Panel on NSEL to meet again on Friday

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SummaryA group of secretaries, headed by economic affairs secretary Arvind Mayaram, will meet again on Friday to discuss the reports submitted by two working groups on the settlement crisis at the National Spot Exchange (NSEL).

A group of secretaries, headed by economic affairs secretary Arvind Mayaram, will meet again on Friday to discuss the reports submitted by two working groups on the settlement crisis at the National Spot Exchange (NSEL). “We have received both the reports. We are meeting again on Friday to take the discussion forward,” Mayaram said after the first meeting on Wednesday, attended by secretaries in the departments of corporate affairs, revenue and consumer affairs as well as the head of the Enforcement Directorate, among others. The government last month formed a special team, chaired by Mayaram, to look into the NSEL settlement crisis. The special team is being supported by two working groups: the first is chaired by the director of the enforcement directorate while the second one is headed by the deputy governor of RBI.

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