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Sandeep Deshpande

Indian Navy Sails LCU MK-IV ship into Sea

Andaman and Nicobar (ABC Live): LCU MK-IV ship  :Dr. Jagdish Mukhi, Lieutenant Governor, Andaman and Nicobar Islands, commissioned LCU MK-IV ship into the Indian Navy today at Port Blair. LCU MK-IV ship is the second Landing Craft Utility (LCU) Mk-IV class to be inducted into the Indian Navy. The ship has been indigenously designed and built by Garden Reach Shipbuilders …

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India Adopts UN Official Statistics Fundamental Principles

New Delhi (ABC Live): UN Official Statistics Fundamental Principles :  The UN Official Statistics Fundamental Principles adopted by the Government of India are as below:- Principle 1. Official statistics provide an indispensable element in the information system of a democratic society, serving the Government, the economy and the public with data about the economic, demographic, social and environmental situation. To this …

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ISRO to Use CSIR-NPL Frequency Traceability Services

New Delhi (ABC Live): CSIR-NPL Frequency Traceability Services :A Memorandum of Understanding (MoU) was signed between the ISRO Telemetry Tracking and Command Network (ISTRAC), Indian Space Research Organisation (ISRO), Department of Space and the Council of Scientific and Industrial Research (CSIR)-National Physical Laboratory (NPL), Ministry of Science and Technology, in New Delhi today. The MoU was signed by Shri V. V. Srinivasan, Director, ISTRAC on …

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Know MPLADS Funds Utilization of India

New Delhi (ABC Live): MPLADS Funds :The position of funds released and utilized during 2016-17 and 2017-18 (up to 30.06.2017) under  the Members of Parliament Local Area Development Scheme (MPLADS) is as under:- Rs. in crore Year                              Released             Utilized           Unspent Balance 2016-17                        3499.50                 3903.13               5029.28 (as on 31.03.2017) 2017-18                        716.00                     691.55               5097.15 (up to 30.06.2017)                                                                  …

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RBI Decreases Agriculture Loans Interest Rate

Mumbai (ABC Live):Agriculture Loans Interest Rate  :Reserve Bank of India (RBI) has deregulated the interest rate on advances sanctioned by Scheduled Commercial Banks and these interest rates are determined by banks with the approval of their respective Board of Directors subject to regulatory guidelines on interest rate on advances contained in RBI’s Master Direction dated 03.03.2016. Interest rates on loans …

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Non-Resident Indians May Invest in Stocks as Per Regulations

New Delhi (ABC Live): Non-Resident Indians (NRIs) can invest in India as per the following regulation of Foreign Exchange Management (Transfer or issue of Security by a person resident outside India) Regulations, 2000 dated May 3, 2000 as amended from time to time: As per Regulations 5(1), NRIs may invest in shares/Compulsorily Convertible Preference Shares (CCPS)/ Compulsorily Convertible Debentures (CCDs)/warrants/ …

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India Revives Five Closed Fertilizer Plants

New Delhi (ABC Live): Closed Fertilizer Plants : Minister of State for Road Transport & Highways, Shipping and Chemicals & Fertilizers, Shri Mansukh L.Mandaviya, in a written reply to a question on revival of closed fertilizer plants in Rajya Sabha today, informed that at present eight fertilizer public sector plants have been lying closed. Out of these closed plants presently five plants …

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India Sanctions Rs 180528 Crores for MUDRA Loan

New Delhi (ABC Live):MUDRA Loan : Loans under Pradhan Mantri Mudra Yojana (PMMY) Scheme have been extended by banks, Non Banking Financial Companies (NBFCs) and Micro Finance Institutions (MFIs) to small/micro business enterprises since April 08th 2015 with the objective of ‘Funding the unfunded’ through institutional finance by providing loans upto 10 lakh for manufacturing, processing, trading, services and activities allied …

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RBI Enforcement Department for Regulatory Compliance

Mumbai (ABC Live): RBI Enforcement Department : Reserve Bank of India (RBI) has informed that they have set up an Enforcement Department (EFD). EFD would serve as a centralised department to speed up regulatory compliance. EFD has been set up to separate those who oversee the possible rule breaches and those who decide on punitive actions so that enforcement process …

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