Nation
Narendra Modi takes the charge with 44 ministers
The Narendra Modi government will have 23 cabinet ministers, 10 MoS with independent charge and 11 ministers of state
 
Bharatiya Janata Party (BJP) leader Narendra Modi on Monday sworn in as the new prime minister of India. His ministry includes 23 cabinet ministers, 10 ministers of state (MoS) with independent charge and 11 MoS. Modi took oath as India's 15th Prime Minister in the presence of SAARC leaders at Rashtrapati Bhavan. President Pranab Mukherjee administered oath of office and oath of secrecy to Prime Minister Modi. 
 
Immediately after Narendra Modi took the oath, his new website, http://www.pmindia.nic.in/ became LIVE.  
Prominent names, who took the oath along with Modi as cabinet ministers are BJP president Rajnath Singh, Sushma Swaraj, Arun Jaitley, Venkaiah Naidu, Nitin Gadkari, Sadananda Gowda, Uma Bharti, Najma Heptullah, Gopinath Munde, Ram Vilas Paswan, Kalraj Mishra, Maneka Gandhi, Ananth Kumar and Ravi Shankar Prasad. 
 
Others who took oath were TDP's Ashok Gajapathi Raju, Shiv Sena's Ananth Geete, Shiromani Akali Dal's Harsimrat Kaur Badal, Narendra Singh Tomar, Jual Oram, Radha Mohan Singh, Thavarchand Gehlot, Smriti Irani and Dr Harsh Vardhan. 
 
Ministers of State with Independent Charge are Gen (Retd) VK Singh, Rao Inderjit Singh, Santosh Kumar Gangwar, Jitendra Singh, Nirmala Sitharaman, Dharmendra Pradhan, Sarbananda Sonowal, Prakash Javadekar, Piyush Goel and Shripad Naik from Goa. 
 
GM Siddeshwara, Manoj Sinha, Upendra Kushwaha, Radhakrishnan P, Kiren Rijiju, Krishan Pal Gujar, Sanjeev Kumar, Balyan Mansukhbhai Baswa, Raosaheb Danwe, Vishnudev and Sudarshan Bhagat took oath as ministers of state. 
 
Pakistan Prime Minister Nawaz Sharif, Sri Lankan President Mahinda Rajapaksa, Mauritius Prime Minister Navin Ramgoolam, Afghanistan President Hamid Karzai, Nepal Prime Minister Sushil Koirala, Bhutan Prime Minister Lyonchen Tshering Tobgay and Maldivian President Abdulla Yameen Abdul Gayoom were present during the ceremony in the capital. Speaker of Bangladesh Shirin Chaudhry represented the country’s Prime Minister Sheikh Hasina. 
 
In a statement, Ajay Shriram, president of CII, said, "At the current juncture, it is vital to revive the pace of GDP growth, bring down inflation, and create new jobs on a large scale. CII anticipates a quick and proactive agenda of economic and governance policies, including fiscal consolidation, fast-tracking of stranded projects, and sectoral initiatives for infrastructure, manufacturing, agriculture and mining."
 
This is the much smaller ministry in comparison to the last three union governments, including the previous National Democratic Alliance (NDA) government led by Atal Bihari Vajpayee.

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COMMENTS

MG Warrier

3 years ago

We need to follow ‘WE THE PEOPLE’(Ref: Preamble of India’s CONSTITUTION) AND BE PRACTICAL AND PRAGMATIC. We should, as a beginning has been made on May 26,2014, think beyond sectoral and ‘political’ interests. Let us understand the INCLUSIVE SECTOR comprising public sector, private sector and the one billion Indians who were given denominations and classifications so far. Modi, Raghuram Rajan, Kejriwal, Medha Patkar, APJ Abdul Kalam, Bimal Jalan, Nehru, Gandhi, Lal Bahadur Shastri, Bajpayee, Sreedharan…the list can go on and on…all have/had dreams about INDIA…The recent awakening has shown that CHANGE IS POSSIBLE…

S.S.A.Zaidi

3 years ago

master stroke was inviting SARC leaders-it augurs well
zaidi

Sensex, Nifty to move sideways: Monday closing report
Nifty will consolidate at the current level and move up only on strong policy impetus
 
The Indian market opened Monday sharply higher and moved in a narrow range until 2pm. However, it then started giving up gains and suffered a major plunge in the last hour when it crashed giving all the intra-day gains. The benchmark indices tried recovering and although BSE 30-share Sensex managed to close marginally higher, NSE 50-share Nifty closed in the negative.
 
