Wednesday, July 2, 2014
Now financial cushion for victims of online fraud
RBI’s new directive says customers will only be liable for fraud due to password theft to the extent of Rs 10,000. The bank has to make good the rest of the amount.
India seeks info on secret accounts from Switzerland
Makes a fresh request seeking bank details and names of Indians having unaccounted money in Swiss banks. A Swiss government official had recently said that the country is ready to cooperate proactively with India to share details on untaxed assets.
Maharashtra okays 16 pc quota for Marathas, 5 pc for Muslims
Election bonanza for Marathas and Muslims who will get preferential treatment in government jobs and education institutions.
DU Vice Chancellor scraps undergraduate programme
Govt defers decision on natural gas prices by 3 months
33 per cent quota for women in Gujarat Police
Women constitute hardly 4 to 5 per cent of Gujarat's police force presently.
Web-portal to curb LPG black-marketing
The new portal called “LPG transparency portal” carries details of booking and delivery date, LPG usage patterns, subsidies and details about distributors and other information affecting consumers.
Easy visa, more power for Bangladesh
Bangladeshi nationals below 13 and above 65 years of age would be eligible for five-year multiple entry visas to India as against the current period of one year. Additional 100 MW of power from the Palatana project in Tripura to Bangladesh.
China to set up industrial parks in India
The parks are expected to include special economic zones and manufacturing zones.
Punjab govt launches round-the-clock health helpline
Will assist people, particularly in rural and interior areas, in getting information on health problems and access to a qualified doctor.
Power Grid okays Rs 5.5K cr investments in 4 years
The investment will help upgrade networks including strengthening of the transmission corridor for independent power producers.
More interest-free loan to sugar mills
Loan of up to Rs 4,400 crore and hike in import duty on sweetener will help the cash-starved industry
Excise duty sop for auto, consumer goods extended to Dec 31
Government hopes the extension will help revive the economy.
Government okays Rs.12,500 crore transmission projects
Will benefit Haryana, Chhattisgarh, Uttar Pradesh, Madhya Pradesh and Maharashtra by enabling high capacity 765 kv lines carrying up to 2,100 MW each and construction of new 765/400kv sub-stations.
RBI sets time frames for approvals
The licence to banks for operations will be granted within three months while fund-raising through initial public offering, a preferential issue or qualified institutional placements will be done within 30 days.
Narmada authority slammed for shoddy canal work
Madhya Pradesh High Court slams Narmada Valley Development Authority (NVDA) for shoddy construction of irrigation canals connected to Omkareshwar and Indira Sagar dams. Orders compensation for farmers who incurred crop losses because of the incomplete canal work.
Committee to make Nagaland Development Zone project viable
Will review existing State laws and liberalise entry of, and investment from, non-Nagas and other investors in the development projects.
Surat CCTV to be replicated in two areas of Delhi
Delhi Police will implement the ''Business Area Watch Scheme'' on the lines of Surat CCTV surveillance network in Dariba Kalan and Greater Kailash areas of the capital.
This is a review of important policy news from June 22-29, 2014