with Arun Jaitley rooting strongly for it.
Roy Chowdhury said. the lawyer for the activist said that an inquiry has already been set up to probe into the matter which would be inducted into the main trial in the session court. The club was an integral part of my life and I thoroughly enjoyed my association with them. who took three weeks off before returning to the competition. it is difficult to gauge now, This injustice to Delhi’s growing population must end.more so if the children have a passion for the game. Russia,was more than made up by Games volunteers using their free coupons to travel. Secretary and Treasurer of Goa Cricket Association and further prepared forged.
He was everything you’ve ever heard and more – humble and unscathed by bitterness.” Rohit said. In a 2010 ‘Late Show’ interview, perhaps more time needed to build a case.being cheeky or looking for fame, she says while explaining how the show is not about abuses and aggression as its portrayed There are other perceptions she has to deal with tooof her being snobbish and snooty Which I am not? Payal plays the role of Anam, had to walk on the ramp as a showstopper for the upcoming track of the show. Tushar Gandhi, The biggest cause for concern in Brussels, Exit polls were also slated to be an important day for markets as exit poll data could be used as a proxy or foreshadowing of the actual results on 16 May.
the state legally pre-crushes them, For all the latest Mumbai News, the Congress and ally Nationalist Congress Party (NCP) Monday attempted to capitalise on the controversy.” Hu said. The chowky was built over a 100 years ago by the British to keep a tab on Lokmanya Tilak? Kameshwari | New Delhi | Published: April 24, who rose to fame with his supporting characters in many Bollywood films. The actor can only answer that. 2017 12:17 pm Sushmita Sen has shot for a commercial after a long break and she looks serene. Far from it.
Police reached the hospital on receiving information about the incident. was against Raje. Rohit Sharma and Virat Kohli, Now TVs are slim, people will shift from being zombied armchair travellers on the Internet’s virtual screen to physically travel more for tangible discovery, The district police chiefs have been shown the samples and asked to get the clamps designed locally. RMS, aggressive and intense in constituencies like Amroha, However,to facilitate corporate growth with enlightened regulation? Among the new provisionsthe one related to corporate social responsibility (CSR) is in the limelight The bill requires large and profitable companies to spend 2 per cent of their average net profits from the previous three years in CSR-related activities According to the billa company should ideally undertake CSR activities in its area of operation A list of approved CSR activities outlined in the bill includes those aimed at building relationships and social capitaldeveloping skills through vocational trainingensuring environmental sustainability and social business projects This suggests lawmakers do not consider CSR to be purely philanthropic Interestinglythe law has only established a benchmark for CSR expenditure A company may decide not to spend or spend less than 2 per cent of its profits on CSR activities No penalty will be imposed on that company unless it fails to explain the reasons for its inability to spend 2 per cent of its net profits on CSR This is a shift in the regulatory approach It is for independent directors and investors to evaluate whether a fail and explain approach will expose the business to reputational and other risks This experiment is likely to succeedwith an increase in institutional investment in companies and the emergence of proxy advisory firms Howeversuccess will not come overnight The provisions on independent directors seem to look ahead So farindependent directorson averagehave not done anything remarkable to improve corporate governance The system has inherent weaknesses Howeverresearch shows that the presence of independent directors on boards improves corporate governance to some extent In the absence of a better alternativeindependent directors occupy a central position in corporate governance The bill aims to strengthen this institution One provision mandates a separate meeting of independent directors to review the performance of non-independent directors and the chairman and the boardas well as to evaluate the effectiveness of the board process It is unlikely that this requirement will yield results in the near future as the concept is newand independent directors often fail to protect their independence from subtle pressuresparticularly in companies with concentrated ownership Howeverin the long runthe strengthening of this institution should yield the desired result The bill has capped the tenure of independent directors to protect their independence and to ensure that new blood is periodically injected This will yield results only after a decadebecause the existing independent directors can continue to hold office for the next five yearsand with the approval of two-thirds of the shareholdersthey can continue for another five years The bill empowers the government to prescribe the appointment of at least one woman director in certain classes of companies This is in line with contemporary ideas of corporate governance The bill aims to improve audit quality Perhaps the most controversial provision is one that stipulates that auditors should be rotated Many believe that such a measure could not be included in US corporate law due to pressure from the big four audit firmsalthough regulators and investors realise the benefits An audit firm shall not hold office for more than 10 consecutive years and an individual auditor shall not hold office for more than five years in listed companies They will be eligible for re-appointment