Daily Archives: January 9, 2016

Scholarship for needy children of CAPFs and Assam Rifles personnel

Scholarship for needy children of CAPFs and Assam Rifles personnel             About 300 needy children of Central Armed Police Forces (CAPFs) and Assam Rifles personnel who laid down their lives in the line of duty in recognition of their  sacrifice will be provided scholarship for their schooling. M/s  Sarojini Damodaran Foundation (SDF) Bangalore have proposed … Read More »

Update on Pathankot Terror attacks

Update on Pathankot Terror attacks In the ongoing investigations by National Investigation Agency (NIA) in the Pathankot Terrorist attacks, Post mortem examinations of the bodies of the terrorists killed have been conducted at Pathankot Civil hospital on 7th January, 2016. Body tissues of the terrorists have been preserved for DNA Sampling. During investigations DNA Samples… Read More »

Enemy Property Ordinance 2016 Promulgated

Enemy Property Ordinance, 2016 Promulgated The President of India has promulgated the Enemy Property (Amendment and Validation) Ordinance, 2016 on January 07, 2016 to make amendments to the Enemy Property Act, 1968. The amendments through the Ordinance include that once an enemy property is vested in the Custodian, it shall continue to be vested in… Read More »

Govt to come out with comprehensive MSME Policy

Government to come out with comprehensive MSME Policy Former Cabinet Secretary Prabhat Kumar to head Hi-Power Committee to draft the policy: Kalraj Mishra Micro, Small and Medium Enterprises Ministry has decided to come out with a comprehensive policy for MSMEs, which will be drafted by a high powered committee to be headed by former cabinet… Read More »

Railways steps to prevent misuse of senior citizen Quota

Ministry of Railways takes steps to prevent misuse of senior citizen “concession” as well as Senior Citizen “ Quota ” Under the new steps, passengers misusing both senior citizen “quota” and senior citizen “concession” will be treated as travelling without ticket and charged accordingly Passengers misusing senior citizens “concession” only would be charged penalty in… Read More »

Major policy decisions related to Steel & Mines Sector

Major policy decisions related to Steel & Mines Sector accorded in-principle approvals in meeting between Union Steel & Mines Minister and Chief Minister, Odisha at Bhubaneswar yesterday Minister of Steel & Mines Shri Narendra Singh Tomar, who is on a 2-day visit to Odisha met Chief Minister, Odisha Shri Naveen Patnaik at Bhubaneswar yesterday. Shri… Read More »

National consultation on Land Leasing by NITI Aayog

National consultation on Land Leasing held on The Expert Group on Land Leasing set up by NITI Aayog under the chairmanship of Dr. T. Haque, former Chairman; CACP held a national level consultation on the subject on 8th January, 2016 at Vigyan Bhawan, New Delhi. About 70 people from revenue departments of the states, experts… Read More »

Repurchase of Inflation Indexed Bond

Source : Reserve Bank of India GOVERNMENT OF INDIA MINISTRY OF FINANCE Department of Economic Affairs (Budget Division) New Delhi, the January 08, 2016 NOTIFICATION Repurchase of Inflation Indexed Bond F.No 4(16)-W&M/2012: The Government of India hereby notifies repurchase of “1.44 per cent Inflation Indexed Government Stock-2023” (hereinafter called the Government Stocks). Mode of Repurchase… Read More »

Credit facility become NPA , preference shares issued would also be treated as NPI

Source Reserve Bank of India RBI/2015-16/283 DBR.No.FID.FIC 5/01.02.00/ 2015-16 January 07, 2016 All-India Term-Lending and Refinancing Institutions (EXIM Bank, NABARD, NHB and SIDBI) Dear Sir/ Madam Master Circular- Prudential Norms for Classification, Valuation and Operation of Investment Portfolio by FIs- Amendment Please refer to Paragraph No.2.5.3.4 (iii) of Master Circular DBR.No.FID.FIC.3/01.02.00/2015-16 dated July 01, 2015… Read More »

RBI Reviewed Permissible activities for IFSC Banking Units

RBI/2015-16/282 DBR.IBD.BC. 8536/23.13.004/2015-16 January 07, 2016 All Scheduled Commercial Banks (excluding Regional Rural Banks) Dear Sir/Madam, Setting up of IFSC Banking Units (IBUs) – Permissible activities Please refer to our circular DBR.IBD.BC.14570/23.13.004/2014-15 dated April 01, 2015 setting out RBI directions relating to financial institutions set up in the International Financial Services Centres (IFSC). Based on… Read More »

Conditions for grant of Non fund based facilities

Source Reserve Bank of India RBI/2015-16/281 DBR.Dir.BC.No.70/13.03.00/2015-16 January 07, 2016 All Scheduled Commercial Banks (Excluding RRBs) Dear Sir/Madam Non Fund Based Facility to Non-constituent Borrowers of Bank Please refer to paragraph 2(iii) of our circular DBOD.Dir.BC.62/13.07.09/2002-03 dated January 24, 2003 on ‘Discounting/Rediscounting of Bills by banks’ advising banks not to extend any non-fund based facilities… Read More »