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Review of Implementation of PwD Act
12th National Meeting of the State Commissioners for Persons with Disabilities to review implementation of PwD Act The Union Minister of Social Justice and Empowerment Kumari Selja inaugurated the 12th National Meeting of the State Commissioners for Persons with Disabilities to review implementation of PwD Act here today. The Minister in her address said that a… Read More
RBI Clarification – Detection and Reporting of counterfeit notes
RBI/2012-13/562 DCM (FNVD) No.5840/16.01.05/2012-13 June 27, 2013 The Chairman and Managing Directors/ Chief Executives Officers of All Scheduled Commercial Banks Madam / Sir, Detection and Reporting of counterfeit notes Please refer to the paragraph 115 (extract enclosed) of the Monetary Policy Statement for 2013-14 announced on May 3, 2013. It was indicated therein that the… Read More
RBI Clarification – Financing of Infrastructure – Definition of ‘Infrastructure Lending’
RBI/2012-13/561 DBOD.BP.BC.No. 106/ 08.12.014 / 2012-13 June 28, 2013 All Scheduled Commercial Banks (excluding RRBs) and All India Term-Lending and Refinancing Institutions (EXIM Bank, NABARD, NHB and SIDBI) Dear Sir, Financing of Infrastructure - Definition of 'Infrastructure Lending' Please refer to our circular DBOD.BP.BC.No.58/08.12.014/2012-13 dated November 20, 2012 on ˜Definition of Infrastructure Lending™, whereby our definition of… Read More
CLR Snippets | Receipt of applications for new bank licence in the private sector closes on July 1, 2013
The RBI issued a Press Release on June 24, 2013 stating that all offices of Reserve Bank of India situated in Mumbai and Navi Mumbai will remain closed for public transactions on July 1, 2013 to facilitate Annual Closing of RBI™s Accounts. It is clarified that the Reserve Bank of India would receive applications for new… Read More
RBI sets up Committee on Financial Benchmarks
In the context of the recent global developments relating to financial benchmarks and the related reforms implemented by various international agencies, there is a need to review the process of computation and dissemination of major financial benchmarks in India, the governance mechanisms in the institutions involved in computing the benchmarks and other related issues. The Reserve… Read More
CLR Snippets | First Quarter Review of Monetary Policy 2013-14 on July 30, 2013
Dr. D. Subbarao, Governor, Reserve Bank of India will announce the First Quarter Review of Monetary Policy 2013-14 on Tuesday, July 30, 2013. This will be done in a meeting with the chief executives of major scheduled commercial banks at 11.00 a.m. on July 30, 2013 at the Central Office, Reserve Bank of India, Mumbai.… Read More
Appointments Committee of the Cabinet – approved appointments
The Appointments Committee of the Cabinet has approved the following appointments: (i) Shri Pradeep Kumar Sinha, IAS(UP:77), Secretary, Ministry of Shipping as Secretary, Ministry of Power vice Shri P.Uma Shanker, IAS(UP:76), on his retirement on 30.06.2013. (ii) Ms.Gauri Kumar, IAS(GJ:79), Special Secretary, Ministry of Mines as Secretary (Border Management), Ministry of Home Affairs in the… Read More
CCEA approves fixation of price for domestic natural gas
Fixation of price of domestic natural gas according to Rangarajan Committee recommendations on Production Sharing Contract (PSC) mechanism in petroleum industry The Cabinet Committee on Economic Affairs (CCEA) today gave its approval for fixation of price of domestic natural gas according to the recommendations of the committee constituted under the Chairmanship of Dr. C. Rangarajan… Read More
CCEA approves proposal for national network of labs for managing epidemics and natural calamities
The Cabinet Committee on Economic Affairs (CCEA) today approved the proposal of the Department of Health Research under the Ministry of Health and Family Welfare for the setting up of 10 regional labs, 30 State level labs and 120 medical college level labs under the scheme for establishing a network of laboratories for managing epidemics… Read More
CCEA approves Multi-Disciplinary Research Units (MDRUs) in 80 government medical colleges
Establishment/Strengthening of multi-disciplinary research units in government medical colleges during the 12th Plan period The Cabinet Committee on Economic Affairs (CCEA) today approved the proposal of the Department of Health Research in the Ministry of Health and Family Welfare for the setting up of Multi-Disciplinary Research Units (MDRUs) in 80 government medical colleges at an… Read More
CLR Snippets | Yes Bank Limited to increase foreign equity participation upto 60 percent
Proposal of Yes Bank Limited to increase foreign equity participation upto 60 percent through a Qualified Institutional Placement (QIP) of its equity shares to eligible non-residents and/ or issue of Global Depository Receipts (GDRs) to eligible non-resident investors The Cabinet Committee on Economic Affairs today gave its approval to the proposal of Yes Bank Limited… Read More
Cabinet approves introduction of the Coal Regulatory Authority Bill, 2013 in Parliament
Constitution of independent regulatory authority for coal sector and approval for introducing the Coal Regulatory Authority Bill, 2013 in Parliament The Union Cabinet today gave its approval to the proposal for setting up of an independent regulatory authority for the coal sector and also approved the introduction of the Coal Regulatory Authority Bill, 2013 in… Read More
CCEA approves continuation of National Mission on Food Processing
The Cabinet Committee on Economic Affairs today approved the continuation of the National Mission on Food Processing (NMFP) for the remainder of 12th Five Year Plan (2013-17) based on detailed proposals submitted by the Ministry of Food Processing Industries (MOFPI). The NMFP outlay for 2012-17 has been kept at Rs. 1,600 crore consisting of Rs.… Read More
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