No deadline for panel's makeover: Montek

Arun Maria, a member of the Commission, was recently asked to come up with recommendation regarding restructuring the panel to give it a new look and profile for ensuring better results

The Planning Commission today said it has not set any time frame for converting itself into a 'System Reforms Commission', a proposal aimed at better reflecting the changing economic profile of the country, reports PTI.

"I have not set a time frame on it," Planning Commission deputy chairman Montek Singh Ahluwalia told newsmen when asked about the body taking a new avatar as the Systems Reform Commission by 2012.

Denying reports that Prime Minister Manmohan Singh has Okayed the proposal for converting the Commission into Systems Reform Commission, Mr Ahluwalia said, "At the moment we don't have any specific proposal from Arun Maria (for restructuring of the body)."

Mr Maria, a member of the Commission, was recently asked to come up with recommendation regarding restructuring the panel to give it a new look and profile for ensuring better results.

Mr Ahluwalia said, "He (Maria) will come back to the internal Planning Commission and then we would take a view.

Then it would go to the prime minister, or may be it will go to the full Commission. Mr Maria has been asked to do something.

We have to wait and see what he does."

Mr Maria, on his part, had said earlier this month that four components would be involved for converting the Commission into Systems Reforms Commission. These include bringing about economic growth and a sustainable environment, involving more people in inclusive growth, and addressing issues related to governance.

Mr Maria had also said the process of revamping the body "is an ongoing" one without any particular timeframe.

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Nova Medical Centers in joint venture with Max Healthcare

Nova Medical Centers, a specialised day care surgery centre chain said it formed a joint venture with Max Healthcare Institute Ltd (MHC) to expand the reach of its day care surgery in the National Capital Region. MHC will hold a 31% stake in the joint venture, titled as Nova Medical Centres NCR Region. There is no word on the rest of stake holding.

The JV with MHC will provide Nova with a reputed partner for all additional procedures that are typically not undertaken at Nova such as major surgeries including cardiac, obstetrics, organ transplants, emergency/trauma care, overnight stay, and advanced diagnostics like MRI and CT, it said in a release.

In a day care surgery, patient is admitted for investigation or surgery on a planned, non-resident basis. Internationally, almost 70% of all surgeries are conducted as day care surgeries, and this trend is on the rise in India as well.

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IndiaFirst Life Insurance gets ISO certification

Mumbai-based IndiaFirst Life Insurance Co Ltd, a joint venture between Bank of Baroda and Andhra Bank with UK’s Legal & General, said it received the ISO 9001:2008 certification for its best-in-class business processes.

IndiaFirst Life Insurance is the first life insurance company in the country to receive the ISO 9001:2008 certification within 7 months of operations, it said in a release.

On Thursday, Bank of Baroda shares closed 0.3% up at Rs717, while Andhra Bank shares closed 0.1% down at Rs137 on the Bombay Stock Exchange. The Sensex ended at 0.2% up at 17,909 points.

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COMMENTS

R Balakrishnan

7 years ago

It is a sad commentary on the way the ISO certification is given. What does this mean? The co has yet a long way to go in meeting or paying its claims. All it is doing today is selling. For this, an ISO certification means zilch.

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