Introduction of Rs 10 Plastic Notes in select cities

It has been decided to introduce plastic notes in the denomination of Rs. 10. One billion plastic notes of the denomination of Rs. 10 will be introduced in a field trial in five cities selected for their geographical and climatic diversity. These cities are Kochi, Mysore, Jaipur, Shimla and Bhubaneswar. The field trial is expected… Read More

Tags: BhubaneswarBusinessKochiPlasticPolymer banknoteRecyclingRun batted inShimla

Revision of rehabilitation package for Hindustan Organic Chemicals Limited

The Cabinet Committee on Economic Affairs has approved the proposal of the Ministry of Chemicals and Fertilizers to revise the following terms and conditions of the revival package, approved in 2006, for the Hindustan Organic Chemicals Limited (HOCL): (a) Postponement of the redemption of shares to the Govt. of India, worth Rs. 270 crore (total… Read More

Tags: BIFRBoard for Industrial and Financial ReconstructionGovernment of IndiaIndiaKeralaKochiMaharashtraRasayani

RBI discloses the names of applicants for new bank licences in the private sector

The Reserve Bank of India in all received 26 (twenty six) applications. The names of the applicants are: Aditya Birla Nuvo Ltd., Mumbai. Bajaj Finserv Ltd., Pune. Bandhan Financial Services Pvt. Ltd., Kolkata. Department of Posts, New Delhi. Edelweiss Financial Services Limited, Mumbai. IDFC Limited, Mumbai. IFCI Limited, New Delhi. Indiabulls Housing Finance Limited, New… Read More

Tags: Financial servicesGurgaonKochiKolkataMumbaiNew DelhiReserve Bank of IndiaUAE Exchange & Financial Services

Meaningful Financial Inclusion hinges on Commercial Banks™ Ability to meet Credit Gaps of the Poor: Finding of RBI™s Research Project Study in Kerala

The Reserve Bank today released a Research Project Study titled How the Poor Manage their Finances: A Study of the Portfolio Choices of Poor Households in Ernakulam District, Kerala on its website. The Research Project Study is a collaborative outcome of researchers associated with the Centre for Socio-Economic and Environmental Studies (CSES), Kochi and Reserve Bank of… Read More

Tags: CooperativeErnakulam DistrictfinanceKeralaKochiResearchReserve BankReserve Bank of India

CLR Snippets :: Visa on Arrival

The third Inter-Ministerial Coordination Committee on Tourism Sector has decided to extend facility of Tourist Visa on Arrival at Goa, Trivandrum, Bangalore, Hyderabad and Kochi airports. The Government of India has permitted Tourist Visa on Arrival (TVoA) facility for the citizens of 11 countries viz. Japan, Singapore, Finland, Luxembourg, New Zealand, Cambodia, Laos, Vietnam, Philippines… Read More

Tags: FinlandGoaGovernment of IndiaKochiNew ZealandSingaporeThiruvananthapuramVisa

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