RBI releases article on Recent Trends in Residential Property Prices in India for comments
The Reserve Bank of India placed on its website, an article titled ˜Recent Trends in Residential Property Prices in India: An exploration using housing loan data' based on the results of its ˜Residential Asset Price Monitoring Survey'. The Reserve Bank had initiated an information system on residential property prices through this survey, following the recommendations… Read More
Mandatory issue of acknowledgement to pensioners on submission of life certificates
RBI/2014-15/587 DGBA.GAD No.H- 5013/45.01.001/2014-15 May 07, 2015 The Chairman/ Chief Executive Officer All Agency Banks Dear Sir Mandatory issue of acknowledgement to pensioners on submission of life certificates In terms of extant instructions, all pensioners are required to furnish a life certificate to the pension disbursing bank every year in November for continuance of pension.… Read More
Indian economy to grow at faster pace this fiscal
India Ratings expects India's economy to expand 7.7% this fiscal year, faster than the previous year's estimated expansion of 7.4%, because of a pickup in private consumption. "A significant moderation in inflation and inflationary expectations is likely to boost consumer sentiments, albeit gradually," the ratings firm said in a news release. India Ratings is… Read More
Data on ECB / FCCB for March 2015
The Reserve Bank of India has today released the data on External Commercial Borrowings (ECB) and Foreign Currency Convertible Bonds (FCCB), both through Automatic Route and Approval Route, for the month of March 2015. Ajit Prasad Assistant General Manager Press Release: 2014-2015/2255 Read More
Minutes of the April 1, 2015 Meeting of the Technical Advisory Committee on Monetary Policy
The thirty-eighth meeting of the Technical Advisory Committee (TAC) on monetary policy was held on April 1, 2015 in the run up to the First Bi-monthly Monetary Policy Review of 2015-16 on April 7, 2015.The main points discussed at the meeting are set out below. Members noted that global growth remained tepid and divergent. While… Read More
Sectoral Deployment of Bank Credit March 2015
Data on sectoral deployment of bank credit collected on a monthly basis from select 47 scheduled commercial banks, accounting for about 95 per cent of the total non-food credit deployed by all scheduled commercial banks, for the month of March 2015 are set out in Statements I and II. These data are also available in… Read More
Cabinet heading towards approving amendments to Companies to achieve ease of doing business in India
To improve the ease of doing business, the Cabinet yesterday approved amendments to the companies law that do away with a mandatory declaration by a firm before commencing business. The changes have also been cleared to fast-track the approval process for draft notifications aimed at granting exemptions from various provisions of the Companies Act. The… Read More
Indian economy to grow at a faster pace this fiscal year
India Ratings expects India's economy to expand 7.7% this fiscal year, faster than the previous year's estimated expansion of 7.4%, because of a pickup in private consumption. "A significant moderation in inflation and inflationary expectations is likely to boost consumer sentiments, albeit gradually," the ratings firm said in a news release. India Ratings is an… Read More
Priority Sector Lending-Targets and Classification
RBI/2014-15/573 FIDD.CO.Plan.BC.54/04.09.01/2014-15 April 23, 2015 The Chairman / Managing Director/ Chief Executive Officer [All Scheduled Commercial Banks, (excluding Regional Rural Banks)] Dear Sir/ Madam, PRIORITY SECTOR LENDING-TARGETS AND CLASSIFICATION An Internal Working Group (IWG) was set up in July 2014 to revisit the existing priority sector lending guidelines. The report of the IWG was placed… Read More
Rights of transgender persons Changes in bank forms/applications etc
RBI/2014-15/572 DBR.No.Leg.BC.91/09.07.005/2014-15 April 23, 2015 All Scheduled Commercial Banks (Excluding RRBs) Dear Sir/Madam Rights of transgender persons Changes in bank forms/applications etc. It has been brought to our notice that transgender persons face difficulties in opening accounts as there is no provision for them in the account opening and other forms. 2. in this connection,… Read More
Simplified procedure for opening of Currency Chests
RBI/2014-15/571 DCM(CC)No.G-13/4553/03.39.01/2014-15 April 23, 2015 The Chairman & Managing Director / Chief Executive Officer / Managing Director All Scheduled Commercial Banks Madam/ Dear Sir, Simplified procedure for opening of Currency Chests Please refer to our circular DCM(CC)No.2991/03.39.01/2011-12 dated January 02, 2012 on Construction of Currency Chests Strong Rooms / Vaults. The extant instructions for setting… Read More
Cabinet approves Negotiable Instruments (Amendment) Bill, 2015 to be placed in Parliament
The Union Cabinet, chaired by the Prime Minister Narendra Modi has approved the proposal to introduce the Negotiable Instruments (Amendment) Bill, 2015 in the Parliament. The amendments are focused on clarifying jurisdiction related issues for filing cases of offence committed under Section 138 the Negotiable Instruments Act,1881 (NI Act). The main amendment included in this… Read More
Secretarial Standards issued by ICSI on 23rd April, 2015
The Institute of Company Secretaries of India has notified the Secretarial Standards duly approved by the Central Government. The Secretarial Standards were released by the council members of the Institute of Company Secretaries of India at a function in New Delhi which shall come into force from 1st July, 2015. As, Section 118(10) of the… Read More
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