sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Latest Expert Exchange
News Headlines »
 5 things you should not forget while filing income tax return
 10 Easy Steps to File ITR 1 Online
 How to e-verify income tax return?
 What to do when you receive a notice from the tax department
 How to use your Form 16
 Which ITR form applies to you for financial year 2017-18?
 Income tax returns filing form-2 released; should you use it? Find out
  Are you planning to file ITR 1 form? here's how to do it Income Tax Return (ITR) filing
 30 LPA-Opening Financial Controller
 ITR form 2 in java release by CBDT for return filing by individuals
 How to file your income tax return using ITR Form-1 Income Tax efiling for AY 2018-19

Govt not micro-managing interest rates: FM
August, 23rd 2006
Govt stake in PSBs not to fall below 51 pc `NO ORDERS, ONLY POLICY DIRECTION': The Finance Minister, Mr P.Chidambaram, at the Parliament House in New Delhi on Tuesday. - R.V. Moorthy The Finance Minister, Mr P. Chidambaram, said on Tuesday that the Government was justified in asking public sector banks to seek board approval before increasing lending rates in response to the Reserve Bank of India's rate hikes. He also said that the Government would not force consolidation on public sector banks. While pointing out that the Government is the owner of these banks, the Finance Minister said that the boards were accountable to it and that it had the right to tell the banks how they should take a decision. "The boards of the banks should know the views of the government nominee, the central bank nominee and also independent directors' views," he told the Lok Sabha. The Finance Minister also said that the Government would not make rate decisions on behalf of the banks. "I am not micro-managing the issue of interest rates, but only indicating the manner in which the decision ought to be taken. The owner guides the process of decision-making, and the process of decision-making has to be board-driven," Mr Chidambaram said. Regarding the public sector character of the Government-owned banks, Mr Chidambaram said that these banks would remain in the public sector and that the Government would not reduce its stake to below 51 per cent. "We do not support the earlier government view that government equity in State-run banks should be brought down to 33 per cent," Mr Chidambaram said. On consolidation, the Finance Minister said that the consolidation move should come voluntarily from the banks and employees and that the Government would not force the banks to merge with each other. R.V. Moorthy
Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Our Portfolio

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions