Jaitley slammed lack of ethics in certain sections of businesses and said multiple layers of auditing system chose to either look the other way or did a casual job.
'The two-word answer is: Proper oversight,' says T N Ninan.
India has a unique window of opportunity to effectuate long-lasting structural change in its banking sector, says Riju Agrawal.
In a letter sent to Chairman and Ranking Member of the House Committee on Oversight and Government Reforms, 54 lawmakers wrote, "We cannot ignore the multitude of women who have come forward with accusations against Mr Trump. With that said, the President should be allowed to present evidence in his own defence."
The central government plans to usher in second generation legal reforms that would eliminate litigation delays sharply in India. It would also like to put in place a legal regulatory regime and an oversight mechanism for the smooth functioning of the judiciary without infringing on the independence of the institution.
Discussion paper fixes Rs 1,000 cr as minimum capital for these specialised banks
Sinha started his tenure at Sebi a bit shakily making people wonder if he'd complete his three years. Eventually, he went on to stay twice that long.
Dr Arun Jamkar, former vice chancellor, Maharashtra University of Health Sciences, makes a strong case for reforming Indian medical education and believes that the National Medical Commission Bill is historic.
Twin objectives of promoting recovery in the global economy and to put in place a set of reforms in the international financial system to help prevent future crises of this type taking place are crucial for G20, said a top US Treasury official. G20 is a group of 20 leading and emerging economies of the world representing more than 85 per cent of the global economy.
As federal officers raid alleged abusers, tech employers worry they'll run short of skilled foreign workers, especially in stimulus sectors.
'The problem here is not that one community's deity has suddenly become another community's meal.' 'Hindus and Muslims have been peacefully coexisting with their cows for centuries now.' 'The problem here is that a section of Indians has been suddenly made to realise that it makes great political sense to degrade each one of the 170 million Muslims to a potential cow-killer, lynch a few of them to keep the heat on, polarise and win elections.'
'The 5.7% growth in the April-June period is an aberration because of GST.' 'Business activity in the last 15 days of the quarter was minimal or zero.'
Policy discussions now should urgently focus on the road map for serious economic and institutional reforms to put India on a sustained high growth trajectory like the Chinese economy, says Jayanta Roy.
The International Monetary Fund has asked India to speed up reforms, including removal of trade barriers, liberalisation of FDI regime and easing of labour laws, to attain over 6-6.5 per cent GDP growth.
The Supreme Court-appointed committee headed by former CJI RM Lodha, who has been assigned to make administrative reforms in BCCI, has sent out a questionnaire containing more than 80 queries under seven sub-heads to office-bearers of the cricket body.
Two senior United States Secret Service agents are being investigated over allegations that they crashed a government car into White House security barricades under the influence of alcohol, a media report said.
"My son is a high-quality person and I applaud his transparency," Trump said.
The prime minister's economic advisory council was disbanded early on, and not reconstituted.
On Friday, Federation Football Australia FFA chief Frank Lowy rejected criticism of Australia's failed bid for the 2022 World Cup, saying the country ran a "clean campaign".
Details were not immediately available ahead of a planned government briefing.
The current H-1B minimum wage of USD 60,000 was established in 1989 and since then has remained unchanged.
The landmark bill to liberalise the insurance industry, which marks Prime Minister Narendra Modi's first stab at legislative reforms, will now go to a parliamentary committee, which will submit a report later this year.
The move will likely attract more retail investors.
'Our prime minister manifests a vision for India to be great and powerful, but the modernity required -- of thinking, attitudes, behaviour -- seems alien, if not abhorrent, to his constituency and associates,' says Ambassador K Shankar Bajpai.
Five years after the catastrophic collapse of the Wall Street, the American economy is growing and the businesses are creating jobs, Obama said yesterday while nominating Timothy Massad to run the Commodity Futures Trading Commission.
Of the nearly 4.6 crore people living as slaves globally, two-thirds, or 3.04 crore, are in the Asia-Pacific region, with the highest number in India.
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Stating that there are strong inter-linkages between banks, NBFCs and other deposit-taking entities, he said for monetary policy to be effective and financial markets to remain stable, they should be regulated by the central bank.
The Bill suggests an insolvency regulator.
The issue of denial of visa to Gujarat Chief Minister Narendra Modi was fiercely debated by a key Congressional committee, with an influential Republican party lawmaker questioning the decision of the US government.
The minister was speaking at a seminar on the 'Indian Financial Code' which was framed by Financial Sector Legislative Reforms Commission with a view to update the laws and regulations dealing with the sector.
Assessment note says panel acts as control commission, especially in fund allocations to states.
The principal challenge for Rajan's successor is to work with the Bank Board Bureau and the finance ministry to complete these processes of banking reform.
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The right sequence would be to gradually reduce SLR
China, governed by one-party system since 1949, will carry out political reforms to allow more involvement of people in decision-making process but will not ape western-style democracy, President Hu Jintao said on Thursday.
Noting that there is a perceptible drop in the working days of Parliament, Vice President Hamid Ansari on Sunday called for restoring legislatures to their earlier norms of functioning. "There is a perceptible drop in the working days of Parliament. Deliberation is less frequent; legislation is at times hasty. An impression is afoot in some quarters that diligent parliamentary work is less rewarding in political terms," he said.
To many who remember the politics of the late 1980s, this is a worryingly familiar moment for India. The two periods have several common features: a rudderless government, an insurgent anti-corruption movement, and weakness on the external economic front.
Experts trace the reasons for the 26/11 attacks to the Pakistan's military interest in three key areas: Kashmir, Afghanistan and nuclear armaments.
For the remaining projects, it is difficult to arrive at an estimate.
Rediff.com brings for you the third in the series of leaked Wiki cables, which point towards some startling revelations.
America's Federal Bureau of Investigation has started inquiry into allegations that media mogul Rupert Murdoch's News Corp tried to hack into the phones of 9/11 terror attack victims, media reports have said.
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