Reserve Bank of India (RBI) announced that it had set up an
expert panel to review governance of bank boards and make recommendations.
Headed by former Axis Bank CEO PJ Nayak, the panel will
review the RBI's regulatory guidelines on ownership of banks and representation
in their boards, among other things.
Important Points
1.
The panel will also determine if there is any
clash of interest in board representation.
In addition, it will assess and review the `fit & proper' criteria
for all categories of directors of banks.
2.
To review guidelines on composition of boards that vary
immensely between public-sector, private-sector and foreign banks.
3.
The panel has been set as large finance
companies like IDFC and big corporate houses like Birla Group and L&T are
seeking a licence to enter the banking sector.
4.
The expert panel is expected to submit its
report within a period three months from the date of its first meeting.
A group of young IT professionals has launched a new
software-based website intending to enhance the quality of the education system
www.backyard.in is an online educational cum social networking
service like Facebook.
iIt will help everyone in an educational institution-
including the principal, administrators, faculties and students in enhancing
the quality of education and the software will tie the whole college in a
logical
The Jain community was granted minority status by the
central government on Monday, which will enable them to avail of benefits in
government schemes and programmes.
The decision to grant minority status to the community of
about 50 lakh was taken at a meeting of Union Cabinet in New Delhi
The Jains became the 6 community to have minority status
after Muslims, Christians, Sikhs, Buddhists and Parsis.
Jains would get benefit
a share in central funds earmarked for welfare programmes and scholarships for
the minorities. They can also manage and administer their own educational
institutions.
The National Capital Region Planning Board, NCRPB, has
approved the inclusion of Jind and Karnal districts of Haryana in the National
Capital Region, NCR.
The approval was given by the 34th meeting of NCRPB which was
held in New Delhi on Monday under the chairmanship of Urban Development
Minister Kamal Nath.
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