eMinds Legal Advocates & Solicitors
eMinds Legal is a Corporate Law Firm based in Gurgaon, India specializing in Corporate Legal, Corporate Secretarial and Compliance. The Firm comprises of a team of Corporate Lawyers and Company Secretaries with in-depth subject matter knowledge and participative industry experience of over 15 years.
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RBI Notification on Financing of Infrastructure – Definition of ‘Infrastructure Lending’
RBI/2013-14/172 DNBS.PD.CC.No. 354/03.10.001/2013-14 August 02, 2013 All NBFCs Dear Sir / Madam, Financing of Infrastructure - Definition of 'Infrastructure Lending' Government of India, vide its Gazette Notifications dated April 5, 2013 and May 9, 2013, has updated the Harmonised Master List of Infrastructure sub-sectors and added the following new sub-sectors to the Notification dated March… Read More
RBI Notification on ATM transactions Enhancement of customer service
RBI/2013-14/171 DPSS. CO.PD.No. 289/02.10.002/2013-2014 August 1, 2013 The Chairman and Managing Director / Chief Executive Officers All Scheduled Commercial Banks including RRBs / Urban Co-operative Banks / State Co-operative Banks / District Central Co-operative Banks Madam / Dear Sir, ATM transactions Enhancement of customer service The Reserve Bank of India has, over a period of… Read More
Implementation of Section 51-A of UAPA, 1967 Updates of the UNSCR 1988 (2011) Sanctions List
RBI/2013-14/170 UBD BPD (PCB) Cir. No.3/14.01.062/2013-14 August 1, 2013 The Chief Executive Officer All Primary (Urban) Co-operative Banks Madam / Dear Sir, Implementation of Section 51-A of UAPA, 1967 Updates of the UNSCR 1988 (2011) Sanctions List - Primary (Urban) Co-operative Banks Please refer to our Circular UBD.BPD.(PCB).Cir.No.23-14.01.062-2012-13 dated November 2, 2012 on the captioned subject. We… Read More
Responsible Innovation and Regulation in the Financial Sector
(Keynote address by Dr. Duvvuri Subbarao, Governor, Reserve Bank of India, at the IDRBT Banking Technology Excellence Awards Function on August 2, 2013 at Hyderabad) Once again, it is my pleasure and privilege to be here at IDRBT for the annual awards for IT excellence in banking. Every time I come here, I am impressed… Read More
CCEA Approves proposal for Food Processing industries
Continuing scheme of Technology Upgradation/ Establishment/ Modernization of Food Processing Industries during the 12th Plan (2013-17) for meeting the committed liabilities of 12th Plan The Cabinet Committee on Economic Affairs has approved the proposal of the Ministry of Food Processing Industries for continuing the Scheme of Technology Upgradation/ Establishment/ Modernization of Food Processing Industries during… Read More
CCEA approves Huge Infra investments for BSF
The Cabinet Committee on Economic Affairs has approved the proposal for infrastructure development at various establishments of the Border Security Force (BSF) under the 12th Five Year Plan at a total estimated cost of Rs.3664.61 crore. This includes construction of 111 Barracks, 10300 residential quarters, about 210 office buildings and two composite hospitals. The approval… Read More
Disinvestment of 10 percent paid up equity capital of Indian Oil Corporation Limited
The Cabinet Committee on Economic Affairs, in accordance with the Government of India`s disinvestment policy, has approved the disinvestment of 10 percent paid-up equity in the Indian Oil Corporation Limited (IOCL), out of its equity capital holding of 78.92 percent. The disinvestment will be through Offer for Sale (OFS) method in the domestic market according… Read More
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
CCEA approves continuation of Rajiv Gandhi Grameen Vidyutikaran Yojana in 12th Plan
The Cabinet Committee on Economic Affairs has approved the proposal of the Ministry of Power for continuing the Rajiv Gandhi Grameen Vidyutikaran Yojana (RGGVY) in the 12th Plan for: i. Completing spillover works of projects sanctioned in 10th and 11th Plan. ii. Continuing the scheme for covering all remaining `census villages and habitations with population… Read More
Collaboration of IIT, Hyderabad under the ODA loan scheme with Japan International Cooperation Agency
The Cabinet Committee on Economic Affairs has approved the collaboration project of Indian Institute of Technology, Hyderabad (IITH) under the Official Development Assistance (ODA) loan by Government of Japan and grants by Ministry of Human Resource Development (MHRD), Government of India. The project costing Rs. 1776.50 crore will be financed out of the ODA loan… Read More
Creation of the Special National Investment Fund
The Cabinet Committee on Economic Affairs has approved creation of the Special National Investment Fund for the specific objective of meeting the minimum public shareholding of 10 percent requirement in the following six Central Public Sector Enterprises (CPSEs). (i) Andrew Yule & Company Ltd. (ii) Fertilizers & Chemicals (Travancore) Ltd. (iii) Hindustan Photo Films Manufacturing… Read More
Cabinet approves Centrally Sponsored Scheme for marketing of Minor Forest Produce
Mechanism for marketing of Minor Forest Produce (MFP) through Minimum Support Price (MSP) and development of value chain as a measure of social safety for MFP gatherers The Union Cabinet today approved a Centrally Sponsored Scheme for marketing of non-nationalized / non monopolized Minor Forest Produce (MFP) and development of a value chain for MFP… Read More
Cabinet Approves interest subvention scheme to provide short-term crop loans to farmers
Interest Subvention to Public Sector Banks (PSBs), Private Sector Banks, Cooperative Banks and Regional Rural Banks (RRBs) and to NABARD for refinance to RRBs and Cooperative Banks for providing short-term crop loan to farmers at interest rate of 7 per cent per annum The Union Cabinet today approved continuation of the interest subvention scheme to… Read More
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