Submitted by business_centrik on 06/01/2017 The country’s largest lender State Bank of India will take the lead among state-run lenders to launch branch less banking called SBI Digi Bank, something similar to what Citi or DBS have done elsewhere in the world. The Digi Bank will have a financial superstore, a market place, and end-to-end digitisation for all … Continue reading “SBI to launch its own version of digital only bank soon”

 The Governing Body, the highest decision making body of the Central Board of Secondary Education (CBSE), has approved the restoring of the board-based Class X exams on Tuesday, paving the way for return of the public exam at the end of the secondary education after seven years. The first exam will be conducted in March 2018. It … Continue reading “CBSE for making Class X board exams mandatory”

PRAGATI (Pro-Active Governance and Timely Implementation) launched last year on 25th march turned out to be very helpful as it helped in speeding up many development schemes.It has pushed 136 project involving investment of around 8 lakh crore.Every project comes with a deadline and government agencies have to stick to it.Work on projects like Nangal Dam … Continue reading “PRAGATI launched last year speeds up development schemes”

People should start believing that girls are no less than boys. A new initiative “Meri Ladli”has been started to save the girl child under BBBP, by generating a positive notion about girl child by celebrating the birth of girl child and enforcing laws and vigilance against sex determinaton and consequent abortion of childbirth with community participation.It will also … Continue reading ““Meri Ladli” a new initiative under Beti Bacchao Beti Padao”

Janani Sishu Suraksha Karyakaram started by Ministry of Health to ensure better facilities for pregnant women and new born child by providing free  ambulance services from home and drop back,free delivery/caesarean section;free drugs,diagonstics and blood transfusion and similar facilities are provided to child upto 1 year of age. This will be beneficial for those mothers who … Continue reading “Janani Sishu Shuraksha Karyakaram”

To increase awareness about BBBP scheme, various steps are being taken by state and central government.Under Beti Bachao Beti Padao Scheme, Delhi girls who were considered healthiest and happiest were given cash prizes. To increase awareness, healthy babay shows were held at 4 North-West Delhi centres, contest held were focussed on institutional delivery, full vaccination, appropriate weight … Continue reading “Beti Utsav”

A lot of schemes have been started for development in rural sector, but these schemes can achieve its target or not? “The government’s rural jobs programme is in its youth and centre will continue to push it with further allocation this year”, is what Rural Development Minister,Mr. Narendra Singh Tomar said.He also said that under rural development they … Continue reading “Rural Development is in progress”

Union Agriculture and Farmers Welfare Minister,Shri Radha Mohan Singh launched e-Nam mobile app for farmers to connect trading markets for farmers benefits.It will be a boon for all farmers as there will be flat pricing accross the country and it will benefit poor farmers as they would not be fooled anymore by commission agents. They can get … Continue reading “e-Nam mobile app for farmers”

The Government vide Notification no. 58/2016-customs dated  5th October 2016  has made amendments in Notification no. 157/1990-customs dated  28th March 1990 related to “ Exemption to Specified goods imported for display or use at any Specified event such as meetings , Exhibitions, fairs or similar show or display” For more details refer both notifications- Link of … Continue reading “Amendments in Notification no. 157/1990-Customs dated 28th March 1990”

Rate of exchange of conversion of the foreign currency with effect from 7th October, 2016 conversion.pdf

NITI Ayog will oranise its 1st global conference on National Initiative towards Strengthening Arbitration and Enforcement in India.This conference is a step to make India the next big hub for international commercial arbitration. In recent times, India has taken many steps to facilitate ease of doing business. These include a robust bankruptcy framework, a new digital … Continue reading “NITI Ayog to organize first global conference”

RBI vide its circular dated 13.11.2016 has increased the limit for exchange of Specified Bank Notes, over the counter from the existing Rs. 4000/- to Rs. 4500/-. The daily limit on withdrawal from ATMs has also been increased from the existing Rs. 2000/- to Rs. 2500/- per day in the recalibrated ATMs, other ATMs will … Continue reading “RBI revised the withdrawal limits”

Keeping in view the wedding season RBI vide its circular dated November 21, 2016 has decided to allow higher limits of cash withdrawals from their bank deposit accounts to meet wedding related expenses. However, the cash withdrawals shall be subject to the conditions as specified in the attached circular. Banks are advised to keep a … Continue reading “Cash withdrawal for purpose of celebration of wedding”

Reserve Bank of India vide its notification dated December 07, 2016 hereby withdraws the requirement by all Scheduled Commercial Banks/ Regional Rural Banks / all Scheduled Primary (Urban) Co-operative Banks / all Scheduled State Co-operative Banks, to maintain an incremental cash reserve ratio (CRR) of 100 per cent on increase in net demand and time … Continue reading “RBI withdraws the Incremental CRR”

RBI has directed that operation in dormant accounts with banks may be allowed after due diligence as per risk category of the customer. As stated therein, ‘due diligence’ would mean ensuring genuineness of the transaction, verification of the signature and identity etc. Please refer the attached circular for further details. Source: www.rbi.org.in RBI- Requirement of … Continue reading “Requirement of customer due diligence”