As per the RBI Act, the central bank has to have four deputy governors.
Rajnish Kumar was on Wednesday appointed the new chairman of the largest public sector bank, State Bank of India (SBI), replacing Arundhati Bhattacharya who completes her one-year extended term on Friday.
The selection process will begin after acceptance of Roy's resignation.
Rohit Nandan will continue to work as Chairman and Managing Director (CMD) of national carrier Air India for one month or till Ashwani Lohani takes over from him.
Rediff.com was first to break the news of Jaishankar's extension hours before it became public.
August 15, 2023 became for me, an extraordinary Independence Day. I will remember it as the day the country's largest political party -- one that struts around like a colossus and tutors us in apt behaviour -- suddenly looked bankrupt in terms of ideas and had to take out a personal guarantee from the prime minister to underscore its capacity to deliver our future, observes Shyam G Menon.
In yet another secretary-level change, government appointed Hasmukh Adhia, a 1981 Gujarat cadre IAS officer, as the new Financial Services Secretary replacing G S Sandhu.
The nod for the extension of his tenure till January 28, 2018 was given by the Appointments Committee of the Cabinet, official sources said.
In his first two years, Tyagi, a Himachal Pradesh cadre IAS officer, has implemented challenging stock market reforms and taken action against high-profile corporate entities.
A minister and three Congress leaders, considered close to Navjot Singh Sidhu, stepped down from their posts delivering a big blow to the Congress high command that was hoping of resolving the tussle between Sidhu and captain Amarinder Singh after Navjot was appointed as Punjab Congress president ahead of the Assembly elections early next year.
"This time we want to prepare the organisation very strongly. The workers should get respect, everyone's participation is important, there should be balance in power, and we should move forward taking all sections of the society along," Pilot told reporters after hour-long meeting with Sonia Gandhi.
Three countries share a common interest in warding off cyber attacks from various agencies PLA is developing and training in China.
'Till the time the chief minister continues to have command over the state forces, we don't think that gives any hope of peace coming back to Manipur.'
Sri Lanka's main Opposition party Samagi Jana Balawegaya (SJB) on Tuesday handed over to the parliamentary Speaker motions of no-confidence against the Sri Lanka Podujana Peramuna (SLPP) coalition government and embattled President Gotabaya Rajapaksa, even as the government announced the appointment of a cabinet sub-committee to look into the proposal for a new Constitution.
These recommendations are based on interactions held by the Banks Board Bureau with eligible candidates from PSBs towards appointment against vacancies in PSBs for the period 2018-19
The party wants to give time to Sidhu, but if he does not agree, then strict steps can be taken, the sources said.
The Narendra Modi government on Monday appointed Arvind Gupta, a former Indian Foreign Service officer, of the 1979 batch, as Deputy National Security Advisor. This appointment comes within days of Nehchal Sandhu quitting as deputy NSA, citing personal reasons.
In a move aimed at insulating the Central Bureau of Investigation from political interference, the Union Cabinet on Thursday approved recommendations of a Group of Ministers which include setting up of a panel of retired judges to oversee the investigations of the agency, besides increased financial powers of its director.
The Samajwadi Party is unwilling to cede ground to the BJP, especially in Amethi, since the Congress is too weak to counter the BJP's well-oiled election machinery.
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The Management Committee headed by Director General of Hydrocarbons R N Choubey refused to take a view on appointment of renowned reservoir consultants Ryder Scott, DeGolyer and MacNaughton, Gaffney, Cline & Associates or Netherland, Sewell & Associates to ascertain if RIL's claims of fall in reserves are actually true or the firm was hoarding gas by producing less, official sources said.
Late last year, the Cabinet Committee on Security had cleared the proposal for the creation of the post.
The coming assembly and Lok Sabha elections -- the choice of candidates, the campaign strategies and the negotiations with other Opposition parties --0 represent the real test for Mallikarjun Kharge.
Modi is believed to have signed on Ashok's appointment file before he left for Brazil to attend BRICS Summit, an oil ministry official said in New Delhi.
Sources said Sidhu's resignation has not been received by the party and its leadership will take a call once it reaches them.
Union minister Jairam Ramesh is back to doing what he does best: working out the logistics for the forthcoming Lok Sabha elections.
S Jaishankar took charge as foreign secretary, replacing Sujatha Singh, on Thursday.
The development comes after Congress cracked down on Sachin Pilot, stripping the dissident leader of the posts of Rajasthan's deputy chief minister and the party's state unit president, and sacking two loyalists from the state Cabinet.
The central government is looking to strengthen the boards of public sector banks (PSBs) by specifying terms of office and conditions of service for whole-time directors, and also seeking disclosures from all directors about interests in other companies. Through the Banking Laws Amendment Bill, the government is likely to introduce conditions for disqualification of whole-time and independent directors which are not specified in the current legislation. The Centre is seeking to introduce fresh changes that are aimed at strengthening the boards of PSBs, and holding their directors accountable, an official said.
If elected, 42-year-old Sunak will go on to make history as the first Prime Minister of the UK of Indian heritage.
The 54-year-old Lekhi, who took oath as a Union Minister of State on Wednesday on her second term as the MP from the prestigious New Delhi constituency, has been at the forefront of struggles on a host of issues ranging from those pertaining to women and environment to law and development.
The latest shakeup of the White House leadership comes as the feud between Priebus and the new Communication Director Anthony Scaramucci went nasty over the past few days, hogging the media limelight.
The annual earnings of a non-executive chairman of a PSB is capped at Rs 10 lakh, inclusive of fees for attending board meetings. This is way below the compensation of the chairman of any private bank, reveals Tamal Bandyopadhyay.
The Supreme Court on Wednesday asked the Centre to take its prior "leave" before going ahead with the appointment of the Central Vigilance Commissioner and Vigilance Commissioner and also sought records pertaining to the selection process in a sealed cover.
The Union Cabinet has cleared disinvestment of the country's largest insurer LIC and a panel headed by the finance minister will now decide on the quantum of stake dilution, a senior official said on Monday. The Department of Investment and Public Asset Management (DIPAM) had in January appointed actuarial firm Milliman Advisors LLP India to assess the embedded value of LIC ahead of the IPO (initial public offering), which is touted to be the biggest public issue in Indian corporate history. The Budget amendments to the LIC Act has been notified and the actuarial firm is expected to finalise the embedded value of the life insurer. Under the embedded value method, the insurance company's present value of future profit is also included in its present net asset value.
Chetan Ghate, Pami Dua and Ravindra Dholakia have been appointed for 4 years
The appointments committee of the Cabinet headed by Prime Minister Narendra Modi cleared Bhalla's appointment as OSD in the ministry with immediate effect.
The Maharashtra cabinet on Thursday decided to reopen schools for students of Classes 1 to 4 in rural areas and Classes 1 to 7 in urban areas from December 1.
Government on Tuesday removed the chief of top defence research organisation Avinash Chander, 15 months before his contract was to end.
Jakhar, who is not an MLA, is believed to be close the top leadership and is considered a prominent Hindu face of the party.
The candidate will be expected to have at least two to three years of remaining service.
