Supervising finance firms
The Khanna Committee report was submitted to the RBI on April 22, 1996, but released to the public only on January 18, 1997. This was preceded by an ordinance issued on January 9, 1997, which has since been passed by the Parliament - with a few modifications - to become an Act. Among others, it now gives the RBI unprecedented and enormous powers to oversee and regulate NBFCs.
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The emerging role of women
Are men from Mars and women from Venus in the boardroom, too? It's a question that is of vital significance for business families as their women have now begun to step out of the cloistered courtyards of traditional `havelis' into positions of power in the family businesses.
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