Vidyadhar Anaskar’s 4th term on RBI task force

Vidya Sahakari Bank Ltd chairman, Vidyadhar Anaskar, has been appointed member of the task force for urban co-operative banks set up by the Reserve Bank of India (RBI). This is the fourth consecutive year that Anaskar will serve on it. Anaskar is director of the Pune District Urban Co-operative Banks Association and the Maharashtra State Urban Co-operative Banks Federation. The task force has been formed on the basis of a memorandum of understanding between the Centre and the state government. The panel will take decisions relating to urban co-operative banks in the state. According to a press release, Anaskar has been representing the urban co-operative banks since January 2008 on the task force. He has represented over 170 urban co-operative banks in the state and has also conducted special sessions for over 265 banks for free to guide their employees on technical and legal issues. He works as a visiting lecturer in various reputed institutes, including the College of Banking run by the RBI, the Yashwantrao Chavan Academy of Development Administration. He is a also tax consultant.

RBI buildings found eligible for issue of Star Label for energy conservation

Sebi awaits public view on Jalan panel report

The Securities and Exchange Board of India (Sebi) executive director JN Gupta on Monday said the regulator has not yet formed a view on the recommendation submitted by the Bimal Jalan committee. Sebi has given time till December 31 for market participants to send their suggestions and comments. "Once the public comments are received, Sebi will follow its normal process of actions," he said. But Gupta, who was also a member of the Jalan Committee, which reviewed the ownership structure and corporate governance of the market infrastructure institutions (MII),said the committee had tried to suggest measures that could keep pace with fast changing market practices and are capable of handling the outcome of a potential risk posed by these institutions. Other panelist who had come against the committee's key recommendations stated that globally stock exchanges remained stable even as big banks and financial institutions collapsed and hence there was no need for imposing stringent restrictions on stock exchange's operations.

...Rangarajan pegs it lower at 5.5%, sees growth at 9%

Inflation is expected to come down to 5.5% by March 2011, Prime Minister’s EconomicAdvisoryCouncilchairman C Rangarajan said on Monday. Besides,the PM panel also sees the country to achieve a GDP growth rate between 8.5-9% in the current fiscal. “I think by March (2011), we can expect (WPI) inflation to come down to 5.5%,” Rangarajan said on the sidelines of the 93rd annual conference of Indian Economic Association. “I think any level of inflation beyond 5% (threshold level of inflation) is uncomfortable,”he asserted.