Indian a Emerging economy suffering from high inflation ,black money ,liquidity problem. Fiscal Deficit is also as par.
In last 12 month rupees against dollar also depreciated by 30% around.
Now Government finally planning to put all economic reformation in table .Most Awaiting was FDI( Foreign Direct Investment) investment in retail, Companies Bill 2011.
The Bill have Corporate Social Responsibility (CSR), class action suits and a fixed term for independent directors. It also proposes to tighten laws for raising money from the public.
The Bill prohibit any insider trading by company directors or key managerial personnel by treating such activities as a criminal offence. Further, it has proposed that companies should earmark 2% of the average profit of the preceding three years for CSR activities and make a disclosure to shareholders about the policy adopted in the process.