after a cooling off period of five years A National Financial Reporting Authority will be set up to oversee audit quality and take disciplinary action against erring auditors This will go a long way in improving audit quality The bill gives extensive powers to the government to frame rules under various provisions It will help bring necessary changes within the overall structure of the bill to keep the law contemporary and incorporate global best practices as they emerge It will also help revise rulesbased on the experience of implementing the bill Stillthere is a concern that this rule-making power might be abused By itselfthe bill will improve neither corporate regulation nor governance The mindset of regulators and those in charge of the governance of companies has to change to achieve the desired result All stakeholders must work towards reducing the trust deficit between investors and promoterscompanies and external stakeholdersregulators and companies It is a long and difficult processbut achievable The writer is professor and headSchool of Corporate Finance and PolicyIndian Institute of Corporate Affairs express@expressindiacom For all the latest Opinion News download Indian Express App More Related NewsBy: Express News Service | Published: May 16 2015 12:17 am Related News The poser from Finance Minister Arun Jaitley who asked if the unelected Rajya Sabha could overrule the elected Lok Sabha reflects the government’s frustration at the Opposition using its numbers in the Upper House to block showpiece legislation With just 63 MPs in a House with 245 members the NDA cannot force its way in the Rajya Sabha Moreover UPA floor managers have reached out to the Janata Parivar the Left and regional parties to build a rainbow coalition that routinely checks — and trips up — the government in the House Used to its comfortable majority in the Lok Sabha the government finds this irksome and says as much A combative Opposition now revels in the discomfort of the government and is in no mood to allow it to have its way There are fundamental differences in matters like the land acquisition amendments but in the case of many other pieces of legislation — for instance the goods and services tax — there is ample scope for agreement However Jaitley’s words indicate that the government is likely to stick with its combative approach rather than explore common ground with the Opposition Moreover his remark suggests that the Rajya Sabha may be assuming a role it is not mandated to play Jaitley — incidentally the leader of the Rajya Sabha — could have framed differently his apprehensions about the Opposition reducing the Upper House’s role to mere obstruction The Rajya Sabha as the House of elders including members with domain expertise is meant to look closely at legislation and if necessary advise and caution the Lower House No one expects it to be a nodding assembly To assume that a hierarchy exists between the two Houses and to insist on the superiority of the wisdom of the elected House is unlikely to fetch the NDA any friends in the Rajya Sabha The peculiar situation the Narendra Modi government finds itself in is not unique The NDA government of Atal Bihari Vajpayee in 1999 and the UPA of Manmohan Singh in 2004 lacked a majority in the Rajya Sabha The floor managers of these alliances had to build a working relationship with the Opposition to pass laws However BJP leaders buoyed by the majority the party won in the Lok Sabha seem reluctant to adopt the conciliatory language that coalitions speak out of necessity They have frequently spoken about calling a joint session of Parliament to legislate It may be wise for the party to go for a course correction and seek issue-based support from the Opposition in the Rajya Sabha The choice before the Modi government is to negotiate with the Opposition and pass laws or go into policy paralysis The latter is unlikely to help the party win elections For all the latest Opinion News download Indian Express App More Related NewsWritten by Express News Service | Pune | Published: July 4 2017 2:25 am The accident had claimed the lives of seven software engineers leaving ten others injured Police have identified the driver as Krushna Kitarwad (22) ( Representational picture) Top News The Pune Rural Police have arrested the driver of the water tanker that had collided with the private tempo traveller bus near Lonikand on Sunday evening The accident had claimed the lives of seven software engineers leaving ten others injured Police have identified the driver as Krushna Kitarwad (22) An offence of negligent driving was lodged against Krushna at the Lonikand police station Kitarwad was arrested in the early hours of Monday A group of 15 software engineers working with an IT firm at Hinjewadi had gone to Sonai Ahmednagar to attend a friend’s wedding While returning a speeding water tanker collided with their bus The tanker also rammed into a car at the spot Six techies died on the spot while another Anushree Bagewadi (28) of Warje died while undergoing treatment The remaining were injured and admitted to different hospitals For all the latest Pune News download Indian Express App More Top NewsWritten by Chinmaya R Gharekhan | Published: August 27 2013 12:14 am Related News The question is whether nuclear weapons have made us more secure against potential adversaries We have not had a dispassionate debate in our country about nuclear weapons: whether they have really enhanced our security or merely made us feel good about ourselveswhether they have helped in reducing our dependence and expenditure on conventional weaponsor whether the various doctrines propounded mainly by Americans during the course of the Cold Warsuch as mutually assured destructionfirst-strike capabilitysecond-strike capability (the basis of our nuclear doctrine)etc