Three top executives of the undivided Reliance Group – AN Sethuraman , Shankar Adawal and V Balasubramanium – will face criminal proceedings on charges of possessing confidential government documents after the Supreme Court on Tuesday refused to give them any relief.
The Reserve Bank on Tuesday set up a committee for streamlining foreign exchange transactions and also invited comments from public and other stakeholders for improving facilities pertaining to investments and repatriation of funds.
There has been an unprecedented collection of tax revenues in the financial year 2010-11. Against an initial aggregate target of Rs.7,45,000 crore that we revised to Rs.7,82,000 crore, the total collections stand at nearly Rs.7,90.000 crore. This has greatly strengthened our efforts for fiscal consolidation that is a key imperative for growth of our country’s economy and the socio-economic developments of its people.
I am extremely happy to listen to the discussion conducted by Mr.Arnab Goswamy of Times Now in his News Hour programme highlighting the observations made by Justice Markandeya Katju of Supreme Court on the functioning of lower judiciary. In any democratic set-up, independent and efficient judiciary is very important. We have very good systems in place in India and the only thing I feel is that we remain stagnant.
The Union Cabinet today approved the proposal to amend the Administrators-General Act, 1963 to raise the monetary limit from Rs. two lakh to Rs. ten lakh by introducing the Administrators-General (Amendment) Bill, 2011 in the ensuing session of Parliament.
Shri Salman Khurshid, Minister of Minority Affairs, here today launched the new website of the Ministry of Minority Affairs. Shri Vincent H. Pala, Minister of State for Minority Affairs was also present on the occasion. The new website http://www.minorityaffairs.gov.in has been given a new look and feel and is easy to use.
Country’s largest lender SBI today announced a hike in lending rates by 75 basis points (bps), making housing, auto and other loans dearer for both new and existing borrowers. State-owned SBI has increased the base rate, or the minimum lending rate, by 75 bps (0.75%) to 9.25%. The new rate is effective from May 12, the lender said in a statement.
Online Certificate Course in Intellectual Property Rights – The Intellectual Property, one of the important assets of commercial transactions, has become an important measure for corporate viability, competitive edge and sustainable performance. Realizing the importance of IPRs in knowledge era and with a view to equip our members on legal and technical skills in various aspects of Intellectual Property Rights, the Institute has decided to introduce online short term certificate course for its members and students. The course would enable our members and students to gain an appreciation of intellectual property as a tool for corporate advisory and development. The course would combine online study with instructor led training. The course would be launched shortly.
Please refer to our Circular UBD.PCB.Cir.No.11/09.09.01/2007-08 dated August 30, 2007 forwarding therewith the guidelines for UCBs on lending to priority sector. In terms of item (vi) under ‘Categories of Priority Sector’ and also para 7.1 of section I of Annex of the above Circular, loans up to Rs.20 lakh irrespective of location, to individuals for purchase / construction of dwelling unit per family, excluding loans granted by banks to their own employees are eligible for classification under priority sector.
The Central Bureau of Investigation has arrested a Private Secretary to the Minister of Technical Education, Social Security, Women & Child, Govt. of Punjab in the on-going investigation of a bribery case. The arrested accused was produced before the Special Judge for CBI cases, Chandigarh and remanded to one day Police custody.
