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Financial Sector Legislative Reforms Commission
The Financial Sector Legislative Reforms Commission (FSLRC) is a body set up by the Government of India, Ministry of Finance, on 24 March 2011, to review and rewrite the legal-institutional architecture of the Indian financial sector. This Commission is chaired by a former Judge of the Supreme Court of India, Justice B. N. Srikrishna and has an eclectic mix of expert members drawn from the fields of finance, economics, public administration, law etc. Based on substantive research, extensive deliberations in the Commission and in its Working Groups, interaction with policy makers, regulators, experts and stakeholders; the Commission has evolved a tentative framework on the legal–institutional structure required for the Indian financial sector in the medium to the long run. The broad contour of that framework is outlined in the released by the Commission on 4 October 2012. Based on further feedback on the proposals from stakeholders and deliberations thereon, the FSLRC propose ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sixth Central Pay Commission
The Sixth Central Pay Commission was convened by the Union Cabinet of India on 5 October 2006. The Pay Commission was headed by B. N. Srikrishna. The other members of the Commission were Ravindra Dholakia, J. S. Mathur, and Member-Secretary Sushama Nath. The Sixth Central Pay Commission submitted its report to the Finance Minister, P. Chidambaram on 24 March 2008. On 29 August 2008, the government announced its decision to implement the report on "structure of emoluments, allowances, conditions of service and retirement benefits of Central Government employees including ... the Defence Forces", "subject to some modifications". The Sixth Central Pay Commission, unlike the earlier Central Pay Commissions, was given a wide remit. It included making recommendations to rationalize the governmental organization and structure to make them more "modern, professional and citizen friendly entities that are dedicated to the service of the people". Report On 14 August 2008, the U ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Debi Prasad Pal
Debi Prasad Pal (1 November 1927 – 14 May 2021) was a Senior Advocate practicing in the Supreme Court of India and High Courts of India. He was a former Minister of State for Finance, a former Judge of Calcutta High Court and a three-time former Member of Parliament (MP) in Lok Sabha. Early life and education Debi Prasad Pal was born in 1927 in Kolkata. His father was noted scholar and educationist Aswini Kumar Pal and mother was Sarala Bala Pal. He did his bachelor's studies in Presidency College and got his M.A. degree from Calcutta University. He was awarded the prestigious Doctor of Letters (D.Litt.) degree soon after that for his outstanding contribution to English literature. He got his Doctor of Laws (LL.D.) degree in 1961 for his seminal work. He stood first throughout his academic career. He is the son-in-law of Justice Radhabinod Pal, who was an International Judge. Legal career Dr. Pal started practicing in the Calcutta High Court in 1959. He was thereafter appo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Tenth Finance Commission
The Tenth Finance Commission of India was incorporated in the year 1992 consisting of Shri Krishna Chandra Pant as the chairman. Members The members of the commission were: * Shri Krishna Chandra Pant, Chairman * Dr. Debi Prasad Pal, Member of Parliament * Shri B.P.R. Vithal * Dr. C. Rangarajan, resigned on 21 December 1992 * Shri M.C. Gupta, Member Secretary, relinquished charge on 31 January 1994 * Shri Manu R. Shroff, In place of Dr. C. Rangarajan on 14 October 1993 * Shri Arun Sinha, Member Secretary (in place of M.C. Gupta) on 1 March 1994 Recommendations The commission recommended that: * The share of the Union Territories would not be determined on the grounds used for state share but it would be decided on the basis of population solely. The percentage would be 0.927% for the years 1995–2000. * Out of the total income obtained from certain central taxes and duties, 29% should go to the states. This is known as the 'Alternative Scheme of Devolution' and came into effe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
SEBI
The Securities and Exchange Board of India (SEBI) is the regulatory body for securities and commodity market in India under the ownership of Ministry of Finance within the Government of India. It was established on 12 April 1988 as an executive body and was given statutory powers on 30 January 1992 through the SEBI Act, 1992. History Securities and Exchange Board of India (SEBI) was first established in 1988 as a non-statutory body for regulating the securities market. It became an autonomous body on 30 January 1992 and was accorded statutory powers with the passing of the SEBI Act 1992 by the Indian Parliament. SEBI has its headquarters at the business district of Bandra Kurla Complex in Mumbai and has Northern, Eastern, Southern and Western Regional Offices in New Delhi, Kolkata, Chennai, and Ahmedabad respectively. It has opened local offices at Jaipur and Bangalore and has also opened offices at Guwahati, Bhubaneshwar, Patna, Kochi and Chandigarh in Financial Year ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rajiv Lall
Rajiv B. Lall is the managing director and vice chairman of Infrastructure Development Finance Company (IDFC) in India.Lok Capital exploring new strategies for social impact business-standard.com (2012-11-14). Retrieved on 2013-01-11.Executive Profile - Rajiv Bihari Lall Business Week (2012). Retrieved on 2013-01-11. His father |
Ila Patnaik
Ila Patnaik is an Indian economist. and former Principal Economic Advisor to the Government of India. During this time, she prepared the Economic Survey of India, 2013-14 and contributed to numerous Government of India committees and task forces. In 2014, she was the only female economist ranked within the top ten in India, along with the likes of Nobel Laureate Amartya Sen and former RBI governors Y V Reddy, Raghuram Rajan and Urjit Patel. She also writes regular columns for ''The Indian Express''. She is currently a professor at the National Institute of Public Finance and Policy (NIPFP). Education Ila Patnaik has a Bachelor of Arts degree in Economics, from Hindu College, University of Delhi (1985). She got her Master's in Economics, along with a Master's in Philosophy from the Centre of Economic Studies and Planning, Jawaharlal Nehru University (1987 and 1989). While she pursued her undergraduate and graduate studies in India, she decided to pursue her Ph.D in the Unite ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Institute Of Public Finance And Policy
