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Welcome remarks by Dr. D Subbarao on PM’s unveiling of RBI History, Vol IV
On behalf of the Reserve Bank, I have great pleasure in welcoming everyone to this function for the release of Volume IV of the Reserve Bank of India (RBI) history by the Hon™ble Prime Minister Dr. Manmohan Singh. 2. Volume IV of the RBI history covers the period from 1981 to 1997 which subsumes the… Read More
746.07 Lakh Tons Storage Capacity Available for Implementation of Food Security Bill
Minister of Consumer Affairs, Food and Public Distribution, Prof. K.V. Thomas said in Rajya Sabha today that the annual requirement of foodgrains for implementation of the proposed National Food Security Act, is estimated at 614.3 lakh tons while the storage capacity available with the Food Corporation of India as on 30.06.2013 was 391.79 lakh tons.Besides… Read More
Seventy Five Percent of the Rural and Fifty Percent of the Urban Population will be benefited from Food Security Law
The Government has promulgated the National Food Security Ordinance (NFSO), 2013 on 5.7.2013 to provide for food and nutritional security in human life cycle approach. As per the Ordinance 75% of the rural and 50% of the urban population, at the all India level, will be entitled to receive 5 kg of subsidised foodgrains per person… Read More
Measures to Control Price Rise of Essential Commodities
The Government has resorted to several measures in consultation with Ministries to control the prices and improve the availability of essential commodities. The steps in operation inter-alia include allowing import of various items of mass consumption at zero or concessional import duties together with restrictions on exports, prescribing stockholding limits under Essential Commodities Act and… Read More
Coverage of ESI
Employees State Insurance (ESI) Act, 1948 is applicable to employees working in the organized sector i.e. factories and establishment which are situated in implemented area only with a threshold of coverage of 10 employees. Extension of scheme to all units is not viable due to issues relating to enforcement of the Act and feasibility of setting… Read More
Exim Bank’s Line of Credit to the Government of the Union of Comoros
RBI/2013-14/189 A.P. (DIR Series) Circular No.27 August 16, 2013 To All Category - I Authorised Dealer Banks Madam / Sir, Exim Bank's Line of Credit of USD 41.60 million to the Government of the Union of Comoros Export-Import Bank of India (Exim Bank) has entered into an Agreement dated February 22, 2013 with the Government of… Read More
Deferred Payment Protocols between Government of India and erstwhile USSR
RBI/2013-14/188 A.P. (DIR Series) Circular No.26 August 14, 2013 To All Category - I Authorised Dealer Banks Madam / Sir, Deferred Payment Protocols dated April 30, 1981 and December 23, 1985 between Government of India and erstwhile USSR Attention of Authorised Dealer Category-I (AD Category-I) banks is invited to A.P. (DIR Series) Circular No.05 dated July… Read More
Import of Gold by Nominated Banks /Agencies/Entities (Revised)
RBI/2013-14/187 A.P. (DIR Series) Circular No. 25 August 14, 2013 To, All Category - I Authorised Dealer Banks All Scheduled Commercial Banks which are Authorised Dealers (ADs) in Foreign Exchange/ All Agencies nominated for import of gold Madam / Sir, Import of Gold by Nominated Banks /Agencies/Entities Attention of Authorised Persons is drawn to the… Read More
Shri P. Chidambaram Unveils National Skill Certification and Monetary Reward Scheme
Union Finance Minister Shri P Chidambaram unveiled the National Skill Certification and Monetary Reward Scheme that will be implemented on pan-India basis, in New Delhi today. This is a first of its kind scheme to be launched in the country. The scheme was first proposed by the Finance Minister in the last Union Budget to… Read More
Central Excise amendment w.r.t. Notifications No.12/2012-Central Excise, dated the 17th March, 2012
[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 25/2013-Central Excise New Delhi, the 13th August, 2013 In exercise of the powers conferred by sub-section (1) of section 5A of the Central Excise Act, 1944 (1 of 1944), the Central Government, on being… Read More
Special Economic Zones (Amendment) Rules, 2013
G.S.R... ..(E).- In exercise of the powers conferred by section 55 of the Special Economic Zones Act, 2005(28 of 2005), the Central Government hereby makes the following rules further to amend the Special Economic Zones Rules, 2006, namely:- 1. (1) These rules may be called the Special Economic Zones (Amendment) Rules, 2013. (2) They shall come into… Read More
Amendment to Special Economic Zones Rules, 2006
No. D.12/45/2009-SEZ Government of India Ministry of Commerce & Industry Department of Commerce SEZ Division ******** Udyog Bhawan, New Delhi Dated the 12th August, 2013 OFFICE MEMORANDUM Subject: Amendment to Special Economic Zones Rules, 2006 - regarding In order to revive investors' interest in Special Economic Zones, Hon'ble Commerce & Industry Minister announced certain measures on… Read More
India Signs Loan and Project Agreements with World Bank for US $100 Million for Low Income Housing Finance Project
The Loan and Project Agreements for World Bank (IDA) assistance of US $100 million for Low Income Housing Finance Project were signed between Government of India/National Housing Bank(NHB) and the World Bank here yesterday. The Loan Agreement was signed by Shri Nilaya Mitash, Joint Secretary, Department of Economic Affairs, Ministry of Finance on behalf of… Read More
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