With an aim to safeguard the investors from possible frauds involving collective investment schemes, the government has proposed a high-level committee of members from Reserve Bank, Sebi, Corporate Affairs Ministry and Economic Office Wing of state police departments.
Finance Minister Nirmala Sitharaman on Thursday announced a new job creation scheme by giving subsidy to those establishments that make new hires. The subsidy would be to cover for retirement fund contributions by employees as well as employers for two years, she said. Employees contribution (12 per cent of wages) and employer's contribution (12 per cent of wages) totalling 24 per cent of wages would be given to establishments for two years, she said. Under the Aatmanirbhar Bharat Rozgar Yojana, every Employees' Provident Fund Organisation (EPFO)-registered establishment taking new employees would get this subsidy.
There seemed to be some negligence on the part of the contractor, police said.
The recent data dims hope of recovery in manufacturing.
The Union health ministry on Tuesday said that aid received from other countries has been distributed in different states to help deal with the rising number of COVID-19 cases.
The Financial Inclusion Advisory Committee under RBI Deputy Governor K C Chakrabarty is expected to suggest appropriate regulatory framework to ensure that financial inclusion and financial stability move in tandem, the RBI said in a statement.
Security was stepped up after farmers threatened to block more highways connecting the national capital.
A devastating fire at a multi-storeyed building in Kolkata that claimed nine lives turned into the epicentre of a political slugfest on Tuesday, with the Trinamool Congress government and the Bharatiya Janata Party pointing accusatory fingers at the Railways and the state administration respectively, even as the bereaved families grieved at the loss of their near ones.
There is considerable speculation as to whether this award would have any bearing on another Vodafone-type case, namely, the ongoing tax-related arbitration proceedings with Cairn Energy.
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.
The government on Monday told the Supreme Court that a high-level committee in its report has suggested that alternative alignment other than mythological Ram Sethu for Sethusamudram project was not economically and ecologically feasible.
The Goa government on Wednesday announced the formation of a high-level committee, to be headed by a retired high court judge, to probe the irregularities being pointed out by the Justice M B Shah panel in its report on iron ore mining in the state. "The Independent High Level Investigation Committee will be headed by retired High Court Judge R M Khandeparkar, and will submit its report within two months," Chief Minister Manohar Parrikar said.
With India under pressure from Dravidian parties in Tamil Nadu to support a United States-sponsored resolution in the United Nations Human Rights Commission against Sri Lanka for alleged war crimes, United Progressive Alliance's key constituent Dravida Munnettra Kazhagam on Saturday announced the convening of its high-level committee on March 20 to discuss the issue. Party chief M Karunanidhi will chair the meeting on Tuesday morning at its headquarters in Chennai.
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.
The industry ministry has circulated a draft Cabinet note for allowing foreign direct investment in multi-brand retail, a move which will allay industry's concern over policy paralysis.
Modi urged the country to show patience during the vaccination drive as it had shown till now in fighting the pandemic.
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.
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.
Modi highlighted the fact that normal rules and procedures have been set aside in view of the emergency nature of requirement in Kerala.
Deepak Parekh, HDFC Bank Chairman, M S Verma, former SBI Chairman, Raghuram, Professor IIM, Ahmedabad, Rajiv Lal, IDFC MD and Vinayak Chatterjee, Feedback, Infrastructure Services Chairman are members of the committee.
After the initial release of funds, the central government follows certain rules and guidelines before awarding the final aid to any state for a natural calamity.
The accounting system of the central and state governments may change considerably, with a high-level committee suggesting sweeping changes in how expenditure is classified in Budget documents.
Moving swiftly after the conclusion of the Commonwealth Games, the government constituted a high-level committee headed by former Comptroller and Auditor General VK Shungloo to look into the organising and conduct of the Games.
An incident involving the president of the Bharatiya Janata Party Amit Shah being trapped in a lift at the state guest house in Patna for around 40 minutes will now be investigated by a high-level committee.
The varsity, however, clarified that it does not signify a "clean chit" to the students and that the final decision in this regard will be taken after examination of the report by the vice chancellor.
Prime Minister Manmohan Singh has constituted a ministerial panel, headed by Defence Minister A K Antony, to examine the findings of the Shunglu Committee that probed alleged irregularities in conduct of the Commonwealth Games in New Delhi last year.
Decks have been cleared for acting chairman D K Mehrotra to become the regular chairman of Life Insurance Corporation, as the finance ministry has decided to send his name to the Appointment Committee of Cabinet (ACC) for final approval.
The Shunglu Committee has faulted the sacked chief of Commonwealth Games organising body Suresh Kalmadi and his aides over award of contracts saying there was "extreme concentration of powers at the top" and "conflict of interest" among the organising committee officials.
Prime Minister Manmohan Singh on Friday told a delegation that a high-level committee would address their concerns on safety of the Kudankulam nuclear power project.
The government will create an EV Venture Capital Fund, for financial support to start-ups in the segment. The overall aim is to make Tamil Nadu the preferred destination for EVs and component makers.
A high level committee, which went into alleged financial irregularities in Commonwealth Games, has strongly indicted suspended Prasar Bharti CEO B S Lalli and Doordarshan Director General Aruna Sharma, accusing them of "collusion" with a UK-based firm which benefited Rs 135 crore in the broadcast deal.
Favours stricter impact mitigation rules, monitoring.
Upset over the naming of Tamil Nadu Chief Minister M Karunanidhi's daughter Kanimozhi in the 2G scam charge sheet, United Progressive Alliance's key ally Dravida Munnettra Kazhagam on Monday decided to convene a high-level committee meeting on Wednesday to plan its future course of action.
A bench headed by Chief Justice Dipak Misra said it would set up a high-level committee consisting of senior police officers to deal with issues relating to intervention in marriages by bodies such as khap panchayats.
In a major initiative, the government is set to approve on Thursday a new policy to boost manufacturing by reducing compliance cost for the industry and making the labour laws flexible.
The government on Tuesday said it follows a proper procedure in ordering interception of telephones and a high-level committee reviews each case individually before giving its final approval.
Commonwealth Games Organising Committee chairman Suresh Kalmadi on Saturday said he is ready to provide all kind of support to the Prime Minister-appointed high-level committee formed to look into allegations of corruption related to the conduct of mega sporting event.
Sources say that the constitution of the high-level committee headed by former Comptroller and Auditor General VK Shungloo to look into the organising and conduct of the Games, is just phase one of the clean-up ops.
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