The government on Thursday said it has prosecuted over 13,000 companies during the three years ending 2008-09 for not following the provisions of the Companies Act.
Muslims' enrolment at secondary level of education is less than that of the scheduled castes, a government survey has indicated.
Corporate Affairs Minister Salman Khurshid on Wednesday said that the bail granted to B Ramalinga Raju, the tainted founder of Satyam Computer Services, will not hamper investigations.
Corporate affairs minister also rules out private sector job quota.
Corporate Affairs Minister Salman Khurshid on Tuesday said there is no cause for worry about the possibility of US market regulator SEC slapping a penalty on Mahindra Satyam, related to the multi-crore fraud at the erstwhile Satyam Computer.
The Company Law Board earlier this year, extended the deadline for filing of restated accounts from December 2009 to June 30, 2010.
The resolution of Jamiat Ulama-e-Hind asking Muslims not to recite 'Vande Mataram' is "unacceptable" and will be "counter-productive", said Minority Affairs Minister Salman Khurshid.
'Despite our being a part of a welfare state, benefits are not trickling down to the intended beneficiaries at the desired levels. People's aspirations about leading a dignified life are often met with challenges. One of them, primarily, being poverty'
Yoginder Sikand reviews Salman Khurshid's Sons of Babur -- A play in search of India.
The corporate affairs ministry on Monday told the Rajya Sabha that companies can pay higher salaries to the top brasses after getting approval from the government under the existing Act.
Corporate India on Monday warned the government that any regulation of CEOs' pay may lead to flight of talent and capital from the country and said salaries are best decided by the industry.
The G-20 meeting of finance ministers and central bank governors at London recently discussed the issue of high salary and bonuses.
India is in the cusp of a reverse brain drain as the country's great minds are flocking back to the resilient economy that has withstood the global meltdown, Salman Khurshid, minister of state for corporate and minority affairs, has said.
The high-voltage battle between the Ambani siblings -- Mukesh and Anil -- has put under stress the legacy of their father Dhirubhai Ambani, Corporate Affairs Minister Salman Khurshid said on Tuesday.
The government decided to withdraw its two nominees from the Maytas Infra board following the Company Law Board order handing over the reins of Maytas Infra, promoted by kins of disgraced founder of Saytam, R Ramalinga Raju, to IL&FS.
Finance Minister Pranab Mukherjee will hold talks with the opponents of Women's Reservation Bill before the government's takes the next step on it, Minority Affairs Minister Salman Khurshid said on Thursday.
The two also met corporate affairs minister Salman Khurshid, who asked them to keep his ministry in the loop.
The Corporate Affairs Minister Salman Khurshid said on Friday investigations into the multi-crore accounting fraud in Satyam Computers is almost complete and a final report from the Enforcement Directorate and the Internal Revenue Services is awaited.
Congress president Sonia Gandhi also decided to convene a 'Chintan Shivir', a brainstorming session from May 13-15 in Udaipur.
Terming the nearly Rs 10,000 crore (Rs 100 billion) scam in Satyam Computers as an aberration, the government on Thursday said the proposed new Companies Bill provides more stringent provisions to avoid such frauds in the future.
Does not want Satyam shareholders to be punished twice.
A source close to the development pointed out that, with the newly-appointed Minister of Corporate Affairs Salman Khurshid publicly stating that Tech Mahindra would have to deal with the excess employee issue with 'sensitivity', this is one point that will surely be discussed.
Rejecting Pakistan Prime Minister Nawaz Sharif's demand for United States intervention in resolving the Kashmir issue, External Affairs Minister Salman Khurshid on Sunday said India will not accept this as the matter is a bilateral one agreed to between the two nations.
India has urged the US Securities Exchange Commission (SEC) not to impose fine on Satyam, now Mahindra Satyam, in view of irregularities as the company was also listed there.
The Congress on Monday gave a clean chit to former Prime Minister Atal Bihari Vajpayee and spiritual preacher Deoraha Baba, whose names figure in the list of those found culpable by the Liberhan Commission, for the demolition of the Babri Masjid on December 6, 1992. "Vajpayee's name was not in the conspiracy (to demolish Babri mosque). His name was only in one of the lists," Minority Affairs Minister Salman Khurshid said.
The government on Thursday said cost accounting body ICWAI can change its name to Institute of Cost and Management Accountants of India.
"During this month, the SFIO will begin the prosecution on those or those areas of company laws that the SFIO is expected to and have been authorised to proceed with," Corporate Affairs Minister Salman Khurshid told a press conference in New Delhi.
Over 3.7 lakh companies have not filed annual returns and balance sheets, which is mandatory under the Companies Act, for the fiscal year 2008-09, Parliament was informed on Thursday.
Amid the raging debate over high CEO salaries, industry chamber Ficci's President Harsh Pati Singhania said if talent is to be attracted one has to pay for it and that in most cases they are "within limits".
Continuing its association with the Aam Aadmi, the Congress's slogan for the 2009 Lok Sabha poll, which was unveiled on Friday, banks heavily on the common man. 'Aam admi ke badte kadam, har kadam par Bharat bulund', is the Congress' theme to woo the common man. Interestingly, the new slogan for the Parliamentary election has been penned by Union Information and Broadcasting Minister Anand Sharma and senior Congress leader Salman Khurshid.
Trade unions on Tuesday went one step ahead of Corporate Affairs Minister Salman Khurshid on the issue of CEOs' salaries suggesting their remuneration must be regulated by law as 'self-regulation is no remedy'.
The issue regarding remuneration of company CEOs will be debated by the parliamentary standing committee.
The government has set up an early warning system to detect Satyam-like corporate frauds on a pilot basis by keeping the accounts and activities of 50 identified companies under the scanner.
Infrastructure major IL&FS has replaced the B Ramalinga Raju family as promoters of crisis-hit Maytas Infra and will pump in Rs 55 crore (Rs 55 million) to revive the company.
The special cell of Delhi Police arrested Mohammad Salman Khurshid, Abdul Rehman and Mohammad Akbar Hussain from the Red Fort area on Tuesday, Joint Commissioner of Police (Special Cell) Karnal Singh told PTI.
The Companies Bill, 2008, which lapsed with the dissolution of the 14th Lok Sabha, was reintroduced by the corporate affairs minister Salman Khurshid in the Lower House amid din. Besides other things, the new Bill will be shorter and will try to harmonise the company law framework with sectoral regulations.
Salman Khurshid, who holds the portfolios of minority affairs and corporate affairs, tells Sreelatha Menon that he wants greater public participation in development programmes.
Union Minority Affairs Minister Salman Khurshid said on Wednesday that Indian Muslims have failed to show their existence not only in the country but also outside it, underlining it as the reason why US President Barack Obama made no mention of them while expressing his desire to speak to Muslims of the world.
The government's position on a meeting that a journalist had with 26/11 mastermind Hafiz Saeed got endorsement from an unexpected quarter on Wednesday with Congress leader Salman Khurshid saying it was a "private initiative" and the Indian High Commission in Islamabad had nothing to do with it.
This is in the backdrop of the arrest of R Vasudevan, the seniormost CLB member, on November 24. This has left the board with just two members to hear the pending cases that run into thousands.
