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Finance : Explore the valuation requirements across different laws in India, including the Companies Act, IBC, SEBI, RBI, and Income Tax Act...
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Finance : Explore the International Financial Services Centres Authority (IFSCA) Regulations 2024, governing payment and settlement systems ...
Social networking site Facebook will next month introduce a payment system ‘Facebook Credits’ for Indian users who could spend the virtual currency across various games or applications they use on the popular website. A virtual currency, Facebook Credits is already popular among gaming enthusiasts in many other countries, including the US.
The salient features of the All India Railway Time Table Encouraged by the public response over the past few years all the user-friendly features of Trains at a Glance viz. how to read a table, route map, station index, trains between important stations, station code index, Train number index, Train name index, has been retained. Five digit numbering scheme for train services has come into force from 20th December, 2010. This has been necessitated as the numbers in four digit numbering scheme got exhausted as also to enable capture of all types of passenger train services viz. Duronto, Rajdhani, Shatabdi, and other Mail/Express services, sub-urban, holiday specials, etc. on Indian Railways. The five-digit train numbering has been accordingly indicated in Trains at a Glance.
Relatives of jailed former Union minister A Raja including his wife and brother were today questioned by the Income Tax department. Raja’s wife Parameswari and his brother A Ramachandran besides two other relatives were quizzed at the regional I-T office for about three hours.
Nearly 121 central government employees, including one from CBI, are under Central Vigilance Commission (CVC) scanner for their alleged involvement in corrupt practices. Railway ministry topped the list with 23 officials under CVC scanner, 17 are from DoT, 12 from Bureau of Indian Standards, seven from Central Board of Excise and Customs, six each from DDA and MCD among others, a CVC report said.
Central Information Commission (CIC) has drawn the attention of the CMD of the State Bank of Bikaner & Jaipur to the issue of sanctioning of applications under Pradhan Mantri Rozgar Yojana (PMRY) and to revisit the matter and direct branch managers of all branches of the bank in the state of Rajasthan and outside the State to review the reasons for turning down applications made under PMRY. Information Commissioner Smt. Deepak Sandhu gave this instruction to the Bank in its decision dated 27 June, 2011on an appeal filed against the State Bank of Bikaner & Jaipur regarding the refusal by the Kishangarh Rainwal branch to give reasons for the rejection of 38 applications (out of 80) made under PMRY. These applications were made during the period of 5 years prior to 10 October 2007. During the hearing respondent bank stated that each branch was given a target under this PMRY and it was possible that once the target had been achieved, the other applications were not considered.
– I did not expect the effect of shock injection of liquidity into the system by the United States. I could not anticipate that the Middle East would once again go into turmoil. Commodity prices, food prices, energy prices are variables over which we have no control. And if you exclude these I think the rest of the inflation is still marginally above what would be considered as inflationary. Now we have the no magic wand to bring down international commodity prices – particularly of food grains – we cannot force our farmers to part with their food grains for procurement at unreasonable prices. That will be suicidal to our farmers. One thing what this Government has done is, it has increased the procurement prices in a manner like no one has increased in the history of the country. (Interjection : That is the root of the problem.) No it may be the root of the problem but that is also our safety net. That agriculture is in good shape. That we have all time high stocks of foodgrains. We have at long last been able to reach out to large numbers of our people.
Qatar’s Supreme Council for Health (SCH) has warned against the use of Dr Ming’s Herbal Tea, produced by Chinese Angel Export and Import Company Ltd and used for slimming and weight reduction. SCH’s pharmacy and medicine monitoring department said the product contained the chemical element Sibutramine, an appetite suppressant found in weight-loss drug Reductil, which is banned all over the world on the grounds it can cause cardiovascular problems and strokes, Qatari daily Gulf Times has reported.
Union Finance Minister Shri Pranab Mukherjee has urged State Governments to reduce levies on Diesel, Kerosene and Domestic LPG in line with the duty cuts undertaken by Government of India, so as to provide some relief to the common man. In a letter to the Chief Ministers of States , Shri Mukherjee has sought the co-operation of States in this regard.
The Ministry of Civil Aviation has set up an Independent Accident Investigation Committee on 26.5.2011 to ensure independent, fair and transparent investigation of accidents. This Committee will work under oversight of Ministry of Civil Aviation. The Committee will have following functions and responsibilities:- Draw up a formal procedure for the notification of an accident of serious incident.
) The government has modified the guidelines for filling board-level vacancies in state-owned companies in time and also to help the Central Public Sector Enterprises (CPSEs) to improve performance. Under the new guidelines issued by the Public Enterprises Selection Board (PESB), the exercise to appoint board level functionaries would be initiated 16 months prior to the anticipated date of vacancy.
