According to the RBI, the statutory inspection of the bank with reference to its financial position as on March 31, 2016 revealed violations of various regulations issued by RBI in the assessment of non-performing assets (NPAs) and extension of NFB facilities.
Analysts said the qualified institutional placement, combined with the capital the bank has raised through selling its stake in PNB Housing Finance earlier this month, will strengthen the bank’s capital adequacy ratio.
The new policy is particularly aimed at facilitating ease of doing business, besides employment generation, as also establishing a new ‘Make in UP’ department to derive benefits from the ‘Make in India’ scheme.
Unitech’s lawyers were not present during court proceedings on Friday morning even as the government’s law officer told the court that an advance copy of the petition was sent to the company, but it refused to accept it.
On Wednesday, the RBI fixed the MDR charges for small merchants with an annual turnover of up to Rs 20 lakh at 0.40 per cent with a cap of Rs 200 per transaction by debit cards through PoS machines or online transactions.
Power minister RK Singh said that most states participating in the conference agreed that electricity subsidies to needy consumers should only be passed on through the direct benefit transfer mechanism.
Currently, for private jet operators flying Indian registered aircraft outside the country, a precondition exists where obtaining DGCA’s permission, called as “YA number”, is mandatory before each flight to ensure that the aircraft is suitable for operations.
Affected consumers may file the application before the state screening committees if the profiteering is of local nature or standing committee on anti-profiteering if the profiteering is of all-India character, the CBEC said.