Norms

  • Sebi clears new corporate governance norms, mutual fund policy 13-02-2014 06:15 PM

    To exhort listed companies and their top executives to follow 'good business practices', regulator Sebi on Thursday cleared new corporate governance norms that require them to justify CEO salaries, put in place whistle-blower policies and have orderly succession plans. The new norms were cleared by the Sebi board on Thursday...
  • Coal-using petha units shut down in Agra for flouting environmental norms 01-02-2014 05:41 PM

    A dozen petha-making units in this city of the Taj were shut down late Friday after they were found to be flouting environmental norms, district authorities said on Saturday. Last week Divisional Commissioner Pradeep Bhatnagar visited the area and advised the petha (a sweet) unit owners to shift outside the...
  • New PAN allotment norms put on hold; old procedure to continue 30-01-2014 10:24 PM

    New Delhi: New norms for issuance of PAN card requiring verification of original documents have been put on hold with the Finance Ministry on Thursday announcing that the existing procedure will continue. "The Central Board of Direct Taxes (CBDT) has decided to keep in abeyance the decision to change the...
  • AAP government faces flak over 'Delhi most polluted city' tag 29-01-2014 03:58 PM

    New Delhi: The Aam Aadmi Party government in Delhi has come under severe criticism from environmentalists following a report which found Delhi as the world's most polluted city - ahead of Beijing. Environmentalist Sunita Narain has alleged the Delhi government is doing nothing to put pollution checks in place. She...
  • Government relaxes admission norms for calamity-hit children 20-11-2013 11:36 PM

    Directives to this effect were issued by Chief Secretary Subhash Kumar while presiding over a meeting of Uttarakhand Boarding Schools Committee in Dehradun on Tuesday evening, an official release said. Rajiv Gandhi Navoday Vidyalayas are being run in all the 13 districts of the state in which a total of...
  • General Motors guilty of corporate fraud, says government panel 22-10-2013 07:49 AM

    New Delhi: General Motors has been found guilty of corporate fraud by a government appointed panel. The panel says that General Motors had violated engine testing norms for 1.26 lakh MPV vehicle Tavera between 2005 and 2011. The government of India is likely to take action on this shortly. (More...
  • Don't use currency notes for making garlands: RBI 12-09-2013 03:27 PM

    Mumbai: Making garlands of currency notes, a practice followed in Indian marriages and political rallies, has been sought to be discouraged by the Reserve Bank. "The Reserve Bank of India has appealed to members of public not to use banknotes for making garlands, decorating pandals and places of worship or...
  • RBI tightens home loans norm, asks banks to link disbursal to construction 03-09-2013 07:51 PM

    Mumbai: The Reserve Bank of India on Tuesday asked banks to link the disbursal of home loans to stages of construction to protect the interests of buyers and contain the fallout of "innovative" housing financing schemes. "In view of the higher risks associated with such lump-sum disbursal of sanctioned housing...
  • New steel import norms will dent capacity utilisation, say experts 13-08-2013 01:31 AM

    The recent government notification to ease steel import norms will not only increase inward shipment of the metal, but also add to woes of domestic firms battling demand slowdown, industry experts said on Monday. The industry called for an urgent review of the decision, saying the quality of domestic steel...
  • India Inc hails relaxation in multi-brand retail norms 02-08-2013 12:31 AM

    New Delhi: Hailing government's announcement to relax investment norms in multi-brand retail and raising FDI caps in several sectors, India Inc on Thursday said reforms were "much-needed" and will boost the confidence of foreign investors which will help in reviving the economy. "These reforms were much-needed," industry chamber CII said....
  • ICPA accuses Air India of arbitrarily altering A320 operating norms 17-07-2013 11:59 AM

    Mumbai: Indian Commercial Pilots Association has sent a letter to the Civil Aviation Minister citing concerns over a procedure change in Air India. Air India has changed the flight operating procedures for narrow-body A320 aircraft stating that the acceleration altitudes should be brought down. The pilots say that Air India...
  • RBI penalises 22 banks for violating KYC norms 15-07-2013 02:17 PM

    New Delhi: The Reserve Bank of India on Monday penalised 22 banks for violating Know Your Customer norms and imposed penalties ranging from Rs 50 lakh to Rs 3 crore. The RBI has absolved them of money laundering charge saying there is no prima facie evidence against them. The RBI...
  • My book's on the clash between the old and the new: Chander Suta Dogra 05-07-2013 04:49 PM

