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Disinvestment commission chairman ron

You put the issue of waste and inefficiency front and center on the public agenda, and I am grateful to you and so is America. But now, we must work together to get your recommendations through the Congress, and that's what this people's lobby of yours is all about. It's why the Congressional Caucus leaders who are here today are so important.

Imagine the courage of these Members of Congress who would dare to associate themselves with such a clear-cut effort to thwart the special interests. And I want to thank each one of them who are here today. In carrying on this battle, you're going to need the help of the largest pressure group of all -- the taxpayers. And that's why the multimillion-dollar, nonpartisan campaign by the Advertising Council is so important in helping to inform and educate the taxpayers.

And finally, that's why the work of the trade associations and Citizens Against Government Waste are also vital -- vital in the battle against budget deficits and vital to the strength and resiliency of the democratic system and public confidence in our government. So, I want to congratulate you on all that you've done. You know, I've mentioned this to you before, but I can well remember a time when waste and inefficiency were thought of as issues without any political appeal, issues that stirred little interest in the media or among the seers and sayers of Washington.

Well, all of that has changed. Government management -- mismanagement, I should say, is a hot story, and the Grace commission has played a key role in bringing the change about. In fact, I want you to know the vigor with which you've pursued this fight has inspired me on other closely related matters, and once again, the issue is your issue -- making government responsive to the people.

First, I must warn the Congress that their unwillingness to deal with the debt ceiling and to take responsible action on the deficit is creating a large and unnecessary problem. We're running up against the possibility that we may have to disinvest the Social Security Trust Fund, shortchanging that trust fund of accumulated interest, all because of the inexcusable dithering and delay in meeting the responsibilities about raising the debt ceiling. So, please help us convince them -- present company exempted; they're convinced -- that the time for political gamesmanship was over long ago.

All of us know the importance of an effective resolution this year to our deficit problem, and I happen to think the Gramm-Rudman-Hollings proposal is an excellent one. This proposal is linked closely to what you're doing, because if we can adopt the plan, we can maintain our commitment to a strong defense while providing a framework for the Grace reforms and a device for flushing out waste and inefficiency. Congress must not fail the people on this. And second, I think some of you know that we have a tax reform plan on the agenda this fall.

It's a plan I'm certain has the support of the American people. Right now, Congress is in deliberation on this matter, and that deliberative process is something I deeply respect. I will await its outcome attentively. But let it be said today, I believe that the essential items of tax reform, as I've outlined them, have the support of the American people. And I want action on this plan; I want action this year and so do the people.

Believe me, if necessary, I'm prepared to spend a lot more time with Congress at Christmas this year than either of us originally anticipated. Well, let me conclude by, again, thanking Peter Grace and all those thousands of patriotic Americans who gave unstintingly of their time, their efforts, and their talents to help the Government. And let me assure you that we, for our part, will not rest in the fight to have their recommendations implemented.

Skip to main content. October 28, I'm delighted that all of you are here today. So, again, thank all of you. This will mean that 70 per cent of all the 65, branches of the 25 nationalised banks located across he country will be computerised.

The banks need to modernise as the era of '' m--commerce'' mobile commerce is round the corner. This will be a step further than the ''e--commerce'' being practised now. Already the Scandinavian countries are into ''m--commerce''. This means people will carry out their banking while on the move that will be facilitated through the In Internet.

Banks should have a strategy to merge the main domain business of banking with the knowledge of Information Technology, opined Mr Vittal. This modernisation is must as competition was growing while margins were narrowing, thus forcing banks to use IT to sustain the viability of the system, the CVC said while interspersing his speech with quotes from the Upanishads.

Mr Vittal said that a huge amount of Rs 51, crore non- performing assets NPA's were pulling down the banks. Sharma ,said that the computerisation will help in establishing the truth in an accurate manner. This will help in dealing with all banking instruments.

