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.
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.
Market regulator Securities and Exchange Board of India (Sebi) on Monday said it is looking at extending trading hours at the bourses but any early decision on it is unlikely.
The Centre will set up a high-level committee of secretaries for processing the Sixth Pay Commission's report for its employees. The Empowered Committee of Secretaries will be headed by Cabinet Secretary K M Chandrasekhar, Science and Technology Minister Kapil Sibal said after the Cabinet meeting.
The right policy response to global price increases is not straightforward. The draft report is wide-ranging in its scope, and it attempts to provide a coherent, integrated view of financial sector reforms that would equip India's financial sector to support growth, widen financial access and maintain stability over the next decades. The report is being released for public discussion at a critical juncture in both the domestic and global economy.
The strained relationship between the ruling Dravida Munnettra Kazhagam and its key ally Pattali Makkal Katchi on Friday reached a flashpoint with Tamil Nadu Chief Minister M Karunanidhi asserting that his party would take a decision whether to continue the relationship 'in five or six days'.Karunanidhi said that PMK leader and president of Vanniyar Sangam G Guru had spoken at a public meeting recently, threatening Union Minister A Raja and DMK MLA S Sivasankar.
The probe panel, constituted by Bihar's National Democratic Alliance government, on Tuesday confirmed that Union Rural Development Minister Raghuvansh Prasad Singh's kin had engaged two child labourers for tilling an agricultural land at Shahpur village in Vaishali district on December 9. The finding dealt a severe blow to Singh's assertion that some TV channels had stage-managed the story.
Government funds spent on productive asset creation through programmes and schemes are termed "Plan" expenditure, while "non-Plan" is a generic term that refers to all expenditure (including establishment and maintenance activities) of the government not included in the Plan.
"There is a high-level committee which is inquiring into the Scorpene leak on our side," Admiral Lanba said.
'Saying the private industry will come and transform India's space programme is real moonshine!'
A committee suggested that CSR expenditure be made tax deductible, in order to incentivise spending by companies. It also said that CSR should not be used as a means of resource-gap funding for government schemes.
"We should encourage greater outward investment by provident funds and insurance companies when inflows are high. Such diversification will make these funds more stable (give them less exposure to high volatility India markets)," said the draft report of the the Committee on Financial Sector Reforms, headed by former IMF Chief Economist Raghuram G Rajan.
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 CDS will be a four-star general and his salary will be equivalent to that of service chiefs.
The committee has also suggested two formulas for the reservation of seats for the indigenous people in the Assam assembly and Lok Sabha constituencies of the state, including 67 per cent quota for them.
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.
Guidelines have also been issued to improve the representation of minorities in the government, PSEs and banks.
The sixth Pravasi Bharatiya Divas was inagurated by Prime Minister Manmohan Singh at the Vigyan Bhavan in New Delhi on Tuesday. The prime minister announced that the government will set up a Global Advisory Council for Persons of Indian Origin. He said the council would comprise persons of Indian origin from all walks of life across the globe.
Udhayanidhi's ascension in the party is seen as a precursor to him being given key roles in the DMK in future which is now helmed by his 66-year old father Stalin.
'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.
Apprehending a slowdown in the growth of the economy due to the hardening of interest rates, the appreciating rupee and falling tariffs, the government has decided to set up a group to discuss the impact of these changes.
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.
Deogarh District Deputy Commissioner Amit Kumar, Superintendent of Police P Murugan and two other Health department officials were placed under suspension, hours after 10 devotees were killed in a stampede in the temple town of Baidyanath Dham.
Vouching for academic credentials of the students named in the probe report of the controversial Afzal Guru event on February 9, a group of Jawaharlal Nehru University faculty members has noted that the sequence of events "does not constitute a major act of indiscipline".
The government is taking the first steps towards opening of the Gulf region to private airlines -- by setting a high-level committee under the aegis of the aviation ministry -- to examine the contentious issue.
With an aim of boosting manufacturing and exports amid sharp fall in the rupee, the government has decided to take a slew of steps, including enhancing steel production capacity to 300 million tonnes and raising textile exports by 30 per cent this year.
The committee will be headed by retired Supreme Court judge Justice U C Banerjee, Finance Minister P Chidambaram told reporters in New Delhi after a Cabinet meeting.
The Supreme Court on Monday asked all the states to explain within six weeks as to why they should not be made liable to pay compensation to persons affected by bad air quality saying it is their bounden duty to provide basic civic amenities, clean air and drinking water to citizens.
'The armed forces cannot be an exception to the concept of citizenship in a multi-ethnic society. Nor can they demand to be shielded from scrutiny just because they perform a role in India's defence.'
A bench comprising Justice Arijit Pasayat and Justice S H Kapadia has asked the Customs Department to file an affidavit in this regard.
With market regulator SEBI having no objection, leading mutual funds including UTI AMC are now awaiting Reserve Bank's nod to invest in the equity of Fortune-500 companies.
Japan's biggest carmaker Toyota Motor Corp is considering an investment of Rs 1,500 crore
Decision against panel's suggestion.
'A confident India is now coming in contact with NRIs,' says J C Sharma, secretary, ministry of external affairs on the first conference of overseas Indians.
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