India in Reform Drive ( banking & Companies Bill passed in Loksabha )

1. Much awaited Companies Bill 2011 passed in Parliament . It is likely to be passed in Rajyasabha also with out any difficulty . This Act will completely change the way Indian Companies operate . All redundant provision has been removed . New practice has been introduced . Important change is making CSR compulsory for certain section of Companies . Such Companies need to spend 2% of average Net profit of last three years in CSR activities . Independent Director will constitute 1/3rd of all Listed Companies . Concept Women Director has also find its place

Detailed i will keep on posting in the coming days topic wise

2. Much awaited Banking regulation Bill passed in Parliament . Hope it will get cleared in RajyaSabha also easily . RBI will get power . New Bank opening will be more easier . Shareholding in Indian Bank will change .

More detailed analysis will be covered in coming days