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A draft report of the Public Accounts Committee (PAC) of Parliament on the 2G spectrum scam is devastating in its criticism of then Union finance minister P. Chidambaram and Prime Minister Manmohan Singh. The 21-member PAC is headed by BJP's Murli Manohar Joshi. It has seven MPs from the Congress, four from the BJP and two each from the DMK and the AIADMK, and one each from the BJD, JD(U), BSP, SP, Shiv Sena and the CPI(M). The Congress and DMK MP's threatened to stall the report. If necessary, they were prepared to vote out Joshi as chairman.
The draft PAC report is severe on Chidambaram. It refers to a note written by him to Manmohan on February 15, 2008, soon after A. Raja, former telecom minister, had allocated licences without an auction, in which he argued that spectrum pricing sh...
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... the SIDBI to assess the distribution of finance to support SMEs, on a comparative basis, across th... banking in India (see Reserve Bank of India, 2008). At this time the landscape of the public (and pr...
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...Ltd. [ITA no. 506/Mum/2008] held that in order to constitute 'royalty' for us...Industrial Finance Corporation of India [AIR 2005 SC 17], and contend...
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... the lower availability and higher cost of finance. Second, the propensity to invest has been affecte... and other financial institutions (UNCTAD, 2008c; Stiglitz JE, 2008). This requires coordinated act...
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... in the Fifty-ninth Year of the Republic of India as follows:-. CHAPTER I. PRELIMINARY. CHAPTER I. P...
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... of the world today (World Investment Report, 2008 and Ernst and Young, 2008), yet the origin of mncs...Further, the Finance Act of 1965 also made provision for certain additi...
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Empirical evidence has found sources of information as an important determinant for mutual fund purchase or selection. Several researchers have found relative importance of sources of information for the retail investors. However, the literature is scanty with respect to non-retail investors. This study presents a comparative analysis of retail and non-retail mutual fund investors with respect to sources of information in the context of their selection of various mutual funds for their investments. Primary data collected from 400 retail and 50 non-retail investors, randomly selected from the cities under survey, was used to assess the components of sources of information. Factor analytic technique resulted in four components: advertisement and shows, data and information, advice and rec...
...As of year-end 2008, mutual fund industry was managing $18,974,521 mn ...Indian mutual fund industry originated with the establish...
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The paper analyzes the formally approved, notified, and approved in-principle Special Economic Zones (SEZs) in India in a number of ways for the period 2006 to mid-June 2009. It outlines the differences in approaches of Export Processing Zones (EPZs)/Export-Oriented Units (EOUs) and SEZs, and presents the features of SEZ policy with respect to SEZ developers and SEZ units, with reference to multi-product, multi-service and sector-specific SEZs in normal states and special category states/union territories. Some current issues, with brief review of earlier approaches, and safeguards to be put in place regarding SEZs, have also been outlined in this paper. Geographical and sector-wise concentration of SEZs, size of area acquired for different product groups, division of zone into processi...
... as given in Srinivasan and Sundaram (2008). Table 5 gives the sector-wise area of the notifi...With reference to Union Finance Ministry and Reserve Bank of India's point of view...
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.... Manjappa and Mahesha (2008) extend the ideas of production frontiers by analy... a variety of reasons, including access to finance and lack of new technology. The authors promote th...
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The year 2008 has been a year of global slowdown and slump for the global equity market, in general and stock markets of India, in particular. During 2008, Sensex (BSE Index) fell down from 21,206 (Indian Historical High of Sensex) to 16,000 points in a single month, i.e., in January 2008. In October 2008, it crossed the support level of 8,000 points. Weak global atmosphere coupled with heavy selling by FIIs and hedge funds led to this market crash. Against this backdrop, this paper analyzes the investment behavior of student investors. Furthermore, the purpose of the study is to identify the factors responsible for this crash and investigate whether the investment objectives and factors influencing investment decision-making are different during and after the market crash. This empiric...