India will set up a high-level committee to identify areas for expanding economic ties with the United States, from where it expects an estimated investment of $250-300 billion in infrastructure space.
The latest extension will allow Bhalla to stay in the post during the general elections due early next year.
For the initial public offering (IPO) of the Life Insurance Corporation of India (LIC), the Centre has shortlisted 50-60 anchor investors, which include BlackRock, Sands Capital, Fidelity Investments, Standard Life, and JP Morgan, and will soon finalise its anchor book. The feedback from anchor investors has led to price discovery in LIC shares, valuing India's largest insurer at around Rs 7 trillion, said an official aware of the development. The "attractive valuation" is seen widening the investor base by providing an opportunity to more of them to participate in the IPO, the official added.
The Finance Ministry should encourage local manufacturing of currency paper to check counterfeits and exempt its production from excise duty, a high level committee has said.
The structure and the exact mandate of the high-level committee set up to probe the alleged financial irregularities related to the conduct of the Commonwealth Games 2010 remain unclear even a week after the setting up of the panel was announced.
The government on Monday said it is initiating all possible measures to help states facing a water crisis and drought-like situation."Faced with water crisis, states like Maharashtra, Gujarat, Karnataka, Rajasthan and Kerala have sought assistance from the Centre. Relief is being provided to them based on recommendations of a high-level committee," Minister of State for Drinking Water and Sanitation Bharatsinh Solanki said in Rajya Sabha.
Congress members Ami Bera, Pramila Jayapal, Ro Khanna, Raja Krishnamoorthi and Shri Thanedar released a joint statement after receiving a classified briefing from the Biden Administration on Gupta's indictment.
ICC general manager of cricket Wasim Khan said the issue was raised in one of the Cricket Committee meetings but was not taken forward.
Moreover, the absence of a liquid market for various types of assets also makes such estimation inappropriate, it said. One of the terms of reference of the committee was to examine if corporate saving estimation should be done on an MTM basis. MTM refers to the present value of assets based on their market prices.
The three-member committee was constituted following a direction from Prime Minister Manmohan Singh, who is currently abroad, government sources said. However, the defence forces have now agreed to accept the pay scales with the existing 'anomalies', but would wait for a decision from the committee in which Defence Minister A K Antony and Finance Minister P Chidambaram would be members.
The Income Tax department has collected documents pertaining to tenders and award of contracts for its "two pronged" probe into the finances of the Commonwealth Games even as a high-level committee headed by a former CAG goes into allegations of corruption related to the mega sporting event.
The Union Cabinet on Tuesday approved the Judicial Standards and Accountability Bill. According to the provisions of the Bill, judges would not be allowed to delay judgments beyond three months after the conclusion of arguments. The Bill lays downs standards and accountability for members of the higher judiciary.The Bill aims at laying down judicial standards and establishing a mechanism to deal with complaints of 'misbehaviour' or 'incapacity' of a judge of the Supreme Court
The high-level committee that probed the Mumbai 26/11 attacks has blamed the management of Taj and Oberoi hotels for ignoring the security advice given to them much ahead of the terror strikes.
The decision that came soon after the Bharatiya Janata Party's poll victory in four of the five states was taken after a high-level committee submitted its report to the Railway Board.
The high level of capital inflows has forced the government to put fresh restrictions on ECBs. In August this year, the Reserve Bank of India tightened ECB rules by limiting the use of foreign loans in India at $20 million per company.
The recent data dims hope of recovery in manufacturing.
External Affairs Minister S Jaishankar on Monday held wide ranging discussions with Iranian counterpart Hossein Amirabdollahian in Tehran and their discussion focused on the long term framework for India's involvement with the strategically vital Chabahar port and the North-South connectivity project.
Over 4,500 phones were intercepted during the month of August in addition to more than 5,000 phones which were already being tapped.
More than a year after its constitution, a Group of Ministers that examined reports of the prime minister-appointed High Level Committee on alleged Commonwealth Games related irregularities, is in the process of finalising its findings. The GoM, under the leadership of Defence Minister A K Antony, was constituted on August 2 last year and asked to submit its report within three months.
A high-level committee appointed by the Maharashtra government to go into the Mumbai terror strikes has found serious lapses on the part of the then Mumbai Police Commissioner Hasan Gafoor in handling the 'war-like' multi-pronged attack.
