Daily Archives: November 19, 2015

Indira Gandhi NSS Awards 2014-15

By | November 19, 2015

Ministry of Youth Affairs and Sports of Govt of India on 19-November, 2015 President Pranab Mukherjee Confers Indira Gandhi NSS Awards 2014-15 The President Shri Pranab Mukherjee conferred Indira Gandhi National Service Scheme Awards 2014-15 to 57 persons at a function at the Darbar Hall of Rashtrapati Bhawan here today. The objective of the Awards… Read More »

InterLinking of River Taken up on a High Priority

By | November 19, 2015

Ministry of Water Resources of Govt of India on 19-November, 2015 Inter-Linking of River Taken up on a High Priority Government has taken up Interlinking of River (ILR) programme under National Perspective Plan (NPP) on a high priority. The Detailed Project Reports (DPR) of Ken – Betwa Link Project, Damanganga – Pinjal Link Project and… Read More »

Ministry of Mines Invites Science and Technology Projects Proposals

By | November 19, 2015

Ministry of Mines of Govt of India on 19-November, 2015             Projects are invited from Academic Institutions, Universities, National Institutes and R&D Institution recognized by the Department of Scientific and Industrial Research, Government of India, for upto 3 years duration in thrust areas such as: Exploration of rare earth minerals. Development of new technology for… Read More »

Toll Free Helpline for Cable TV Digitisation

By | November 19, 2015

Ministry of Information & Broadcasting of Govt of India on 19-November, 2015 Ministry of Information & Broadcasting has set up a Toll Free Telephone Number 1-800-180-4343 to answer queries of stakeholders, including consumers, for seamless transition to digitization . To begin with the queries can be answered in 8 Indian languages – Hindi, English, Bangla,… Read More »

Government Prioritizes International Health Regulations

By | November 19, 2015

Ministry of Health and Family Welfare of Govt of India on 19-November, 2015 Signaling its strong commitment to the implementation of International Health Regulations (IHR), the Ministry of Health and Family Welfare in collaboration with the WHO Country Office for India has organized a national consultation on strengthening intersectoral coordination for IHR (2005) and Points… Read More »

Exchange Rate of Foreign Currency Relating to Imported and Export Goods Notified

By | November 19, 2015

Ministry of Finance of Govt of India  on 19-November, 2015  In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in super session of the notification of the Central Board of Excise & Customs No.106/2015-CUSTOMS (N.T.), dated 5th November, 2015, except as respects things done or omitted… Read More »

In tune with vision, हमारा action होगा : Prime Minister of India

By | November 19, 2015

Prime Minister’s Office on 19-November, 2015 Text of PM’s address after the Interactive Session with Assistant Secretaries (IAS, 2013 Batch) उपस्थित सभी महानुभाव और साथियों, जीवंत व्यवस्था अगर समयानुकूल परितवर्तन को स्वीकार नहीं करती है, तो उसकी जीवंतता समाप्त हो जाती है। और जो व्यवस्था में जीवंतता न हो, वो व्यवस्था अपने आप में बोझ… Read More »

Adopt the message of Shri Chaitanya Mahaprabhu:President of India

By | November 19, 2015

Adopt the message of Shri Chaitanya Mahaprabhu and recharge society, says president The President of India, Shri Pranab Mukherjee attended the celebrations of the 500th year of Shri Chaitanya Mahaprabhu’s advent in Vrindavan (November 18, 2015) organised by Sri Chaitanya Mahaprabhu Brij Vrindavan Arrival 500th Anniversary Mahotsav, Vrindavan, Uttar Pradesh. The President said Chaitanya Mahaprabhu… Read More »

Speech of President on India on India Bangladesh relations

By | November 19, 2015

President’s Secretariat on 19-November, 2015 Speech by the President of India, Shri Pranab Mukherjee at the Cavalry Memorial Lecture organized by the Cavalry Officers’ Association 1. I am pleased to be here this evening to deliver the Cavalry Memorial Lecture organized by the Cavalry Officers’ Association. This organization of serving and retired officers of the… Read More »

4 areas where India needs Innovation :President of India Speech

By | November 19, 2015

 Govt of India President’s Secretariat of on 19-November, 2015 Speech by the President of India, Shri Pranab Mukherjee on the occasion of meeting with top 10 winning teams of ‘Innovate for Digital India Challenge’ 1. I congratulate the winning teams of the Innovate for Digital India challenge on their success and for the precise presentation… Read More »

Registration of Corporate Agents for procuring Insurance business

By | November 19, 2015

Insurance Regulatory and Development Authority of India IRDAI/CAGTS/GDL/LCE/202/11/2015 18-11-2015 Reference is made to IRDAI (Registration of Corporate Agents) Regulations, 2015 (herein after referred to as “the Regulations”)which were notified by the Authority on 20.08.2015 and will be effective from 01.04.2016. These regulations shall cover Registration of Corporate Agents for the purpose of soliciting, procuring and… Read More »

Constitution of Implementation Group on Ind AS in the Insurance Sector

By | November 19, 2015

Date:18-11-2015 The Insurance Regulatory and Development Authority of India (the Authority) has taken a stand that insurance sector in India would be converged with IFRS after the revised standard on Insurance Contracts viz., IFRS 4 is pronounced by IASB. The same was also conveyed to Ministry of Corporate Affairs (MCA). The MCA has considered the… Read More »