The Sensex opened at 24,914, 221 points higher while Nifty opened 62 points higher at 7,429. Sensex moved from the high of 25,175 to hit a low of24,434 and closed at 24,717 (up 24 points or 0.10%) while Nifty hit a high of 7,504 and moved lower to hit a low of 7,269 and closed at 7,359 (down8 points or 0.11%). The NSE recorded a huge volume of 210.60 crore shares. India VIX rose 12.06% to close at 19.84.
 
Except for IT (1.34%) and Auto (1.06%) all the other indices on the NSE closed in the red. The top five loser were Realty (5.45%),Smallcap(2.99%),Nifty Midcap 50 (2.56%), PSU Bank (2.49%) and Midcap (1.99%).
 
Of the 50 stocks on the Nifty, 18 ended in the green. The top five gainers were M&M (7.37%), Sesa Sterlite (4.34%), HCL Technologies (3.93%), Wipro (3.89%) and Tata Motors (2.86%). The top five losers were DLF (6.03%), Bhel (5.84%), IDFC (5.34%), Bank of Baroda (4.58%) and Tata Power (3.92%).
 
Of the 1,601 companies on the NSE, 512 closed in the green, 1,050 companies closed in the red while 39 companies closed flat.
 
BJP leader Narendra Modi took oath as the Prime Minister on Monday evening. As per reports, the Modi-led government will have smaller cabinet, with one cabinet member heading a cluster of merged ministries. The focus is to increase coordination between different government departments and facilitate rapid decision-making.
 
Mahindra & Mahindra (6.23%) was the top gainer in the Sensex 30 pack and top gainer in ‘A’ group on the BSE. The company was in the news for it investing about Rs 40 billion ($684 million) in a new factory as it readies new models for an anticipated pickup in sales.
Tata Power (4.11%), among the top loser among the Sensex 30 stock, was in news for its plans to focusing on overseas opportunities including regions of South East Asia and SAARC, Africa and Middle East.
 
Housing Development and Infrastructure plans to raise up to Rs 1,800 crore this fiscal by selling stakes in some of its assets to partly repay its debt by around Rs 600-700 crore in FY15. The company plans to sell off its 100-acre land parcel in Hyderabad and some of its commercial projects in Mumbai this fiscal. The stock (9.16%) was among the top two losers in ‘A’ group on the BSE.
 
US indices closed in the green in Friday. Today the markets remain closed on account of Memorial Day.
 
Data from the Commerce Department showed sales of new US single-family homes rose more than expected in April and the supply of houses on the market hit a 3-1/2 year high.
 
Asian indices closed mostly in the green. Nikkei 225 (0.97%) was the top gainer while top losers, KLSE Composite and Seoul Composite, fell 0.34% each.
 
European indices were showing mixed performance. German consumer confidence is due to stabilise at a high level in June, suggesting that the continuing tension in Ukraine has yet to have a noticeable impact on German consumer sentiment. The Nuremberg-based GfK institute's forward-looking indicator is due to be 8.5 in June, the group reported Monday, matching the previous month.

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SEBI asks Ramel Industries, directors to refund money raised via OFCDs
Ramel Industries and its promoters, directors have also been barred from raising money from public as well as access the capital market till the expiry of three years from the date of completion of refund
 
Market regulator Securities Exchange Board of India (SEBI) has directed Ramel Industries Ltd, its promoters and directors, to refund the money, which it had collected from public through issuance of debentures, within two months along with 15% interest.
 
According to SEBI, Ramel Industries had issued optionally fully convertible debentures (OFCDs) in the garb of private placement and had not filed any prospectus with regard to the same with the capital market regulator.
 
The company had allegedly solicited Rs60.86 crore from 31,582 investors through issue of OFCDs between 2009-2012.
 
In its order, the market regulator, asked Ramel Industries and its promoters and directors to refund 'within two months' the money raised through OFCDs in 2009-2010, 2010-2011 and 2011-2012 to the subscribers of the issue.
 