The problems at the moment are regulations and mindsets, he opined. Earlier, Dr S. Mangal, Chairman of the IETE said the Internet was going to usher a golden era , the banking industry needs to catch up with technology , especially the Internet. Meanwhile the conference will cover the issues of branch automation hardware and networking, software, basic requisites, standardisation and data warehousing connectivity of branches, security channels, ATM, tele--banking, virtual kiosks , Internet banking and ' e- commerce'.

The bank has hiked the dividend from 40 per cent to 50 per cent for SBI Chairman GG Vaidya told reporters here today that the net profit has been boosted by lower provisioning for the year. In , the bank has charged Rs Also, the write back of excess provision for investment depreciation contributed Rs These two heads have boosted the post-tax profit for the year by nearly Rs crore.

The operating profit of SBI also recorded an increase of Net interest income for the year stood at Rs Total income of the bank rose by Vaidya said that provision towards non-performing assets has been lower at Rs During , the net NPA percentage of the bank declined to 6.

Gross NPA to gross advances during was lower at As regards other provisions, the bank has allocated Rs crore towards income tax during the year as against Rs crore made in the previous year. Provision for salary revision arrears had been made to the extent of Rs crore for the year. The bank has also witnessed growth in domestic deposits during , and it grew by S House of Representatives has overwhelmingly rejected a resolution seeking U.

S membership in the WTO in a victory for President Bill Clinton and a setback for protectionist forces who accused the organisation of pandering to big business at the expense of workers and the environment. S participation and leadership in the World Trade Organisation. Even though the resolution was soundly defeated, the debate highlighted deed divisions within Congress over trade six months after global trade talks collapsed in Seattle and one month after the House backed a landmark China trade deal ushering Beijing into the WTO.

Under a law that authorised U. On June 8, the House Ways and Means Committee unanimously urged Congress to reject the resolution, which was vehemently opposed by both the Republican congressional leadership and the democratic White House.

But lawmakers took the opportunity to voice their wide-ranging concerns about the WTO, which sets global trading rules. This institute will go a long way in spurring rapid ITisation in this region. The Haryana Government has agreed to contribute to the corpus fund and provide land and building. Edutech Informatics on its part will also contribute to the corpus fund as well as contribute towards the setting up of an Informatics Centre of excellence.

Further, the State is also at an advanced stage of signing more MoUs with several other leading companies in the field. The IIIT will offer certificate, diploma and degree courses in modular form in the area of IT, skill-based courses of varying duration and will also develop non-class room based learning solutions, including technology-based training and web-based training. It is envisaged that the setting up of the IIIT would bridge the gap between the demand and supply of highly skilled IT manpower, tailored to the specific requirements of industry.

Though the government would provide funds and teaching staff, courses to be taught in these institutions would be decided by the private management committees. Mr Garcha said the management committees of these ITIs would include one student representative, one representative of the district employment officer, one member from the faculty and the Principal of the institution as member secretary. Kalsi, Director Technical Education, Punjab, said that courses like radio and TV had become redundant and in place of such courses IT courses would start.

The objective is to allow industry to train youth as per its requirements. There are over ITIs in Punjab. Besides, there are 40 polytechnic colleges and 16 engineerings colleges.

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Banks should have a strategy to merge the main domain business of banking with the knowledge of Information Technology, opined Mr Vittal. This modernisation is must as competition was growing while margins were narrowing, thus forcing banks to use IT to sustain the viability of the system, the CVC said while interspersing his speech with quotes from the Upanishads.

Mr Vittal said that a huge amount of Rs 51, crore non- performing assets NPA's were pulling down the banks. Sharma ,said that the computerisation will help in establishing the truth in an accurate manner. This will help in dealing with all banking instruments. The problems at the moment are regulations and mindsets, he opined. Earlier, Dr S.

Mangal, Chairman of the IETE said the Internet was going to usher a golden era , the banking industry needs to catch up with technology , especially the Internet. Meanwhile the conference will cover the issues of branch automation hardware and networking, software, basic requisites, standardisation and data warehousing connectivity of branches, security channels, ATM, tele--banking, virtual kiosks , Internet banking and ' e- commerce'.

