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Articles by eMinds Legal

Textiles Minister Exhorts Banks to Sort Out Sector Issues

Textiles Minister Exhorts Banks to Sort Out Sector Issues - 70,000 Weaver Credit Cards Issued Sanctioning Rs. 210 Crore Loan In order to ensure the availability of subsidised credit to handloom weavers, Union Textiles Minister Dr. K S Rao met heads of major banks here today. He was informed that around 70,000 weaver credit cards have… Read More

FM in US :: Focus on Current Business and Investment Environment in India

Finance Minister P. Chidambaram Meets top American Executives and USA Senator Max Baucus, Chairman of the Senate Finance Committee During His Ongoing US Visit; Discussions Focused on the Current Business and Investment Environment in India; Fm Emphasized the Need for U.S Companies to Set-Up Local Manufacturing Bases in India The Union Finance Minister Shri P.… Read More

TRAI issues new guidelines for activation and de-activation of Value added Services

Telecom Regulatory Authority of India (TRAI) issued a Direction to the service providers, on the procedures for providing Value Added Services (VAS) and for de-activation of the Value Added Services so as to protect the interest of consumers. Activation of Value Added Services by service providers has been the cause of many customer complaints and is… Read More

Disinvestment of ITDC & STC

Disinvestment of 5 percent paid up equity capital of ITDC and 1.02 percent of paid up capital of STC out of Government of India shareholding The Cabinet Committee on Economic Affairs has approved the disinvestment of 5 percent paid-up equity capital in the India Tourism Development Corporation (ITDC) and 1.02 percent paid-up equity capital in… Read More

Modified Industrial Infrastructure Upgradation Scheme (MIIUS)

The Cabinet Committee on Economic Affairs has approved the Modified Industrial Infrastructure Upgradation Scheme (MIIUS) with an approved outlay of Rs.1030 crore for the 12th Five Year Plan period consisting of Rs. 450 crore for committed liability and the remaining Rs. 580 crore for taking up 14 to16 new projects including a minimum 2 projects in… Read More

The Institute of Company Secretaries of India Launching ˜Certified Banking Compliance Professional Course™

The Institute of Company Secretaries of India (ICSI) is launching a ˜Certified Banking Compliance Professional Course™ in association with the Indian Institute of Banking and Finance (IIBF). The Course will be launched tomorrow afternoon at Mumbai by Dr. K. C. Chakrabarty , Deputy Governor, Reserve Bank of India, in the presence of Shri S.N. Ananthasubramanian, President,… Read More

Cabinet approves setting up of National Aviation University in India

The Union Cabinet today gave its approval to the proposal for setting up of a National Aviation University (NAU) in the name of Rajiv Gandhi National Aviation University at the District of Rae Bareli in the State of U.P. as a Central University. The Cabinet also approved the proposal to introduce the Rajiv Gandhi National Aviation… Read More

Formation of National Capital Region Transport Corporation Limited (NCRTC)

The Union Cabinet today approved constitution of National Capital Region Transport Corporation Limited (NCRTC) under the Companies Act, 1956 with initial seed capital of Rs.100 crore as per Company Act, 1956 for designing, developing, implementing, financing, operating and maintaining Regional Rapid Transit system (RRTS) in National Capital Region (NCR) to provide comfortable and fast transit… Read More

Draft XBRL Taxonomies for Insurance Companies

Tomorrow is the last date for sending the comments to the Institute of Chartered Accountants of India (ICAI) on the Draft Templates of Taxonomy for Life and Non-life Insurance Companies. The Comments may be sent by e-mail at xbrl@icai.in so as to be received not later than July 12, 2013. ICAI has prepared these separate Drafts… Read More

Master Circulars – Miscellaneous Instructions to NBFC- ND-SI

RBI/2013-14/45 DNBS (PD) CC No.343/03.10.001/2013-14 July 1, 2013 To All Non-Banking Financial Companies (NBFCs) Dear Sirs, Master Circulars- Miscellaneous Instructions to NBFC- ND-SI In order to have all current instructions in one place, the Reserve Bank of India has consolidated all the instructions issued during the year ended June 30, 2013. The circular seeks to… Read More

Master Circular – Frauds Future approach towards monitoring of frauds in NBFCs

RBI/2013-14/39 DNBS.PD.CC. No.337/03.10.042/2013-14 July 1, 2013 All Deposit taking NBFCs (including RNBCs) and NBFC-ND-SI Dear Sirs, Master Circular - Frauds Future approach towards monitoring of frauds in NBFCs As you are aware, in order to have all current instructions on the subject at one place, the Reserve Bank of India had issued a Master Circular… Read More

Master Circulars- Miscellaneous Instructions to All Non-Banking Financial Companies

RBI/2013-14/46 DNBS(PD).CC.No 344./03.02.001/2013-14 July 1, 2013 To, All Non-Banking Financial Companies (NBFCs) Dear Sirs, Master Circulars - Miscellaneous Instructions to All Non-Banking Financial Companies In order to have all current instructions in one place, the Reserve Bank of India has issued master circulars to NBFCs on various subjects. It is advised that Miscellaneous Directions /… Read More

Master Circular Regulatory Framework for Core Investment Companies(CICs)

RBI/2013-14/48 DNBS (PD) CC No. 345 / 03.02.001/ 2013-14 July 1, 2013 All Core Investment Companies Dear Sirs, Master Circular Regulatory Framework for Core Investment Companies(CICs) As you are aware, in order to have all current instructions on the subject at one place, the Reserve Bank of India issues updated circulars / notifications. The instructions on… Read More

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