A vacation bench of Justices M M Shantanagoudar and Deepak Gupta was informed by Guha's counsel that he had tendered his resignation on May 28 to Vinod Rai, Chairman of the Committee of Administrators of the Board of Control for Cricket in India.
The market regulator is mulling safeguards relating to power of attorney.
'We are very watchful about inflation and growth. But the main challenge is economic revival and growth.'
Revenue dept says changes in I-T Act require Parliament nod; new regime to wait till Budget in June-July 2014.
India's forex reserves recently declined by $704 million to $354.517 billion.
Ramkrishna's exit comes at a time when NSE has been in focus over a new regulatory framework for high frequency trades and co-location facilities, which some believe give undue advantage to some brokers and traders
'GIFT City is now on a growth trajectory,' says Tapan Ray, MD and group CEO, GIFT City, 'The time has come for the GIFT City to take the big leap and emerge as the next financial hub of Asia.'
The corporate sector on Thursday was unanimous in asking the government to go back to the drawing board regarding the fringe benefit tax on the grounds that the present tax, if enforced, would increase bureaucratic interference, paper work, rent seek
The government on Friday said there was no proposal to bring amnesty scheme for declaring undisclosed income.
Raghuram Rajan, whose current three-year tenure ends on September 4, has already said no to a second term.
The Department of Post, Tech Mahindra, Videocon Group and stock exchange NSE have joined big corporates like Ambanis and Birlas to seek entry into banking business through newly created niche category of Payments and Small Finance Banks.
Banks feel happy shifting their toxic assets from loan books to investment books while the ARCs enjoy the management fees with a smile, observes Tamal Bandyopadhyay.
The RBI, according to the source, wants details on the procedure followed for credit appraisal by the bank while giving loans to Videocon.
The final and most significant reset in the relations between the government and the RBI is the manner in which the process of appointing the governor and deputy governors of the central bank has been changed.
BSE proposes two models for making gold trading and investment transparent
Gas prices have fallen to $10 per million British thermal unit. But the fate of the power project, run by Ratnagiri Gas and Power Pvt Ltd, will hang in balance till the committee takes a decision on gas pooling, reduction in certain taxes and providing per unit subsidy.
The Board of Control for Cricket in India, at its Special General Meeting on Tuesday, decided to double the incentive of the Indian cricket team from Rs 50 lakh to Rs 1 crore for their recent 2-1 Test series win against Australia last month.
The Finance Ministry is considering a proposal to rope in professionals from the private sector for appointment of chairman and CEO-cum-managing director in state-owned financial institutions as it looks for talent from a wider pool of applicants.
FMC has been asked to go ahead with the appointment of 20 experts, which the commission had sought earlier.
Set to benefit immensely from the structural overhaul of the ICC, the BCCI today unanimously backed the plan which would cede executive decision-making in world cricket to India, Australia and England.
The review meeting, according to government officials, was attended by the representatives of different ministries, including finance and corporate affairs, Sebi and AP government.
The protocol aims to "democratise" lending, reduce costs of credit, and ensure accessibility of credit to small companies and street vendors, according to Nandan Nilekani.
Want to appoint CFO, advisory board and governance committee.
Patel's closeness to the Gandhi family was undeniable. But unlike others, he resisted the temptation to use it to leverage personal business, says Aditi Phadnis.
The finance ministry is looking into the Lahiri Committee report on revamping of petroleum duties, chief economic adviser Ashok Lahiri said on Tuesday.
Former Sri Lankan captain Arjuna Ranatunga has slammed Sri Lanka Cricket's (SLC) stance on the Big Three- India, Australia and England, and said that it could have an adverse impact in the longer run.
A summary of sports events and persons who made news on Wednesday.
At present, a project with investment of more than Rs 600 crore in sectors routed through the Foreign Investment Promotion Board has to be referred to the Cabinet Committee on Economic Affairs.
In the policy banks, the government can have 100 per cent stake, McKinsey said.
The regulator said if the variable pay is up to 200 per cent of the fixed pay, at least 50 per cent of it should be in non-cash, and if the variable pay is above 200 per cent, 67 per cent of it should be paid via non-cash instruments.
The meeting of Central Board of Trustees is likely to be stormy on Thursday with both right and left wing trade unions making up plans to demand at least 9.5 per cent EPF rate
PNB has rich experience in the integration of commercial banks.
Labelling All India United Democratic Front chief Badruddin Ajmal as the 'enemy of Assam', state minister Himanta Biswa Sarma on Sunday asserted that he is an extremist in protecting Indian and the Assamese culture.
The Central Board of Direct Taxes, the apex policy making body of the I-T department, has been undertaking a host of steps to bolster the litigation management wing of the department which has come under criticism not only from courts but also successive Finance Ministers and in the audit reports of the Comptroller and Auditor General.
It is understood that the agency wanted to put a fresh set of questions to him regarding the deal and hence had asked him to appear.
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