The company also has to pay "interest at the rate of 15% per annum from the date of receipt of money till the date of such refund or the redemption value as promised and accrued till the date of refund, whichever is higher".
 
Such refund has to be made only in cash through demand draft or pay order, the market regulator said.
 
Further, the company has to file a "certificate of such completion with Sebi from two independent peer reviewed Chartered Accountants who are in the panel of any public authority or public institution".
 
Besides, the promoters and directors of Ramel Industries -- Rameswar Podder, Ramendra Mohan Sarkar, Sukanta Deb and Partha Das -- are "restrained from associating themselves with any listed public company and any public company which intends to raise money from the public till the expiry of three years from the date of completion of refund as directed".
 
According to SEBI findings, as the number of persons to whom the OFCDs issued by Ramel Industries was more than 49, it would be qualified "as a public issue by virtue of the provisions...Of the Companies Act, 1956, which has been elucidated by the Supreme Court of India in the Sahara Order".
 
Among others, SEBI said the issue would attract the requirement of compulsory listing before a recognised stock exchange which the company failed to do.
 
Moreover, SEBI found -- Rabi Das, Samaresh Mukherjee and Shyamalendu Sarkar -- as debenture trustees for the issue by Ramel Industries "were not eligible to be appointed as debenture trustee" as they were not registered with the market watchdog.

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COMMENTS

raheesh pal

1 year ago

ajj lagbhag 4month ho chuke per paise ka koi pata nahi sebi kahti hai 1 month me diladuga lekin 1 month ke 4 month ho chuke per paise nahi mile ajj esi halat ho chuki hai ki abto log marne lage our jo kuch hatho me hota bo sab kuch chhin lete hai

pleas..........mera paisa dila do to mahan kripa hogi

eski jankari na tv par ati hai na hi peper per ...........
esko media ke samne lao

raheesh pal

1 year ago

ajj lagbhag 4month ho chuke per paise ka koi pata nahi sebi kahti hai 1 month me diladuga lekin 1 month ke 4 month ho chuke per paise nahi mile ajj esi halat ho chuki hai ki abto log marne lage our jo kuch hatho me hota bo sab kuch chhin lete hai

pleas..........mera paisa dila do to mahan kripa hogi

eski jankari na tv par ati hai na hi peper per ...........
esko media ke samne lao

Atul Singh

1 year ago

i have around 5 lacs money invested in this company. Can anyone tell me how should i get my money back and what will be procedure for getting my money back?

[email protected]

Ejaz

2 years ago

i have 3.5 lacs blocked in this company.can anyone tell me how should i get my money back?

Usha Tibrewal

2 years ago

USHA TIBREWAL
Sir,
Please arrange as soon as possible to return all the Amount of Money Invested.
RAMEL INDUSTREIS LIMITED
1.FOLIO NO.RIL75654 & CERTIFICATE NO. 072754
2.FOLIO NO.RIL228376 & CERTIFICATE NO. 228476
3.FOLIO NO.RIL228382 & CERTIFICATE NO. 228482
4.FOLIO NO.RIL235774 & CERTIFICATE NO. 235874
I DONT HAVE THE FOLIO NO & CERTIFICATE NO, SO I AM GIVING THE INVESTOR ID OF THE MONEY RECEIPT, INVESTOR ID. ASN0758469 OF AMOUNT RS.5000.ITS PLAN NAME IS OFCD/(S)-5 YRS. ITS REFERENCE NO IS. ASNO05758469.MONEY RECEIPT DATE IS 11/04/2012.MY MOBILE NO is 0851653514,09333130742,08293823598,09641464887.MY EMAIL ID IS:[email protected],pradip [email protected],[email protected]