RBI issues Directions for obtaining Prior Approval for Acquisition of Shares/Voting Rights in Private Sector Banks

By | November 19, 2015

Date : Nov 19, 2015 The Reserve Bank of India today issued revised Directions necessitating prior approval for acquisition of shares or voting rights in private sector banks. These Directions contain two major changes: A person intending to acquire shares or compulsorily convertible debentures/bonds or voting rights or convert optionally convertible debentures/bonds of 5 per… Read More »

Category: RBI

Updates to Al Qaida and Taliban Sanctions List,Implementation of Section 51-A of Unlawful Activities Prevention Act

By | November 19, 2015

Reserve Bank of India RBI/2015-16/235 DBR. AML.No.6854/14.06.001/2015-16 November 18, 2015 The Chairpersons/ CEOs of all Scheduled Commercial Banks/ Regional Rural Banks/ Local Area Banks/ All India Financial Institutions/ all NBFCs/ All Primary (Urban) Co-operative Banks /State and Central Co-operative Banks (StCBs / CCBs) /All Payment System Providers/ System Participants and Prepaid Payment Instrument Issuers/ All… Read More »

Category: RBI

Placement of Deposits with Other Banks by Primary (Urban) Co-operative Banks (UCBs)

By | November 19, 2015

Reserve bank of India RBI/2015-16/236 DCBR.BPD. (PCB).Cir.No. 8/16.20.000/2015-16 Kartik 28, 1937 November 19, 2015 The Chief Executive Officers of All Primary (Urban) Co-operative Banks Dear Sir/ Madam Placement of Deposits with Other Banks by Primary (Urban) Co-operative Banks (UCBs) Please refer to the guidelines contained in our circular BPD. PCB. Cir. 46 / 16.20.00 /2002-03… Read More »

Category: RBI

Apna Sahakari Bank Ltd included in Second Schedule to the Reserve Bank of India Act

By | November 19, 2015

RBI/2015-16/237 DCBR CO. BPD.BC. No.7/16.05.000/2015-16 Kartik 28, 1937 November 19, 2015 All Banks Dear Sir/Madam Inclusion in the Second Schedule to the Reserve Bank of India Act, 1934 – Apna Sahakari Bank Ltd, Mumbai We advise that the name of “Apna Sahakari Bank Ltd., Mumbai” has been included in the Second Schedule to the Reserve… Read More »

Non-Operative Financial Holding Company,Application of Capital Adequacy Norms

By | November 19, 2015

RBI/2015-16/238 DBR.No.BP.BC.57/21.06.201/2015-16 November 19, 2015 All Scheduled Commercial Banks (Excluding Local Area Banks and Regional Rural Banks) Madam / Sir, Non-Operative Financial Holding Company (NOFHC) – Application of Capital Adequacy Norms Please refer to the Guidelines for Licensing of New Banks in the Private Sector issued on February 22, 2013. The guidelines inter alia require… Read More »

Category: RBI

Factoring Services by Banks, Bank can now decide percentage of invoice to be paid upfront

By | November 19, 2015

RBI/2015-16/239 DBR.No.FSD.BC. 58/24.01.007/2015-16 November 19, 2015 All Scheduled Commercial Banks (excluding RRBs) Dear Sir/Madam Provision of Factoring Services by Banks – Review Please refer to our circular DBR.No.FSD.BC.32/24.01.007/2015-16 dated July 30, 2015 on Provision of Factoring Services by banks- Review. 2. In paragraph 4(a), it has been mentioned that in order to ensure that the… Read More »

Prior Approval for acquisition of shares in Private Sector Banks

By | November 19, 2015

RBI/2015-16/240 Master Direction No.DBR.PSBD.No.56/16.13.100/2015-16 November 19, 2015 Prior Approval for acquisition of shares or voting rights in Private Sector Banks: Directions, 2015 In exercise of the powers conferred by Sections 21 and 35 A of the Banking Regulation Act, 1949 and pursuant to the Section 12B of the Banking Regulation Act, 1949 as amended by… Read More »

Average figure11.57% for Priority Sector Lending achievements

By | November 19, 2015

Priority Sector Lending – Targets and Classification issued by Reserve Bank of India RBI/2015-16/241 FIDD.CO.Plan.BC. 13/04.09.01/2015-16 November 18, 2015 The Chairman/ Managing Director Chief Executive Officer [All Scheduled Commercial Banks (excluding Regional Rural Banks)] Dear Sir/ Madam, Priority Sector Lending – Targets and Classification It was communicated vide our Circular No. FIDD.CO.Plan.BC.08/04.09.01/2015-16 dated July 16,… Read More »

RBI Guidelines for Internet Banking facility to Customers

By | November 19, 2015

Internet Banking Facility for Customers of Regional Rural Banks RBI/2015-16/242 DBR.RRB.BC.No. 59/31.01.001/2015-16 November 19, 2015 All Regional Rural Banks Dear Sir/Madam, Internet Banking Facility for Customers of Regional Rural Banks Presently, Regional Rural Banks (RRBs) are not permitted to provide internet banking facilities to their customers. With a view to enhancing customer service and taking… Read More »