THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)] MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi , 6th April, 2016 G.S.R. 404(E).—In exercise of the powers conferred by sub section (1) of section 467 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following amendments to Schedule III of the… Read More »
Modern public toilets Delhi gets modern, user friendly public toilets at 20 locations ; each costs Rs.13 lakhs Shri M.Venkaiah Naidu inaugurates ‘Swachh Sauchalay’ in Preet Vihar, East Delhi Shortage of 4,000 public toilets in the national capital Centre sanctions Rs.223 cr to provide household water supply, sewer connections in Delhi Delhi today got modern… Read More »
National Hydrology Project The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its approval toImplementation of the National Hydrology Project. It will be a central sector scheme with a total outlay of Rs. 3679.7674 crore. This includes Rs.3,640 crore for National Hydrology Project (NHP) and Rs. 39.7674 crore for National Water… Read More »
Implementation of One Rank One Pension The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its ex-post facto approval for implementation of One Rank One Pension (OROP). The details are as follows: 1. The benefit will be given with effect from 1st July, 2014. 2. Pension will be re-fixed for pre… Read More »
Source IRDAI IRDAI has been receiving communications from certain Ombudsman bringing to its notice the inordinate delay on the part of the Insurance Companies to implement the orders/awards of the Insurance Ombudsman. Similar complaints have also been received from the aggrieved Policy Holders on the above issue. Considering the seriousness of the issue, IRDAI in… Read More »
Clarifications on Guidelines on Cross Border Reinsurers Ref:IRDA/NL/GDL/RIN/065/04/2016 Date:04-04-2016 To All CEOs/CMDs of Insurance Companies / GIC Re This refers to Circular No IRDAI/NL/GDL/RIN/017/01/2016 dated 19-01-2016 The Authority has been receiving information sheets for the Cross Border Reinsurers (CBR) (who are not fully compliant with the said circular), from various insurers/GIC Re, for approval of… Read More »
RBI/2015-16/355 REF.No.MPD.BC.380 /07.01.279/2015-16 Chaitra 16, 1938 (Sake) April 5, 2016 To All Primary Dealers Dear Sir/Madam, Standing Liquidity Facilities for Primary Dealers Please refer to the First Bi-monthly Monetary Policy statement 2016-17 by Dr. Raghuram G Rajan, Governor dated April 5, 2016, in terms of which the repo rate under the Liquidity Adjustment Facility (LAF)… Read More »
RBI/2015-2016/356 FMOD.MAOG. No.113 /01.18.001/2015-16 April 5, 2016 All Scheduled Commercial Banks (excluding RRBs) Madam / Sir, Marginal Standing Facility As announced by the Governor today, it has been decided to reduce the Marginal Standing Facility (MSF) rate by 75 basis points from 7.75 per cent to 7.00 percent with immediate effect. All other terms and… Read More »
RBI/2015-2016/357 FMOD.MAOG. No. 112 /01.01.001/2015-16 April 05, 2016 All Scheduled Commercial Banks (excluding RRBs), Scheduled Urban Co-operative Banks and Standalone Primary Dealers Madam / Sir, Liquidity Adjustment Facility – Repo and Reverse Repo Rates As announced in the Monetary policy by the Governor today, it has been decided to reduce the Repo rate under the… Read More »
The “Panama Papers” revelations have thrown light on Panama’s culture and secretive ways of carrying out business. Panama is the last major tax haven that continues to allow funds to be hidden offshore from tax and law enforcement authorities flouting international best practices with impunity. The OECD has been leading a global crackdown on these… Read More »