Unconfirmed reports indicate that the some of the key clauses of the Justice BN Srikrishna Commission report on revamping financial sector laws were opposed by the Reserve Bank of India (RBI) and the Securities and Exchange Board of India (Sebi). Both RBI and Sebi are learnt to have discussed some of the clauses in the report at a recent meeting of the Financial Stability and Development Council (FSDC), whic
Tag: law
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Minister highlights difficulty in passing financial laws
Finance Minister P Chidambaram remarked that it was very complex and difficult to pass financial sector laws by a coalition government. He mentioned the case of the Companies Bill, which was cleared by the Lok Sabha and is awaiting the nod of the Rajya Sabha. He said this while addressing the third national seminar on ĆāIndia Financial CodeĆā organised by the Institu
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Experts call for special policies, laws for towns
Experts who attended the recently held Institute of Town Planners India (ITPI) congress called for a series of legislations and policies for the development of towns. For example, the Chief town planner for Gujarat PL Sharma stressed on the need for special legislations in the w