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Sandeep Deshpande

India Signs 15 MoUs with Japan During Shinzo Abe India Visit

New Delhi  (ABC Live): Shinzo Abe India Visit : Prime Minister Narendra Modi and Japanese Prime Minister Shinzo Abe today jointly laid the foundation stone for India’s first high speed rail project between Mumbai and Ahmedabad. Speaking on the occasion, at a large public meeting in Ahmedabad, the Prime Minister spoke of the high ambition and willpower of “New India.” …

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Election Commission MoU with International Agencies

New Delhi (ABC Live): Election Commission : The Union Cabinet chaired by Prime Minister Shri Narendra Modi has approved the proposal of the Election Commission of India to enter into Memorandum of Understanding (MoU) on cooperation in the field of electoral management and administration with the Election Management Bodies of other countries/International Agencies. These are as follows: i. The National …

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RBI Recovers 99 percent of Specified Bank Notes

New Delhi (ABC Live): Specified Bank Notes :The RBI Annual Accounts for 2016-17, at note XI.6.2 Liabilities of Issue Department – Notes Issued in para (ii) mentions – “Until June 30, 2017, Specified Bank Notes (SBNs) were received by the Reserve Bank either directly or from bank branches/post offices through the currency chest mechanism.  Some of these SBNs are still lying in …

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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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