Press Note Moving systematically towards a cashless society as visualized by Prime Minister Shri Narendra Modi, the Minister of Steel Shri Chaudhary Birender Singh had a detailed meeting with the officials of Steel Ministry on 25.11.2016. It has been decided to have time bound approach to ensure a smooth, effective and sustainable shift to a… Read More »
New National Steel Policy The Government proposes to revisit the existing National Steel Policy. It is at conceptual stage. Based on the decision taken in the meeting of High Level Committee on Manufacturing held on 09.07.2013 to achieve the ambitious target of 300 Million Tonne Per Annum (MTPA) steel production capacity by 2025, a concept… Read More »
India’s Share in Global Trade India’s performance in World trade based on the WTO database which provides the data calendar year-wise is given as follows: India’s Trade Performance: Percentage Share in World Trade Years India’s Share in World Merchandise Exports India’s Share in World Commercial Services Exports India’s Share in World Merchandise Plus Services… Read More »
Import Clearance Certificate Import of products like drugs/pharma, food, plant & plant products, livestock & livestock products are governed by their respective legislations and Rules there under. Clearance systems of all these categories of products are in place at ports of entry. The Customs Single Window Interface for Facilitating Trade (SWIFT) enables importers/exporters to… Read More »
FM: Present Government has taken a new initiative by setting-up a modern insolvency mechanism based on the best practices in the world; Hope that it will deliver the desired results; Hands-over the Certificates of Registration to these two Insolvency Professional Agency (IPA) companies. The Union Minister of Finance and Corporate Affairs Shri Arun Jaitley said… Read More »
Date : Nov 28, 2016 Withdrawal of Legal Tender status of banknotes of ₹ 500 and ₹ 1000: Activity at Banks during November 10-27, 2016 Consequent to the announcement of withdrawal of legal tender status of banknotes of ₹ 500 and ₹ 1000 denominations from the midnight of November 8, 2016, the Reserve Bank of… Read More »
Chest Guarantee Scheme for Specified Bank Notes (SBNs) – CGSS RBI/2016-17/162 DCM (Plg) No.1438/10.27.00/2016-17 November 28, 2016 The Chairman / Managing Director/ Chief Executive Officer, Public Sector Banks/ Private Sector Banks / Foreign Banks/ Regional Rural Banks / Urban Cooperative Banks/ State Cooperative Banks Dear Sir, Chest Guarantee Scheme for Specified Bank Notes (SBNs) –… Read More »
RBI/2016-17/163 DCM.No.1437/10.27.00/2016-17 November 28, 2016 The Chairman / Managing Director/ Chief Executive Officer, Public Sector Banks/ Private Sector Banks / Foreign Banks / Regional Rural Banks / Urban Cooperative Banks/ State Cooperative Banks/ District Central Cooperative Banks Dear Sir, Withdrawal of cash from bank deposit accounts – Relaxation It has been reported that certain depositors… Read More »