) Despite their wealth, 41 per cent of high net-worth individuals (HNWIs) across the globe wish they had more self-control over their investment habits, a report has revealed. The Barclays Wealth Insights series said that a need for increased financial discipline is likely to be felt most by those at the wealthiest end of the scale (10 million-plus pounds), where 45 per cent of respondents wish they had more self-control.
Amid suggestions for opening up of multi-brand retail for foreign investments, finance minister Pranab Mukherjee on Wednesday said discussions were on to further liberalise the FDI policy. ‘Discussions are underway to further liberalise the FDI (foreign direct investment) policy,’ he said at the annual conference of chief commissioners and directors general of Central Board of Excise and Customs ( CBEC )) at New Delhi.
I acknowledge that individuals and organisations have a right to protest peacefully in a democracy. Police give permission for peaceful protest, after taking into account the overall law and order and security situation. For example, permission was given to the BJP to undertake a satyagraha on 5/6.6.2011. Today, permission has been given to Shri Anna Hazare and others to observe a fast from 10.00 a.m. to 6.00 p.m. at Rajghat. Sometimes, permission is refused. Ramlila ground is situated in a sensitive area. Delhi is a huge metropolis and maintaining law and order in Delhi and preventing any kind of disturbance or conflict is a complex task. A small spark can trigger a conflagration. Decisions to grant or refuse permission are taken by the Police authorities.
Against the backdrop of agitations demanding more openness and accountability in government functioning, defence minister AK Antony on Wednesday said the country is going through a ‘transparency revolution’ which can’t be stopped ‘midway’. ‘Country is passing through a new era revolution — the transparency revolution. The walls of secrecy are crumbling in every field gradually including politics, business, administration and judiciary. Once the trend has started, you can’t stop it midway,’ he said.
The Convocation for the newly enrolled Members admitted during the period September, 2010 to February, 2011 will be held as per schedule given below with a view to inculcate a sense of belongingness and attachment with the Institute.
A government committee has suggested raising interest rates on Post Office savings bank deposits to four per cent, a suggestion that could benefit lakhs of small depositors. The Committee on Small Savings also recommended linking returns on other small savings schemes with interest rates on government securities. It has also suggested that Kisan Vikas Patra (KVP) be withdrawn and annual investment limit for the popular Public Provident Fund (PPF) be raised to Rs 1 lakh from Rs 70,000 at present.
Acting on a court order, the CBI has withdrawn cases against 18 accused in the Rs 6.58 crore Provident Fund scam case, officials said on Tuesday. The report of withdrawal was filed in a special CBI court here yesterday after which judge Shyam Lal directed the agency to withdraw the cases against all accused. Cases were withdrawn after no charges could be proved against the accused, who were charged in the case on grounds of suspicion, CBI’s counsel advocate Bal Karan said.
1.Applicant should be a Partnership Firm with minimum of 2 partners. 2. The allocation of branches to the Auditors will be purely the prerogative of the Bank. 3. The Concurrent Audit firm should furnish the name and qualification of the persons, who would be conducting the audit before commencing audit assignment and such persons will have to continue audit for all the months.
The All India Annual Conference of the Chief Commissioners and Directors General of Customs , Central Excise and Service Tax will be held at Vigyan Bhawan , New Delhi on 8th and 9th June, 2011. The Union Finance Minister, Shri Pranab Mukherjee will inaugurate the Conference on 8th June, 2011 while Minister of State for Finance Shri S.S. Palanimanickam will preside over the valedictory function on 9th June, 2011.
Delays in action against black money by way of committees and studies will give time to corrupt politicians, businessmen and bureaucrats to divert their ill-gotten funds into shell companies, an eminent JNU professor has said. More studies or committees or new special investigating wing and treaties with foreign governments are only to stall action, said Arun Kumar, the head of the Centre for Economic Studies and Planning in Jawaharlal Nehru University.
