Without giving specific details, Sebi said that SBI was being probed for 'alleged violation of regulations' contained in as many as 11 sections, sub-sections and clauses, including those related to the Code of Conduct, of the Securities and Exchange Board of India (Debenture Trustees) Regulations.
The Infosys Science Foundation on Monday announced the winners of the Infosys Prize 2010 recognizing outstanding contributions to scientific research that have impacted India.
In several parts of the metropolis, shops were shut in protest and schools held prayer meets as a mark of respect to the CRPF personnel who were killed on Thursday.
At present, the EPF subscribers are exempted from paying income tax on deposits.
Former President A P J Abdul Kalam, who turned 80 today, celebrated his birthday by planting saplings along with hundreds of children and farmers.
Sleuths of the Income Tax department on Monday conducted searches at the Lilavati Hospital in Mumbai in connection with the alleged financial irregularities committed by its trustees and owners, sources said.
The Supreme Court on Wednesday issued notices to the Centre and the Reserve Bank of India on a petition seeking probe into the alleged money laundering by the trustees of Mumbai's Lilawati Hospital.
In an embarrassment to the Bharatiya Janata Party gernment in Madhya Pradesh, the Supreme Court on Wednesday decision of the state authorities to allot at throwaway prices land to a trust named after late party leader Kushabhau Thakre.
Our stand has been vindicated and the amount of Rs 34.5 lakh does belong to Prashanthi Nilayam (Sathya Sai Baba's ashram in Puttaparthi), said Shahnawaz Kasim, deputy superintendent of police, Ananthpur district. He was speaking on the backdrop of two trustees of the Shri Sathya Sai Central Trust being questioned by the police in connection with a case in which Rs 35.5 lakh was being transported out of Puttaparthi.
As per tradition, only men were allowed entry daily between 6-7 am into the area where the main 'linga' is placed, that too by putting on a specific gear called the sovala (silk clothing).
NCLT in its judgement said: "The removal of Cyrus Mistry as executive chairperson was because the board lost confidence and not because they were contemplating that he would cause discomfort to Ratan Tata, N Soonawala and others.' "The Board is competent to remove an executive chairman. Mr Mistry's removal from the position of director came because he admittedly sent out company information to the I-T (department), press, and came out in public against the board and the trust."
JPMorgan Chase was "at the very centre" of Madoff Ponzi scheme
With Sathya Sai Baba's last rites performed on Wednesday, the next question which arises is that of the future of Puttaparthi. There has been speculation regarding the future of Puttaparthi after Baba's passing away on Sunday, and the members of the trust will brief the media on this issue at 11 am on Thursday.
Following the demise of Sathya Sai Baba, the Andhra Pradesh government, which has been in talks with the trustees at Puttaparthi, wants to ensure that the take over of the trust should be free from any controversy.
News from Puttaparthi continues to be grim with the latest medical bulletin on Saturday morning stating that the condition of Sathya Sai Baba continues to be critical.
Giving a completely new dimension to the entire controversy that dogged the temple town of Puttaparthi, Ratnakar -- a trustee in the Sri Satya Sai Central Trust and Sai Baba's nephew -- has said that the Rs 35.5 lakh, which was seized in transit by the police, did not belong to the trust.
A six-time member of Parliament, Kumar had climbed the political ladder steadily from being an Rashtriya Swayamsevak Sangh worker to be the Union minister in his thirties.
Retirement fund manager EPFO has decided to suspend further investments in the LIC Housing Finance till CBI completes investigations into the alleged involvement of its top official in the bribes-for-loans scam.
Till he took over, political parties ferrying people to the polling stations was considered quite 'normal', and it was during Seshan's stint that it became impossible with the model code being made sacrosanct.
Sathya Sai Baba's ashram Prashanthi Nilayam at Puttaparthi in Andhra Pradesh, which had gone quiet after the death of the spiritual guru on April 24, is back in the news with the trustees finding cash of Rs 11.5 crore, 98 kgs of gold and silver articles weighing 307 kilograms from his private room. The money and valuables took 36 hours to count.
Finance Minister Pranab Mukherjee will soon give the green signal to the payment of 9.5 per cent interest rate on provident fund deposits during 2010-11, a senior government official said on Tuesday.
Ussue will be raised at the meeting of the Central Board of Trustees of the Employees Provident Fund Organisation on Tuesday.
"The huge foreign currency recovered during raids from the Gyuto Monastery, the transit home of the Karmapa, are donations and offerings from devotees and the Karmapa has no links with it as the affairs of the trust are managed by trustees," Chief Secretary Rajwant Sandhu told media persons in Shimla.
At least 30 people have lost their vision after they underwent cataract surgeries conducted by a charitable trust-run hospital at Mandla in Madhya Pradesh.
Some of the rare personal belongings of Mahatma Gandhi, including spectacles and sandals, exhibited at Kasturba Dham near Rajkot have gone missing, the memorial's manager has claimed.
The rumour is that he has in his possession a will that names him as the person who will have absolute control over the trust.
The judges said both the matters were similar involving entry of women in the religious shrines, and hence they would like to see what view would Supreme Court take on the issue before they give a ruling on the interim relief sought by the petitioner in the Bombay high court.
The order said the NGO has transferred an amount of Rs 2.46 lakh from its foreign contribution designated account to Sabrang Trust domestic account, thus mixing of domestic and foreign funds and violating the rules.
Thanks to Nagpal's effort to point out the calculation errors, EPFO managed to spot some additional resources to increase the interest rate.
Often criticised for offering less attractive interest rates than banks for most of the last five years, retirement fund manager EPFO hiked the annual rate of returns on employee provident funds to 9.5 per cent in 2010 and this time around, the banks were left behind.
Retirement fund body EPFO on Wednesday said its corpus of about Rs 3.5 lakh crore will now be managed only by one of the existing fund manger, SBI, for a three month period ending June 30 as an interim arrangement.
'MFs acted as reckless lenders and not as prudent investors.' 'Clearly, how debt funds are being run is a systemic issue,' warns Debashis Basu.
Gujarat police opposed in the Supreme Court the anticipatory bail plea of Teesta Setalvad.
Amartya Sen was the other Presidency alumni to win the Economics Nobel. Banerjee won the 2019 Nobel Economics Prize along with two others - his wife Esther Duflo and Michael Kremer on Monday "for their experimental approach to alleviating global poverty."
The finance ministry wants the Employees' Provident Fund Organisation to bypass the central board of trustees when deciding how to invest a portion of the Rs 5-lakh crore (Rs 5 trillion) provident fund corpus in the capital market.
The Trust has been running a vocational training centre on state land allegedly without proper authorisation.
The idea behind Bharatiya Yuva Shakti Trust (BYST) is to support 'disadvantaged, young micro-entrepreneurs from the underprivileged background, with mentors, training, networking, marketing and loans'.
With Rs 5.5 crores and counting, Mumbai's favourite Lord Ganesha, Lalbaugcha Raja, has turned richer this year.
The apex court had made it clear that it would not go by "sentiments".
The Karnataka High Court has refused to grant a stay on an appeal against City Civil Court's order of April 8 directing the trustees and Britannia Industries to pay the outstanding pension dues as per fund rules to the petitioners within the next two months.
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