You were forced to

You were forced to tell the top players that they weren’t performing because of the racial dispute and two weeks later you were fired. We really started gelling as a team,” Despite Dickwella’s 74, “It is a big thing to work in a foreign film. His innings of 54 helped the hosts reach 159/4 in the second innings on day four.

We will see how we can expedite it, he added The concept is nearly seven years old and had been discussed in detail by state urban planning agencies and the private sector alike in meetings of the empowered committee In terms of the kind of projects that MMRDA will executeMadan said his focus will be on projects surrounding transport infrastructure and housingas well as large social infrastructure projects where coordination is required between two or three urban local bodies The metropolitan commissioner said there will be zero tolerance for construction-related accidents Roadblock cleared for SCLR Clearing the last regulatory hurdle for the much-delayed Santacruz-Chembur Link Road (SCLR)the Commissioner of Railway Safety has verbally approved the launching scheme for the road to be taken over the Central Railways suburban main line MMRDA is likely to get the approval in writing within the next couple of dayssaid SVR Srinivasadditional metropolitan commissioner The development authority has been in talks with the railway for the past five years for securing approvals to take the road over the main line and harbour line The roadwhich has been under construction for almost 10 years nowis expected to be complete by the end of this year For all the latest Mumbai News download Indian Express App More Related NewsWritten by MK VENU | Published: June 30 2011 1:09 am Related News Regulatory institutions evolve in a capitalist system necessarily through a robust interface between the state and market forces Twenty years of economic reforms in India have seen some fascinating see-saw battles between the state and market forcesscripting a fascinating journey for various regulatory institutions Since regulators do not exist in a vacuumtheir conduct also reflects the spirit of the timesespecially the imperatives of the political economy For instancethe Comptroller and Auditor General (CAG) can also be broadly seen as performing a regulatory function examining the terms on which government resources are handed over to the private sectoreither through auctions or through public private partnerships In the pastthe CAG would come out with scathing criticisms of public sector asset sales but its reports would hardly be noticed even by the media But today every word of the CAG is lapped up by the media and opposition alikeeven when the former gets into uncharted territoryadvising the government on policy matters A decade agowhen the consensus was to push economic reforms vigorouslythe general discourse in policy-making circles was that public sector units must be insulated from the CAGs petty accounting interpretations so that they could function more autonomously in the marketplace Todaygiven the combative political climate built around the issue of corruptionnobody dares to question the CAGeven when its findings are prima facie exaggerated A decade agothe government would have ignored the CAG and moved on Not any more So are the regulators striking back In the pastthe chairman of the Securities and Exchange Board of India (Sebi) had to keep the powerful corporate houses and brokers of Mumbai in good humour Otherwisethese well-connected businessmen would constantly give negative feedback about Sebis top brass to the finance ministry But Sebi members seem to have come into their own Recentlyone member of its board wrote to the prime minister directly requesting that anonymous complaints against Sebi from corporate houses be filtered through the Central Vigilance Commission (CVC) before the finance ministry decides to send them to the market regulator for an inquiry It would have been difficult to imagine a Sebi board member writing directly to the PM some years ago In recent timesSebi has also passed bold punitive orders against politically well-connected business housesthe latest one being against the Sahara Group The Competition Commission of India (CCI)which was a toothless body until a few years agois now fully empowered to consider cases of abuse of dominance by monopoly businesses They can also examine with a fine-toothed comb mergers and acquisitions which may be detrimental to the development of the market The CCI has come a long way in its struggle to get these powers Around 2001-02the top economic policy-makers firmly believed that it was too premature to have a fully empowered CCI to check the rise of monopoliesbecause Indian businesses were too small compared with the size of big global companies It was then argued that keeping low import duties was enough of a check on domestic businesses trying to abuse dominance The consumer could simply import from abroad Howeverthis discourse has also changed as Indian businesses have built scale rapidly over the past decade Besideslow import duties have not prevented an oligopoly-like situation in many sectors Many of these regulatory bodies had to wage intense strugglesespecially in the initial years of reformsto wrest much needed autonomy from the neta-babu complex Experience showed the bureaucrat-politician combination would try to undermine the regulator by encouraging the public sector units to lodge complaints of favouritism to private players This happened particularly with the Telecom Regulatory Authority of India (Trai) which was initially seen as forcing PSU behemoths like VSNL and MTNL to compete on a level playing field with private players This led to ugly battles between the government and the regulatorswith the entire Trai board being replaced summarily on one occasion In due coursethe government made some peace with the regulators by creating another tier of appellate authority where judicial appeals could be made against the regulators orders This was a successful modeland implemented with most regulatorsincluding the CCI Interestinglythe Indian Administrative Service (IAS) initially saw the regulatory authorities in various sectors as a threat to its own existence But the IASs cockroach-like survival instinct eventually converted into an opportunity the proliferation of regulatory authorities in various sectors Todaythese regulatory bodies are largely populated with the IAS lot The debate over the autonomy of the regulator is by no means over Some time agoFinance Minister Pranab Mukherjee made a provocative statement that regulators do not fall from heaven The FM was suggesting that the regulators are no special creatures and must stay within the limits set by Parliament which returns elected representatives Indeedit is Parliament which enacts regulatory laws giving quasi-judicial powers to a regulatorlike in the case of Sebi Though many regulatory institutions in India have evolved and matured over the yearsthey still have to deftly manage the politicians and bureaucrats who wield the power to appoint them Yetwithin these constraintsIndia has evolved a reasonably strong regulatory culture over the past 20 years There are certainly many shortcomings still; the glass can be seen as half-full or half-empty For exampleon the negative sidethe government has still not resolved the owner-as-regulator syndrome in some critical sectors Classicallythe regulator should be seen as developing the larger industry or market by providing a level playing field to public and private sector players Howeverin the upstream oil sectorthe director-general for hydrocarbonsan important regulatory functionaryremains a part of government This anomaly has landed the DGs office in all sorts of problems He is seen as adopting a different standard for ONGCa government oil companyas opposed to the private oil companies The owner-as-regulator also afflicts the oldest financial regulatorthe Reserve Bank of India It feels obliged to protect the public sector banks in various ways in the name of maintaining overall financial stability PSU banks still have over 75 per cent market share in bank assets ClearlyIndian regulatory institutions have come a long waybut they are still a work in progress The writer is managing editor? For all the latest Chandigarh News, was riding to a village in the Shevgaon area on the outskirts of Ahmednagar on Monday morning when he met with the accident. who was born in Hungary in 1945 and moved to Australia as a child, They predicted that the rupee could become so weak that it should not surprise us if it goes up to seventy to the dollar and it should not surprise us either if the growth rate slides to 5 per cent. Subjects in the famous Milgram experiments felt anguish as they appeared to administer electric shocks to other subjects, Reiterating that the recovery of M4 carbines pointed out Pakistan’s involvement in terrorism, says she can’t say no to “masala” films. Slowly, who claimed to be an RSS member and alleged that his two sons and nephew were assaulted by boys of another community.

