Tag: Commission

Parliamentary panel on finance seeks inquiry commission into IL&FS crisis

Loknath Das

The government had re-constituted the IL&FS board after the crisis surfaced. The parliamentary standing committee on finance has asked the government to set up a high-level inquiry commission to identify the reasons behind the Infrastructure Leasing & Financial Services Ltd (IL&FS) default crisis. ET has reliably gathered that the panel, which will table its report in the matter on Wednesday, has specifically sought an investigation into the role of credit rating agencies (CRAs) and Life Insurance Corporation, IL&FS’ largest institutional stakeholder. The committee members met on Monday, and are said to have unanimously…

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Will see if more devolution to states served its purpose: Finance Commission

Loknath Das

Headed by former RBI Governor Y V Reddy, the 14th Finance Commission had recommended a record increase in the states’ share in the Union taxes. NEW DELHI: Finance Commission chairman N K Singh today said the panel will ascertain whether increasing the share of Union taxes to states to 42 per cent, along with rationalisation with Centrally Sponsored Schemes, has served its purpose. The 15th Finance Commission has been asked to recommend, among other things, a road map for sound management of government finances. “We will also look at whether the much higher devolution…

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Norms not followed in teacher appointments at Babasaheb Bhimrao Ambedkar University: Scheduled Caste Commission

Loknath Das

Lucknow: The National Commission for Scheduled Castes (NCSC) has pointed to flaws in the reservation roster for appointment of teachers at Babasaheb Bhimrao Ambedkar University here. The commission found that vacancies in the reservation rosters, submitted by BBAU vice chancellor RC Sobti ‘prima facie’, were not in accordance with the prescribed format of the department of personnel and training (DoPT). In its report, the commission said the vice chancellor could not explain how the posts were de-reserved if Scheduled Caste (SC) candidates had applied for the posts but the selection process…

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