Tag Archives: Government

Government Permits 12 PSU Banks To Raise Rs. 3,000 Crore From Market

New Delhi: In a bid to strengthen capital base of public sector banks (PSBs), the government has allowed 12 lenders to raise nearly Rs. 3,000 crore via preferential shares over and above the Rs. 22,915 crore capital support committed to them in July last year. The Finance Ministry granted approval to 12 proposals of PSBs to raise a sum of ... Read More »

Banks Must Keep Deposits Record Of Scrapped, Valid Notes, Says Government

s New Delhi: To avoid any malpractices, the government has asked all public sector banks to strictly maintain a record of deposits made through both old Rs. 500 and Rs. 1,000 notes and other valid currencies. In a letter written to chief executive officers of public sector banks, the Finance Ministry asked that “maintenance of records regarding deposit of Specified Bank Note (SBN) and Non-SBN, as ... Read More »

Apple Said to Hold Talks With Government About Retail Stores in India

Apple Inc officials on Tuesday met Commerce Ministry top brass amid its plans to open stores in India without initially having to source components locally. According to sources, the meeting chaired by Department of Industrial Policy and Promotion (DIPP) Secretary Ramesh Abhishek lasted for almost an hour with senior officials from Apple discussing details of the new Foreign Direct Investment ... Read More »

Government Tightens Note Exchange Norms, Lowers Limit To Rs. 2,000

New Delhi: With the shock demonetisation move in the middle of marriage and sowing seasons causing hardships, the government on Thursday eased restrictions on cash withdrawals by farmers and families with upcoming weddings but more than halved the limit at Rs. 2,000 for exchange. Economic Affairs Secretary Shaktikanta Das said now families preparing for a wedding can withdraw up to ... Read More »

Cooperate With Government To Clean Up System, Says Ramdev on Demonitisation

New Delhi: Lauding the demonetisation of high denomination notes, yoga guru Ramdev on Sunday said the Narendra Modi government has dealt a severe blow to corruption, black money and terrorism and urged people to cooperate with the Centre in this endeavour to clean up the system. “By demonetising Rs 500 and Rs 1,000 denomination notes, Prime Minister Narendra Modi ‘ji’ ... Read More »

Government Mandates Indian Language Support on All Phones Sold From July 2017

Government has mandated support for Indian languages in all mobile phones to be sold in the country from July 1, 2017 onward. “In exercise of the power conferred by clause 10(1) of Bureau of Indian Standard Act… the central government, hereby includes the Indian language support for mobile phone as per IS 16333 (Part-3) to the schedule of ‘Electronics and ... Read More »

Uttar Pradesh Government to Distribute ‘Samajwadi Smartphones’

Uttar Pradesh Chief Minister Akhilesh Yadav on Monday announced that his government would soon begin the ‘Samajwadi Smartphone Scheme’ “for benefit of all sections of the society”. He also added that by rolling out world’s largest free laptop distribution scheme, the Samajwadi Party government had ushered in “Digital Democracy” in the state and express hope that the new and ambitious ... Read More »

Delhi High Court Directs Ola, Uber to Charge Government Rates From August 22

The Delhi High Court on Thursday directed app-based taxi aggregators, including Ola and Uber, not to charge more than government-fixed rates from its passangers from August 22. Justice Manmohan gave 10 days to these aggregators to comply with the Delhi government’s 2013 policy, under which these cab companies were to charge fares prescribed by the Delhi Transport Department. According to ... Read More »

Government of India allows aftermarket hybrid electric kits for old cars

In efforts to control pollution levels in Delhi, the government of India had recently banned diesel vehicles older than 10 years and has also banned the registration of diesel displacing over 2,000cc. In order to strengthen its cause, reports indicate that the government has now allowed owners to covert the old BS-II and BS-III compliant vehicle into electric hybrids. Initially, ... Read More »

Book LTC Tickets On Lowest Fare Or Face Action: Government To Staff

Representational image New Delhi: Employees who fail to buy air tickets at the lowest price available on the day while undertaking a journey on Leave Travel Concession (LTC) claim will face severe penal action, as per the draft guidelines finalised by the Centre. The move comes after the government noticed instances where some of its employees colluded with private travel ... Read More »