Others News

CRR reduced

18 September 2012 at 11:54

RBI/2012-13/209 DBOD.No.Ret.BC. 44/12.01.001/2012-13 September 17, 2012 All Scheduled Commercial Banks (Excluding Regional Rural Banks) Dear Sir, Section 42(1) of the Reserve Bank of India Act, 1934 - Maintenance of Cash Reserve Ratio (CRR

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Mid-Quarter Monetary Policy Review: September 2012

17 September 2012 at 18:28

Monetary and Liquidity Measures On the basis of an assessment of the current macroeconomic situation, it has been decided to: reduce the cash reserve ratio (CRR) of scheduled banks by 25 basis points from 4.75 per cent to 4.50 per cent of thei

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RBI releases Handbook of Statistics on the Indian Economy 2011-12

15 September 2012 at 12:25

The Reserve Bank of India today released the fourteenth volume of its annual statistical publication titled Handbook of Statistics on the Indian Economy (HBS) 2011-12. The publication provides time series data on various economic and financial ind

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Review of Policy on Foreign Direct Investment in Civil Aviation Sector

15 September 2012 at 12:25

The Cabinet Committee on Economic Affairs has approved the proposal of the Department of Industrial Policy and Promotion for permitting foreign airlines to make foreign investment, up to 49 percent in scheduled and non-scheduled air transport serv

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Permitting FDI in multi-brand product retail trading

15 September 2012 at 12:25

The Cabinet has approved the proposal of the Department of Industrial Policy & Promotion for permitting FDI in multi-brand retail trading, subject to specified conditions. The proposal had earlier been approved by the Cabinet in its meeting

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Amendment of conditions in the policy on Foreign Direct Investment in single-brand product retail trading

15 September 2012 at 12:25

The Cabinet has approved the proposal of the Department of Industrial Policy & Promotion for amendment of the existing policy on Foreign Direct Investment in Single-Brand Product Retail Trading. Vide Press Note 1(2012 Series) dated 10.1. 201

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Financial Stability: 2007 to 2012 - Five years on

12 September 2012 at 11:43

(Special address by Mr. Anand Sinha, Deputy Governor, Reserve Bank of India at the FIBAC 2012 organised by FICCI and Indian Banks’ Association at Mumbai on September 6, 2012) Mr. D. Sarkar, CMD, Union Bank of India, Mr. Pratip Chaudhuri, C

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Assessment of Black Money Parked Abroad by Indian

07 September 2012 at 11:31

In order to find out the quantum of black money parked by Indians in the country and abroad and to recommend ways to deal with the problem of black money Government had entrusted this work to three institutions in March, 2011. The names of the i

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Increase in Number of Foreign Companies

06 September 2012 at 11:26

As per the 55th Annual Report on the working and administration of the Companies Act 1956 for the year ended March 2011, the number of foreign companies has increased from 2609 as on 31.3.2008 to 3127 as on 31.3.2011. There has been consistent inc

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Relaxation of NBFC Norms

06 September 2012 at 11:21

In view of the problems being faced by NBFC in complying with the extant this criteria on account of their existing portfolio, the RBI modified its directions on August 03, 2012 to include within the definition of ‘qualifying asset’ on

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