The Model Bill would bring about uniformity in the legislative provisions across the States and Union Territories. It also seeks to facilitate the ease of doing business and generation of employment opportunities across the country.
Now, the central government employees and pensioners will get a hike of at least 23.55 percent in their salaries. The rate of annual increment for employees will be 3 percent.
Vision-2018 revolve around 5 Cs – coverage, convenience, confidence, convergence and cost, which can be achieved with focus on four strategic initiatives, viz., responsive regulation, robust infrastructure, effective supervision and customer centricity.
It will put up 700 MHz band, which is used for offering high-speed broadband services, for sale for the first time at a reserve price of 11485 crore rupees per MHz pan-India.
The package includes a slew of measures which are labour friendly and would promote employment generation, economies of scale and boost exports.
The 10000 crore rupees corpus fund could potentially be the nucleus for catalyzing 60000 crore rupees of equity investment and twice as much debt investment.
The MoU has been signed for implementation additional works, which are independent of the on-going works, like Container handling facilities at Sittwe & Paletwa.
Changes introduced in the policy include increase in sectoral caps, bringing more activities under automatic route and easing of conditionality for foreign investment.
The Enforcement of Security Interest and Recovery of Debts Laws and Miscellaneous Provisions (Amendment) Bill, 2016 seeks to improve ease of doing business by fast tracking recovery of bad loans.
Apart from this, the Bharatiya Mahila Bank will also be merged with the SBI and the cabinet had cleared this proposal too.
Solar Energy Corporation of India (SECI) has been designated as nodal agency for implementation of the scheme.
The guidelines were issued with an aim to further strengthen the lenders’ ability to deal with stressed assets and to put real assets back on track.
The objective of the Memorandum of Understanding is to facilitate QIA to study investment opportunities in the infrastructure sector in India.
It will upgrade existing sections of four State roads to two lane standard and will also support improvements in the design, safety and maintenance of the network.
The prices will come into effect from effective from 1 October 2016. The higher MSPs would increase investment and production through assured remunerative prices to farmers.
The representation office will be located in the Gujarat International Finance Tec-City (GIFT City). The center will be instrumental in resolving international commercial disputes.
The total length of this new broad gauge line will be 51 kilometers.
Its services will be available across the country through 650 payments bank branches, linked post offices and alternative channels riding on modern technology.
The total of Indices of Eight Core Industries stands at 176.4 in April 2016 which is 8.5 percent more than that of April 2015. Its cumulative growth during April to March 2015-16 was 2.7 percent.
The declarations under this Scheme may be made on or before the 31 December 2016 in respect of tax arrears & specified tax.
Demonstration cities where the various initiatives for improving city bus services will be undertaken are Mira Bhayandar in Maharashtra, Chandigarh, Jaipur, and Bhopal.
India continued to remain a bright spot in world economy with robust macro-economic and fiscal parameters.
For execution of the project, 4241 crore rupees have been approved of which 3816 crore rupees will be invested for the first phase of the project which will be completed by 2020.
The decision will benefit in economies of scale for NBCC and would assist in better manpower utilization. NBCC and HSCL will benefit from each other’s resources and expertise.
This is first ever policy for Capital Goods sector with a clear objective of increasing production of capital goods from 2.3 lakh crore rupees in 2014-15 to 7.5 lakh crore rupees in 2025.
The plans to set up the branch at Gujarat is part of MoU signed between India’s EXIM Bank and IDB during Prime Minister Narendra Modi visit to United Arab Emirates (UAE) in April 2016.
The loan, from the International Bank for Reconstruction and Development (IBRD), has a 5-year grace period, and a maturity of 24 years.
These norms were passed upon recommendations of the Supreme Court- appointed SIT on black money headed by former apex court judges Justice MB Shah.
In this regard, a separate and dedicated window for grievance redressal was also launched in the Income Tax Business Application (ITBA).
The proposed consolidation will create a banking behemoth with a balance sheet size of 37 trillion rupees.
The JV company would initially be incorporated with 50:50 equity participation from both.