Sachin Pilot, minister of corporate affairs, has assured that he is open to receiving suggestions from industry on defining the thresholds for applicability of various provisions of the Companies Act. Pilot, who was interacting with senior
A three-member external committee to recommend granting of new banking licences was finalised by the reserve bank of India (RBI) on Friday. Apart from former RBI governor Bimal Jalan, whose name was announced earlier as the panel head, th
Eleven years ago, in the middle of Bihar’s infamous animal husbandry scam, better known as the fodder scam, Saryu Roy, who exposed the scam in 1994 (about two years before it came to the surface in 1996), raised some deeper and wider issues
The Election Commission (EC) on Friday announced that assembly elections in Madhya Pradesh, Rajasthan, Chhattisgarh, Mizoram and Delhi will take place between November 11 and December 4, 2013 and the poll results for all five states will be announ
As protests in Seemandhra region continue to gather momentum, six union ministers hailing from the region have claimed to resign in a desperate face-saving move. The ministers including union human resources development minister D Pallam Raju said
Seemandhra ministers in the centre are shooting their resignations to the prime minister in protest against the cabinet`s nod on division of the state and making path for the formation of a new Telangana state. After union minister Chiranjeevi&rsq
In a major fillip to investment activity, the securities and exchange board of India (Sebi) has allowed investors to buy and sell shares under share purchase agreements (mergers and acquisitions). The move to legalise put and call options in share
Bharatiya Janata Party (BJP) patriarch Lal Krishna Advani has launched a scathing attack on the UPA government, which seemingly bowed to the pressure of Congress vice-president Rahul Gandhi’s observations about the ordinance that would have
The free fall that the rupee experienced in the last couple of months spooked the markets, the investors and the government. The government constantly kept assuring the markets that it was only an aberration but the reality is different. It defini
In another desperate measure to boost demand and enhance investment activity, the government has decided to inject more capital into the public sector banks (PSBs) over and above the sum of Rs 14,000 crore announced in the 2013-14 budget. However,
Hindsight may be 20/20 but it often tends to distort the past. That appears to be the case with those who are now busy demonising former Bihar chief minister Lalu Prasad Yadav after his conviction in the fodder scam. There have been
Public sector financial institutions, which were recently given the approval to raise funds abroad, may not be able to utilize these funds completely, the finance ministry has said. According to a news report in Mint, the finance ministry
Having long dominated the national conscience for poverty and backwardness, the southwestern part of Odisha is now getting politically vibrant. There’s a new buzz word in the air – “Jai Kalahandi” – and it is making p
In spite of reporting a 10.5 per cent growth in production state owned Coal India Limited (CIL) is still six million tonne (mt) short of production target during April-September 2013. The target of the company was to increase production b
Governance Now organized safe city conclave on September 30 in the capital, where in experts came together to bring home the point that for greater public safety in urban spaces the strategy has to be multi-pronged. Besides effective policing,
Having come across certain cases of alleged unfair practices, the Competition Commission of India (CCI) is in the process of probing pharmaceutical companies. According to a report in Mint, the competition regulator’s chairman Ashok
There is an ill wind blowing in India which is sweeping away established institutional norms. This is a pity because the Indian political architecture is a copy of the UK system which has no constitution to guide it and works solely on the basis o
Amid growing hue and cry of states demanding special category status – Bihar and Uttar Pradesh are already dangling the support carrot to the UPA, while west Bengal chief minister Mamata Banerjee is threatening an agitation un
Brand managers of India learnt a lesson on the relevance of Gandhi in their profession from Gujarat chief minister Narendra Modi. At Mumbai`s five-star hotel, Taj Lands End, Modi on Monday taught who`s who of brand building of India how to sell br
September 29 marks another day in the ‘frosty’ Indo-Pak relations. Frosty, in fact, has been the state of the weather on both the line of control (LoC) and the line of communication, despite the change of venues over the years (primari
