Monthly Archives: May 2016

Centre asks States to use Rs 292 crores funds for fodder development

By | May 5, 2016

Centre asks States to use Rs 292 crores funds for fodder development and immediately prepare an action plan for this purpose Centre to coordinate movement of fodder for surplus area to deficient areas with Railways Secretary, Department of Animal Husbandry, Dairying and Fisheries, Ministry of Agriculture & Farmers Welfare, Shri Devendra Chaudhry today here held… Read More »

All Metros asked to speed up appointment of Independent Directors

By | May 5, 2016

All Metros asked to speed up appointment of Independent Directors and promote efficiency Views of respective States to be taken on a Regulator for Metros Centre lauds Lucknow Metro progress All Metros across the country being built and operated with Central Government equity have been asked to promote efficiency while hiring manpower and in procurement… Read More »

Exchange rate of foreign currency relating to imported and export goods notified

By | May 5, 2016

Exchange rate of foreign currency relating to imported and export goods notified In exercise of the powers conferred by Section 14 of the Customs Act, 1962 (52 of 1962), and in supersession of the notification of the Central Board of Excise and Customs (CBEC) No.55/2016-CUSTOMS (N.T.), dated 21st  April, 2016, except as respects things done… Read More »

No proposals for closure of ration shops / discontinuing subsidies : Govt

By | May 5, 2016

Source :Ministry of Commerce & Industry Rejoinder to factually incorrect information circulated in the Social Media regarding the WTO Ministerial Conference held in Nairobi in December 2015 The Department of Commerce, Government of India  has come across a video in Tamil, posted on the social networking site Facebook, where   Shri Thirumurugan Gandhi has made factually… Read More »

CIL steps to improve Coal Production from Underground Mines

By | May 5, 2016

Steps taken by CIL to improve Coal Production from Underground Mines Coal India Limited (CIL) has envisaged following steps to improve coal production from underground mines include: • Planning new underground mines adopting mass production systems like continuous miner technology and longwall technology wherever feasible. • Entering into risk / gain sharing arrangements with the… Read More »

34 Satellites under operation in India

By | May 5, 2016

Satellites under operation in Country Currently, 34 satellites are operational in the country comprising of :- (i) 13 Communication Satellites namely, INSAT-3A, INSAT-3C, INSAT-4A, INSAT-4B, INSAT-4CR, GSAT-6, GSAT-7, GSAT-8, GSAT-10, GSAT-12, GSAT-14, GSAT-15 and GSAT-16. (ii) 12 Earth Observation Satellites namely, Resourcesat-2, RISAT-1, RISAT-2, Cartosat-1, Cartosat-2, Cartosat-2A, Cartosat-2B, Oceansat-2, SARAL, Kalpana-1, Megha-Tropiques and INSAT-3D. (iii)… Read More »

Landing Certificates not required w.e.f 04.05.2016

By | May 5, 2016

As part of ease of doing business and reduction of Transaction Cost of the exporters, the Government decides to do away with the Landing Certificates required under Merchandise Export from India Scheme (MEIS) with effect from 4th May, 2016. Read Also Notification on :Landing Certificate shall not required under MEIS Government with the approval of… Read More »

insurers to strictly comply General Insurance-Reinsurance Regulation

By | May 5, 2016

CIRCULAR NO.IRDA/NL/CIR/RIN/078/04/2016, DATED 26-4-2016 The Authority has recently received requests from some insurers seeking waiver of certain provisions of IRDA (General Insurance-Reinsurance) Regulation 2013, citing inability to comply with the stipulations, as they were executing Reinsurance treaties on a global basis where the Indian Insurer along with their foreign promoter entity/subsidiaries/group companies enter into a… Read More »

RISK WEIGHT FOR INVESTMENTS IN CORPORATE BONDS BY SPDs

By | May 5, 2016

RISK WEIGHT IN RESPECT OF INVESTMENTS IN CORPORATE BONDS BY STANDALONE PRIMARY DEALERS (SPDs) CIRCULAR DNBR.CO.PD.NO.080/03.10.01/2015-16, DATED 28-4-2016 In terms of the Capital Adequacy Standards and Risk Management Guidelines for SPDs, risk weight of 100% has been stipulated in respect of investments in corporate bonds, for the purpose of calculating capital adequacy. 2. On a… Read More »