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RBI/2015-2016/407 DCBR. CO. BPD.BC. No. 16/16.05.000/2015-16   All Banks   Dear Sir/Madam   Inclusion in the Second Schedule to the Reserve Bank of India Act, 1934 – ..

Centre committed to Employment Security, Wage Security and Social Security to every Worker:Shri Bandaru Dattatreya  Amendment to bonus act doubled benefit amount with enhanced reach    The Governments paramount priority is the Welfare of Workers an..

The Income Declaration Scheme, 2016 incorporated as Chapter IX of the Finance Act 2016 provides an opportunity to all persons who have not declared income correctly in earlier years to come forward and declare such undisclosed income(s).   Under the Scheme, such income as declared by ..

The Union Cabinet yesterday approved the National Intellectual Property Rights (IPR) Policy that will lay the future roadmap for intellectual property in India. The Policy recognises the abundance of creative and innovative energies that flow in India, and the need to tap into and channelise these energies towards a better and brighter future for all. p styl..

Dialysis and Renal Transplantation are two treatment options for patients with end stage renal disease condition. As per available information, transplantation is usually the first line of treatment for such patients.  As compared with dialysis, Transplantation is considered more effective in improving the quality of life. p style="text-align: justify;"..

The present Government has taken various decisions and steps to curb the menace of black money both within and outside the country in last two years. Some of the major decisions and actions taken in this regard are given below:   1. Sustained steps taken for curbing black..

The Ministry of Shipping, in accordance with the Government's commitment to do away with obsolete laws which hinder efficient governance, has notified the final rescinding of the following six rules under the Merchant Shipping Act, 1958:  i) Merchant Shipping (Safety Convention Certificates) Rules, 1975,  ii) Merchant Ship..

Statistics pertaining to private Provident Fund Trusts is not maintained Centrally. However, State-wise details of establishments which have been granted exemption under the Employees’ Provident Funds & Miscellaneous Provisions (EPF & MP) Act, 1952 to maintain their own Provident Fund Trusts is at enlisted. &n..

Reserve Bank of India (RBI) has released a Charter of Customer Rights, which enshrines broad, overarching principles for protection of bank customers and enunciates the ‘five’ basic rights for bank customers, that I s, (i) Right to Fair Treatment, (ii) Right to Transparency, Fair and Honest Dealing, (iii) Right to Suitability, (iv) Right to Privacy, and ..

IDEX Legal presents the 13th edition of The Legal Counsel Congress and 5th edition of IDEX Legal Awards   Mumbai, 22nd April: In association with Thomson Reuters, IDEX Legal curated the 13th edition of The Legal Counsel Congress (LCC) and 5th edi..

The Government has notified a minimum pension of Rs. 1000/- per month to the pensioners under Employees’ Pension Scheme (EPS), 1995 vide Notification No. G.S.R. 593 (E), dated 19th August, 2014 effective from 01.09.2014 for the year 2014-15 which is continued beyond March, 2015 without any break.  However, no proposal is under considerat..

The Government of India had constituted an Inter-Ministerial Group (IMG) for identifying gaps in the existing regulatory framework for deposit taking activities and to suggest administrative / legislative measures, including formulation of a new law, to cover all relevant aspects of ‘Deposit Taking’. IMG has finalized its Report and has suggested enactme..

The Government is committed to tackle the menace of unregulated ponzi deposit-taking schemes and take action against the offenders. The Ministry of Corporate Affairs has ordered investigations through Serious Fraud Investigation Office (SFIO) under Section 235 of the Companies Act, 1956 and Section 212 of the Companies Act, 2013 into the affairs of 187 companie..

As per the National Crime Records Bureau (NCRB) data, a total number of 9038, 10709 and 10050 cases have been registered under the Dowry Prohibition Act, 1961 during 2012, 2013 and 2014 respectively. Similarly, a total number of 8233, 8083 and 8455 cases were registered of Dowry Death in the country during 2012, 2013 and 2014 respectively.  All t..

Presently as on April 2016, 33 States/UTs are implementing NFSA and subsidised foodgrains are being provided to 72.45 crore beneficiaries (approx. 14.8 crore households). This is a big change from only 11 States/UTs, which  started implementation of NFSA by March 2014. The remaining States of Kerala, Tamil Nadu and Nagaland are also in an advanced stage of p..