American Express launches pre-paid gift card in India

Gift card is available in two variants-'Classic' and 'Diwali'

American multinational financial services corporation American Express has launched a new pre-paid gift card in India.

The gift card is available in two variants-'Classic' and 'Diwali'-and entails no additional spending after purchase, an American Express release said.

The card will be available in Rs500, Rs1,000, Rs2,000 and Rs5,000 denominations, it said, adding that it can be replaced for free if lost or stolen. There will be no fee for checking balance, monthly servicing or for card replacement, the release said.

American Express global payment options president Alpesh Chokshi said, "Gifting is an integral part of Indian culture and we are excited to launch the American Express gift card in India, providing millions of consumers and corporations with the perfect gift for any occasion."

With the launch of the American Express gift card in India, Chokshi said, "We are setting a new standard in the gifting segment, which is estimated to be more than $30 billion."

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Pratibha Jain joins Nishith Desai Associates

Pratibha Jain has extensive experience in US and Indian securities laws

Nishith Desai Associates said that Pratibha Jain has joined the company to head its Delhi office.

Ms Jain brings with her a breadth of international and Indian experience having worked in New York, Tokyo, Hong Kong and Mumbai. She was till recently the vice president and counsel for Goldman Sachs in India. She has earlier worked as an associate with Sullivan & Cromwell LLP in their New York, Tokyo and Hong Kong offices and with Skadden Arps Slate Meagher and Flom LLP in their Hong Kong office.

Ms Jain has extensive experience in US and Indian securities laws.   Her areas of focus include private equity, mergers and acquisitions, corporate and regulatory advisory and public policy matters.  

Ms Jain's educational qualifications include BA (Economics) Hons and LLB degree from Delhi University, a bachelor of civil law degree from the University of Oxford, where she was a St Catherine's College Bursary Holder; and a LLM degree from the Harvard Law School, where she was a Samuel Morse Lane Fellow.

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JPC members question non-submission of 2G note

CPI (M) member Sitaram Yechury raised the issue of the finance ministry note that suggested that the then finance minister P Chidambaram could have insisted on auction of the radio waves while BJP member SS Ahluwalia demanded that the finance secretary be summoned immediately to provide clarification on the issue

New Delhi: Opposition members in the Joint Parliamentary Committee (JPC) today termed as a 'serious lapse' non-submission of a finance ministry note on the second generation (2G) spectrum issue before the committee and demanded that the finance secretary be called before it to give clarifications, reports PTI.
As the JPC on the 2G issue met here, CPI (M) member Sitaram Yechury raised the issue of the finance ministry note that suggested that the then finance minister P Chidambaram could have insisted on auction of the radio waves.

Mr Yechury said the note in question was not among the documents submitted by the finance ministry to the JPC.

He is understood to have contended that if the non-submission of the 2G note was a deliberate act, it amounted to breach of privilege and if it was a lapse, it was a serious one.

BJP member SS Ahluwalia demanded that the finance secretary be summoned today itself to provide clarification on the issue.

JPC chairman PC Chacko expressed difficulty in asking the finance secretary to appear before the committee at such a short notice but it cut no ice with the members.

They insisted that a senior ministry official be asked to appear before the committee for explanation.

The JPC had met to record evidence of former telecom secretary Nripendra Mishra.

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