Other members of the high-level advisory committee are former RBI Deputy Governor Usha Thorat, former Securities and Exchange Board of India Chairman C B Bhave, and Nachiket M Mor, Director of the Central Board of Directors of RBI, Governor Raghuram Rajan said.
'As a person who has seen the treasure, I am worried about its safety.'
India decisively withstood global headwinds in 2023 and is likely to remain as the world's fastest-growing major economy on the back of growing demand, moderate inflation, stable interest rate regime and robust foreign exchange reserves. Despite widespread pessimism witnessed among the developed nations and the worsening geopolitical situation, India recorded a gross domestic product (GDP) expansion of 6.1 per cent in the March quarter. The growth moved up to 7.8 per cent in the June quarter and was 7.6 per cent in the September quarter. For the first six months of this fiscal, the growth was 7.7 per cent.
Retirement fund body EPFO is likely to approve this month a proposal to enhance its investments in equites to up to 20 per cent of the investible deposits from the current limit of 15 per cent. The proposal is expected to be considered and approved during the EPFO trustees' meeting scheduled to be held on July 29 and 30, according to a source. At present, EPFO can investment 5 to 15 per cent of the investible deposits in equity or equity-related schemes.
Dr Arun Jamkar, former vice chancellor, Maharashtra University of Health Sciences, makes a strong case for reforming Indian medical education and believes that the National Medical Commission Bill is historic.
Based on this screening, the committee may weed out applications that do not meet the eligibility yardstick or the 'fit and proper' criteria for securing a licence.
CBI has also named unknown officials of the union environment ministry in the PE.
As deputy governor, Patel headed the RBI panel to draft the monetary policy report, which became the basis of the ongoing reforms at the apex bank
RBI had received 72 applications for small finance bank licences.
DFS writes to departments that haven't responded to RBI's request for information.
On Thursday, the Business Advisory Committee of the Lok Sabha, which allocates time for the Bills and discussions to be taken up for the forthcoming week, met, but the government strategists didn't ask the members to allocate time for the GST Bills for the next week.
'If the charge is not given immediately, we will contest all upcoming elections, that is (Assembly) by-election and Lok Sabha polls, by fielding our candidates against official candidate of the government'
While former Committee of Administrators head Vinod Rai's recently published book gives an insight into the Anil Kumble-Virat Kohli drama and Ravi Shastri's eventual appointment as Head Coach, the book also contains a sprinkling of factual errors.
Finance Commission has got new team who are committed to growth initiatives.
The renaming will take place on September 12 at a function where a stand at the Kotla will be named after India captain Virat Kohli as announced earlier.
'The general elections in May 2024 may not have any impact on the Census.'
The last electoral contest for the top post of the party took place in 2000 when Jitendra Prasada had suffered a crushing defeat at the hands of Sonia Gandhi.
Thakur, who is expected to meet Board president, Jagmohan Dalmiya at his residence later in the afternoon, said that an announcement on support staff is on the cards.
This is aimed at improving liquidity in all schemes and would help them to meet sudden redemption pressures, said Sebi chairman Ajay Tyagi.
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A rule change may make Nachiket Mor, among others, eligible to replace Chakrabarty.
In a day of frantic developments, Digvijaya Singh entered the fray for the Congress president's election as Rajasthan Chief Minister Ashok Gehlot opted out of the race and the suspense over his continuation at the helm in the state deepened with the party saying it would be decided in a day or two.
The Shiromani Akali Dal on Friday announced sweeping organisational reforms, saying it will now follow the one family, one ticket principle at elections and ensure that half of its contestants are below 50.
The chief minister claimed that MLAs have been getting calls after Governor Kalraj Mishra agreed Wednesday night to convene a session from August 14.
The decision wasn't surprising as almost all the senior players in unison, had made it clear that the contracts offered by the Sri Lanka Cricket wasn't to their liking
The panel will submit its recommendations to a ministerial committee, headed by Union Home Minister Rajnath Singh.
India moving in right direction on GST, says Panagariya.
Two members recommended bringing down the rate by 50 bps in the April policy.
Bhushan questioned the appointment and removal processes of the Lokpal laid out in the bill, which was recently cleared by the Aam Aadmi Party cabinet, saying they would put the ombudsman at the mercy of the city government.
The MPC states that the 4 external members will have a tenure of four years each.
As Rose Valley resurfaces, Sudip Bandyopadhyay and Tapas Pal's arrests marks the end of the bonhomie between the TMC and BJP.
India's forex reserves recently declined by $704 million to $354.517 billion.
Regional States will be worried that the US's nascent engagement with the Taliban behind the fig leaf of humanitarian aid enables the return of US intelligence personnel to Afghanistan, observes Ambassador M K Bhadrakumar.
Raghuram Rajan has appointed him as head of several committees soon after taking charge.
In order to check online child pornography, government has initiated steps to devise a mechanism to access Interpol's 'worst-of-list' through Central Bureau of Investigation and disable such content on internet.
The RBI may grant licences for setting up small finance and payment banks by April 2015.
Ahead of the crucial CBT meet, the Employees' Provident Fund Organisation's advisory body Finance and Investment Committee will firm up its view on the matter.
The RBI has agreed to consider the application of India Post in consultation with the government.
The CIC's directive came while deciding on a plea by Lucknow-based activist Nutan Thakur, who had based her RTI application on some media reports that RBI deputy governor Viral Acharya in a lecture in 2017 had said accounts of some loan defaulters have been sent to banks for resolution.
The panel may include or seek inputs from former RBI Governor Urjit Patel, former chief economic advisor Arvind Subramanian, Sajjid Chinoy of the PM-EAC, Rathin Roy, among others.
The activities of the two secretariats over the years have increased many folds which involve manpower planning, judicious and prudent financial management, transfer, postings of senior officials, meeting the grievances of the officials and staff, reveals Rup Narayan Das.
