Community & General News
RBI proposes foreign investment in pvt banks below 50%
12 August 2010 at 10:27RBI proposes foreign investment in pvt banks below 50% The Reserve Bank on Wednesday suggested lowering the foreign investment limit in new private sector banks to below 50 per cent from 74 per cent currently, in order to strengthen the local bank
Entry of New Banks in the Private Sector - Discussion Paper
11 August 2010 at 17:19Entry of New Banks in the Private Sector – Discussion Paper
Increase in Pension to Industrial Workers under EPS-1995
11 August 2010 at 17:03Increase in Pension to Industrial Workers under EPS-1995 It is true that the minimum pension granted under the Employees’ Pension Scheme to industrial workers after the year 2000 has not been increased. This has not been possible as the ann
Eleven Aayakar Seva Kendras to be Set-up in 2010-11
11 August 2010 at 10:54The Government has decided to set up Aayakar Seva Kendra at following 11 locations during the current financial year 2010-11: S.No. State
Financial Inclusion High on The Agenda Government - Several Measures to Extend Banking Facilities to Excluded
11 August 2010 at 10:51Financial Inclusion High on The Agenda Government Several Measures to Extend Banking Facilities to Excluded Population Financial Inclusion is an important priority of the Government as only 37% of bank branches of Scheduled Commercial Banks are i
Special Tax Benefits and Facilities in SEZs
11 August 2010 at 10:48Special Tax Benefits and Facilities in SEZs Special tax benefits/facilites are offered to Special Economic Zones (SEZs) in the country. They include: I. Duty free import/domestic procurement of goods for development, operation and mainten
Mitigation Of Financial Hardship Of Common Man
11 August 2010 at 10:45Mitigation Of Financial Hardship Of Common Man The Reserve Bank of India (RBI) has issued directives to banks on lending under Priority Sector. As per extant guidelines of RBI on Priority Sector Lending (PSL) (available at www.rbi.org.in), the Dom
RBI Issues Master Circular on Credit Card Operations W.E.F Ist July, 2010
11 August 2010 at 10:32RBI Issues Master Circular on Credit Card Operations W.E.F Ist July, 2010 In order to ensure that Banks/ Non-Banking Financial Companies (NBFCs) run their credit card operations in a fair and regulated manner, Reserve Bank of India (RBI) had issue
Govt Amends Public Shareholding Requirement Rules Public Shareholding for all PSES lowered to 10% Companies can raise public Shareholding level Within
10 August 2010 at 10:18Govt Amends Public Shareholding Requirement Rules Public Shareholding for all PSES lowered to 10% Companies can raise public Shareholding level Within Three years without any Annual floor The Department of Economic Affairs, Ministry of Finance has
FM not averse to more fiscal, monetary steps to ease inflation
10 August 2010 at 09:49FM not averse to more fiscal, monetary steps to ease inflation Concerned over rising prices, Finance Minister Pranab Mukherjee has said more fiscal and monetary steps could be taken to ease inflation, if required. "The Reserve Bank is consta
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