NORMS

  • RBI issues final norms for payment banks, small finance banks November 27, 2014

    Mumbai: Within months of issuing licenses for two new full-fledged banks, RBI ON Thursday issued final norms for setting up of payment banks and small finance banks for the first time in the country. The move, aimed at deepening financial inclusion, will allow entities like mobile operators, super market chains...
  • Air India violates flying norms, puts lives of passengers at risk October 28, 2014

    New Delhi: In the news yet again for wrong reasons, India's state air carrier Air India has been accused of flouting civil aviation guidelines and putting lives of hundreds of passengers at risk everyday. A month before the Unites States aviation watchdog Federal Aviation Administration (FAA), the agency that downgraded India...
  • ED not probing Flipkart mega discount sale: Official October 14, 2014

    New Delhi: Enforcement Directorate (ED) on Tuesday said it has not launched any probe into the massive discount sale by e-retail giant Flipkart last week but is continuing its earlier investigation into alleged violations of Foreign Direct Investment rules in their e-commerce business. Refuting media reports that the recent online mega...
  • Rebuked for using mobile phones, two girls commit suicide September 13, 2014

    Agartala: Two teenage girls committed suicide after their hostel superintendent and parents rebuked them for using mobile phones, police said on Saturday. Three class 10 girls of the Takarjala higher secondary school in Western Tripura were reprimanded for secretly using mobile phones which is against the hostel norms, police said. "After being...
  • CBDT rationalises norms of scrutiny of tax returns September 4, 2014

    New Delhi: The Income Tax Department has rationalised the norms for manual selection for scrutiny of tax returns to bring it in line with global best practices. As per the norms released by the Central Board of Direct Taxes (CBDT), all cases where income exceeds Rs 10 lakh over the previous...
  • SC removes restriction on the height of dahi handi pyramid, says children above 12 years of age can participate August 14, 2014

    New Delhi: In a relief for the dahi handi operators in Mumbai, the Supreme Court has removed the restriction on the height of dahi handi pyraminds. The court has also said that children below the age of 12 cannot participate in dahi handi. The Bombay High Court had banned the children...
  • Government further eases norms for entry into defence production July 8, 2014

    New Delhi: The government on Tuesday further eased the process of obtaining an industrial licence for defence production activities by doing away with the requirement of submission of an affidavit with regard to safety and security procedures. "It has been decided that the applicants for Industrial License for Defence Products would...
  • Sebi clears new corporate governance norms, mutual fund policy February 13, 2014

    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 whistleblower policies and have orderly succession plans. The new norms were cleared by the Sebi board on Thursday and...
  • Coalusing petha units shut down in Agra for flouting environmental norms February 1, 2014

    A dozen pethamaking 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 city...
  • New PAN allotment norms put on hold; old procedure to continue January 30, 2014

    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 procedure...
  • AAP government faces flak over 'Delhi most polluted city' tag January 29, 2014

    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 calamityhit children November 20, 2013

    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 2711...
  • General Motors guilty of corporate fraud, says government panel October 22, 2013

    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 updates...
  • Don't use currency notes for making garlands: RBI September 12, 2013

    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 for...
  • RBI tightens home loans norm, asks banks to link disbursal to construction September 3, 2013

    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 loans...
  • New steel import norms will dent capacity utilisation, say experts August 13, 2013

    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 multibrand retail norms August 2, 2013

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

    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 narrowbody A320 aircraft stating that the acceleration altitudes should be brought down. The pilots say that Air India did...
  • RBI penalises 22 banks for violating KYC norms July 15, 2013

    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 has...
  • My book's on the clash between the old and the new: Chander Suta Dogra July 5, 2013

    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 samecaste 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? June 28, 2013

    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 Vijay...
  • Govt approves Rs 650 crore penalty on Bharti Airtel June 25, 2013

    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 official...
  • Aadhar will bring transparency in the banking sector: Latha Venketesh June 20, 2013

    With successive Cobrapost sting operations revealing widespread violation of RBI guidelines and rules by stateowned banks, private Indian banks and even foreign banks, how can the system be streamlined so that the banks tow the line? CNBCTV18's banking editor Latha Venkatesh joined IBNLive readers for an interaction on the issue. Q....
  • Is the violation of banking norms far more widespread than believed? June 18, 2013

    After the Reserve Bank of India (RBI) fined ICICI, HDFC and Axis banks for flouting customer norms, highlighted by a Cobrapost expose, the latest sting operation by the online magazine exposes how some employees in two foreign banks in India have also been involved in accepting black money and agreeing...
  • Cobrapost expose: RBI penalises Axis, HDFC, ICICI banks June 10, 2013

    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 Rs...
  • Over 30 banks flouting prescribed guidelines: RBI audit report May 30, 2013

    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. CNBCTV18 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 May 29, 2013

    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 crore...
  • IT dept issues notices to ICICI, Axis, HDFC banks May 28, 2013

    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 of...
  • Money laundering: NABARD gives clean chit to cooperative banks May 19, 2013

    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...
  • Money laundering by banks: Will take action depending on crime, says SBI May 6, 2013

    Twenty three public sector banks, including the SBI, and insurance companies have been named in a sting operation conducted by special investigations website Cobrapost. ...