Monthly Archives: December 2016

Infrastructure Lending -Definition – Banks to follow Govt Gazette Notifications -RBI

By | December 1, 2016
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RBI/2016-17/168 DBR.BP.BC.No.42/08.12.014/2016-17 December 1, 2016 All Scheduled Commercial Banks (Excluding RRBs) All India Term-Lending and Refinancing Institutions (Exim Bank, NABARD, NHB and SIDBI) Madam/Dear Sir, Financing of Infrastructure – ‘Definition of ‘ Infrastructure Lending ‘ Please refer to our circular DBOD.BP.BC.No.66/08.12.014/2013-14 November 25, 2013 on ‘Definition of Infrastructure Lending’ harmonising the RBI definition of Infrastructure… Read More »

Large Exposure Framework-RBI final guidelines

By | December 1, 2016
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RBI/2016-17/167 DBR.No.BP.BC.43/21.01.003/2016-17 December 01, 2016 All Scheduled Commercial Banks (Excluding Regional Rural Banks) Madam/Dear Sir, Large Exposure Framework Please refer to the paragraph 3 of the Statement on Developmental and Regulatory Policies issued by RBI on October 4, 2016 (extract enclosed). It was indicated therein that RBI will issue final guidelines on Large Exposure Framework… Read More »

Banks to abide by only instructions which are either uploaded on RBI website , Not to follow Social media

By | December 1, 2016
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Information from Unauthenticated Sources – Advisory to banks RBI/2016-17/166 DCM (Plg) No.1500/10.27.00/2016-17 December 01, 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, Information from Unauthenticated Sources – Advisory to banks In the wake… Read More »

Portal ‘ E-Box ’ to register online complaints of child sexual abuse

By | December 1, 2016
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Portal ‘E-Box’ launched by WCD Ministry to register online complaints of child sexual abuse The Ministry of Women and Child Development is providing support for an outreach service under the Integrated Child Protection Scheme (ICPS) for children in distress including children requiring assistance for protection from abuse . This service is available through a dedicated… Read More »

FASTag -Electronic Toll Collection on Toll Plazas -FAQ’s

By | December 1, 2016
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FASTag What is Electronic Toll Collection (ETC) / FASTag? NHAI has rolled out program for Electronic Toll Collection on Toll Plazas on National Highways to be called FASTag. FASTag is a device that employs Radio Frequency Identification (RFID) technology for making toll payments directly from the prepaid account linked to it. It is affixed on… Read More »

Toll Collection to Resume on National Highways from Midnight of 2nd December

By | December 1, 2016
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Toll Collection to Resume on National Highways from Midnight of 2nd December Old Rs 500 notes to be accepted till midnight of December 15, but only for purchase of FASTags and where toll fee exceeds Rs 200 Highway users being encouraged to carry adequate change , make use of electronic payment systems The collection of… Read More »

Digital Reforms by Govt of India

By | December 1, 2016
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Impact of Administrative Reforms implemented by Government Several administrative reforms are implemented by the Government post 2014 to make administrative process efficient, transparent and accountable.  Some of the major reforms are as under:  (i) e-Samiksha- A real time online system for monitoring and follow up action on the decisions taken by the Government at the… Read More »

Benefit of non-creamy layer to get the benefits of reservation

By | December 1, 2016
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Assessment of equivalence of employees It is a fact that evaluation of the equivalent or comparable posts in public sector undertakings, Banks, Insurance companies, Universities, private employment vis-à-vis Government posts could not be established so far. However, the extant instructions of Department of Personnel and Training dated 8.9.1993 read with instructions of 14.10.2004 provide that… Read More »