Wednesday, September 4, 2013

NSEL crisis: Sub-groups to submit reports to DEA by Sept 12

The two working groups, set up to look into violations by NSEL in the payment crisis on the commodity exchange, are likely to submit their reports to the Department of Economic Affairs by September 12. "The two groups will submit their reports by September 12," DEA Secretary Arvind Mayaram told reporters here after a meeting that was held to discuss the crisis. The meeting was also attended by RBI Deputy Governor K C Chakrabarty, Revenue Secretary Sumit Bose as well as officials from Enforcement Directorate (ED), Consumers Affairs Ministry and Corporate Affairs Ministry..........

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