchange, or market, where various commo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
