Daily Archives: February 19, 2016

NBFCs not to undertake PoP services for National Pension System :RBI

By | February 19, 2016
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Undertaking of Point of Presence (PoP) Services under Pension Fund Regulatory and Development Authority for National Pension System (NPS) RBI/2015-16/324 DNBR (PD) CC.No. 073/03.10.001/2015-16 February 18, 2016 All Non-Banking Financial Companies Madam/ Sir, Undertaking of Point of Presence (PoP) Services under Pension Fund Regulatory and Development Authority for National Pension System (NPS) The Reserve Bank of India… Read More »

Vasai Vikas Sahakari Bank Ltd included in 2nd Schedule of RBI

By | February 19, 2016
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Inclusion in the Second Schedule to the Reserve Bank of India Act, 1934 – “  Vasai Vikas Sahakari Bank Ltd, Vasai Thane ” Source : Reserve Bank of India RBI/2015-16/325 DCBR CO. BPD.BC. No.10/16.05.000/2015-16 Magha 29, 1937 February 18, 2016 All Banks Dear Sir/Madam Inclusion in the Second Schedule to the Reserve Bank of India… Read More »

RBI issued directions for receivable acquired by NBFC- Factor

By | February 19, 2016
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Source : Reserve Bank of India RBI/2015-16/326 DNBR.CC.PD.No.074/03.10.01/2015-16 February 18, 2016 To All Non-Banking Financial Companies (NBFCs) – Factors. NBFC – Factors (Reserve Bank) Directions, 2012 – Review The Reserve Bank of India had reviewed the guidelines on provision of factoring services by banks and specified certain conditions under which banks can departmentally undertake factoring… Read More »

RBI Revised limit for reporting of Fraud by NBFCs to CFMC

By | February 19, 2016
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Source : Reserve Bank of India RBI/2015-16/327 DNBR (PD) CC.No.075/03.10.001/2015-16 February 18, 2016 All Deposit taking NBFCs (including RNBCs) and NBFCs- ND-SI Madam/ Sir, Frauds – Future approach towards monitoring of frauds in NBFCs Please refer to circulars DNBS.PD.CC.No.127/ 03.10.42/2008-09 dated August 14, 2008, DNBS.PD.CC.No.256/03.10.042/2011-12 dated March 02, 2012 andDNBS.PD.CC.No.314/03.10.042/2012-13 dated December 13, 2012 on… Read More »

E-flow of all important rivers of the country

By | February 19, 2016
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Uma Bharti asks her Ministry Officials to Work in Mission Mode for Successful Completion of Various Schemes Union Minister for Water Resources, River Development and Ganga Rejuvenation Sushri Uma Bharti has asked her Ministry officials to work in mission mode for successful completion of various schemes. Chairing a high level meeting held in New Delhi… Read More »

Govt Clarifications on implementation FATCA and CRS

By | February 19, 2016
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Clarification for implementation of FATCA and CRS An Inter-Governmental Agreement between India and USA was signed for implementation of Foreign Account Tax Compliance Act (FATCA). The Government of India has also joined the Multilateral Competent Authority Agreement (MCAA) for Automatic Exchange of Information as per Common Reporting Standard (CRS). To provide guidance for implementation of… Read More »

Govt Notifed what is startup enterprises

By | February 19, 2016
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Startup enterprises Read Startup Entity redefined by Govt – Notification THE GAZETTE OF INDIA EXTRAORDINARY [PART II—SEC. 3(i)] MINISTRY OF COMMERCE AND INDUSTRY (Department of Industrial Policy and Promotion) NOTIFICATION New Delhi, the 17th February, 2016 G.S.R. 180(E).—The Government of India has announced ‘ Startup India ’ initiative for creating a conducive environment for startups in… Read More »

PM unveils operational guidelines for Pradhan Mantri Fasal Bima Yojana

By | February 19, 2016
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PM unveils operational guidelines for Pradhan Mantri Fasal Bima Yojana; addresses massive farmers’ rally in Sehore Digital Platform for National Agriculture Market to be launched on Babasaheb Ambedkar’s birth anniversary on April 14th The Prime Minister, Shri Narendra Modi, today unveiled the operational guidelines for the Pradhan Mantri Fasal Bima Yojana at a massive farmers’… Read More »

Andhra University to start the IIPE sessions

By | February 19, 2016
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Signing of MoU Between IIPE and Andhra University Ministry of Petroleum and Natural Gas (MoPNG), Government of India has established Indian Institute of Petroleum and Energy (IIPE), Visakhapatnam, as noted in the Andhra Pradesh Reorganisation Act (2014), with the mandate to lead the nation forward in education, research and training related to all areas of… Read More »