Diabytes
Bimal Jalan News
)
The panel recognised that the RBI's financial stability risk provisions are the country's savings for "a rainy day" (financial stability crisis) built up over decades.
)
The report said that in the following years, interim dividend to the Government may be paid only under exceptional circumstances.
)
The Jalan panel had submitted its report to the RBI Governor on Friday. The report, which recommends transfer of surplus reserves to the government in a staggered manner over three-five years based on a predetermined formula, may be put on the Reserve Bank of India (RBI) website later for public access.
)
The transfer of the Reserve Bank of India`s (RBI) surplus to the government would be done in a phased manner as is the practice, sources said.
)
Since it is not an unanimous report, the final report - to be submitted to the RBI in 10 days - may record dissents to the recommendations made by the panel. The report has already been long delayed.
)
The panel has been entrusted with the task of reviewing the best practices followed by central banks worldwide in making assessment and provisions for risks.
)
The six-member panel is likely to submit its report in April, sources said.
)
Former economic affairs secretary Rakesh Mohan will be the vice chairman.
)
RBI Governor Urjit Patel and SBI Chairperson Arundhati Bhattacharya have also earlier said farm loan waivers should not become a practice as they result in fiscal slippages.
)
A government-appointed panel to suggest ways to prune subsidies is in favour of extending the cash transfer scheme to kerosene and food in three years for directly helping beneficiaries.
The Expenditure Management Commission set up by the government to suggest ways to rationalise subsidies will submit its final report by December 2015, its Chairman Bimal Jalan said on Thursday.
Ahead of the Budget, the Expenditure Management Commission, headed by Bimal Jalan, has recommended to the government that it cut fiscal deficit to 3.6 percent of the GDP during 2015-16.
The Expenditure Management Commission, headed by Bimal Jalan, has been entrusted with the task of suggesting ways to improve fiscal discipline, target subsidies more efficiently and imposition of user charges on utilities.
The EMC is being set up following the announcement made by Finance Minister Arun Jaitley in the Budget 2014-15.
Loading...
 "Will Hindus get justice in Bengal's Murshidabad?")
 "DNA: Uproar over freebies in Delhi!")
 "DNA: AIMIM plans to field 2020 Delhi riots accused Shahrukh Pathan")
 "DNA: A report showing the reality of Bangladesh")
 "DNA: Power Theft Allegations Against SP MP Ziaur Rahman Barq")
 "DNA: Hot Tea Linked to Cancer Risk!")
 "DNA: Why Jordan Fears After Syria’s Coup?")
 "DNA: NSA Ajit Doval’s China Visit - Inside Story")
 "DNA: Gandhi Family Ruined My Career, says Mani Shankar Aiyar")
 "DNA: Ground Report- Tight Security Arrangements for Mahakumbh")
