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Govt. reviews norms for appointment of independent directors
New Delhi: The Government has amended the eligibility criteria for the job of independent directors on the board of public sector companies.

The Government has made "persons of eminence with proven track record from industry, business or agriculture" to be eligible for appointment as independent directors on the boards of PSUs.

The government has removed lawyers in the list. With agriculturalists and businessmen becoming eligible for the job, the Government says it will be able to accommodate public men, who did not fulfill the criteria earlier. The review of the eligibility criteria was affected after controversy erupted over the moves to appoint politicians who did not fulfill the conditions to become independent directors on the boards of Navratna companies.
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PM assures support for private enterprise
New Delhi: The Prime Minister, Manmohan Singh, on Tuesday said he fully supported the growth of private enterprise as part of national development.

Addressing the "Hindustan Times' Leadership Summit" here, Dr Singh also stressed upon the need to give rural India a 'better deal.'

The Prime Minister admitted that the bureaucratic rules were 'roadblocks' to growth of private enterprise, but said he was committed to break those 'shackles' to allow their growth.

The Prime Minister also pledged to reverse the poor infrastructure for which there was need for massive investments.
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MIT may open a Kolkata chapter
Kolkata: West Bengal finance minister Asim Dasgupta said that the Massachusetts Institute of Technology (MIT), may open a Kolkata chapter and tie up with leading institutions here.

He said the MIT was eager to open a Kolkata chapter and had held a preliminary discussion with the government of West Bengal.
Dasgupta, an MIT alumnus and visiting lecturer at the university visited the US this month to deliver a lecture at MIT and also to woo investment.

It had been decided that MIT would tie up with five academic institutions of international repute here -- Indian Institute of Technology (IIT) Kharagpur, Indian Statistical Institute (ISI), BE College of Shibpur, Jadavpur University and Calcutta University, Dasgupta said.
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