I kept insisting that Rs 100 notes were in short supply and there was an urgent need to augment the supply of 100 rupee notes while also rapidly bringing into circulation the proposed new Rs 500 notes. But this was easier said than done because all the note printing machines of the RBI were programmed for printing Rs 2,000 notes and required at least three weeks before the machines could print the new Rs 500 currency notes. The availability of currency paper posed another major bottleneck, and it had to be imported. It was decided to immediately start printing the Rs 500 notes. It was only when the supply of the new Rs 500 notes started improving and the process of change of cassettes at the ATMs gathered momentum that the situation began limping back to normal. A fascinating excerpt from former SBI chairman Rajnish Kumar's The Custodian of Trust: A Banker's Memoir, five years after demonetisation, November 8.
This follows the MoEF's final nod for diversion of 1,253 hectares of forest land for the project last Monday.
The Union ministry of environment and forests on Tuesday put out an 'update' on the integrated steel plant and captive port of Posco India Pvt Ltd, with hints at stopping the Orissa government from transferring 1,253 hectares of forest land to the company for non-compliance of conditions laid down in the final approval of land diversion given on December 29, 2009.
While three operational mines in Chhattisgarh had a capacity of 12 million tonnes (mt), six were yet to start production.
Special court was that Manmohan Singh took the "ultimate decision" as the then coal minister in allocation of the blocks.
The President may not have agreed with the government on many occasions. Not once was this ever made public -- though he told off ministers in private.
The Board of approval in the commerce ministry took these decisions along with approving two fresh proposals of Shyam Steel Industries and Limitless Properties in West Bengal and Tamil Nadu, respectively. The BoA also ratified extension of time to 23 developers, including Satyam Computer Services, for implementing tax-free enclaves in the wake of economic slowdown.
Former Jharkhand chief minister Madhu Koda, ex-Jharkhand chief secretary Ashok Kumar Basu and six others have been chargesheeted by the Central Bureau of Investigation in a coal block allocation scam case.
A central team on Monday began a probe into allegations that a radioactive contaminated United States ship has been anchored at the Alang coast in Gujarat, even as non-governmental organisations demanded a probe by the Central Bureau of Investigation into the matter.The three-member team comprising an official each from the Central Pollution Control Board, the Steel Ministry and the Atomic Energy Regulatory Board will submit its report by the end of the week.
By refusing permission for the proposed ship-breaking facility, India can send a categorical message to the foreign ship owning countries that they should keep their own waste and recycle
The levy had to come into effect from April 1. It would now be in force from July 1.
The proposed FDI of Rs 503.37 crore (Rs 5.03 billion) by ArcelorMittal, Netherlands, has been approved by the Foreign Investment Promotion Board, the finance ministry said in New Delhi.
Natural gas and fertiliser output recorded a negative growth of 1.7 per cent and 1 per cent, according to the data of the Commerce and Industry Ministry.
With an aim of boosting manufacturing and exports amid sharp fall in the rupee, the government has decided to take a slew of steps, including enhancing steel production capacity to 300 million tonnes and raising textile exports by 30 per cent this year.
With the case of missing files into the coal block allocation turning murkier, the CBI is mulling filing FIR on the issue for which officials of the agency and the coal ministry are likely to meet soon.
During April-May, growth in the eight core industries slowed to 3.3 per cent as against 4.9 per cent in the year-ago period.
The proposals under consideration include waiving the current 5 per cent Customs duty on naphtha and reducing the excise duty on mono ethyl glycol from 8 per cent to 4 per cent. The Cabinet secretariat has sought views from various ministries and departments for this package.
Each Bhabha Kavach has four hard armour plates, which protect the wearer from the front, back, and either side. It can protect CAPF personnel from 7.62 mm bullets fired from AK-47 rifles -- the chosen weapon of terrorists from Kashmir to Bastar.
The 30-share Sensex and the 50-share Nifty ended flat at the mark of 29,008 and 8,767 respectively.
The coal-bearing states shall be getting additional revenue from such coal mines.
Apart from Smriti, Ravi Shankar Prasad and Ananth Kumar took over as law and parliamentary affairs ministers respectively.
The Centre stressed that the next three weeks will be critical for the country reeling from the worst health crisis as it announced a series of measures to shore up medical infrastructure and supplies and scale up vaccination.
The Reserve Bank of India has started a review of the non-performing asset or bad loan classification norms to ease the flow of credit to corporate groups.The move follows a reference from the government and is aimed at relaxing the norms temporarily to enable companies to access funds during the economic downturn that is putting pressure on cash flows and repayment capabilities.The review has been sought by the finance ministry following appeals from various industries.
The government today said it will look into the matter relating to a ship named SS Oceanic carrying 250 tonnes of asbestos, which is reported to be heading towards the Alang shipbreaking yard in Gujarat.
Only 32 departments had prepared and submitted these plans.
Thirty-one army personnel too have been awarded the Sena (gallantry) medal.
Under attack for several files pertaining to coal block allocations going missing, Coal Minister Sriprakash Jaiswal said that he had asked officials to locate the missing papers by Tuesday and hinted the Central Bureau of Investigation may be asked to look into the case after that.
There is growing alarm at the inexorable rise of China, both of its military prowess and its aggressive bullying of other countries plus its subjugation of whole portions of its own population.
Prime Minister Manmohan Singh on Monday assured Steel Minister Ram Vilas Paswan of enhanced security, a day after a landmine blasted his security vehicle in the Maoist-infested West Midnapore in West Bengal.
This is the first coal scam case in which the special court has delivered its judgement.
On the direction of Prime Minister Narendra Modi, the Union Home Ministry is on a cleanliness drive and, in less than a month, has destroyed nearly 1.5 lakh files that had gathered dust for years.
Trump congratulated Modi on his election victory and said that the two countries would work together in many areas including military.
A raise in the I-T exemption limit has been sought by many.
Thackeray said he was in constant touch with the Centre over the issue of running more trains to ferry migrant labourers, stranded due to the coronavirus-enforced lockdown, to their native places.
A farmers' association of Tirunelveli district had filed the petition claiming that EIA was mandatory for the project to be implemented in 16,000 acres of land, of which around 3,000 acres would be on the sea shore.
The Oil Industry Safety Directorate, under the Petroleum Ministry, carries out safety audits of oil and gas installations, besides formulating and standardising procedures and guidelines for design, operation and maintenance.
Ahead of Congress President Sonia Gandhi and BJP's Prime Ministerial candidate Narendra Modi's rallies in Chhattisgarh on Wednesday, security forces averted a possible landmine explosion, as they diffused two Improvised Explosive Devices weighing 50 kg in the Dantewada area of the state.
