EXPERT COMMITTEE
London School of Economics and Political Science awarded N.K. Singh, with an Honorary Fellowship.
N.K. Singh, former chairman of the 15th Finance Commission, receives Honorary Fellowship from the London School of Economics. Recognized for contributions to LSE and global economic community. Singh's legacy in policy-making and fiscal prudence celebrated by finance minister and LSE. He joins esteemed past recipients of the award.
"Disappointing...": BJP leader Rajeev Chandrasekhar on NEET UG exam issue
BJP leader Rajeev Chandrasekhar expressed disappointment over students being disadvantaged in the NEET UG exams but praised the government's steps to ensure exam integrity. The NTA, which conducted the exams, faced criticism for alleged irregularities. The Ministry of Education formed a high-level committee, led by Dr K. Radhakrishnan, to recommend reforms for transparent and fair exam conduct, data security, and NTA functioning. The committee will submit its report in two months.
"Total incompetence...": Jairam Ramesh on NEET-PG exam postponement
Congress leader Jairam Ramesh criticized Prime Minister Narendra Modi, attributing frequent exam cancellations to his "total incompetence" and that of his associates. The NEET-PG exam, scheduled for June 23, was postponed due to concerns over exam integrity. The Health Ministry announced the postponement to review the exam processes. Allegations of irregularities in NEET-UG exams, conducted by the National Testing Agency (NTA), led to protests and demands for NTA's disbandment. A 7-member committee, led by Dr. K. Radhakrishnan, will recommend reforms in exam processes and data security within two months.
Defer implementation of new criminal laws: Jairam Ramesh
"On Dec 25 2023, the President of India had given her assent to the Bharatiya Nyaya Sanhita, 2023,the Bharatiya Nagarik Suraksha Sanhita, 2023 and the Bharatiya Sakshya Adhiniyam, 2023. The three far-reaching Bills had been bulldozed through Parliament without proper debate and discussion, and at a time when 146 MPs had been suspended from the Lok Sabha and the Rajya Sabha," Ramesh said.
Ruchir Sharma joins Asset Allocation Committee of 360 One Wealth
Ruchir Sharma, the chairman of Rockefeller International and Founder & Chief Investment Officer of Breakout Capital, has joined the Asset Allocation Committee (AAC) of 360 ONE Wealth.
Did PM Modi and Amit Shah break any Sebi rule by predicting stock market rally after elections? Legal experts weigh in
PM Modi and Amit Shah's post-election stock market rally predictions have sparked a political issue, with Rahul Gandhi linking it to the stock market crash. Legal experts say the statements do not violate Sebi rules.
Plea in SC seeks Centre, SEBI to submit report in Jun 4 stock market crash
A plea filed in the Supreme Court calls for a detailed report on the stock market crash following the election results, with losses reaching billions. The plea seeks action to strengthen regulations and protect investors, citing concerns over market volatility and lack of change despite previous directives.
CDSCO panel gives nod for continuation of phase-II clinical trial of SII's dengue vaccine
An expert committee recommended continuation of phase-II clinical trial of Serum Institute of India's vaccine against dengue after successful phase-I interim trial in Australia. The SEC recommendations were made on May 31.
Absence of prominent Congress leaders from fray behind its rout in Uttarakhand: Experts
The absence of prominent Congress leaders during the campaign in Uttarakhand is considered a key factor in the party's defeat. Political analysts highlight the lack of enthusiasm among party workers and the need for better candidate selection to challenge the BJP's stronghold in the state.
RBI unlikely to cut interest rate on June 7, say experts
The Reserve Bank of India is unlikely to cut the benchmark interest rate in its upcoming monetary policy review amid inflation challenges and improving economic growth. Scheduled for June 5-7, the Monetary Policy Committee (MPC) is expected to maintain the current 6.5% repo rate. Experts cite steady economic conditions and ongoing inflation concerns as reasons for maintaining the status quo
Non-recovery of cash can't be proof there wasn't corruption, says HC while denying bail to Manish Sisodia
Justice Swarana Kanta Sharma dismissed the bail pleas filed by the former Delhi deputy chief minister in the corruption and money laundering cases lodged by the CBI and ED, respectively, in connection with the alleged liquor scam.
BMC sets up expert panel to frame guidelines for billboards in Mumbai
On May 13, a giant illegal hoarding in the city's Ghatkopar area fell on a petrol pump during gusty winds and unseasonal rains, leaving 17 dead so far and over 70 injured. Rakesh Kumar, an ex-employee of National Environmental Engineering Research Institute (NEERI), is the environment expert on the panel, while IIT Bombay's Prof. Avjit Maji, Prof. Nagendra Rao Velaga, besides Prof. Shreekumar from the department of Industrial Design, are other members.
Sebi issues framework for verification of market rumours by listed entities
The listed entities will now have to follow the industry standards to ensure compliance. Further, the exchanges are advised to bring the contents of this circular to the notice of companies and ensure its compliance. Further, in another circular Sebi has also revamped the method for calculating the market capitalisation of listed companies.
Sebi changes rule to determine m-cap of listed firms; 6-month average to be used now
Market experts believe the market capitalisation of a listed entity keeps fluctuating on a daily basis based on market dynamics and, therefore, an average of market capitalisation figures over a reasonable period of time (six months) would more accurately reflect the market size of the listed entity and consequently the ranking, vis-a-vis its peers.
Delhi's ailing healthcare infrastructure calls for urgent revamp
Delhi, despite hosting prestigious medical institutions like AIIMS and Safdarjung, faces significant healthcare challenges. The Delhi High Court recently acknowledged the inadequate medical infrastructure and shortage of hospital beds. Several incidents of government hospitals refusing treatment due to lack of resources, resulting in patient deaths, have underscored the urgency of the situation.
Panel to relook at floor wage rates, prepare a road map
A high-level expert panel on floor wages in India is set to re-examine the wage rates finalised earlier, considering minimum wages notified by all states across three categories. The panel, led by SP Mukherjee, will hold its final meeting on May 27 and submit its report to the new government by June 2024. The three-year term of the expert committee, established in 2021, will end on June 30, 2024.
Adani Enterprises got 2 Sebi show cause notices over Hindenburg report in Q4FY24
The alleged non-compliance pertains to related party transactions with respect to certain transactions with third parties, and validity of peer review certificates of statutory auditors in previous years, the filing said.
Ahead of June 4 (counting day) deadline: ECI tech team's options on verifying EVM microcontrollers likely before mid-May
Supreme Court's direction on EVM microcontrollers poses logistical and security challenges for the Election Commission of India. The technical expert committee is working on implementing the order before the Lok Sabha elections, including proposing options for microcontroller verification by mid-May.
National Statistical Commission gets two more members
India's National Statistical Commission is back to full capacity with the appointment of two new members after a one-year gap. A Ganesh Kumar and Debasis Kundu have been appointed, bringing the panel's strength to five, including the chairman. The commission, set up in 2005, aims to strengthen the statistical system, suggest survey standards, and coordinate with other departments. The appointments come amidst calls for reforming the country's statistics system, with the Prime Minister's Office discussing overhauling measures earlier this year.
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