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The Reserve Bank of India Act, 1934 (RBI Act) has been amended by the Finance Act, 2016,  to provide for a statutory and institutionalised framework for a Monetary Policy Committee, for maintaining price stability, while keeping in mind the objective of growth. The Monetary Policy Committee would be entrusted with the task of fixing the benchmark policy rate (r..

Following is the summary of the recommendations of the Committee. The Report of the Committee is in two parts: i. Rationale and Design/Recommendations; ii. A comprehensive draft Financial Resolution and Deposit Insurance Bill covering..

Committee Draft - The Financial Resolution and Deposit Insurance Bill, 2016 To know in details, find the enclosed file ..

Finance Ministry invites comments/suggestions from stakeholders by October 14, 2016 on the Report & Draft FRDI Bill    The Finance Minster Shri Arun Jaitley in Para 90 of his Budget Speech 2016-17, had announced:/d..

MINISTRY OF LAW AND JUSTICE (Legislative Department) New Delhi, the 8th September, 2016/Bhadra 17, 1938 (Saka) The following Act of Parliament received the assent of the President on the 8th September, 2016, and is hereby published for general information:-  /p..

Ministry of Social Justice and Empowerment signed MOU with National Safai Karmachari Finance and Development Corporation (NSKFDC) here today stipulating the targets for the Corporation for the year 2016-17. The MOU was signed by Smt Anita Agnihotri, Secretary Deptt of Social Justice and Empowerment and Sh K Narayan, MD-NSKFDC in presence of Sh Arun Kumar Special Sec..

The Centre today urged the States to speed up the execution of Central Schemes to achieve the goal of developed India. Addressing an All India Conclave of Rural Development and Panchayati Raj Ministers at Guwahati, Assam, the Minister for Rural Development, Panchayati Raj and Drinking Water & Sanitation Shri Narendra Singh Tomar said that development of India is..

M/O Social Justice & Empowerment Sanctions Rs. 14,89,53,000/- to Government of Odisha Under “Scheme of Special Central Assistance to SCSP During 2016-17    Ministry of Social Justice and Empowerment has sanctioned Rs. 14,89,53,000/- (Rupees Fourteen Crore Eig..

Want India to become a pensioned and an insured society – Arun Jaitley  LIC declares special Diamond Jubilee bonus on all eligible policies.    Union Finance Minister Mr. Arun Jaitley today highlighted the need for strengthenin..

The Union Finance Minister Shri Arun Jaitley reviews the Implementation of Insolvency and Bankruptcy Code (IBC) 2016; Calls for quick action to implement the IBC in a time bound manner.    The Union Finance Minister Shri Arun Jaitley directed the Senior Officers ..

Shri J P Nadda commemorates a decade of Integrated Food Law in the country  Provisions of safe food should become a part of our ingrained culture: J P Nadda  FSSAI announces 10@10 initiatives    Commemo..

Smt Maneka Sanjay Gandhi holds Regional consultations on the draft ‘Trafficking of Persons Bill, 2016’ in Chennai  WCD Ministry to start a new initiative of giving birth certificates and AADHAR Cards to street children    The Minister of Women and Child Deve..

Union Minister of State for Personnel, Shri V.Narayanasamy on the occasion of inauguration of XIX Conference of CBI & State Anti Corruption Bureaux congratulated the CBI for taking the initiative to host this Conference annually, from this year, instead of once in two years. This would provide a forum for all the agencies engaged in anti-corruption and vigilance..

In view of widespread criticism of the workings of the Medical Council of India included in the 92nd Report of Department-Related Parliamentary Standing Committee on Health and Family Welfare, presented to the Rajya Sabha on 8th March 2016, the Government of India appointed a committee under the chairmanship of Vice Chairman, NITI Aayog on 28th March 2016. The Committ..

The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, has given its ex-post facto approval for amendment of Section 64 and section 65 and consequential amendment of section 115 of the Factories Act, 1948 by introducing the Factories (Amendment) Bill, 2016 in the Parliament.  The approved amendments will give boost to the manufactur..