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.
Even as Mumbai fights challenges posed by COVID-19 on multiple fronts and as the coronavirus cases continue to rise daily, the city now faces a double whammy with the cyclone ‘Nisarga’ slated to make the landfall in Maharashtra Wednesday. A state-wide alert has been issued for Mumba
Probing data concerning increased job creation and the decline in unemployment has been holding the attention of economists and been subject of discussions in several think tanks in the preceding months. The NITI Aayog reports that 3.53 million new jobs were created between September 2017 and February 2018
With Lockdown 4 ending Sunday, the home ministry has issued new guidelines to fight COVID-19 and for phased re-opening of areas outside the Containment Zones. The guidelines, issued based on extensive consultations held with states and UTs, will be effective from June 1 till June 30. The first phase of reo
When the whole world is fighting COVID-19, food and nutrition security has become a major issue. The pandemic has aggravated the existing food crisis in India, especially in rural and tribal regions. There has been less availability of fresh foods in most parts of the country, and the tribal community has
India is determined to “set an example” for the rest of the word in the post-pandemic economic revival, prime minister Narendra Modi has said, underling the need to become self-reliant. “There is also a widespread debate on how the economies of various countries, including
Close to 48 lakh migrant labourers have been able to reach home from the cities they were working in, as the Indian Railways have run a total of 3,543 “Sharmik Special” trains from May 1. Following the home ministry order regarding the movement by special trains of migrant worker