Daily Archives: March 30, 2016

Building Bye-laws Revised for Delhi by Govt

User friendly unified, simplified Building Bye-laws for Delhi announced Enables single window clearences and payments, approvals in 30 days, says Shri M.Venkaiah Naidu No sanctions needed for plots up to  105 sq.mtrs; construction permissions done away with Revised Bye-laws improve ease of doing business, promote investments, says Minister To promote safe, green and sustainable construction… Read More »

Bank hours Extended for Govt. Business on 31st March, 2016

Extended Bank hours for conducting Govt. Business on 31st March, 2016 In view of closing of the current financial year and to facilitate the tax-payers in payment of taxes, the Reserve Bank of India has issued instructions vide notification RBI/2015-16/342 dated March 17, 2016 directing all agency banks to keep the counters of their designated… Read More »

Category: RBI

e-CGHS Card self-printing enabled by Govt

Shri J P Nadda launches GIS-enabled HMIS application, self-printing of e-CGHS Card “A significant steps towards Digital India and for easy access of health services to the common man”: Shri J P Nadda Shri J P Nadda, Union Minister of Health and Family Welfare launched two major Digital initiatives to provide easy access to health… Read More »

Special Clearing operations on March 30 and 31, 2016

RBI/2015-16/347 DPSS.CO.CHD.No./2313/03.01.03/2015-16 March 28, 2016 The Chairman and Managing Director / Chief Executive Officer All Scheduled Commercial Banks including Regional Rural Banks/ Urban Co-operative Banks / State Co-operative Banks / District Central Co-operative Banks/Local Area Banks Madam / Dear Sir, Special Clearing operations on March 30 and 31, 2016 A reference is invited to the… Read More »

FPI Investment limit in Govt Securities Increased

Investment by Foreign Portfolio Investors (FPI) in Government Securities RBI/2015-16/348 A.P. (DIR Series) Circular No. 55 March 29, 2016 To, All Authorised Persons Madam/ Sir, Investment by Foreign Portfolio Investors (FPI) in Government Securities Attention of Authorized Dealer Category-I (AD Category-I) banks is invited to Schedule 5 to the Foreign Exchange Management (Transfer or Issue… Read More »

Rules of the Monetary Game :RBI Working Paper Series No. 4

The Reserve Bank of India placed on its website a Working Paper titled “Rules of the Monetary Game” under the Reserve Bank of India Working Paper Series*. The paper is authored by Dr. Prachi Mishra and Dr. Raghuram Rajan. Aggressive monetary policy actions by one country can lead to significant adverse cross-border spillovers on others,… Read More »

RBI clarifies its Directions on MCLR System

Mar 29, 2016 The Reserve Bank of India today clarified some of the provisions of Reserve Bank of India (Interest Rate on Advances) Directions, 2016 (hereinafter called the Directions) relating to the Marginal Cost of Funds based Lending Rate (MCLR) system which comes into effect on April 01, 2016. The changes are: 1. Fixed Rate… Read More »

22 NBFCs Registration cancelled by RBI

RBI cancels Certificate of Registration of 22 NBFCs Mar 29, 2016 The Reserve Bank of India (RBI) has cancelled the certificate of registration of the 22 (twenty two) non-banking financial companies (NBFCs) as shown in Annex, in exercise of the powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act,… Read More »

Rs 1 Note issued by RBI

Issue of ₹ 1 denomination currency notes with Rupee symbol (₹) and the inset letter ‘L’   The Reserve Bank of India will soon put into circulation currency notes in one rupee denomination. The notes have been printed by the Government of India. These currency notes are legal tender as provided in The Coinage Act… Read More »