Usha Tibrewal

2 years ago

USHA TIBREWAL
Sir,
Please arrange as soon as possible to return all the Amount of Money Invested.
RAMEL INDUSTREIS LIMITED
1.FOLIO NO.RIL75654 & CERTIFICATE NO. 072754
2.FOLIO NO.RIL228376 & CERTIFICATE NO. 228476
3.FOLIO NO.RIL228382 & CERTIFICATE NO. 228482
4.FOLIO NO.RIL235774 & CERTIFICATE NO. 235874
I DONT HAVE THE FOLIO NO & CERTIFICATE NO, SO I AM GIVING THE INVESTOR ID OF THE MONEY RECEIPT, INVESTOR ID. ASN0758469 OF AMOUNT RS.5000.ITS PLAN NAME IS OFCD/(S)-5 YRS. ITS REFERENCE NO IS. ASNO05758469.MONEY RECEIPT DATE IS 11/04/2012.MY MOBILE NO is 0851653514,09333130742,08293823598,09641464887.MY EMAIL ID IS:[email protected],pradip [email protected],[email protected]

Jayanta Mistry

2 years ago

JAYANTA MISTRY
sir,
Please arrange CBI Investigation to return all deposited amount for all investor.
RAMEL INDUSTRIES LIMITED
Folio NO.RIL5533 & Certificate NO.RA07772
Folio No.RIL44445 & Certificate No.044547
Folio No.RIL136505 & Certificate No.136605
Folio No. RIL124915 & Certificate No.125015

Rajni Kant Rakesh

2 years ago

RAJNI KANT RAKESH (SRP120044)
I have invest Rs. 790960.00 (Seven Lakh Ninty Thousand Nine hundred Sixty only) in Ramel Industries India Ltd. in different scheme through many parties.
But on the date of payment not paid amount by Ramel Industries.
So, Please arrange to return my deposited amount.
Thank you

CHANDRASHEKHAR

2 years ago

Dear sir,
I was working as agent of RAMEL INDUSTRIES LTD. and I have invested about 5 lacs collecting from many people in different schemes of the company.now company has closed most of his branches.i have no idea what to do. so it is request from me pls find a way to return money back to the investor. and i paid to party (people) which amount he paid to ramal industries and dear sir how can money return to me
chandrashekhar chourasia(agent code rtg72054
at+po+ps=amarpur
dist=banka
state =bihar
pin code 813101

gautam kumar

2 years ago

Dear sir,
I was working as agent of RAMEL INDUSTRIES LTD. and I have invested about 5 lacs collecting from many people in different schemes of the company.now company has closed most of his branches.i have no idea what to do. so it is request from me pls find a way to return money back to the investor.
gautam kumar(agent code nrj71805
plot no. 126
co-operative colony
bokaro steel city
827001 jharkhand.

REPLY

HEMANT KUMAR

In Reply to gautam kumar 2 years ago

same situation with me also . if you find any solution to this problem please contact me 9899312757

Taj Alam

3 years ago

Dear Sir,
Mera Name Taj Alam Hai Mai Ramel Industries Ma Rs.325000 Invest Karaya Tha SEBI Ki Website Per Ramel Industries Ki Balance Sheet Dekha Usme Kwal OFCD Scheme Ka Record Hai.
Sir Mai Aapko Avgat Karana Chahta Hoon Ki Ramel Industries 4 Scheme K Maddyam Se Investron Ka Paisa Uthaya Tha.
1. OFCD
2.NCRD (Non Convertable Redamble Debenture).
3.MPS(Monthly Prouduct Scheme).
4.MIS(Monthly Inrest Scheme).
Sir Mera Aapse Nivedan Hai Ki Ramel Industries Compny Ki Phir Se CBI Janch Kar Sabhi Investron Ka Paisa Return Karwane Ki Kirpa Karen. Thank You
Taj Alam
Mubarakpur
Tanda
Ambedkar
Nahgar(U.P)
Pin.224190
M.9598646085

REPLY

Sadhana Roy

In Reply to Taj Alam 2 years ago

Sir i invest 10lac rupees this is my hole life income pls refund my money
its a request ..........

CHANDRASHEKHAR

In Reply to Sadhana Roy 2 years ago

Dear sir,
I was working as agent of RAMEL INDUSTRIES LTD. and I have invested about 5 lacs collecting from many people in different schemes of the company.now company has closed most of his branches.i have no idea what to do. so it is request from me pls find a way to return money back to the investor. and i paid to party (people) which amount he paid to ramal industries and dear sir how can money return to me
chandrashekhar chourasia(agent code rtg72054
at+po+ps=amarpur
dist=banka
state =bihar
pin code 813101

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