Mumbai: Corporate Affairs Minister Veerappa Moily on Friday said he is hopeful about the New Companies Bill getting passed in the Monsoon Session. "Since the Standing Committee of Parliament has concluded its deliberations on the New Companies Bill, I expect it to submit it to the ministry soon and table it in the Monsoon Session," Moily told reporters in Mumbai on the sidelines of a function on Friday. Claiming that...
11:52 PM, Jun 01, 2012
New Delhi: The Government has finally reacted to the Reebok India fraud with Corporate Affairs Minister Veerappa Moily saying that something wrong has been found in the books of Reebok India. The minister has also said that the matter has now been referred to the Serious Fraud Investigation Office (SFIO) for further investigation. Reebok India has alleged a Rs 870 crore fraud by its former Managing Director Subhinder Singh Prem...
03:37 PM, May 29, 2012
Bangalore: India would have been able to avoid corporate frauds and scams in high places had it put in place regulatory mechanisms and certain policies, along with the introduction of liberalisation regime in 1991, Corporate Affairs Minister M Veerappa Moily has said. The then Finance Minister Manmohan Singh had to "pronounce" liberalisation polices in 1991 as it was "inevitable" and "compulsory" as New Delhi had to pledge gold with Bank...
01:05 PM, Feb 28, 2012
Mumbai: A day after he called for saving the ailing Kingfisher Airlines, Corporate Affairs Minister Veerappa Moily on Wednesday blamed bad governance and absence of professional management as the reasons for the perils of the carrier. When sought his views on the current affairs at Kingfisher, Moily, without naming the airline, said the problems were due to "bad governance practices", but as the corporate affairs minister, he wanted that company...
05:28 PM, Feb 22, 2012
Bangalore: The Government on Friday said an amnesty scheme for bringing back black money is not on the cards though it is working on regulatory mechanisms to eliminate its root cause in the face of "lots of legal impediments" to target those funds stashed abroad. Asked if there is a move for an amnesty scheme to bring back black money, Union Corporate Affairs Minister M Veerappa Moily said, "Whether the...
09:28 PM, Feb 10, 2012
Bangalore: Seeking to soothe ruffled feathers in the wake of ISRO row, the Government on Friday described the scientific community as a national asset that cannot be taken lightly, even as it appeared to soften its stand against the blacklisted four ex-functionaries of the space department. Responding to queries from reporters, Union Corporate Affairs Minister M Veerappa Moily referred to the statement of BK Chaturvedi, who along with Roddam Narasimha...
06:08 PM, Feb 10, 2012
Bangalore: The Karnataka Assembly was adjourned for half an hour on Wednesday amidst Opposition uproar over the sleaze row involving two BJP MLAs. The Opposition shouted 'Shame! Shame!' as soon as the Assembly proceedings began. BJP party members CC Patil and Lakshmana Savadi were caught on camera on Tuesday watching an obscene video on their mobile phones while the Assembly was in session. The Opposition demanded the dismissal of the...
12:51 PM, Feb 08, 2012
Bangalore: Three BJP ministers "voluntarily" resigned on Wednesday over the shocking sleaze row to rock the Karnataka Assembly. Mangalore in-charge Minister Krishna Palemar, Co-operation Minister Lakshman Savadi and Karnataka Women and Child Welfare Minister CC Patil tendered in their resignation during a BJP core committee meeting that was held early on Wednesday morning. The ministers said they were resigning to save the party's image. This is not the first time...
08:55 AM, Feb 08, 2012
Union Minister M Veerappa Moily has said that any investor will be awarded if they invest but will also be punished if there is any irregularity. ...
01:54 PM, Feb 06, 2012
Panaji: Congress president Sonia Gandhi will address a public rally in Goa on Saturday, her first ever since her surgery in August. The party has planned a massive rally at Campal parade ground in Panaji, where Sonia is scheduled to address a crowd of 50,000 people, Goa Pradesh Congress Committee chief Subhash Shirodkar said. "This is her first ever public rally (post surgery in the US in August)," he said,...
02:03 AM, Dec 17, 2011
Mangalore: Union Minister M Veerappa Moily on Suday questioned Anna Hazare's intentions behind his one-day sit-in at Jantar Mantar in Delhi, saying it had proved that his fight was more against Congress than for a strong Lokpal. "What is Anna's intention behind going on a one-day fast at Jantar Mantar? He should explain to the nation. It is clear he is fighting against Congress party," he said. The Union Corporate...
11:01 PM, Dec 11, 2011
New Delhi: Describing the move to suspend decision on FDI in retail as a step in right direction, Corporate Minister M Veerappa Moily on Wednesday said the intention is to keep the "policy on". "This is a step in right direction. Ultimately we want the policy to be on," Moily told reporters outside Parliament. Justifying the decision, Moily said "In a democracy participation of everyone is necessary. Ultimately it has...
04:36 PM, Dec 07, 2011
Mangalore: Taking a swipe at L K Advani's Jan Chetna Yatra, Union Minister M Veerappa Moily on Sunday dubbed it as a personal agenda of the BJP veteran to fulfill his dream of becoming the Prime Minister. "Advani's wish to become Prime Minister earlier failed. Now, he is trying to realise it by this yatra," he said. Moily also alleged that Team Anna was behind the Yatra. "Advani is not...
01:33 PM, Nov 20, 2011
Washington: Urging American companies to come to India, Minister of Corporate Affairs Veerappa Moily said like the United States, the country is a land of entrepreneurs. "The US is a land of land of entrepreneurs. India is also a land of entrepreneurs," Moily, who is on a visit here, said at a reception hosted for him by the US India Business Council (USIBC). Prime Minister Manmohan Singh, he said, is...
11:48 AM, Nov 09, 2011
Banavara: Harsha Moily, Union Minister for Corporate Affairs M Veerappa Moily's son, gave up his cushy job in the US to contribute back home. He has empowered hundreds of villagers in Karnataka through the milk collection network, known as the MokhshaYug Access, he has set up. Mahalakshmi is happy and contented - her dream of buying all the latest kitchen gadgets have come true. The 34-year-old resident of Karnataka's Banavara...
08:50 AM, Nov 07, 2011
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