The RBI has given it (recommendations) to the Finance Ministry and is also consulting other stakeholders. Based on this, they will come out with draft guidelines (on new bank licences) soon and put it in the public domain for consultation,” Department of Economic Affairs (DEA) Secretary R Gopalan said on the sidelines of the 26th Skoch Summit here.
Buoyed by better-than-expected performance on government finances’ front in 2010-11, the Centre on Thursday said it will keep a tab on public expenditure to ensure that Budget targets for this fiscal too are achieved. Efforts to get the economy on the path of fiscal prudence are on track… The government is committed to achieve the fiscal targets, an official statement quoting finance minister Pranab Mukherjee at a meeting of Consultative Committee held on Wednesday said.
The Birmingham City Council led by the Conservative party has become the first council or local authority in Britain to cut jobs and outsource them to India, sparking protests from employee unions. Reacting to the council’s move, Unite union national officer Peter Allenson said: ‘This is an outrageous decision and Unite will fight tooth and nail to stop this Tory-led council from exporting valuable jobs overseas. ‘We fear that this could be just the beginning and other councils could follow suit. Thousands of public sector jobs could go. Once these jobs go they will not come back.’
Accounting regulator the Institute of Chartered Accountants of India (ICAI) today said it will soon conclude the disciplinary proceedings against S Gopalakrishnan and Srinivas Talluri, the two auditors embroiled in the multi-crore Satyam fraud.
It is notified for the information of all the registered members pursuing Certificate Course on International Taxation of the ICAI that the Assessment Test of the Course is proposed to be conducted on Sunday 3rd July, 2011 from 2.00 PM to 5.00 PM in the following centres: New Delhi, Mumbai, Kolkata, Bangalore, Ahemdabad
Stock exchange regulator said late on Thursday it has decided to permit stock exchanges to introduce one or more liquidity enhancement schemes (LES) in the equity derivatives segments. The scheme can be introduced for securities where the average trading volume for the last 60 trading days on the stock exchange is less than 0.1 percent of the market capitalisation of company concerned, the Securities and Exchange Board of India said in a statement. CIRCULAR No. CIR/DNPD/5/2011
This study provides empirical evidence of sensitivity of capital inflows to interest rate differential in the India specific context. Using both causality and cointegration analyses, this study suggests that FDI and FII equity flows, which together on a net basis accounted for around three fourth of the total net capital inflows during the 10-year period from 2000-01 to 2009-10, are not sensitive to interest rate differentials.
What is talent? We must define talent. We say that Lata Mangeshkar is a very talented singer or Sachin Tendulkar is a very talented player. No, I withdraw, they are like gods. Let me choose another example. It is common to say that Shreya Ghoshal is a talented singer or Gautam Gambhir is a very talented player. Do we also say that I have got a talented driver, or the carpenter who did the interiors at my home is very talented. While we are certainly talking about talent in respect of Gautam Gambhir and Shreya Ghoshal, it is the skill of the driver and the carpenter that we usually refer to and not their talent.
These rules may be called the Companies Director Identification Number (Second Amendment) Rules, 2011. (2) They shall come into force with effect from 12th June, 2011. 2. In rule 3,‑ (i) In sub-rule (3), para (b), the word ‘can’ after the words ‘the form’, shall be substituted by the word ‘shall’: (ii) In sub-rule (3), para (b), the words ‘or by the Managing Director or Director of the company in which the applicant intends to be a Director’ after the words ‘full time employment of the company’ to be deleted;
Under SION C-593, till now only HR coil/plates made of non-alloy steel were permitted input at Sl No. 1 of the SION. Now the definition of this input is modified to permit HR coil/plates made out of Alloy steel also. Description of export product has accordingly been amended to reflect the usage of Non alloy/alloy steel in the export product. There is no other change.
