The bench said the Union Cabinet Secretary will be the convenor of the task force and may nominate an officer not below the rank of Additional Secretary to depute for him, when necessary.
Rules for market infrastructure institutions such as stock exchanges, clearing corporations, and depositories have come under review by Sebi after five years.
With the Jaypee acquisition, the Suraksha group, which made lenders an offer of Rs 7,736 crore, will be able to expand its footprint in north India after making inroads in Mumbai's real estate market over the past year. Sudhir Valia, the promoter, was a co-founder and executive director of India's biggest pharmaceutical firm, Sun Pharmaceuticals, and is a close relative of Dilip Shanghvi.
The Assam cabinet had on December 13 approved a proposal to close down all Madrassas and Sanskrit Tols (schools) however, the legislation brought in the assembly during the day did not contain anything related to the Sanskrit tols and the education minister also did not mention anything about it.
Historically, the RBI has tried to keep the crooks at bay by issuing a circular a day. What it needs is more onsite supervision. Merely checking high-frequency data with the help of technology is insufficient, notes Tamal Bandyopadhyay.
RBI Governor Shaktikanta Das said the central bank saw economic growth slowdown in February, prompting it to cut rates ahead of the curve and wondered why markets were surprised with the decision to pause rate reduction. Noting that there is a need for an "informed and objective discussion" on the country's economy, Das said the RBI would do "whatever is necessary" to address growth slowdown, spikes in inflation as well to ensure good health of banks and non-bank lenders. The apex bank went for five consecutive rate cuts starting in February this year, making it a cumulative reduction of 1.35 per cent.
The PM said that the Supreme Court has conducted the highest number of hearings via video-conferencing in the world during the coronavirus pandemic.
Kargil observed it as a 'black day' and leaders in Leh seeing it as an opportunity for development.
'There will always be hiccups given that the Namami Gange programme is spread over different sectors and involves several agencies.'
'People on the wait list will be accommodated for vaccination when the scheduled beneficiaries don't turn up.'
She resigned soon after her husband and SAD president Sukhbir Singh Badal strongly opposed the bills in Lok Sabha on Thursday night, claiming these proposed legislations will "destroy" the agriculture sector in Punjab, and announced that Harsimrat Kaur Badal will quit the government in protest against these three bills.
The implementation of Sachar Committee report on empowerment of Muslims also came up for discussion at the meeting called by Singh to review the progress of schemes under the National Common Minimum Programme. Social sector programmes like Mid-day Meal Scheme, Integrated Child Development Scheme, revamping of Public Distribution System, implementation of Social Security Initiatives like old age pension, health insurance schemes for disabled persons also came up for scrutiny.
In the aftermath of the PMC Bank mess which was in the RBI's highest rating of 'A' category, trustworthiness of these ratings may be up for a review.
In fact, no other recent Union Budget has held so much significance for the Indian economy as the one to be presented in about six weeks from now, notes A K Bhattacharya.
It has been a year since the Reserve Bank of India (RBI) initiated prompt corrective action (PCA), an exercise that puts weak banks under central bank scrutiny, against the 94-year-old Lakshmi Vilas Bank (LVB). But recently, this low-profile Chennai-headquartered bank found itself attracting some unwonted publicity when 60 per cent of its shareholders voted against a proposal to re-appoint seven directors, including one of the promoters, K R Pradeep (who holds around 2 per cent), and the company's managing director & chief executive officer S Sundar.
The Maharashtra State Road Development Corporation (MSRDC) on Monday said that Reliance Infrastructure-Hyundai consortium would build the sealink between Worli and Haji Ali.
Discussion paper fixes Rs 1,000 cr as minimum capital for these specialised banks
Qatar will begin sifting through fan feedback from the Club World Cup to see how it can provide supporters with a successful World Cup in 2022, but cultural differences will be a tricky challenge to surmount. Drinking and partying can be a tricky concept in a country with strict restrictions on alcohol consumption and low tolerance for rowdiness.
Kerala has seen one of the worst floods in its history during this monsoon. From August 8 to 20, nearly 223 people have lost their lives, 33 are missing and around 1.2 million individuals from 3,02,441 families are in 3,941 relief camps. Initial losses are estimated to be around Rs 200 billion (Rs 20,000 crore). With the rescue measures in its last leg, the Kerala government is looking at raising funds to rebuild the state. In an interaction with Gireesh Babu and T E Narasimhan, Kerala Finance Minister T M Thomas Isaac says he has a three-pronged strategy to raise funds. Edited Excerpts.
With a view to expedite major infrastructure projects, Prime Minister Manmohan Singh has asked the Plan panel to set up a mechanism to monitor the targets of all important projects on a quarterly basis.
Delay in implementation of 224 central sector infrastructure projects resulted in cost overruns to the tune of Rs 2.11 lakh crore, government said.
Bimal Jalan cmmittee's recommendations must be viewed in the context of the lessons learnt from the trans-Atlantic financial crisis and the impact that distortions and mis-governance in the financial sector can have on the real economy. The report's focus on stability of markets is, therefore, important.
"Under the CO-JEET" plan, personnel of the three wings of the armed forces -- the Army, the Indian Air Force and the Navy -- have been pressed into service to help restore oxygen supply chains, set up COVID beds and provide help to the civilian administration in its fight to control the pandemic," said the Lt General, whose post of deputy chief integrated defence staff (medical) comes under the Chief of Defence Staff.
United Nations proscribed terrorist Lakhvi, 61, who was on bail since 2015 in the Mumbai attack case, was arrested by the Counter-Terrorism Department of Punjab province on Saturday.
Former Board of Control for Cricket in India president Narayanswami Srinivasan on Friday rejected Dilip Vengsarkar's claims that he was responsible for the ex-India captain's removal as chairman of selectors, calling the charge 'completely false, motivated and without any basis'.
'The bullet train project is a complete sham'
The announcement quells fears among some telcos that Chinese players might be banned from participating in 5G trials and roll outs.
'The situation is especially serious in major hotspot districts or emerging hotspots like Ahmedabad and Surat (Gujarat), Thane (Maharashtra), Hyderabad (Telangana), and Chennai (Tamil Nadu),' the MHA statement said.
Hercules Singh Munda's father used to open the gates to a forest. Today, Hercules leaves for London to open the gates of his many dreams.
The government is committed to taking India forward on the path of modernisation and industralisation to make it a superpower of knowledge economy," said the prime minister.
NITI Aayog has been working on an action plan to relieve rural distress and energise the agricultural sector
The committee also cleared the Rs 5,000-crore (Rs 50-billion) modernisation plan for the New Delhi Railway Station.
Wipro said on Thursday that Azim Premji's son Rishad, chief strategy officer and member of the board, will take over as the executive chairman. Azim Premji, however, will continue to serve on the board as non-executive director and founder chairman.
The Committee on Review of Eligibility Norms, constituted by markets regulator Securities and Exchange Board of India, has come out with its initial set of recommendations on which the regulator has invited public comments.
In the first two months of the current fiscal, Indian exports of finished steel reportedly grew by almost 76 per cent on a YoY basis and China alone accounted for close to 60 per cent of the increase.
Call to hike the limit for investment approval from CCEA to Rs 1,500 crore.
Smriti Mandhana continued her impressive run in the Women's Cricket Super League
The projects are to be given out on design, build operate, finance and transfer basis and are part of third phase of the National Highways Development Project, the government's programme to develop road infrastructure across the country.
Small aircraft operators want better infra at regional airports.
PM Modi on Sunday called upon states to "speed up capital expenditure and infrastructure creation" to spur economic growth.
