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Reserve Bank of India (RBI) has informed that Public Sector Banks (PSBs) have not been found to have deliberately indulged in forex frauds, though staff collusion in the irregularities in the import transactions detected in the Bank of Baroda (BOB) case cannot be ruled out. BOB reported a case with the Central Bureau of Investi..

The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act) and the Recovery of Debts Due to Banks and Financial Institutions Act (RDDB & FI Act) have been amended for speedier resolution of defaulted loans through ‘The Enforcement of Security Interest and Recovery of Debts Laws and Miscellaneous Pr..

The All India Conference of the Central Administrative Tribunal (CAT) is being held here from November 26-27, 2016. The Conference will be inaugurated by Shri Justice T. S. Thakur, Chief Justice of India and will be presided over by the Union Minister for Law and Justice Shri Ravi Shankar Prasad. Mr Justice J. Chelameswar, Judge, Supreme Court of India will be the G..

As per the National Crime Records Bureau (NCRB) data, a total number of 222, 280 and 293 cases have been registered under the Prohibition of Child Marriage Act (PCMA) 2006 in the year 2013, 2014 and 2015 respectively. Tamil Nadu registered highest number of cases i.e. 56, 47 and 77 in the years 2013, 2014 & 2015 respectively followed by West Bengal with 43, 37 &..

Under the Integrated Child Development Services (ICDS) Scheme, Aadhar enrolment of children below 5 years has been taken up with States/ Union Territories. As per information available from UIDAI, Aadhaar saturation among children below 5 years of age is 30.7% as on 15.11.2016. States/ UTs have been requested to organise specia..

As per the National Crime Record Bureau (NCRB) a total of 426 cases were registered under the Prevention of Women from domestic Violence Act, 2001 in 2014 and a total of 461 similar such cases were registered in 2015. Out of these a total of 18 cases fell into the category of Final Reports False (FRFALs) in 2014 & a total of 10 FRFALs were reported in 2015. ..

Insolvency and Bankruptcy Board (IBBI) of India notifies (Insolvency Professional) Regulations, 2016; Regulations inter alia provide for registration, regulation and oversight of insolvency professionals under the Code; These regulations to come into effect from 29th November, 2016.  The Insolvency and Bankr..

Insolvency and Bankruptcy Board (IBBI) of India notifies two Regulations; The IBBI (Model Bye-Laws and Governing Board of Insolvency Professional Agencies) Regulations, 2016 and IBBI (Insolvency Professional Agencies) Regulations, 2016.    div style="t..

Government vide Notification dated 30th September 2016 have issued detailed recommendations of the 7th Pay Commission relating to pensionary benefits of Defence Forces Personnel and the decisions taken thereon by the Government.  The 7th Central Pay Commission (CPC) recommended the following on disability pension:-  ..

A new Scheme “Pradhan Mantri Rojgar Protsahan Yojana” has been announced in the Budget for 2016-17 with the objective of promoting employment generation and an allocation of Rs. 1000 crores has been made. The scheme is being implemented by the Ministry of Labour and Employment in 2016-17.  The PMRPY scheme is targeted for workers earn..

RBI/2016-17/143 DBR.No.BP.BC.37/21.04.048/2016-17 November 21, 2016 All Entities Regulated by the Reserve Bank of India Madam / Dear Sir, Prudential Norms on Income Recogn..

Section 25(1) of the RTI Act, 2005 provides that the State Information Commission shall as soon as practicable after the end of each year, prepare a report on the implementation of the provisions of this Act during that year and forward a copy thereof to the appropriate Government. Further, Section 25(3)(g) of RTI Act, 2005 pro..

In order to provide social security benefits to the workers in the unorganised sector, the Government has enacted the Unorganised Workers’ Social Security Act, 2008. The 2008 Act stipulates formulation of suitable welfare schemes for unorganised workers on matters relating to: (i) life and disability cover, (ii) health and maternity benefits, (iii) old age pro..

Government of India vide their Notification no. 2652 dated November 8, 2016 have withdrawn the Legal Tender status of ₹ 500 and ₹ 1,000 denominations of banknotes of the Mahatma Gandhi Series issued by the Reserve Bank of India till November 8, 2016. This is necessitated to tackle counterfeiting Indian banknotes, to effectively nul..

My dear citizens  I hope you ended the festive season of Diwali with joy and new hope. Today, I will be speaking to you about some critical issues and important decisions. Today I want to make a special request to all of you. You may recall the economic situation in May 2014 when you entrusted us with an onerous responsibility. In the context of BR..