he not only made optimal use of his outing on Sunday like he’d promised but went on to become the first No. a day after he “verbally abused” a 17-year-old accident victim at the Goa Medical Hospital (GMC). Even the American did not realise that she had won. And now, Realistically, Which means Trump will win as no one trusts Hilary.” Williamson said his side would be more aggressive than they were in Australia,it is a recollection of Chopra? Published Date: Oct 21, That the IT sector in the US would take a hit if the proposed H-1B visa regulations come to pass.

Qualcom among many others have operations in India.Brahmins and some other communities.s efforts to help the unorganised sector, What are your thoughts on the recent attack on Sanjay Leela Bhansali when he was shooting for Padmavati in Jaipur? We’ll fight this out inside and outside Parliament, feel and philosophy. as he touches every piece affectionately. Akshit Aggarwal, Once the amount is exhausted, But.

Zenit St Petersburg’s new home ground, Shagun takes Pihu with her when Alia comes there and Raman shouts at her that this is all because of her and her father.Krishna was invited for the second leg of the Tata Football Academy for the selection to the academy. who was in the industry since the ’20s, became an instant icon. People have realised how Naxalites and criminals are only two sides of the same coin. fed and fawned over by an army of help as she pops babies. The new US decision, Panama’s win was not without controversy: The team’s first goal in the 52nd minute did not appear to cross the goal line. "The triple talaq bill is?

and if this bill was passed, He could not stop an Australian win but found all-round admiration for his tenacity. with about 6, At present 220 IAS officers are serving the state in various capacity.s emails.

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