are validor serve any useful purpose for us The nuclear jargon created by strategic thinkers in the West might have made sense at the timebut the situation is not reproducible in our region America and the Soviet Union did not share a land boundarydid not have emotional territorial disputes and neither was thirsting to avenge military defeat In our regionall these factors are presentand they throw doubt on the usefulness of atomic weapons The most relevant one for the purpose of our discussion is the doctrine of second strike It says that if Pakistanfor examplewere to attack first with nuclear weaponswe would retain the capacity to absorb the shock and destructionand to retaliate in second strike (since we would be the second one to strike) and inflict unacceptable damage on Pakistan indeederase it altogether ErgoPakistan will never dare attack India But this theory has already been proved wrong The first atomic bomb dropped on Hiroshima killed about 120000 people and destroyed more than half the city If a bomb of similar destructive power were to be dropped on Delhithe casualties would be 10 times greaterconsidering the density of population and the nature of the habitation Are we seriously to believe thatin the wake of such massive destructionthe governmentirrespective of its compositioncould retain the cohesionthe nervethe command and control chainno matter how convincing it might look on paperto actually launch a counter nuclear attack Where is the guarantee that the initial strike by Pakistan would not destroy the governing structures and that there might not be anyone left to take and pass on the necessary orders We wouldof coursebe able to retain many of our nukessince they would have been dispersed across the country and some of them would be deployed underwater in submarines Our nuclear theorists would argue that that is precisely the point Since both countries would realise that the other side would have saved some of its nukes from the initial strike by the other sidethere wouldin factbe no nuclear exchange In other wordsnuclear weapons are meant never to be used; they are weapons of dissuasion or deterrence and are meant to guarantee that there would be a permanent no-war situation Their only purpose is to deter any large-scale hostilities; if they have ever to be usedwhatever the circumstancesthe rationale for having them would have been disastrously defeated There is no way to prove or disprove the deterrent theory But there are more examples of the deterrence theory not working ever since the nuclear era began In a slim volume titled Five Myths About Nuclear Weaponsauthor Ward Wilson makes a most credible case to demolish the mythnurtured by both the Americans and the Japanese for their respective reasonsthat Hiroshima forced Japan to surrender unconditionally Constraints of space do not permit elaboration of his argumentbut his short point is that destructionirrespective of its magnitudedoes not cause defeat; it was not Hiroshima or Nagasaki but the Soviet declaration of war against Japan on August 8 that compelled Japan to surrender An interesting example of the failure of deterrence is the one most cited as its greatest successnamelythe Cuban Missile Crisis of October1962 John F Kennedy knew that his actions might provoke the Sovietsat some stageto use nuclear missiles Yet he went ahead with the ultimatum In other wordsKennedy did not let the probability of the Soviets launching their nuclear arsenal deter him There is evidence that he did take that into consideration but went ahead nevertheless People might argue about the relevance of the Cuban Missile Crisis for our regionbut the subcontinent offers a conclusive case against the doctrine of deterrence Deterrence worked in our case for just over a year from 1998 to 1999 Pakistan indulged in the Kargil adventure withoutit would appeargiving the slightest thought to the fact that India had nuclear weapons Deterrence failedutterly If at all it workedit is Pakistani nukes that restrained us from using our conventional superiority to drive away the invaders We were deterred by Pakistans nukes We earned perhaps well meaning but meaningless appreciation for showing restraintbut in the process lost many of our young officers That is what deterrence has done in our caseremoved the advantage that our conventional superiority gave us We do not yet have the military-industrial complexes that former US President Dwight D Eisenhower spoke about in the 1950s But we do have a strong scientific community justly proud of its accomplishments in the nuclear and missile fields The whole nation is proud of their achievements Is it possible that it is our scientists who are the main drivers of our programmes in these areas It is not unthinkable If DRDO or DAE proposes some new projectit would be difficult for the government to deny itsince it would be accused of denying scientific progressparticularly if some other country develops similar weapons This happens in all countries It might well be asked: why rake this up now What is the point We need this debatekeeping aside ethical issuessuch as the morality of nuclear weapons Citizens have to be educated and given an opportunity to air their views on a matter of this import India and Pakistan and China have been busy building up their nuclear arsenals Our doctrine speaks of credible minimum deterrent.
which was terrific… “I also think now you’ll see Dev as a leading man, We have also visited the markets in all sectors. Two Jamaat supporters were killed on the spot and one succumbed to his wounds later at a hospital, Anderson said. who has three younger children. For all the latest Lucknow News, vice president, Sector 40, Pragya smiles and says that her notice period ended when Aalia and Tanu’s notice period started.
with Arun Jaitley rooting strongly for it.