Meeting of the Technical Advisory Committee on Monetary Policy
The Reserve Bank has been placing the main points of discussion of the Technical Advisory Committee (TAC) on Monetary Policy meeting in public domain with a lag of roughly four weeks after its meeting. Accordingly, the minutes of the twenty-fourth meeting of the TAC held on April 27, 2011 were placed in public domain on… Read More
Registration of AEGON Mutual Fund Cancelled
At the request of AEGON Mutual Fund, Securities and Exchange Board of India, vide its letter dated August 18, 2011, has cancelled the certificate of registration of AEGON Mutual Fund and has withdrawn the approval granted to AEGON Asset Management Company Pvt. Ltd. to act as the Asset Management Company. Consequently, with immediate effect, AEGON… Read More
Salient Features of Jan Lokpall Bill
A look at the salient features of Jan Lokpal Bill: 1. An institution called LOKPAL at the centre and LOKAYUKTA in each state will be set up 2. Like Supreme Court and Election Commission, they will be completely independent of the governments. No minister or bureaucrat will be able to influence their investigations. 3. Cases… Read More
Underwriting Auctions for Government Securities
Underwriting Auctions for Government Securities The Government of India have announced the sale (reissue) of "8.07 per cent Government Stock 2017 for a notified amount of `3,000 crore (nominal), "8.08 per cent Government Stock 2022" for a notified amount of `4,000 crore (nominal) and "8.28 per cent Government Stock 2032 for a notified amount of… Read More
Inter Regulatory coordination to be improved : FDSC
The third meeting of the Sub-Committee of the Financial Stability Development Council (FSDC) was held today in the Reserve Bank of India, New Delhi. Dr. D. Subbarao, Governor, Reserve Bank of India, chaired the meeting. The meeting was attended by Shri R. S. Gujaral, Finance Secretary; Shri R. Gopalan, Secretary, Department of Economic Affairs; Shri… Read More
Becharaji Nagarik Sahakari Bank penalised for violation of KYC norms
The Becharaji Nagarik Sahakari Bank Ltd., Becharaji, Dist. Mehsana, Gujarat Penalised The Reserve Bank of India has imposed a monetary penalty of `1.00 lakh (Rupees one lakh only) on The Becharaji Nagarik Sahakari Bank Limited, Becharaji, Dist. Mehsana, Gujarat, in exercise of powers vested in it under the provisions of Section 47(A)(1)(b) read with Section 46(4)… Read More
ICSI- 10th All India Elocution Competition – 2011
We are pleased to inform you that the Bangalore Chapter of The Institute of Company Secretaries of India is organizing the 10th All India Elocution Competition 2011 for the Students of CS Course on Sunday, the 18th September, 2011 at Bangalore. It will be a three tier programme: - Chapter Level - Regional Level -… Read More
ICSI to organise Executive Development Programme (EDP)
ICSI - Centre for Corporate Governance, Research & Training (CCGRT) is organizing Executive Development Programme (EDP) from Monday, September 05, 2011 To Tuesday, September 13, 2011. All the candidates those who passed have CS Executive Program have to undergo this 8 days Executive Development Programme before joining the practical / management training of 15 months.… Read More
ICSI- Campus Placement on the 3oth August, 2011
The Placement Cell of the ICSI is organizing a Campus Placement for the fresher members for job and for students for 15 Months Training on Tuesday, the 30th August 2011 at 10.00 A.M. at ICSI-CCGRT, Plot NO.101, Sector-15, Institutional Area, CBD Belapur, Navi Mumbai- 400614. Members enrolled on or after 1st June 2011 and Executive /Professional pass… Read More
Waiver from the requirement of Bank Guarantee in respect of EOUs
GOI; Ministry of Finance; Department of Revenue; Central Board of Excise and Customs; dated 12 August, 2011. All Chief Commissioners of Customs / Customs (Prev); All Chief Commissioners of Customs & Central Excise All Commissioners of Customs / Customs (Prev); All Commissioners of Customs (Appeals); All Commissioners of Customs & Central Excise All Commissioners of Customs… Read More
New forms 23AC and 23ACA notified by MCA
Notification; Dated 11th August, 2011 G.S.R...........(E)- In exercise of the powers confered by clauses (a) and (b) of subsection (1) of section 642 read with section 610 (B) and section 220 of the Companies Act, 1956 ( 1 of 1956) the Central Government hereby makes the following rules further to amend the Companies (Central Governemnt's)… Read More
Discretion to customers for selection between RTGS and NEFT
RBI/2011-12/152; August 12, 2011 The Chairman and Managing Director / Chief Executive Officer of member banks participating in RTGS / NEFT As you are aware, RTGS and NEFT are two important pan-India payment systems introduced by Reserve Bank of India keeping in mind the requirements of various customers in the wholesale and retail payment systems segment.… Read More
Operational Guidelines on implementation of Electronic Benefit Transfer (EBT)
RBI/2011-12/153; August 12, 2011 The Chairman/CMD/CEO of all scheduled commercial banks As you are aware, Electronic Benefit Transfer (EBT) for servicing low value accounts and extending banking infrastructure to underserved low income areas has been implemented in the states of Andhra Pradesh, Haryana, Karnataka, Orissa, Chhattisgarh, Himachal Pradesh, Uttarakhand, Bihar, Punjab, etc. on pilot basis in… Read More
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