'Nothing will stop India's top three-four corporates who have become aggressive players in the agri-markets after Modi came to power from acting in concert to drive down at will the prices at which they buy from farmers.' 'These corporate houses have the wherewithal to purchase all the farm produce at low prices and store them for a long period of time.' 'Once the harvest season is over they will sell the same produce at higher prices.'
With the Lodha Committee seeking direction from the Supreme Court on appointment of former Union Home Secretary GK Pillai as observer to "guide" BCCI, the top brass of the board are unaware as to how the process of awarding nearly 100 pending tenders will be carried out.
More and more the buck will stop at the board. Look no further than Infosys, says Amit Tendon.
Observing that there is liquidity overhand of Rs 13 lakh crore in the system, RBI Governor Shaktikanta Das said on Friday that the exceptional measures undertaken during pandemic will be dealt in sync with macroeconomic developments to preserve financial stability. Since the onset of the pandemic, the Reserve Bank has maintained ample surplus liquidity to support a speedy and durable economic recovery, he said while announcing the outcome of the Monetary Policy Committee (MPC) meeting. The level of surplus liquidity in the banking system increased further during September 2021, with absorption under fixed rate reverse repo, variable rate reverse repo (VRRR) of 14 days and fine-tuning operations under the liquidity adjustment facility (LAF) averaging Rs 9 lakh crore per day as against Rs 7 lakh crore during June to August 2021, he said.
To strengthen corporate governance practices and disclosure requirements, Sebi has notified new rules, including that top 1,000 listed firms will have to formulate a dividend distribution policy. The regulator has also put in place a framework in relation to applicability, constitution and role of the Risk Management Committee (RMC) and eased norms for re-classification of a promoter as a public shareholder, according to a notification dated May 5. In addition, the regulator has asked listed firms to make available audio and video recordings of analyst and investor meets on their websites as well as stock exchanges within 24 hours or before the next trading day and also notified rules regarding Business Responsibility and Sustainability Report (BSSR).
The apex court-appointed Justice Rajendra Mal Lodha committee moved the Supreme Court seeking a direction to appoint former home secretary G K Pillai as an observer to guide' the Board of Control for Cricket in India in the administrative works including award of contracts, transparency norms and holding of future domestic, international and Indian Premier League matches.
The board of directors of Tata Consultancy Services (TCS) has revised the maximum salary limit of chief executive officer (CEO) and managing director N Chandrasekaran to Rs 10,00,000 per month.
BMS general secretary Virjesh Upadhyay said, "There are many anomalies in the draft rules on Code on Wages which need to be amended. The new rules are silent about many provisions clearly provided in the four Acts subsumed in the code."
The RBI wants to enforce more transparency in public sector banks. Manojit Saha The Apex bank wants the government t oreduce stakes in PSUs.
The second central public sector units (PSU) pay revision committee report has suggested a new classification of state-owned companies linking salaries and remuneration to productivity and performance.
The chairman of the committee, A K Mathur, sought abolishment of the two-year edge accorded to the IAS officers for empanelment, compared to other services, saying it was an 'archaic concept'.
Ravi Shastri will pocket around Rs 8 crore per annum, which is atleast a crore more than previous coach Anil Kumble's salary.
Laxman said the COA has been using the CAC only for selection of senior national coaches despite promising a broader role earlier.
Sebi's stewardship code for mutual funds and alternative investment funds lays down six principles to improve corporate governance standards in their investee companies, reports Jash Kriplani.
'We have taken all the recommendations of the CAC for Ravi Shastri as head coach and we will further discuss with him appointment of other coaches. We have set up a committee and they will speak to them (CAC), communicate with them after talking to Shastri. The support-staff has been decided in consultation with the head coach'
The central bank filed an affidavit in response to a petition filed by Kochhar last month, challenging her ouster as the chief executive and managing director of ICICI Bank months after she voluntarily left the private sector lender. The bank, while terminating her employment, also denied her remuneration and rescinded the bonuses and stock options given to her from April 2009 to March 2018. She was accused of playing a role in grant of out-of-turn loans of Rs 3,250 crore to Videocon Group, which allegedly benefited her husband, Deepak Kochhar.
