Securities and Exchange Board of India(SEBI) has written to the government seeking a review of the Budget proposal that mandates transferring 75% of the market regulator’s surplus funds to the central government SEBI said that the proposal would result in compromising its autonomy and its ability to function effectively towards the progress and development of… Continue reading SEBI opposes Centre’s proposal to transfer surplus money to CFI
Tag: Government
Steps Taken to Deal with Cyber Crime and Cyber Security
Minister of State for Home Affairs has informed the Parliament about the steps taken by the Government to deal with Cyber Crime and Cyber Security. The Government has launched the online cybercrime reporting portal to enable complainants to report complaints pertaining to Child Pornography or sexually explicit content. The Central Government has also rolled out… Continue reading Steps Taken to Deal with Cyber Crime and Cyber Security
Bimal Jalan panel finalises report on RBI capital, surplus transfer
RBI had constituted a panel on Economic capital framework(ECF) to address the issue of RBI reserves.The panel was headed by Bimal Jalan. The panel has decided to recommend the RBI to transfer the excess capital from RBI to the government over 3 to 5 years.It will also recommend that the framework should be reviewed periodically.… Continue reading Bimal Jalan panel finalises report on RBI capital, surplus transfer
Jalan panel report on RBI reserves by June end
RBI had constituted a panel on economic capital framework to address the issue of RBI reserves.It is headed by Bimal Jalan.The panel will meet one more time before finalising its report. The panel was formed after the government has said that the RBI should hand over its surplus reserves amid a shortfall in revenue collections.… Continue reading Jalan panel report on RBI reserves by June end
Centre asks Supreme Court to rethink elevation of two High Court judges
The Centre has returned the proposals forwarded by the Supreme Court collegium for elevation of High court judges to the Supreme Court. The Government has asked the Supreme Court to reconsider the recommendation to maintain the principle of proper regional representation. Collegium system in India is the system by which the judges are appointed by… Continue reading Centre asks Supreme Court to rethink elevation of two High Court judges
Rafale review pleas: govt seeks time to file response
Government has asked the Supreme Court to defer the hearing of the review petitions in the Rafale case.The Government has said that it needed more time to file a fresh affidavit. However,the apex court allowed the Central government to circulate the letter for adjournment among parties which include petitioners who have filed review pleas. Recently,the… Continue reading Rafale review pleas: govt seeks time to file response
RBI sells entire stake in NHB, Nabard to govt. for ₹ 1,470 cr. in total
The Reserve Bank has divested its stake in National Housing Bank (NHB) and National Bank for Agriculture & Rural Development (Nabard), by making them fully government-owned. This move is part of ending the cross-holding in regulatory institutions and follows the recommendation of the second Narasimham committee report of October 2001.The Narasimham panel had said RBI… Continue reading RBI sells entire stake in NHB, Nabard to govt. for ₹ 1,470 cr. in total
Voters needn’t know source of political funding: govt.
The government has told the Supreme Court that anonymity should be maintained in the electoral bond scheme to protect donors and recipients right to privacy. The government’s statement came during a hearing on electoral bonds in the Supreme Court.The petition had challenged the validity of the Electoral Bonds scheme on the grounds that (a)It keeps… Continue reading Voters needn’t know source of political funding: govt.
In SC, govt. defends electoral bonds
The Government has opposed in the Supreme Court on the concerns raised by the Election Commission on issuing electoral bonds. Earlier,theElection Commission of India had filed an affidavit in the Supreme Court.It said that the introduction of electoral bonds and the removal of the cap on corporate funding by the government will have a serious… Continue reading In SC, govt. defends electoral bonds
RBI order on defaulters lacked govt. nod, says SC
The Supreme Court has struck down the Reserve Bank of India’s Feb. 12 circular on the grounds that the regulator can give directions to banks on stressed assets only upon the central government’s authorisation and in case of a specific default. Several companies in the power,sugar,fertiliser and infrastructure sectors objected to the circular’s one size… Continue reading RBI order on defaulters lacked govt. nod, says SC
