FM Pranab Mukherjee submitted his resignation to Prime Minister Dr. Manmohan Singh. Mukherjee, the UPA candidate for the Prez polls enjoys the support of the SP, the BSP, the JDU, the Shiv Sena, the CPI(M), Forward Block and some other parties. Mr Pranab Mukherjee will file nomination papers for the Presidential election on June 28,
The Reserve Bank of India announced a number of steps, to aid revive the currency and the economy The measures include increasing limits for external commercial borrowings and government securities .The initiatives are in consultation with the government to liberalize capital account transactions.These measures will permit Indian companies in the manufacturing and infrastructure sector and
With Market regulator, Securities and Exchange Board of India (SEBI) decision to make it mandatory for the top 500 listed companies to provide e-voting, it will be easier for shareholders to participate in key decisions without being physically present at the meetings. As per the SEBI: This step is along the lines of the budget
Global Rating Agency, Moody’s Investment Services has kept India’s sovereign credit outlook stable. As per the agency a slowdown in growth and investment is expected to be transitory. As per its report, certain recent negative trends, lower growth, sluggish investment and poor business sentiments are unlikely to become permanent or even medium term features of
The West Bengal Government has decided to amend the current Panchayat Act for better performance of 3-tier local bodies. According to the Panchayat and Rural Development Minister Mr. Subrata Mukherjee the present Act will be amended after the coming Panchayat Elections in the state.