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27 April

Other countries like US, Russia may soon follow Jan Dhan Yojna model

News JanDhan Yojna is soon going to be a worldwide template for achieving rapid financial inclusion. The Financial Action Task Force, a global anti-terror financing agency, has given initial approval to a paper by India on how it achieved the task in a few months while adhering to know your ...

27 April

Operation Maitri: Earth Quake rescue in Nepal

News A team comprising of ministers , senior officials from ministries of Home, Defence, External Affairs and NDMA today left for Nepal to coordinate rescue and relief operations in the quake-hit country. Since the communication lines down and the disaster in Nepal making things unmanageable, India is sending UAVs to Kathmandu ...

24 April

Investment upto 5% of EPFO corpus in stock markets allowed

News Labour ministry has notified the new investment pattern for the Employee Provident Fund Organisation (EPFO). The new pattern allows the retirement fund body to invest 5% of its incremental income in Exchange Traded Funds (ETFs) from the current financial year. The limit of investment in ETFs, starting from 1% ...

24 April

Modi Government ready with Contingency Plans for a weak monsoon

• The Modi government is prepared to insulate farmers from the expected weak monsoon by providing cheap seeds, encouraging drought-resistant crops and preparing relief measures if the crucial rainy season disappoints rural India for the second year in a row. • Agricultural ministry is prepared with contingency plans for 580 ...

22 April

Poland announces “Go India” Program

News Ambassador of India, Ajay Bisaria, participating in a panel discussion at the India-Central Europe economic meeting, welcomed ”Go India” as a strong compliment to ”Make in India”. He also announced that Poland had been included in the next phase of India’s e-visa scheme. This would further facilitate business engagement. On ...

22 April

Stapled Visa Issue resolved after 5 years: China

News Moving beyond its earlier emphasis on Jammu & Kashmir being a “disputed” area, China has agreed to host India’s Northern Army Commander this year, a visit that went on hold five years ago after Beijing insisted on issuing stapled visa to the officer because J&K came under his command. ...

22 April

Investment via P-Notes surges to $43 billion

News Investments into Indian markets through participatory notes (P-Notes) has surged to the highest level in over seven years at Rs 2.72 lakh crore (over USD 43 billion) at the end of March 2015. P-Notes, mostly used by overseas HNIs (High Networth Individuals), hedge funds and other foreign institutions, allow ...

22 April

Government to auction marginal fields owned by ONGC, Oil India

News The government will soon auction 69 small and marginal oil fields of state-owned ONGC and Oil India to private firms as a precursor to a full fledged licensing round. The Oil Ministry has floated a note for Cabinet Committee on Economic Affairs (CCEA) for auctioning of the fields that ...

22 April

IRFC may raise Rs 6,300 crore via rupee-denominate bonds abroad

News Indian Railways Finance Corp may become the first domestic entity to sell offshore rupee-denominated bonds after RBI allowed this in its April 7 monetary policy. The finance wing of the Indian Railways could raise as much as Rs 6,300 crore through such an offer as it seeks to generate ...

22 April

Railway launches mobile app for paperless unreserved tickets

News Moving ahead in line with digital India, railways today launched mobile application for paperless unreserved tickets. Railway Minister Suresh Prabhu introduced from here the mobile app for paperless unreserved ticketing for commuters in Egmore and Tambram suburban sections in Chennai under Southern Railway zone. It was a budget proposal ...

TimeLine Layout

April, 2015