Source Reserve Bank of India The Reserve Bank of India has today placed on its website the Concept Paper on Card Acceptance Infrastructure. Comments may be emailed or sent by post to the Chief General Manager, Department of Payment and Settlement Systems, Reserve Bank of India, Central Office, 14th Floor, Shahid Bhagat Singh Marg, Mumbai –… Read More »
Rural internship for medical students At present, the Government is not considering any proposal for mandatory internship for medical professionals in rural and remote areas. Health being a State subject, provision of healthcare facilities falls under the jurisdiction of respective State Governments. However, to encourage doctors working in remote and difficult areas, the MCI with… Read More »
Anant Geete briefs media on budget issues Says grant of 200 crores made to the FAME Scheme and Natrip is a welcome step Also reduction in excise duty from 12.5 percent to 6 percent will help Capital Goods Sector Union Heavy Industry & Public Enterprises Minister Shri Anant G. Geete today briefed media on the… Read More »
Model Police Act Government had constituted a Committee to draft a Model Police Act, which was published in 2006. A copy of the draft Model Police Act, as framed by the Committee, was forwarded to States for consideration and appropriate action, on 31st October, 2006. The Model Police Act, 2006 was studied again and reviewed… Read More »
Land swap with Bangladesh The ratification of Land Boundary Agreement of 1974 and its Protocol of 2011 has resulted in the exchange of 111 Indian enclaves (with a total area of 17,160.63 acres) in Bangladesh with 51 Bangladeshi enclaves (with a total area of 7,110.02 acres) in India and preservation of the status quo on… Read More »
D.V . Sadananda Gowda Interacts With Media Allocation for Plan Expenditure Increased from Rs. 806.65 Crores (Re 2015-16) to Rs. 900 Crores (Be 2016-17) Showing an Increase of 11.5%. A Centrally Sponsored Scheme for Development of Infrastructure Facilities for Judiciary being Implemented Allocation of E-Courts Phase-II Project has been increased from Rs.227.13 Crores in be… Read More »
Tax Administration Reforms Commission The Government has received the Report of Tax Administration Reforms Commission (TARC) headed by Dr. Parthsarathi Shome. The Report has four volumes containing a number of tax administration reforms. The broad recommendations inter-alia include changes in structure, improvement in taxpayers service, enhanced use of information and communication technology, exchange of information… Read More »
Online Selling of Products by Public Sector Insurance Companies As per the information furnished by Insurance Regulatory and Development Authority of India (IRDAI), the price of insurance products sold online through the Insurance Company’s website, without any intervention of agent or intermediary, is lower in comparison to the offline version because no commission is payable… Read More »
Paternity Leave to Bank Employees Grant of Paternity Leave to bank employees has been accepted under the 10th Wage Negotiation Settlement signed between Indian Banks’ Association (IBA) and the Unions/Associations of employees. Male employees with less than two surviving children shall be eligible for 15 days paternity leave during his wife’s confinement and may be… Read More »
ATM Transactions As per present guidelines of Reserve Bank of India (RBI), from November 1, 2014, banks are mandated to offer minimum five free transactions per month in own bank ATMs and three in other bank ATMs in six metro centres (Mumbai, New Delhi, Chennai, Kolkata, Bengaluru and Hyderabad). In non-metro centres, minimum five free… Read More »