Under Urjit Patel, the then RBI Governor, the central bank had a habit of making complete about-turns on various issues, including electoral bonds and digital payments, former finance secretary Subash Chandra Garg said in his book titled 'We Also Make Policy: An Insider's Account of How the Finance Ministry Functions.' Citing some instances of about-turns by the then RBI Governor Patel, Garg in his book said, RBI had done so on the electoral bond issue and it had so in case of setting up of Payments Regulatory Board (PRB). RBI also made unilateral decisions like ordering complete data localization for participation in the payment system, Garg wrote in the book which will hit the stands on October 1.
"It may be clarified that bringing the IIMs under the ambit of a central law will in no way alter their accountability to the Parliament or their status of being public institutions," the HRD Ministry official stated
The Pay Review Committee, headed by Prof Goverdhan Mehta, set up for faculty members of central technical institutes like IITs and IIMs had submitted its report to the HRD ministry in February this year.
Mizoram's director general of police Anil Shukla held a high-level meeting on Sunday to assess the security arrangements, a statement said.
China's size and ambition have enabled it to successfully penetrate every sector of the UK's economy, an influential parliamentary panel has said, warning that Beijing's national imperative continues to become a technological and economic superpower on which other countries are reliant, which represents the "greatest risk" to the UK.
Two weeks ahead of October 1 deadline, Sebi likely to relax certain conditions.
The government carries out a review of the defence procurement process every two years to make changes gained from experience and to incorporate new contract clauses for probity.
The panel, headed by former Central Board of Direct Taxes chairman N Rangachary, will be in addition to the one set up to review the General Anti-Avoidance Rules provisions to address the concerns of foreign investors.
Auditors seem to have developed a heightened sense of risk and are not content to tick the boxes and sign the papers.
The need for finding options for proper functioning of Parliament is of paramount importance as the frequency of the passage of Budgets and other economic Bills without discussion or debate has only increased in the last few years, notes A K Bhattacharya.
Centre objected to the review petition and said that the basic grounds for seeking review of the verdict are the same as they were in the main petition.
International Cricket Council chairman Shashank Manohar on Wednesday said that he is following the developments in the Board of Control for Cricket in India and that a 'strong BCCI' based on solid governance foundations is good for the game.
The government on Wednesday accepted spectrum review committee's recommendation of allocating additional frequency to existing GSM operators based on TRAI's subscriber linked formula and in multiples of 1 MHz.
A top-class board is important from a systemic point of view, more so at a time when the wider financial world and India Inc is chasing the same talent as banks.
'The farm bills will not bring in corporate zamindari'
The ICC termed the recent spot-fixing allegations involving Pakistani players as a "warning" and said it will recommend a wide-ranging and, if necessary, independent review of the current anti-corruption measures to maintain the integrity of the sport.
The Committee of Administrators (COA) running the Board of Control for Cricket in India has decided to conduct a review of India's dismal performance in South Africa.
Intelligence sharing is fine, but India needs to protect personal privacy.
GCIG is a two-year initiative launched by the Centre for International Governance Innovation and Chatham House.
Shinde, who was accompanied by civic chief Abhijit Bangar and district collector Ashok Shingare, said the patient deaths at the CSM Hospital, located in his political turf Thane, were painful and asked all parties to desist from indulging in politics on the issue.
The committee asked the Tamil Nadu government to withdraw charges against Nedumaran, Suba Veerapandian (then spokesman of Marumalarchi Dravidsa Munnetra Kazhagam), Paavanan alias Pudukottai Paavanan, Thayappan and Shahul Hameed.
A sixth arrest has been made in the Parliament security breach case -- Mahesh Kumawat from Rajasthan's Nagaur who was allegedly in contact with the other accused for the last two years for hatching the conspiracy and had destroyed their mobile phones to get rid of the evidence, police said on Saturday.
The top court did some tough-talking and had warned that the administration at large will be made accountable even if there is a single incident of stubble burning henceforth.
The commanders will also deliberate on a slew of long-pending reform measures like cutting down on ceremonial practices and non-military activities to ensure a rational distribution of resources, they said.
The bench said that the only question is that determination of the category should be in a scientific manner and it appreciates that the Centre has taken a decision to revisit the criteria earlier fixed.
In a significant win for the Adani group, the Supreme Court on Wednesday refused to transfer the probe into allegations of stock price manipulation by the Indian corporate giant to a special investigation team or the CBI, saying market regulator SEBI was conducting a "comprehensive investigation" and its conduct "inspires confidence".
Both leaders agreed to stay in contact as Sunak reaffirmed the UK position of respect for the rule of law after Canada's allegation of Indian involvement in the killing of a pro-Khalistan wanted terrorist.
The committee has been tasked to look into "omissions and commissions" in the decision-making process and also to fix responsibility of individuals, including civil and criminal liability, if any, the LG's office said.
The bill has now been referred to a select committee of the legislature.
The Securities and Exchange Board of India (Sebi), the market regulator, has said, in a submission to the Supreme Court, that it is "enquiring" into the allegations made by American short-seller Hindenburg Research against the Adani Group of companies and its impact on the markets. In the same matter, the central government has agreed to form an expert committee to strengthen the regulatory regime in order to ensure that market investors are protected. The Supreme Court had last week suggested an expert committee to look into the allegations and had asked the Centre for its response.
Chief Justice of India D Y Chandrachud on Tuesday said the State has an obligation to recognise unions entered into by queer couples and grant them benefit under the law.
The government on Friday tweaked IT rules to pave the way for setting up of grievance appellate panels, which will settle issues that users may have against the way social media platforms initially addressed their complaints regarding content and other matters.
The ongoing inquiry into the crash was told that the government was not keen on the inquiry on the grounds that a criminal case was going on in parallel, and also due to worries over lawsuits filed by the families of victims of the Kanishka bombing.
The Reserve Bank is likely to maintain status-quo on the key interest rates for the third time in a row in its upcoming bi-monthly policy review despite the US Federal Reserve and the European Central Bank hiking benchmark rates, as domestic inflation is within the RBI's comfort zone, say experts. The borrowing cost which started rising in May last year has stabilised with RBI keeping the repo rate unchanged at 6.5 per cent since February when it was raised from 6.25 per cent. In the previous two bi-monthly policy reviews in April and June the benchmark rate was retained.
Uttarakhand Chief Minister Pushkar Singh Dhami on Monday visited the Silkyara-Barkot tunnel site for a review of the rescue operations being carried out there to evacuate 40 labourers trapped inside since Sunday morning following its partial collapse.
The government also decided to make face masks mandatory in closed spaces and airconditioned rooms.
Addressing a press conference in Pune, Pawar also responded to a query on Thursday's meeting between industrialist Gautam Adani and NCP chief Sharad Pawar, saying the two know each other and there is nothing wrong if two such persons meet.
Gen Rawat is due for retirement on December 31 and top government sources said, if everything goes according to plan, then the government would name him as the country's first CDS before he hangs up his boots.
The city's Air Quality Index (AQI) stood at 420 at 8 am on Thursday, compared to 426 at 4 pm on Wednesday. The AQI map prepared by the Central Pollution Control Board showed clusters of red dots (indicating hazardous air quality) spread across the Indo-Gangetic plains.
