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Department of Telecom issues Revised Guidelines for New Mobile Connections
Department of Telecom (DoT) has issued revised instructions to Cellular Mobile Telephone Service and Unified Access Services Licensees vide letter dated 09.08.2012 on verification of Mobile Subscribers after review of existing instructions. New instructions are aimed at improving customer verification compliance. These instructions inter-alia prescribe the following: (i) A passport size photograph should be pasted… Read More
Status of Developing Look East Policy with ASEAN
To fast-track trade and Commerce with Association of South East Asian Nations (ASEAN) countries, India has signed Agreement on Trade in Goods under the broader framework of Comprehensive Economic Cooperation Agreement (CECA) between India and the ASEAN on 13.08.2009. India and the ASEAN have also concluded negotiations on Agreement on Trade in Services and Agreement… Read More
Status of Free Trade Agreement negotiations with Australia
India and Australia agreed in early 2008 to set up a Joint Study Group (JSG) comprising Government officials and research organizations to explore the feasibility of Free Trade Agreement (FTA) between the two countries. A considered view on whether to go ahead to an FTA has been taken by the Government (Trade and Economic Related… Read More
GoI decision to grant Green Channel Status to Firms with a Turnover of Rs.1000 Crore
Government has taken a decision to grant green channel status for DGS&D Rate Contracts to PSUs and firms (Indian as well as foreign) having an average turnover of Rs.1000 crore or more during the last three years and making profit in any three years of the last five years. So far, twenty firms have been… Read More
RBI asks all UCBs to Implement Core Banking Solutions in all branches by 31st Dec 2013
RBI/2011-12/437 UBD.BPD.(PCB). Cir.No. 42/09.18.300/2011-12 March 13, 2013 The Chief Executive Officers of All Primary (Urban) Co-operative Banks Madam / Dear Sir, Implementation of Core Banking Solutions (CBS) by Urban Co-operative Banks (UCBs) The usage of Information Technology (IT) is critical for the survival and growth of banking institutions as IT usage not only helps banks… Read More
RBI Revises Guidelines for Money Transfer Service Scheme
RBI/2012-13/436 A.P. (DIR Series) Circular No. 89 March 12, 2013 To All Authorised Persons, who are Indian Agents under Money Transfer Service Scheme Madam / Sir, Money Transfer Service Scheme Revised Guidelines Attention of all Authorised Persons (APs), who are Indian Agents under the Money Transfer Service Scheme (MTSS) is invited to the Notification dated… Read More
Government Measures to Revive Aviation Industry
The Minister of State for Civil Aviation Shri K.C Venugopal informed Lok Sabha today that a working group was constituted under the Chairmanship of Secretary, Civil Aviation with Finance Secretary, Financial Services Secretary, M/o Petroleum & Natural Gas DGFT and Joint Secretary, Civil Aviation to discuss the factors causing stress in civil aviation and to… Read More
Current Status of Indo-EU Free Trade Agreement Talks
The Government of India is negotiating a bilateral Broad Based Trade and Investment Agreement (BTIA) with the European Union (EU) and negotiations were launched in Brussels on 28-29 June, 2007 based on the recommendations of the High Level Trade Group at the 7th India-EU Summit in October, 2006 in Helsinki. Negotiations across a number of… Read More
RBI simplifies procedure for Write-off of unrealized export bills
RBI/2012-13/435 A.P. (DIR Series) Circular No. 88 March 12, 2013 To All Category - I Authorized Dealer Banks Madam / Sir, Write-off of unrealized export bills Export of Goods and Services Simplification of procedure Attention of Authorized Dealer Category I (AD Category I) banks is invited to A.P. (DIR. Series) Circular No. 12, 30, 61,… Read More
Directorate of Radiation Safety to strengthen the safety regulatory control
The Atomic Energy Regulatory Board (AERB) has signed MOUs relating to setting up of Directorate of Radiation Safety (DRS) with the States of Kerala (1999), Madhya Pradesh (2010), Tamil Nadu (2010), Mizoram (2011), Punjab (2011), Chhattisgarh (2012), Gujarat (2012), Himachal Pradesh (2012), Maharashtra (2013) and Odisha (2013). The objective underlying the setting-up of the State-level… Read More
National Policy for Farmers (NPF) for improving Economic Viability of Farming and increasing Income of Farmers
The main policy goal of National Policy for Farmers (NPF), 2007 is to improve economic viability of farming by substantially increasing net income of farmers. Towards this end, the major initiatives envisaged in NPF, 2007 inter alia include (i) Asset Reforms to Empower Farmers with regard to Land, Water, Livestock, Fisheries & Bio resources; (ii)… Read More
Ministry of Food Processing clarification on SPV for Management of Mega Food Parks
The execution, ownership and management of the Mega Food Park is vested with a Special Purpose Vehicle (SPV). The main eligibility criteria of the SPV is indicated below: i. The SPV shall be a Body Corporate registered under the Companies Act. ii. Each SPV would have at least three entrepreneurs / business units, with the… Read More
Coal Ministry identifies 42 Coal Blocks for Exploration
A programme for exploration of 37 coal blocks included in the total 42 blocks has been drawn for exploration during the 12th Five Year Plan. The names of these blocks are as under:- S.No Block S.No Block S.No Block 1 Mahajanbari 11 Tamla North 21 Tambia 2 Chandrabila 12 Kalyanpur-Badalpara 22 Patasi 3 Gandh- Bahera-Ujhaini 13 Kundanali Laburi 23 Bicharpur East… Read More
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