A bench comprising CJI and Justice Sanjiv Khanna was hearing a PIL filed by NGO Common Cause challenging the appointment of Rao as interim CBI director.
Private equity (PE) is set to play a bigger role in banks. Of 21 recommendations accepted by the Reserve Bank of India (RBI) out of 31 made by its Internal Working Group (IWG), its stance on non-promoter holdings in private banks is seen with excitement, though it doesn't refer to PEs explicitly. On non-promoter holdings in these banks, the RBI said this will be capped at 10 per cent of the paid-up voting equity share capital in the case "of natural persons and non-financial institutions and entities"; and "at 15 per cent for all categories of financial institutions, entities, supranational institutions, public sector undertaking, or the government." While this is a modification of the IWG's stance for the non-promoter holding in banks at up to 15 per cent, it does open up a huge window for PEs, all the same. This is because, while the RBI has remained silent on the eligibility of industrial houses for bank licences, fresh high-quality capital in large amounts can only come from PEs.
In his massive election rallies, Prime Minister Narendra Modi often caught voters fancy promising that each individual would get Rs 15-20 lakh in his bank account if he came to power.
Assessment note says panel acts as control commission, especially in fund allocations to states.
Your promise to protect bankers for their commercial decisions is a huge confidence booster, but how does one define a commercial decision? Are our investigative agencies well equipped to dissect lending decisions of bankers?
'Coupled with e-filing procedures it would really enhance the ability of the judiciary to provide speedier justice.'
Parliamentary Affairs minister says action will be taken on the panel's recommendations.
A three-judge bench presided by Chief Justice Ranjan Gogoi and comprising of Justice Sanjay Kishan Kaul and K M Joseph said that it was not their job to go into the issue of pricing of the fighter planes.
'Governments, democratically elected governments, are custodians for a short- specified time.' 'Parents don't let baby sitters decide the course of their child's future.'
The panel will also recommend a fiscal consolidation road map for the central and state governments, study the impact of GST on the divisible pool, and propose performance-based incentives for states.
As many as 12,394 complaints of alleged corruption were received against railway employees.
The panel's meet held on Wednesday remained inconclusive, they said, without giving further details.
'We have learnt lessons from Mamata Banerjee who overcame the BJP's canard by reciting Chandi Path and playing up her Brahmin origins in her campaign. We need to adopt strategies like asking Muslims to lie low and distributing tickets prudently so that we are not accused of favouring one community.' Radhika Ramaseshan reports.
The Parthasarathy Shome committee gives its second reform report to finance ministry.
'The autonomy of essential institutions is clearly under question as the Modi government seeks to influence them politically.' 'The credibility of institutions such as the EC, the CBI, the CVC, the UPSC, the RBI, media, and universities, has been compromised,' notes Zoya Hasan, the distinguished political thinker.
The Election Commission on Tuesday deliberated on holding the assembly polls in Maharashtra, Haryana, Jharkhand and Jammu and Kashmir before or after Dussera.
Widening its probe, the Central Vigilance Commission (CVC) is looking into at least 22 more Commonwealth Games-related construction and procurement works carried out by different government agencies here for alleged financial irregularities.
Four decades of federal evolution made India more secure, but coronavirus is reversing that. Modi's central government has tasted power again and is unlikely to give it up, notes Shekhar Gupta.
The Union HRD minister is accused of giving false information in affidavits to the Election Commission.
She dubbed the I-T raids as "anti-democratic, deliberately planned and tested".
The full bench of the Election Commission will meet on August 25 in New Delhi after the return of Chief Election Commissioner S Nasim Zaidi to discuss the Bihar assembly polls.
Delhi MLA Manjinder Singh Sirsa said Kamal Nath had allegedly given shelter to five people who were accused in one of the seven cases.
Germany's foreign intelligence agency helped the Central Investigation Agency track down Osama bin Laden in Pakistan, before the Al Qaeda leader was killed by United States special forces in May 2011, according to a media report today.
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The growth has not been very robust in the first two financial years of the 12th Plan.
The court said the plea was filed to "needlessly harass" her as she was a union minister.
The Congress has launched an offensive against the Bharatiya Janata Party government over the Rafale deal, alleging corruption and violation of rules by Prime Minister Narendra Modi and demanded answers from him.
ATS officials seized a cellphone and Rs 71.57 lakh in cash from the house of Qureshi,
Thomas Ninad's bank account was defrauded of Rs 14 lakh under mysterious circumstances.
How China's all powerful Communist party bungled the response to the coronavirus crisis.
The Centre pleaded in HC that it is waiting for responses from various states over UCC.
The Public Interest Disclosure and Protection to Persons Making the Disclosure Bill, 2010 provides the Central Vigilance Commission powers of a civil court to hand down harsh penalty to people revealing the identity of whistleblowers, official sources said.
Senior Indian Administrative Service officer C Umashankar has been suspended by the Tamil Nadu government on the charge of producing a false community certificate to claim Scheduled Caste quota during his civil services selection.
With less than five months left for the report of the Fifteenth Finance Commission to be submitted, its chairman N K Singh said the report will have fiscal road map for states, depending on their current situation.
Achuthanandan said the government had not yet received any communication from the CBI informing their unwillingness to investigate the case.
A central leader of radical Jamiat Ulema-e-Islam party, Rehmat Salam Khattak, is among 30 arrested in raids following the attack on the temple in Terri village in Khyber Pakhtunkhwa's Karak district on Wednesday, Station House Officer Rehmatullah Khan told PTI.
Diversified business house Trident Group would become the first corporate to use Aadhaar Payment Bridge (APB) for disbursal of salaries to its employees.
The plan of UID/Aadhaar-based surveillance does not end with the collection of fingerprints and iris scan, it goes quite beyond it and poses a lethal threat to the idea of India, says Gopal Krishna.
The International Institute of Information Technology invites applications for its dual country MBA Degree in Information Technology Management, in collaboration with Dominican University, Chicago, US.
'After the creation of Telangana, Andhra Pradesh has been left as an agrarian state.' 'Therefore, the special category status to this residual state was imminent and necessary for its development,' YSR Congress MP V Vijayasai Reddy explained in the Rajya Sabha.
CBI investigations later revealed that the two were employees of an East Delhi private detective agency, headed by one R N Kaul.