The bank has hiked the dividend from 40 per cent to 50 per cent for SBI Chairman GG Vaidya told reporters here today that the net profit has been boosted by lower provisioning for the year. In , the bank has charged Rs Also, the write back of excess provision for investment depreciation contributed Rs These two heads have boosted the post-tax profit for the year by nearly Rs crore. The operating profit of SBI also recorded an increase of Net interest income for the year stood at Rs Total income of the bank rose by Vaidya said that provision towards non-performing assets has been lower at Rs During , the net NPA percentage of the bank declined to 6.

Gross NPA to gross advances during was lower at As regards other provisions, the bank has allocated Rs crore towards income tax during the year as against Rs crore made in the previous year. Provision for salary revision arrears had been made to the extent of Rs crore for the year. The bank has also witnessed growth in domestic deposits during , and it grew by S House of Representatives has overwhelmingly rejected a resolution seeking U.

S membership in the WTO in a victory for President Bill Clinton and a setback for protectionist forces who accused the organisation of pandering to big business at the expense of workers and the environment. S participation and leadership in the World Trade Organisation. Even though the resolution was soundly defeated, the debate highlighted deed divisions within Congress over trade six months after global trade talks collapsed in Seattle and one month after the House backed a landmark China trade deal ushering Beijing into the WTO.

Under a law that authorised U. On June 8, the House Ways and Means Committee unanimously urged Congress to reject the resolution, which was vehemently opposed by both the Republican congressional leadership and the democratic White House.

But lawmakers took the opportunity to voice their wide-ranging concerns about the WTO, which sets global trading rules. This institute will go a long way in spurring rapid ITisation in this region. The Haryana Government has agreed to contribute to the corpus fund and provide land and building.

Edutech Informatics on its part will also contribute to the corpus fund as well as contribute towards the setting up of an Informatics Centre of excellence. Further, the State is also at an advanced stage of signing more MoUs with several other leading companies in the field. The IIIT will offer certificate, diploma and degree courses in modular form in the area of IT, skill-based courses of varying duration and will also develop non-class room based learning solutions, including technology-based training and web-based training.

It is envisaged that the setting up of the IIIT would bridge the gap between the demand and supply of highly skilled IT manpower, tailored to the specific requirements of industry. Though the government would provide funds and teaching staff, courses to be taught in these institutions would be decided by the private management committees.

Mr Garcha said the management committees of these ITIs would include one student representative, one representative of the district employment officer, one member from the faculty and the Principal of the institution as member secretary. Kalsi, Director Technical Education, Punjab, said that courses like radio and TV had become redundant and in place of such courses IT courses would start. The objective is to allow industry to train youth as per its requirements. There are over ITIs in Punjab.

Besides, there are 40 polytechnic colleges and 16 engineerings colleges. There will be crash courses, of three months, six months in all these institutions to meet the demand for trained staff. The Punjab Government is examining a proposal put up by certain companies to provide computer training of one year to unemployed graduates in rural areas. The companies have assured the Government that they would make such youth eligible for HI visa to get jobs abroad.

Mr Kalsi said that the Government would play the role of a facilitator for starting such courses in rural areas. The panchayat concerned or any NRI would have to provide at least 12 computers for starting such training programme in their respective villages. In recent years, certain public sector undertakings performed reasonably well and paid significant dividends to the government, [13] whereas other PSU's such as Air India , BSNL , and MTNL made huge losses, costing the taxpayer massive amounts of money.

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Commission ron disinvestment chairman tax increment reinvestment zones

DISINVESTMENT IN ECONOMY BY RAMESH SINGH INDIAN ECONOMY CHAPTER 9.3

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Dr bestbinaryoptionsbroker654.com subsequently took up the chairmanship of this Commission in July However, the Disinvestment Commission ceased to exist in May Disinvestment commission Chairman G.V. Ramakrishna is pushing hard to offload equity in many public-sector undertakings (PSUs), but the. Disinvestment in Public sector undertakings in India, is a process of public asset sales done by the President of India on behalf of the Government of India.