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LIC board approves acquisition of 51% stake in IDBI Bank

Economic Affairs Secretary S C Garg.said LIC would buy out 43 per cent stake in the bank through preferrential shares.”Open offer for IDBI Bank’s shares may not be required as public holding in the bank is very low.Suppose it is necessary, LIC would go for it” said Garg.

 

Tighter rules coming up for CAs, valuers and monitoring agencies

SEBI has proposed giving the board of directors of the company the authority to take appropriate action after conducting an investigation against the individual or firm that violates any regulations or submits a false certificate or report 

Aadhaar biometric data cannot be hacked, says Ravi Shankar Prasad

“(It is) so tough that even if I disclose information regarding a fingerprint and iris scan to an unknown person, except in case of national security, I can be prosecuted. That is the inclusive part we have done,” Prasad said, lauding the Modi government for “taking rapid steps in making India more digital” Union Minister for Information Technology Ravi Shankar Prasad

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