News and Articles

Reserve Bank of India imposes Rs 20 million penalty on Punjab National Bank

Submitted by dhananjay on Wed, 03/27/2019 - 22:46

Mumbai : As per the press release from the Reserve Bank of India (RBI), it has imposed by an order dated February 25, 2019, a monetary penalty of ₹ 20 million (Rupees Twenty Million) on Punjab National Bank for non-compliance with various directions issued by the Reserve Bank of India (RBI) on time-bound implementation and strengthening of SWIFT-related operational controls.

India Joins Select Group of Nations, Destroys Live Satellite in Low Earth Orbit

Submitted by dhananjay on Wed, 03/27/2019 - 22:25

New Delhi : Defence Research and Development Organisation (DRDO) today successfully conducted an Anti-Satellite (A-SAT) missile test ‘Mission Shakti’ from the Dr AP J Abdul Kalam Island in Odisha. A DRDO-developed Ballistic Missile Defence (BMD) Interceptor Missile successfully engaged an Indian orbiting target satellite in Low Earth Orbit (LEO) in a ‘Hit to Kill’ mode. The interceptor missile was a three-stage missile with two solid rocket boosters. Tracking data from range sensors has confirmed that the mission met all its objectives.

Advisory on fraudulent websites of Kisan Urja Suraksha evam Utthaan Mahabhiyan (KUSUM) Scheme

Submitted by dhananjay on Mon, 03/18/2019 - 20:08

New Delhi : The Government of India has recently approved scheme for farmers for installation of solar pumps and grid connected solar power plants. Administrative Approval for the scheme has been issued by the Ministry of New & Renewable Energy (MNRE) on 08.03.2019. DISCOMs and State Nodal agencies shall be implementing this scheme for which the detailed guidelines will be issued shortly.

MCA releases national guidelines on responsible business conduct

Submitted by dhananjay on Wed, 03/13/2019 - 23:19

New Delhi : Ministry of Corporate Affairs has revised the National Voluntary Guidelines on Social, Environmental and Economic Responsibilities of Business, 2011 (NVGs) and formulated the National Guidelines on Responsible Business Conduct (NGRBC). These guidelines urge businesses to actualise the principles in letter and spirit.