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: Bhubaneswar, Business, Kochi, Plastic, Polymer banknote, Recycling, Run batted in, Shimla
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: BIFR, Board for Industrial and Financial Reconstruction, Government of India, India, Kerala, Kochi, Maharashtra, Rasayani
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 services, Gurgaon, Kochi, Kolkata, Mumbai, New Delhi, Reserve Bank of India, UAE 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: Cooperative, Ernakulam District, finance, Kerala, Kochi, Research, Reserve Bank, Reserve 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: Finland, Goa, Government of India, Kochi, New Zealand, Singapore, Thiruvananthapuram, Visa