Daily Archives: April 8, 2016

Packaged commodities to display mandatory information on at least 40% area

Packaged commodities shall have to display products’ information more prominently Amended rule will be enforced from July this year Now in all the packaged commodities six mandatory information shall have to be displayed more prominently atleast at the 40 percent area of the packet, except top and bottom, so that these are easily readable by… Read More »

RBI issues Instructions on Priority Sector Lending Certificates; Launches Portal for Trading Them

Date : Apr 07, 2016 Photograph The Reserve Bank of India today issued instructions on trading in Priority Sector Lending Certificates (PSLCs) (FIDD.CO.Plan.BC.23/04.09.01/2015-16 dated April 7, 2016). While releasing the instructions, Shri S. S. Mundra, Deputy Governor, Reserve Bank also launched a platform to enable trading in the certificates through its Core Banking Solution (CBS)… Read More »

Category: RBI

New system of Oversight of Government Business in Agency Banks

RBI/2015-16/361 DGBA.GAD.No-3147/44.01.001/2015-16 April 07, 2016 The Chairman/ Managing Director/ Chief Executive Officer/ Agency Banks Dear Sir/ Madam Oversight of Government Business in Agency Banks As you are aware, in terms of the agency agreement entered into with agency banks for conduct of government business, the Reserve Bank of India carries out periodical review/inspection of government… Read More »

National Urban Livelihoods Mission Scope Enhanced

Source RBI RBI/2015-16/360 FIDD.GSSD.CO.BC.No.22/09.16.03/2015-16 April 07, 2016 The Chairman/ Managing Director All Scheduled Commercial Banks Dear Sir/Madam, Deendayal Antyodaya Yojana (DAY)-National Urban Livelihoods Mission Please refer to Master circular FIDD.GSSD.CO.BC.No.10/09.16.03/2015-16 dated July 30, 2015 on National Urban Livelihoods Mission (NULM) Scheme. 2. With a view to improving the livelihood opportunities for the poor in urban… Read More »

Revision of interest rates for Small Savings Schemes

Source: RBI RBI/2015-16/362 DGBA.GAD.3175/15.02.005/2015-16 April 07, 2016 The Chairman/Chief Executive Officer Agency Banks handling Public Provident Fund, Kisan Vikas Patra- 2014, Sukanya Samriddhi Account, Senior Citizen Savings Scheme-2004 Dear Sir Revision of interest rates for Small Savings Schemes Please refer to our circular RBI/2014-15/536 dated April 1, 2015 on the above subject. The Government of… Read More »

Concentration of Credit / Investment Norms not apply to systemically important NBFC

RBI/2015-16/363 DNBR (PD) CC.No.077/03.10.001/2015-16 April 7, 2016 All Systemically Important Non- Deposit accepting or Holding Non-Banking Financial Companies (NBFC-NDSI) Madam/ Sir, Applicability of Concentration of Credit/ Investment Norms In terms of second proviso to sub para (1) of para 24 of the Systemically Important Non-Banking Financial (Non-Deposit Accepting or Holding) Companies Prudential Norms (Reserve Bank)… Read More »

Category: RBI

Priority Sector Lending Certificates : RBI Guidlines

RBI/2015-16/366 FIDD.CO.Plan.BC.23/04.09.01/2015-16 April 7, 2016 The Chairman/ Managing Director/ Chief Executive Officer [All Scheduled Commercial Banks (including Regional Rural Banks)/ Urban Co-operative Banks/ Local Area Banks] Dear Sir/ Madam, Priority Sector Lending Certificates Please refer to Para VIII of Circular FIDD.CO.Plan.BC 54/04.09.01/2014 – 15 dated April 23, 2015 on Priority Sector Lending – Targets and… Read More »

How to Search on Google

Search on Google Q : How to use  Punctuation & symbols while doing Search on Google ? Punctuation & symbols Even though you can use the punctuation marks below when you search, including them doesn’t always improve the results. If Google don’t think the punctuation will give you better results, you’ll see suggested results for that search without… Read More »

Interest Payable on Refund adjusted against demand :SC

SUPREME COURT OF INDIA Commissioner of Income-tax, Delhi-II v. Jyotsna Holdings (P.) Ltd. A.K. SIKRI AND ROHINTON FALI NARIMAN, JJ. CIVIL APPEAL NO (S). 1774 OF 2006 MARCH  8, 2016 Ms. Liz. Methew, Ashok Kr. Panigria and B.V. Balaram Das, Advs. for the Appellant. Ajay Vora, Sr. Adv., Ms. Kavita Jha, Bhargava V. Desai, Ms.… Read More »

Smart Pumps for Farmers and Energy Efficient Fans

After Energy Efficient Bulbs, Government Launches National Programmes for Smart Pumps for Farmers and Energy Efficient Fans –          Vijayawada to be the first city to implement the National Energy Efficient Fan Programme –          EESL will distribute 2 lakh Smart SIM-enabled Agricultural Pumps sets free of cost to the farmers in AP In order to make… Read More »