The Enforcement Directorate (ED) has filed its first chargesheet in connection with a money-laundering probe linked to alleged irregularities in the Delhi Jal Board (DJB), official sources said on Saturday.
Even as the government today gave Saurabh Chandra, secretary, department of industrial policy and promotion (DIPP), the additional charge of secretary, Department of Commerce, Dinesh Kumar Mittal has emerged as the front runner for the post.
The government can also individually exempt the PSBs, that are to be privatisated from the two Bank Nationalisation Acts. This will bring such lenders under Banking Regulation Act, and make them companies, reports Nikunj Ohri.
Seek easing of asset classification guidelines for better credit flow.
National Advisory Committee-pushed plan might be part of Budget 2013-14.
Rajan has shifted from the conventional ground floor room occupied by CEAs to a room on the first floor, adjacent to Chidambaram's office.
He was previously Prasar Bharti CEO.
He will take the place of Subir Gokarn, who was in-charge of the monetary policy department, has retired.
His term was due to end on November 24. He was appointed in November 2009 for a period of three years.
Delhi Chief Minister Sheila Dikshit told reporters problems faced by people in opening bank account using the unique identity card Aadhaar was raised by most of the chief ministers in the meeting.
"Canara Bank is the lead banker of lenders' consortium to DCH and the bank is conducting forensic audit of DCH," Financial Services Secretary D K Mittal told reporters.
HSBC's India staff have come under the scanner for deficiencies in their role as 'offshore reviewers' of the global banking giant's compliance to safety mechanism against money laundering and terrorist financing.
The Ministry of Corporate Affairs on Thursday said it cannot investigate alleged irregularities in multi-level marketing company Speak Asia as the company is not registered with it.
There are about 87,000 branches of public sector banks across the country.
"The notification will be finalised in the first week of May and would be implemented from June 1, 2011," Secretary in the Ministry of Corporate Affairs D K Mittal told reporters on the sidelines of a FICCI event in New Delhi.
Also considered as a green initiative, it would help the units reduce transaction cost and time.
In its meeting in New Delhi, the inter-ministerial Board of Approval also approved India's largest stainless steel producer JSL's proposal to surrender its sector-specific SEZ in Orissa, Commerce Ministry Additional Secretary D K Mittal told PTI.
The top bureaucrat's comments are diagonally opposite to the opinion expressed by corporate affairs minister Murli Deora who had favoured making the allocation of 2 per cent of net profit for CSR mandatory.
Negotiators from the two sides will meet in July either at Brussels or Geneva, additional secretary in the commerce ministry D K Mittal told PTI.
The BoA also allowed three developers, including Unitech Infopark, to surrender their SEZs, he said, adding they would have to pay back the tax concessions availed while executing the projects and other pending dues.
Exports from special economic zones (SEZs) are likely to touch Rs 2 lakh crore in 2009-10, a 100 per cent jump from the year-ago period, with Reliance Industries' Jamnagar special economic zone expected to contribute the most to the kitty.
The farm bills passed by Parliament mark the watershed in the liberation of India's farming community from the shackles of exploitative practices that slow-pedaled their progress, the former civil servants said.
In the previous fiscal, exports from the SEZs was Rs 99,689 crore (Rs 996.89 billion). Exports from Reliance Industries' Jamnagar refinery is likely to contribute substantially to the total shipments this fiscal, another official said.
"We are confident that the status quo will be there...the issue has been taken up at the highest level," additional secretary in the Commerce Ministry D K Mittal said.
India's exports to the NAFTA region, which is estimated to touch $12 billion this fiscal, could increase further if exporters adopted a strategy focussing on core areas where India was competitive, a senior official said on Monday
RRBs were formed under an Act to provide credit to small farmers, agricultural labourers and businesses in rural areas.
About 50 per cent of the accounts that availed of the EMI moratorium amid the pandemic, which made things worse in an already slowing economy, are expected to be restructured, and of these accounts that would undergo restructuring, one-third, or Rs 6-9 trillion, could turn into NPAs.
Railways is keen to generate additional revenues this year.
Consumer prices rose an annual 5.11 per cent (2012 base) in January.
Did men and women of redoubtable experience and public service, upholders of the country's steel frame and paragons of corporate governance, never smell a rat?
.jpg)
Railway Board Chairman Arunendra Kumar said the discussions at the day-long meet involved an overview of five models of participative policy, framework of engineering, procurement and construction contracts and sectoral guidelines for foreign and domestic investment.
The court was hearing petitions challenging the Aadhaar scheme.
Budget is likely to focus on infrastructure creation in the N-E
In his book, former governor Subbarao says Chidambaram, Pranab were piqued by his tight rate policy.
Modi government has to come up with a robust economic agenda to impress the masses.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances