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Use technology to give time-bound services: Srinivas

New Delhi, Sep 12 (UNI) The Corporate Affairs Ministry on Wednesday said it is essential to use technology to provide time-bound services as technology overcomes the limitation space, time and resources.
Unveiling a new logo of the Investor Education And Protection Fund (IEPF) Authority here, Ministry Secretary Inteji Srinivas they required a technology-driven enforcement mechanism without exception.

On the logo, Mr Srinivas said the IEPF logo symbolises the values and mandate of the authority -- promoting investor’s awareness, education and protection.
“The logo pictorially depicts people in the middle symbolises investors, outer hands symbolises protection to investors, pen nib symbolises education of investors and rupee symbol denotes investments,” he added.

Mr Srinivas said for promoting investor education and protection, the IEPF Authority also signed an MoU with the CSC E-Governance Services India Limited to effectively implement the mandate of the authority of educating and protecting investors.

Highlighting the need to synchronise the working of IEPF Authority with the MCA, Mr Srinivas said this whole transaction was part of the Companies Act, 2013 and it will develop as part of MCA21, which is a robust platform created by his Ministry.
Elaborating on the increasing role of the IEPF in the present times, the Secretary said in the past two months, the number of claimants has gone up to 10,000. Earlier, IEPF only had small number of claims around 2,000. Now around 1,500 claims are coming in every month. IEPF has given refund of more than Rs 2,000 crores.

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Foreign exchange reserves balloons to $400 48 bln

21 Sep 2018 | 6:51 PM

Mumbai, Sep 21 (UNI) The foreign exchange reserves of the country increased after two weeks and rose to 400.

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CEAT launches SecuraDrive Tyres for cars in India

21 Sep 2018 | 6:25 PM

New Delhi, Sep 21 (UNI) Tyre manufacturering giant CEAT Ltd on Friday announced the launch of its new high speed range of CEAT SecuraDrive tyres.

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CAIT demands Govt promulgate ordinance to check sealing in Delhi

21 Sep 2018 | 6:22 PM

New Delhi, Sep 21 (UNI) After the intensifying sealing drive by monitoring committee in Delhi and the Supreme Court deferring the matter of Master Plan amendments to February 2019, the Confederation of All India Traders has demand that the Central government promulgate an Ordinance to protect the city from sealing.

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Kakinada Co-op town bank gets second place in AP

21 Sep 2018 | 6:19 PM

Kakinada, Sep 21(UNI) The Kakinada cooperative town Bank Limited (KCTB) ever since its inception in 1980 has been getting profits and now occupied second place among the 43 such banks in Andhra Pradesh.

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