For violating regulatory norms, IRDA imposed penalty on Canara HSBC Oriental Bank of Commerce Life Insurance Company Ltd and Anand Rathi Insurance Brokers.
Union Ministry of Coal on 17 December 2014 notified the draft rules for e-auction of 92 cancelled coal mines in first phase fixing a floor price of 150 rupees per tonne..
RBI imposed monetary penalty on ICICI bank and Bank of Baroda for violation of its instructions regarding norms on KYC and AML.
RBI increased RTGS (real time gross settlement) business hours from 7.30 hours to 12 hours.
The Cabinet Committee on Economic Affairs (CCEA) on 10 December 2014 approved the implementation of the Tea Development and Promotion Scheme of the Tea Board.
Union Cabinet approved to set up of 500 crore rupees Credit Guarantee Fund for factoring of Micro, Small and Medium Enterprises.
The Union Government on 5 December 2014 divested its 5 percent stake in Steel Authority of India Ltd (SAIL).
SBI launched two indices to track manufacturing activity and offer forward-looking economic trends.
The Reserve Bank notified reviewed Foreign Direct Investment (FDI) policy in railways infrastructure and Defence sectors.
RBI notified norms to set up Trade Receivables Discounting System (TReDS) trading platform for micro, small and medium enterprises receivables.
The move would help in achieving the objective of limiting cash transactions in the system.
Air India signed a MoU with NBCC for monetization of surplus land assets of the national carrier.
DIPP issued Press Note 10 of 2014 series to relax the FDI norms for the construction development sector. DIPP is under the Union Ministry of Commerce and Industry.
To facilitate process of mine sale, the Union Cabinet approved bill on coal block auctions to replace the Coal Mines (Special Provisions) Ordinance, 2014.
The Union Cabinet approved Regional Rural Banks (Amendment) Bill, 2013 that seeks amendments in the Regional Rural Banks (RRBs) Act, 1976.
RBI in its fifth bi-monthly monetary policy statement kept the policy rates unchanged.
The Reserve Bank of India eased gold imports and scrapped 20:80 scheme.
The system will help consumers pay multiple bills like electricity, telephone and school fees at a single point of transaction.
RBI to sell 12000 crore rupees government bonds through OMO to squeeze the liquidity in the market.
RBI released guidelines for Licensing of Payments Banks that will allow mobile firms and supermarket chains, among others, to enter the banking arena.
RBI issued norms final norms for payment banks and small finance banks. The move aims at deepening financial inclusion and boost saving habits.
State Bank of India (SBI) Mutual Fund will launch Shariah Equity Fund which is aimed at attracting investments from Muslim population of India.
WGC and IIMA set up India Gold Policy Centre to conduct research on all aspects of the domestic gold industry.
SEBI directed FPIs to ensure compliance with all necessary norms of FPI Regulations before issuing P-notes with immediate effect.
The order of de-recognition will be applicable with immediate effects.
OECD maintained that to achieve 6.6 percent growth, India needs to revive manufacturing activities.
Indian Renewable Energy Development Agency Ltd ( IREDA) and US Exim Bank signed a Memorandum of Understanding (MOU) with respect to cooperation on clean energy investment.
Merchandise exports declined by 5 percent to 7-month low of 26 billion US dollars in October 2014 resulting into widening of trade deficit to 13.3 billion US dollars in October 2014.
Union Coal Ministry constituted high-level inter-ministerial committee to ensure smooth allocation of 204 cancelled coal blocks.
International Finance Corp (IFC) on 11 November 2014 issued 10 billion rupee Masala bond to fund infrastructure development.