Mike Brearley and Brendon McCullum warned of "a looming potential crisis" in international cricket and stated the game could soon reach a "point of no return" as it struggles to compete with T20 leagues across the world.
Remunerations dominated former India coach Anil Kumble's 19-page proposal on restructuring of contracts to the Board of Control for Cricket in India in which he had demanded that the 'chief coach should earn 60 percent of the captains' estimated earnings'.
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
India's chief coach Ravi Shastri feels that Test specialist Cheteshwar Pujara should remain in the top bracket when the Board of Control for Cricket in India and Committee of Administrators (COA) thrash out the revised central contracts based on the new remuneration structure.
The comments come about a week after PSU bank employee unions went to a four-day relay strike to press for early revision of wages.
Releasing the survey report after taking into account the expert committee recommendations, Statistics Secretary Pravin Srivastava told reporter, "It is a new design and a new matrix. It would be unfair to compare it with the past. This 45- year high is your interpretation. I don't want to claim that it is 45-year low or high."
The Board of Control for Cricket in India on Sunday decided to seek a fresh legal opinion on the controversial "low" valuation of the Indian Premier League team Chennai Super Kings when it demerged from its parent company India cements, headed by former Board president Narayanswami Srinivasan.
For states like West Bengal, Bihar, Odisha, Jharkhand and Uttar Pradesh, where migration is high, the return of workers could be as much an opportunity as a liability. All states have launched portals to register migrant workers; additional fields like nature of employment and remuneration in the past 2-3 years are being added to help in skill mapping.
The Board of Control for Cricket in India on Sunday rubbished media reports that the Cricket Advisory Committee (CAC) wants to be suitably remunerated for picking the Indian team's head coach, terming them 'baseless and malicious'.
Currently, an IAS and IFS officer are accorded a pay advantage or financial edge.
Data shows that the current system of decentralised marketing and centralised procurement helps Punjab and Haryana farmers the most, while its efficacy in other states has been poor. Experts and farm leaders say success of the laws rests heavily on implementation.
Parliamentary Standing Committee on Human Resource Development headed by Satyanarayan Jatiya has slammed SAI for not roping in sportspersons even 20 years after being asked for restructuring of the "unwieldy and monolithic bureaucratic organisation
Former India captain Sunil Gavaskar has asked for an amount of Rs 1.90 crore as remuneration for rendering his services as president BCCI-IPL.
The order, which set aside the August 9 ruling of a single-judge bench, prevented the group entities from publishing the voting results of the last AGM. However, the firms will now be able to execute decisions taken at the AGM last year. People in the know said the Birlas would appeal against the order in a higher court.
Banded under the All India Kisan Sangharsh Coordination Committee, which claims to be an umbrella body of 207 organisations of farmers and agricultural workers, thousands of farmers arrived in Delhi on Thursday, on trains, buses and other modes of transport. The AIKSCC was formed under the aegis of All India Kisan Sabha and other Left-affiliated farmers' bodies in June 2017, following protests by farmers in states such as Maharashtra and Madhya Pradesh for debt relief and remunerative prices. On Friday, they marched to Parliament demanding for loan waivers and increased remuneration. Adnan Abidi/Reuters was able to photograph different farmers participating in the rally. The one takeaway: They may all look very different, but their woes are all the same.
Maxwell scored unbeaten five runs and picked two wickets to help his club Fitzroy Doncaster secure a win over Geelong. On the other hand, Maddinson played a knock of 58 for St Kilda to beat Casey-South Melbourne.
Sacked Delhi Minister Sandeep Kumar on Saturday surrendered before police hours after a woman, who purportedly figured in an "objectionable" CD, filed a rape complaint against him
FIFA's Sepp Blatter may have been banned for eight years from the game but he is still receiving his president's salary from world soccer's governing body, a spokesman for FIFA's Audit and Compliance Committee told Reuters on Monday.
England, who have won both the one-day and Twenty20 series against Sri Lanka, play a two-day practice match in Colombo before heading to Galle which hosts the first of the three Test matches from November 6.
Batting for greater transparency, a Sebi panel said sound corporate governance helped companies generate "significantly greater returns".
