GN Bureau | February 29, 2016
* A comprehensive Code on Resolution of Financial Firms to be introduced.
* Statutory basis for a Monetary Policy framework and a Monetary Policy Committee through the Finance Bill 2016.
* A Financial Data Management Centre to be set up.
* RBI to facilitate retail participation in Government securities.
* New derivative products will be developed by SEBI in the Commodity Derivatives market.
* Amendments in the SARFAESI Act 2002 to enable the sponsor of an ARC to hold up to 100% stake in the ARC and permit non institutional investors to invest in Securitization Receipts.
* Comprehensive Central Legislation to be bought to deal with the menace of illicit deposit taking schemes.
* Increasing members and benches of the Securities Appellate Tribunal.
* Allocation of Rs 25,000 crore towards recapitalisation of Public Sector Banks.
* Target of amount sanctioned under Pradhan Mantri Mudra Yojana increased to Rs 1,80,000 crore.
* General Insurance Companies owned by the Government to be listed in the stock exchanges.
Everyone in Yogi Adityanath`s office declares that Yogi’s political career is founded on the work carried out from there, first when he was mahant of the influential temple, and then as an MP. Vijendra Singh, who works at the office, says “It’s because of these letters that Yogiji has n
Banks have advanced a staggering Rs 29,46,060 crore to the industrial sector, of which Rs 6.93 lakh crore are non-performing assets (NPAs). Finance minister Arun Jaitley informed
Here are 10 things that Kenneth Rogoff, Thomas D Cabot professor of public policy, department of economics, Harvard University, and author of `The Curse of Cash`, said about demonetisation at the Delhi Economics Conclave 2017: 1. The core idea for demone
As Ram Nath Kovind readies to take charge as president, the government is forming his team, naming three officials. Ashok Malik, former journalist and commentator known for his pro-right views, will serve as the press secretary to the president. Bharat Lal, Gujarat&rs
Back in the early 1990s, Shankarsinh Vaghela was (or at least perceived to be) more popular of the two people running the BJP show in Gujarat. Today, the other man is the prime minister, and Vaghela is reduced to a footnote – albeit an important one – in the Narendra Modi saga. &n
At 70, Dr Aziz Ahmad, a well-known homeopath and politician now with Congress, still has a busy practice in Abu Bazaar, in old Gorakhpur. During working hours, the lane in which he has a clinic becomes jam-packed with patients and their vehicles. People speak of naming the lane after him.