    This is the true story of the honour killing of Manoj and Babli and its aftermath. In this painstakingly researched book, Chander Suta Dogra recreates how the couple eloped, breaking the taboo of same-caste marriage, and was seized and brutalized by the girl's people, with their bodies being eventually dumped...
  • Uttarakhand: Did green norm violations lead to massive destruction? 28-06-2013 03:32 PM

    New Delhi: After the Uttarakhand disaster, questions are now being asked about the repeated violations of environmental norms. In fact the Ministry of Environment and Forest has made adverse observations about several projects in the state. Experts say in some cases every rule in the book was ignored. Chief Minister...
  • Govt approves Rs 650 crore penalty on Bharti Airtel 25-06-2013 02:45 PM

    New Delhi: Telecom Minister Kapil Sibal is learnt to have approved levying of Rs 650 crore penalty on Bharti Airtel for violating roaming norms in 13 service areas between 2003 and 2005. "The Minister has approved penalty of Rs 650 crore on SLD (subscriber local dialing) matter," a Telecom Ministry...
  • Aadhar will bring transparency in the banking sector: Latha Venketesh 20-06-2013 06:13 PM

    With successive Cobrapost sting operations revealing widespread violation of RBI guidelines and rules by state-owned banks, private Indian banks and even foreign banks, how can the system be streamlined so that the banks tow the line? CNBC-TV18's banking editor Latha Venkatesh joined IBNLive readers for an interaction on the issue....
  • Cobrapost expose: RBI penalises Axis, HDFC, ICICI banks 10-06-2013 06:41 PM

    Mumbai: Three private banks, caught in the Cobrapost sting operation, have been let off the hook with paltry penalties. The Reserve Bank of India on Monday imposed penalties on Axis, ICICI and HDFC banks after a sting operation by online magazine Cobrapost exposed many loopholes. RBI imposed a penalty of...
  • Over 30 banks flouting prescribed guidelines: RBI audit report 30-05-2013 11:54 AM

    Mumbai: India's banking system is not as strong as expected. An RBI report shows that over 30 banks have failed to follow or enforce various prescribed rules and guidelines. CNBC-TV18 has accessed the report of the audits instigated by the RBI after the Cobrapost expose, which shows that 30 banks,...
  • DoT likely to slap Rs 650 cr demand notice on Airtel 29-05-2013 09:35 PM

    New Delhi: The Department of Telecom is likely to slap a demand notice of Rs 650 crore on Bharti Airtel for allegedly violating licence norms on subscriber local dialing (SLD) services. "DoT this week has approved imposition of demand notices of financial penalty of Rs 500 crore and Rs 100...
  • I-T dept issues notices to ICICI, Axis, HDFC banks 28-05-2013 09:59 PM

    New Delhi: Income Tax department has issued notices to three top private lenders in the country - ICICI Bank, Axis Bank and HDFC Bank - in connection with alleged money laundering charges levelled by online portal Cobrapost. The department has asked these banks to produce documents for verification as part...
  • Money laundering: NABARD gives clean chit to cooperative banks 19-05-2013 02:22 PM

    Mumbai: Amid allegations of cooperative banks being used as conduits for money laundering, NABARD, which jointly regulates such lenders, has said that it has found no shortcoming pointing towards any such activity. "Every year we do an inspection and we have not found anything like that," National Bank for Agriculture...
  • Will tweak KYC norms if required: RBI Dy Gov Chakrabarty 23-04-2013 03:15 PM

    Mumbai: RBI Deputy Governor KC Chakrabarty on Tuesday said the central bank may introduce some corrective measures in KYC norms as an when necessary to check any "transaction-level aberrations" in the functioning of banks. "System is good, there is no problem. There are... (at the) transactional level, some aberration will...
  • New PF norms will reduce your takehome salary 20-04-2013 01:08 PM

    New Delhi: Decks have been cleared for clubbing of allowances with basic pay for PF deductions under the EPFO scheme, a move that will increase savings but reduce take-home pay of over five crore subscribers. A review committee, constituted to look into the nitty-gritty of clubbing of allowances with basic...