Accordingly, Reserve Bank of India hereby permits Regional Rural Banks to open branches in Tier 3 to Tier 6 centres (with population up to 49,999 as per Census 2001 – details of classification of centres tier-wise furnished in Annex II) without having the need to take permission from Reserve Bank of India in each case, subject to reporting, provided they fulfil the following conditions as per the latest inspection report.
Sebi’s diktat to listed companies to dematerialise at least 50% of the non-promoter holding by October 31 has been ignored by many companies. This has prompted stock exchanges to shift their securities to trade for trade, or T segment, as a punitive
NOTIFICATION NO. S.O. 2760(E), DATED 9-11-2010 Whereas, M/s. Stargaze Properties Private Limited, a private organization in the State of Andhra Pradesh, had proposed under section 3 of the Special Economic Zones Act, 2005 (28 of 2005), (hereinafter referred to as ‘the said Act’), to set up a sector specific Special Economic Zone for information technology […]
NOTIFICATION NO. S.O. 2761(E), DATED 9-11-2010 Whereas, M/s. J.T. Holdings Private Limited, a private organization in the State of Andhra Pradesh, had proposed under section 3 of the Special Economic Zones Act, 2005 (28 of 2005), (hereinafter referred to as ‘the said Act’), to set up a sector specific Special Economic Zone for information technology […]
The finance ministry is persistent in its attempts to get details of the black money stashed in foreign banks. Finance minister Pranab Mukherjee who met Liechtenstein’s acting head of state Prince Alois in this regard on Tuesday, expressed concerns over funneling of black money from India.
The Reserve Bank of India (RBI) has increased the minimum amount that can be transferred through the real time gross settlement (RTGS) facility among bank accounts. In its quarterly review, RBI increased the lower limit to Rs.2 lakh from Rs.1 lakh wi
Cooperative housing societies can expel a member for owning more than one property as acquiring concessional government land cannot be a ruse to accumulate wealth, the Supreme Court has ruled.
The income-tax department has made seizures worth Rs 413.7 crore during the current fiscal till October, registering a growth of 17.1% over the corresponding period of the last year, which was at Rs 353.31 crore The seizures include Rs 271.9 crore in
UK-based SIS Live, which provided production facilities to official broadcaster Doordarshan during the Commonwealth Games, today rejected allegations of providing fake service tax numbers to agencies. In a statement released here, company COO Mark Ki
The Government has said that it is looking into violation of the Companies Act, 1956 by some Indian Premier League (IPL) franchises. Giving this information in written reply to a question in the Lok Sabha, the Minister for Corporate Affairs, Shri Sal
