A Parliamentary committee has asked Reserve Bank of India to direct banks to channelise more funds to industry and other sectors instead of investing excessively in risk-free government papers.\n\n\n\n
Parliament on Monday approved the Industrial Development Bank of India Repeal Bill to enable its conversion into a universal bank
While the government's recent moves may have been necessary in some cases, these would have an adverse impact on the investment cycles of some of these companies. The marquee global names are suddenly finding themselves out of favour as local flavour is gaining currency in the run up to 2019 elections.
What stood out in his 15-year journey as a member of the political executive at the Centre was his glowing record as India's most successful and effective finance minister. Both as prime minister and finance minister, he understood the importance of gradualism, except when the economy or the polity was in a crisis.
The government further defended its move to introduce fixed-term employment, insisting that the present system of hiring workers through contractors is exploitative.
The proposed law seeks bars on storing and processing of personal data by entities without the explicit consent of an individual. It, however, provides for exemptions for "reasonable purposes" such as "prevention and detection of any unlawful activity including fraud, whistle-blowing, merger and acquisitions, network and information security, credit scoring, recovery of debt, processing of publicly available personal data and the operation of search engines".
Officials said several witnesses were heard on the impact of the pandemic. They added that this was the longest meeting of the panel without a break so far.
His political career began with his involvement in the Rashtriya Swayamsevak Sangh and he later became a member of the Shiv Sena.
A four-member panel of secretaries is likely to submit its report on a new gas pricing mechanism to the government by Wednesday.
A Parliamentary Committee on Wednesday recommended a composite foreign investment cap of 49 per cent in the insurance sector and supported a government Bill to amend the Act.
'We are going to need more technical people in government.' 'You can't expect a generalist to understand the complicated world of financial engineering.' 'I regret to say that most of our politicians have no competence to deal with these things. Nor is there a willingness to learn.'
A recent report by the parliamentary standing committee on health and family planning pulled no punches on the abysmal state and poor functioning of the Medical Council of India.
Standing committee on finance to also focus on RBI autonomy and citizen's rights.
The stimulus package announced by the government for the revival of the pandemic-hit economy has been found to be "inadequate", according to a Parliamentary panel report. The report of the department-related Parliamentary Standing Committee on Industry on the impact of COVID-19 pandemic on micro, small and medium enterprises (MSME) sector has noted that in the process of economic recovery post-first wave of the pandemic, the second wave has even more vigorously ripped the economy particularly the MSME sector. "The committee observes that the stimulus package announced by the government for the economic revival from the pandemic hit economy has been found to be inadequate as the measures adopted were more of loan offering and long-term measures instead of improving the cash flow to generate demand as immediate relief," it said.
On Tuesday, Modi will share his views with India Inc on 'Getting growth back'.
After Twitter briefly blocked IT Minister Ravi Shankar Prasad from accessing his account for alleged copyrights violation, chairman of the parliamentary panel on information technology Shashi Tharoor on Friday said the same thing happened with him and the standing committee will be seeking an explanation from the social media firm over the temporary locking of their accounts and the rules it follows while operating in India.
The regulator has warned airlines and in an email on May 2 asked all Indian carriers to give compensation and facilities to passengers affected by such denial of boarding, failing which it would will impose financial penalties on them.
Chinese manufacturers are re-routing their products through the markets of other countries that India has Free Trade Agreements with.
Lok Sabha is set to witness a confrontation over Land Acquisition Bill on Tuesday when it is taken up for voting with opposition bent on opposing it even as the government again offered to make changes in the legislation in the "larger interest" of the farming community.
The Sena-UB has fielded popular wrestler Chandrahar Patil from Sangli despite the Congress announcing Vishal Patil's name from the same seat.
The Standing Committee on Petroleum and Natural Gas in its report tabled in Parliament today asked the ministry to strictly monitor implementation of directions issued to RIL for reversing the trend of falling gas output from the Bay of Bengal field.
The Central Consumer Protection Authority (CCPA) on Wednesday said it has imposed a penalty of Rs 1 lakh on e-commerce firm Flipkart for allowing sale of substandard domestic pressure cookers on its platform, in violation of mandatory standards. Headed by Chief Commissioner Nidhi Khare, the CCPA has directed Flipkart to recall all such 598 pressure cookers sold on its platform, reimburse their buyers, and submit a compliance report within 45 days. The central government routinely notifies the Quality Control Orders (QCOs), specifying compulsory conformity to a standard and use of the standard mark for a product to protect consumers from the risk of suffering injury and harm and in the interest of the public at large.
As per the recommendations of the 2nd National Commission on Labour, the ministry is codifying existing 44 central labour laws into four codes by simplifying, amalgamating and rationalising the relevant provisions of the legislations.
There was a shortfall in utilisation of funds for staff welfare to the tune of Rs 50 crore (Rs 500 million) in 2005-06 and Rs 57 crore (Rs 570 million) in 2006-07, said the Standing Committee on Railways in its latest report.
The BMS said that creating workers who do not own their industry and without permanent commitment or relationship with the industry, will be a hazard for industrial growth.
Talking to reporters at the accident site, he said the issue is of electric point machine, a vital device for railway signalling, and electronic interlocking.
Thus, the right to fair compensation and transparency in land acquisition, rehabilitation and resettlement (amendment) bill, 2015 as passed by the Lok Sabha still contains major lacuna's in regard to farmer's rights. It is best advised and hoped that the government will send the bill to the parliamentary standing committee for more changes and consultation.
A govt official says there is consensus among the airlines and the ministry that fixing an upper limit in airfares will not be a constructive idea
Leader of Opposition Mallikarjun Kharge and some other members sought that the bill be referred to a standing committee for scrutiny.
'The reality is no one, including some of the names that have shown up in the last few weeks, have any unilateral decision-making power in this,' Facebook India MD Ajit Mohan tells Peerzada Abrar.
The NGT has asked the Centre to respond to the plea of an environment enthusiast alleging that large-scale burning of municipal solid waste in Agra was turning the Taj Mahal yellow.
President Pranab Mukherjee on Friday gave his assent to Rajasthan's amendment to three laws -- the Factories Act, Industrial Dispute Act and Contract Labour Act.
Railway officials also indicated that possible 'sabotage' and tampering with the electronic interlocking system, which detects the presence of trains, led to the Friday accident.
On one hand, South Indian states have been complaining about denial of a proportionate portion of the sharable funds from the Centre, based on population. On the other hand, they stand to lose Lok Sabha and Rajya Sabha seats that again are based on population, points out N Sathiya Moorthy.
It makes it mandatory for companies to spend on social welfare and seeks to bring in greater transparency.
"The Indian government approached asking us to open the airspace. We conveyed our concerns that first India must withdraw its fighter planes placed forward," Nusrat told the committee.
The state-owned airport authority is conducting a techno-feasibility study.
The Lok Sabha on Wednesday passed a bill to regulate and supervise assisted reproductive technology clinics, with various members urging the government not to exclude single parents and the LGBTQ community from using this procedure.
'The Child Labour (Prohibition and Regulation) Amendment Bill' makes employment of children below 14 years as cognisable offence for employers and provides for penalty for parents.
If retrenched workers are unable to reskill within a fixed period of time, they will have to return the money given to them by the government. Moreover, they may be asked to pay back an interest on the sum transferred.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances