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Page-7 of Archives: April, 2016

Nomination Facility

The Nomination Facility is a statutory provision in the banking system that allows an account holder to appoint a person (nominee) who is entitled to receive the proceeds...

April 27, 2016

Non-Competitive Bidding (G-Secs)

Non-Competitive Bidding in Government Securities (G-Secs) is a specialised mechanism introduced to encourage wider participation of retail investors and small institutions in the government bond market. In the...

April 27, 2016

Non-Convertible Debentures (NCDs)

Non-Convertible Debentures (NCDs) are long-term debt instruments issued by companies to raise funds from the market, carrying a fixed rate of interest and a specified maturity period, without...

April 27, 2016

Non-Cumulative Fixed Deposit

A Non-Cumulative Fixed Deposit is a traditional term deposit product offered by banks and financial institutions in which interest is paid out at regular intervals instead of being...

April 27, 2016

Non-Deliverable Forward (NDF)

A Non-Deliverable Forward (NDF) is a cash-settled forward contract used in foreign exchange markets where the underlying currency is not physically delivered at maturity. Instead, settlement takes place...

April 27, 2016

Non-Official Directors

Non-Official Directors are members of the board of directors of banks and financial institutions who are not part of the executive management or government bureaucracy. In the context...

April 27, 2016

Lobsang Sangey re-elected as PM of Tibetan Government-in-exile

The Tibetan government-in-exile has re-elected Lobsang Sangey (48) as the Prime Minister for a second consecutive term. The election result was announced by the Tibetan election officials in...

April 27, 2016

Union Government makes panic button, GPS compulsory in all mobiles

The Union Government has made mandatory for mobile manufacturers to add in-built panic button and global positioning system (GPS) in all phones from January 1, 2017 and 2018...

April 27, 2016

Naval detachment set up at Lakshadweep’s Androth Island

The Southern Command of the Indian Navy has inaugurated a naval detachment at Androth Island of the Lakshadweep archipelago. The naval detachment seeks to strengthen maritime security in...

April 27, 2016

Shyam Benegal Committee Recommendations on the functioning of Censor Board

The Shyam Benegal headed committee constituted by the Union Information and Broadcasting (I&B) Ministry has submitted its report to Union I&B minister Arun Jaitley. The committee was tasked...

April 27, 2016

Union Railway Ministry to set up Rs 1 lakh crore Rashtriya Rail Sanraksha Kosh

The Union Railway Ministry has decided to create a 1 lakh crore rupees safety fund named Rashtriya Rail Sanraksha Kosh to strengthen safety measures on the rail network...

April 27, 2016

Heart of Asia conference begins in New Delhi

The Heart of Asia (HoA) conference began in New Delhi with the objective of bringing peace and stability to Afghanistan. The conference was attended by officials of a...

April 27, 2016