The finance ministry has asked government banks to shift to a system where non-performing assets (NPAs) are identified by technology. The aim is to avoid human interference. The ministry has told the government banks to put the system in place by March 2011.
The Government has assigned duties to senior officers presently working in Delhi in various Ministries/Departments in relation to the Commonwealth Games. These Officers would be deputed on part-time basis to oversee the preparations at the major Commonwealth Games venues, to solve coordination problems and bring to the notice of Secretary, Department of Sports and Cabinet Secretary for any intervention that may be required.
The Ministry of Corporate Affairs has an Investor Grievances Management Cell (IGMC) at the Headquarters and nodal officers at all field offices of Regional Directors (RD) and Registrars of Companies (ROC) for redressal of investors’ grievances. The investors may take up their grievances with the concerned nodal officers.
The Government has found that all the 10 Indian Premier League (IPL) franchises did not comply with specific provisions of the Companies Act. It has instructed Registrar of Companies to scrutinise the documents of these firms and initiate penal action, wherever required.
