Month: March 2018

Union Cabinet Approves Rs 4,500 Crore To Boost Development Projects In North-East

The Union Cabinet approved Schemes of North Eastern Council (NEC) including the continuation of existing Schemes. It will boost the development projects in North-East. Four thousand five hundred crore rupees have been approved for the scheme for three years up to March 2020. The Scheme of NEC- Special Development Project will be changed to be a Central Sector Scheme with 100 percent grant. Minister of Development of North Eastern Region, Dr. Jitendra Singh told media in New Delhi that the government is committed for the development of the region and the hard work and dedication of the Prime Minister...

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Reserve Bank of India Imposes Rs 58.9 Cr Penalty On ICICI Bank

The Reserve Bank of India ( RBI) imposed a monetary penalty of Rs. 58.9 crore on ICICI Bank Limited for non-compliance with the directions issued by the RBI on direct sale of securities from its Held To Maturity (HTM) portfolio and specified disclosure in this regard. The Central Bank stated this penalty has been imposed in the exercise of powers vested with the RBI under the provisions of the Banking Regulation Act, 1949, taking into account failure of the bank to adhere to its directions/guidelines. Shares of ICICI Bank were down nearly 2 percent to Rs 278 in early morning...

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Union Cabinet approves official amendments to National Medical Commission Bill

The union cabinet has approved certain amendments to the National Medical Commission Bill, expected to replace the much criticised Medical Council Of India, following recently tabled recommendations by a parliamentary committee on the proposed legislation. The amendments include stringent punishment for quackery, removal of a bridge course that would have allowed non-allopathic doctors to practice modern medicine and regulation of fees for 50% seats at deemed universities. The government has considered recommendations made by the Parliamentary Standing Committee on Health and Family Welfare on March 20, stated a release about the cabinet approval on Wednesday. It also added that it considered...

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Indu Bhushan appointed as CEO Of Ayushman Bharat Mission

Indu Bhushan appointed as the Chief Executive Officer (CEO) of the Centre’s ambitious Ayushman Bhart National Health Protection Mission (ABNHPM). Bhushan, the Director General of East Asia Department, Asian Development Bank (ADB) in Manila, Philippines, has been appointed to the post for a period of two years. The Union cabinet chaired by Prime Minister Narendra Modi had on Wednesday approved the launch of the Ayushman Bharat mission. The scheme has the benefit cover of Rs 5 lakh per family per year. The target beneficiaries of the proposed scheme will be more than 10 crores families belonging to poor and vulnerable section. Bhushan holds a PhD...

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Cabinet approves India, UK and Ireland MoU on organised crime

The Union Cabinet chaired by Prime Minister Shri Narendra Modi has approved signing of the Memorandum of Understanding (MoU) between India and United Kingdom and Northern Ireland regarding cooperation and Exchange of Information for the Purposes of Combating International Criminality and Tackling Serious Organised Crime. India and U.K. already have an agreement concerning the investigation and prosecution of crime and the tracing, restraint and confiscation of the proceeds and instruments of crime (including crimes involving currency transfers) and terrorist funds, which was signed in 1995. Both the countries desire to further strengthen cooperation in fighting international criminality and serious...

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