Indian Railway released a book, titled ‘India Junction – A Window to the Nation’. The book has been brought out by Public Relations Directorate, Railway Board. The book has been edited...
RBI has barred Indian companies from raising money from subsidiaries of Indian banks overseas via the External Commercial Borrowings (ECBs) to refinance their rupee loans. Thus, Indian companies will...
In the latest released Forbes ‘Global 2000’ list, Mukesh Ambani-led Reliance Industries leads the set of 54 Indian companies in the annual list of the world’s 2000 largest...
Rupay, India’s own payment gateway was launched to compete with networks such as Visa and Mastercard. The indigenous network will work on ATMs and merchant outlets and help...
India’s aviation regulator DGCA granted flying license or Air Operator’s Permit (AOP) to the new airline AirAsia India. AirAsia India plans to have a 10-aircraft fleet within a...
The RBI gave relief to borrowers as it directed banks not to levy any penalty on individual borrowers for pre-payment of floating loans. The central bank has barred...
The constitutional validity of Right to Education Act (RTE Act) has been upheld by the Supreme Court. RTE Act mandates that 25% seats in all schools be reserved for...
As per the guidelines issued by the RBI, minors above 10 years of age have been allowed to open and operate independently savings bank account and use other...
The RBI has asked banks not to impose penalties on customers who don’t maintain a minimum balance in any dormant account as part of a consumer protection initiative. A...
Surging Non-Performing Assets (NPAs) have rendered public sector banks such as State of India (SBI), Punjab National Bank (PNB) and Canara Bank unfit to take deposits from non-government...
