Food Security Bill to Provide Food and Nutritional Security in Human Life Cycle Approach
Proposed National Food Security Bill is unique initiative to provide for food and nutritional security in human life cycle approach, by ensuring access to adequate quantity of quality food at affordable prices. Nowhere in the world, such a social justice programme has been attempted at such a gigantic scale. This was stated by Prof. K.V.Thomas, Minister… Read More
FDI in Pharmaceutical Sector
The Department of Industrial Policy and Promotion who are nodal Department of Foreign Direct Investment(FDI), has informed that the policy for allowing FDI, up to 100% in existing companies, in the Pharmaceuticals sector, under the Government approval route, was introduced vide Press Note 3 of 2011, dated 08.11.2011. This provision has since been incorporated under Circular 1… Read More
Distribution of Banknotes and Coins – Review of Incentives and Penalties
RBI/2013-2014/179 DCM (CC) No. G- 10/03.39.01/2013-14 August 12, 2013 The Chairman & Managing Directors / Chief Executive Officers All Scheduled Commercial banks (Including RRBs and UCBs) Dear Sir/Madam Distribution of Banknotes and Coins - Review of Incentives and Penalties Please refer to paragraph 109 of the Monetary Policy Statement 2013-14 announced on May 03, 2013… Read More
Commerce Ministry Plans Outreach Progammes to Improve Trade Ties With CIS Countries
The Ministry of Commerce & Industry is conducting outreach programmes in different cities to make Indian business persons aware of commercial opportunities available in the Commonwealth of Independent States (CIS) countries. To fill the information gap, we in the Commerce Ministry are planning outreach programmes in five cities, said Shri Ravi Kapoor, Joint Secretary in… Read More
Banking Structure in India Looking Ahead by Looking Back
(Speaking notes of Dr. Duvvuri Subbarao, Governor, Reserve Bank of India, at the FICCI-IBA Annual Banking Conference in Mumbai on August 13, 2013) 1. For the fifth year on a trot, you have given me the privilege of inaugurating this prestigious and influential FICCI-IBA Annual Banking Conference. In my fifth year as Governor of RBI,… Read More
Exim Bank’s Line of Credit to the Government of the Federal Democratic Republic of Ethiopia
RBI/2013-14/178 A.P. (DIR Series) Circular No. 22 August 12, 2013 To, All Category - I Authorised Dealer Banks Madam / Sir, Exim Bank's Line of Credit of USD 300 million to the Government of the Federal Democratic Republic of Ethiopia Export-Import Bank of India (Exim Bank) has entered into an Agreement dated June 13, 2013… Read More
Exim Bank’s Line of Credit to the Republic of Zimbabwe
RBI/2013-14/177 A.P. (DIR Series) Circular No. 21 August 12, 2013 To, All Category - I Authorised Dealer Banks Madam / Sir, Exim Bank's Line of Credit of USD 28.60 million to the Republic of Zimbabwe Export-Import Bank of India (Exim Bank) has entered into an Agreement dated June 21, 2013 with the Republic of Zimbabwe,… Read More
Compounding of Contraventions under FEMA, 1999
RBI/2013-14/176 A.P. (DIR Series) Circular No. 20 August 12, 2013 To, All Category - I Authorised Dealer Banks Madam / Sir, Foreign Exchange Management Act, 1999 (FEMA) Foreign Exchange (Compounding Proceedings) Rules, 2000 (the Rules) - Compounding of Contraventions under FEMA, 1999 Attention of Authorised Dealers (ADs) and their constituents is invited to paragraph 7.2… Read More
RBI releases its monthly Bulletin for August 2013
The Reserve Bank of India today released the August 2013 issue of its monthly Bulletin. The Bulletin includes one special article: Survey on Computer Software and Information Technology Services Exports: 2011-12, besides regular features, viz., speeches of the top management and current statistics. The Bulletin also includes the First Quarter Review of Monetary Policy 2013-14 and Macroeconomic and Monetary… Read More
RBI announces 35 days & 34 days Cash Management Bills
The Reserve Bank of India announced the auction of the 35 days & 34 days Government of India Cash Management Bills as per the following details: Auction Date Settlement/Issue Date Date of Maturity Notified Amount 1 August 12, 2013 August 13, 2013 September 17, 2013 ` 11,000 crore 2 August 13, 2013 August 14, 2013 September… Read More
CLR Snippets | New Member Secretary Appointed to the Law Commission of India
Shri N.L. Meena, Additional Secretary in the Ministry of Law & Justice, has been appointed as the Member Secretary to the Law Commission of India. As per the Appointments Committee of the Cabinet, Shri Meena has been appointed so from the forenoon of 8th August 2013 against the existing vacancy. Read More
Government of India has decided to prepare a new series of Consumer Price Index for Industrial Workers
Ministry of Labour and Employment, Government of India has decided to prepare a new series of Consumer Price Index for Industrial Workers. For this purpose, Government has set up a Standing Tripartite Committee (STC) to advise the Government on issues pertaining to the Consumer Price Index for Industrial Workers (New Series). The STC will go… Read More
Journalists from Electronic Media are not covered under the Wage Board for journalists
The journalists from electronic media are not covered under the Wage Board for journalists. There is no proposal at present to include all journalists in electronic media under the Wage Board. The Ministry of Labour and Employment administers the Working Journalists and Other Newspaper Employees (Conditions of Service) and Miscellaneous Provisions Act, 1955 for the… Read More
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