Monthly Archives: February 2016

Basic pension of Group ‘C” and ‘D’ retirees of Major Port Trusts & Dock Labour Board to be increased

By | February 2, 2016

Basic pension of Group ‘C” and ‘D’ retirees of Major Port Trusts & Dock Labour Board to increase by 5.69 %. In a major relief to the Group ‘C’ and ‘D’ retirees of Major Port Trusts & Dock Labour Board, the Ministry of Shipping has approved the increase in the basic pension by 5.69% in… Read More »

Report of Companies Law Committee to make 100 amendments in Act

By | February 2, 2016

Report of the Companies Law Committee The Companies Law Committee was constituted in June 2015 for examining and making recommendations on the issues arising out of implementation of the Companies Act, 2013. The Committee submitted its report to the Government today. The Committee was chaired by Secretary, Ministry of Corporate Affairs and consisted of Shri… Read More »

MGNREGA completes 10 years

By | February 1, 2016

Mahatma Gandhi National Rural Employment Guarantee Act The Journey of a Decade  The Mandate of the Act and Achievements The Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) completes ten years of implementation on 2nd February 2016. The achievements of a decade are a cause of national pride and celebration. Since the start of the… Read More »

FAQ’s on Speed Clearing

By | February 1, 2016

(Updated on June 30, 2015) 1. What is Speed Clearing ? Speed Clearing refers to collection of outstation cheques (a cheque drawn on non-local bank branch) through the local clearing. It facilitates collection of cheques drawn on outstation core-banking-enabled branches of banks, if they have a net-worked branch locally. 2. Why Speed Clearing ? The… Read More »

All about RTGS ( Real Time Gross Settlement )

By | February 1, 2016

Q1. What is RTGS System? Ans. The acronym ‘RTGS’ stands for Real Time Gross Settlement, which can be defined as the continuous (real-time) settlement of funds transfers individually on an order by order basis (without netting). ‘Real Time’ means the processing of instructions at the time they are received rather than at some later time;… Read More »