Global trends, trading activity of foreign investors and movement of oil benchmark Brent crude would dictate terms in the domestic markets this week, analysts said. Equity markets, which fell nearly 3 per cent last week, may face volatile trends amid the monthly derivatives expiry on Thursday. "This week marks the September month Futures and Options (F&O) expiry, which is expected to bring about volatility in the market," said Santosh Meena, Head of Research, Swastika Investmart Ltd.
A high-level committee on External Commercial Borrowings chaired by Finance Secretary D Subbarao is expected to take a final view on the matter this week. The committee comprises officials of the ministry of finance and the Reserve Bank of India. A high-level committee on External Commercial Borrowings chaired by Finance Secretary D Subbarao is expected to take a final view on the matter this week.
A high-level committee set up to suggest a blue print for modernisation of cash-strapped railways will submit its report shortly, said its chief Sam Pitroda while dismissing report of having recommended 25 per cent hike in passenger fares linking it to inflation.
In a move to protect the interest of investors, the Securities and Exchange Board of India has asked a high-level committee to suggest guidelines for the power of attorney that investors issue in favour of their brokers. The agreements that are signed between brokers and investors are also up for review.
Former Governor of Punjab Shahid Hamid and ex-cricketer Intikhab Alam have been named in the Pakistan Cricket Board's high-level committee to probe the dope scandal involving pace duo Shoaib Akhtar and Mohammad Asif.
The government is understood to have decided to infuse additional equity in Air India and give a soft loan to counter the financial crunch, as a high-level committee on Saturday asked the Civil Aviation Ministry to move a note on the issue for consideration of the Union Cabinet. There was no official confirmation of the quantum of equity infusion and the soft loan the government could give to the national carrier.
A committee headed by the Rajasthan chief secretary will be set up soon to implement the decision to accord five per cent reservation in jobs to Gujjars and three other communities and 14 per cent to economically poor among forward castes in the state. This was stated today by Chief Minister Ashok Gehlot, who said that a Gazette notification on the Rajasthan Reservation Act-2008, which was approved by Governor S K Singh on Thursday night, will be issued soon.
Amidst a debate on controversies surrounding some of the Comptroller and Auditor General reports, the high level committee that went into the Commonwealth Games related projects, has suggested changes in the functioning and structure of top audit and vigilance bodies like the Comptroller and Auditor General making it a three-member body.
While the basic premise and spirit of the Code will remain the same, the commas and the full-stops in the draft report being prepared by a high-level committee will make interpretation of the law simpler
In the 56-page report released to the media after laying down office as Vigilance Commissioner, R C Samal accused three ministers and 18 senior All India Services (IAS, IPS and Indian Forest Service) officials of indulging in corrupt practices.
The government has started the process to appoint the next Chief of Defence Staff (CDS) and a list of names based on recommendations from the three services will soon be submitted to Defence Minister Rajnath Singh for approval, officials said on Friday.
Bailout packages for fiscally stressed states are in the works, as the government seeks to garner political backing for the key policy reforms it plans to fast-track after the five state elections. A senior finance ministry official involved in the process said a high-level committee under expenditure secretary Sumit Bose had held consultations to identify measures to help West Bengal, Punjab and Kerala.
'The prime minister's comment on 'revdi culture' was welcome. But I am disappointed he did not follow up on that.' 'All political parties, including the BJP, have been guilty of this.' 'Now, Modi's guarantees, the Congress's 'nyay' path and both ruling and Opposition parties are vying with each other for freebies in my home state Andhra Pradesh.'
The body of Kaka Arjun (52) was found on Wednesday evening on Kongupalli-Ilmidi road in Bijapur, located more than 400 km from state capital Raipur, they said.
Economist Abhijit Sen, a former Planning Commission member and one of the country's foremost experts on rural economy, died on Monday night. He was 72.
'There is no other way but approaching the Supreme Court and the state government should immediately take steps on this'.
The Ministry of Women and Child Development set up the committee.
Legislators and influential persons in the government contact senior faculty members for health problems, and the faculty members in turn, take advantage of their contact to influence their own selections and promotions.
Rajya Sabha was adjourned sine die on Wednesday evening, two days ahead of the scheduled end of the Monsoon session, after the passage of four bills including on the OBC list and state-run insurance companies.