The National Institute of Public Finance and Policy (NIPFP) is an autonomous research institute under India's Ministry of Finance. Based in New Delhi, India, the centre conducts research on public finance and contributes to the process of policy-making relating to public finance. The NIPFP also works jointly with the Department of Economic Affairs at the Ministry of Finance to research the effects of past economic policy. NIPFP is overseen by a governing board comprising a chairman and representatives from the Ministry of Finance, Planning Commission of India and Reserve Bank of India. Urjit Patel is the present chairman and Pinaki Chakravarty is the present director of the institute. The previous director was Rathin Roy and chairman was Vijay Kelkar. Research *Tax policy and administration, especially in reference to reform in the structure and administration of personal and corporate income tax, customs, excise, sales tax, and state-level and local-leveltaxes, as well as the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Institute Of Securities Markets
National Institute of Securities Markets (NISM) is an Indian public trust and also the national apex body for the regulation and licensing of financial market dealing profession in India along with being the central civil service staff training institute of SEBI established in 2006 by the Securities and Exchange Board of India (SEBI) the regulator for the securities market in India. It is under the ownership of the Securities and Exchange Board of India, Ministry of Finance, Government of India. History In the Budget Speech of February 2006, P Chidambaram, the erstwhile Union Finance Minister, proposed to authorize the Securities and Exchange Board of India to set up a National Institute of Securities Markets for teaching and training intermediaries in securities markets and promoting research. Accordingly, NISM was established in 2006. NISM seeks to add to market quality through educational initiatives. It is an autonomous body governed by its Board of Governors. An Inte ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Repression
Financial repression comprises "policies that result in savers earning returns below the rate of inflation" to allow banks to "provide cheap loans to companies and governments, reducing the burden of repayments." It can be particularly effective at liquidating government debt denominated in domestic currency. It can also lead to large expansions in debt "to levels evoking comparisons with the excesses that generated Japan’s lost decade and the 1997 Asian financial crisis." The term was introduced in 1973 by Stanford economists Edward S. Shaw and Ronald I. McKinnon to "disparage growth-inhibiting policies in emerging markets." Mechanism Financial repression may consist of any of the following, alone or in combination.: #Explicit or indirect capping of interest rates, such as on government debt and deposit rates (e.g., Regulation Q). #Government ownership or control of domestic banks and financial institutions with barriers that limit other institutions from entering the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fiat Money
Fiat money (from la, fiat, "let it be done") is a type of currency that is not backed by any commodity such as gold or silver. It is typically designated by the issuing government to be legal tender. Throughout history, fiat money was sometimes issued by local banks and other institutions. In modern times, fiat money is generally authorized by government regulation. Fiat money generally does not have intrinsic value and does not have use value. It has value only because the individuals who use it as a unit of account or, in the case of currency, a medium of exchange agree on its value. They trust that it will be accepted by merchants and other people. Fiat money is an alternative to commodity money, which is a currency that has intrinsic value because it contains, for example, a precious metal such as gold or silver which is embedded in the coin. Fiat also differs from representative money, which is money that has intrinsic value because it is backed by and can be convert ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Manu Needhi Consumer And Environmental Protection Centre
Manu Needhi Consumer and Environmental Protection Centre is a non-profit organisation, registered under the Tamil Nadu Societies Registration Act, 1975. It was formed by then law students of Dr. Ambedkar Law College, Chennai, most of whom are now the practicing advocates in Madras High Court, Chennai. Executive members There are seven executive members: * A. Muniraja - president * Akila Arunkumar- vice president * S. Saravanan - general secretary * P. Saravana Siva - joint secretary * R. Senthil Kumar - treasurer * M. Manikhandan - committee member * Sindhuja Seenivasaga Perumal Consumer protection Manu Needhi works to create awareness to the consumers about their rights by conducting periodical campaigns. Further, they provide free legal aid to the consumers to get their grievance redressed legally in consumer courts. They also file public interest litigation. Awareness campaigns Personnel at the centre have organised awareness campaigns around issues that affect the public ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Indian Commissions And Inquiries
Indian or Indians may refer to: Peoples South Asia * Indian people, people of Indian nationality, or people who have an Indian ancestor ** Non-resident Indian, a citizen of India who has temporarily emigrated to another country * South Asian ethnic groups, referring to people of the Indian subcontinent, as well as the greater South Asia region prior to the 1947 partition of India * Anglo-Indians, people with mixed Indian and British ancestry, or people of British descent born or living in the Indian subcontinent * East Indians, a Christian community in India Europe * British Indians, British people of Indian origin The Americas * Indo-Canadians, Canadian people of Indian origin * Indian Americans, American people of Indian origin * Indigenous peoples of the Americas, the pre-Columbian inhabitants of the Americas and their descendants ** Plains Indians, the common name for the Native Americans who lived on the Great Plains of North America ** Native Americans in the U ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
