The Reserve Bank of India (RBI) has, revised its guideline on Priority Sector Lending (PSL) on 20.07.2012. The details of important changes in the activities included in the revised Priority Sector Lending guidelines are as under: •
Government has set up an Investment Tracking System Projects with an investment of Rs. 1000 crore and above. The purpose of this mechanism is to periodically monitor implementation of projects and identify systemic issues and attempt to have been
The Directorate of Enforcement has issued Show Cause Notice for alleged contravention of Foreign Exchange Management Act, 1999 (FEMA) and the cases of prima-facie, offence of money laundering registered under Prevention of Money Laundering Act, 20
(Address by Dr. K. C. Chakrabarty, Deputy Governor, Reserve Bank of India at the Inaugural Session of the Financial Inclusion Conference 2012 “The First Mile Walk into the Financial System” organized by FICCI and Sa-Dhan at New Delhi o
The Union Finance Minister, Shri P. Chidambaram has said that uppermost in his mind is the duty to re-gain the confidence of all stakeholders. Assuring that inflation can be moderated in the medium term, he said that the Government will work with
I am starting this journey with the good wishes of all my seniors and colleagues who have all along inspired and motivated me to work passionately for the Institute over the years.
Our Government is using contemporary communication technology to make its transport system more robust. Defence research of our nation suggests using nanotechnology to provide solution to environmental problems
Since the Monetary Policy Statement for 2012-13 in April 2012, macroeconomic conditions have deteriorated. Much of the global economy is in a synchronised slowdown, having lost the upward momentum seen in the early months of the year.
The Reserve Bank of India today released the Macroeconomic and Monetary Developments First Quarter Review 2012-13. The document serves as a backdrop to the First Quarter Review of Monetary Policy Statement 2012-13 to be announced on July 31, 2012.
The Reserve Bank of India has, in consultation with stakeholders, today rationalised charges that banks can levy on customers for transfer of funds through National Electronic Funds Transfer (NEFT). Now banks can levy not more than `2.50 (exclu
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