Zero tolerance policy in ensuring global quality standards for drug shipments: India

RBI nod for bank loan tenure upto 10 years to boost export industry

In a major boost for the export industry, the RBI has allowed banks to provide loans with tenures of up to 10 years. These loans will help exporters in ensuring capital flows to fulfil long-term contracts. Existing norms allow banks to give loans for up to one year only. In a notification issued fro...

TRAI seeks public opinion on relaxing QoS for land and mobile phones

Telecom Regulatory Authority of India has sought public opinion on relaxing fixed line and mobile phone service quality norms on issues like fault repair, false billing, response from customer care and other consumer grievances. TRAI can impose a penalty up to 10 lakh rupees per violation, if a tele...

RBI eases gold import norms; nod for select trading houses to procure from abroad <br/>

The RBI has eased gold import norms and allowed select trading houses to procure it from abroad. In a notification issued from Mumbai, the RBI said that star trading houses or premier trading houses which are registered as nominated agencies can now import gold under 20:80 scheme.Under this scheme, ...

Bharatiya Mahila Bank included in 2nd schedule to RBI Act

China signs $400 bn gas deal with Russia

China today signed a whopping 400 billion US dollar gas deal with Russia, ending decade-long negotiations as the world&apos;s second largest economy tries to reduce its reliance on coal due to heavy pollution.The gas deal was inked in Shanghai during the current visit of Russian President Vladim...

RBI: All new ATMs to be installed by banks from July to provide audible instructions, Braille keypads

All new ATMs to be installed by commercial banks from July 2014 onwards would provide audible instructions and Braille keypads to customers. The RBI today issued a directive in this regard which came on its prior advice to banks in 2009. It said, the Banks should lay down a road map for converting a...

SC deadline to AP HC on Sun-Ranbaxy merger

The Supreme Court has directed the Andhra Pradesh High Court to take a decision within two days on a plea challenging the merger of Sun Pharmaceutical with Ranbaxy. The apex court also said it will take up on May 27 the pleas of Sun Pharmaceutical and Ranbaxy challenging the Andhra Pradesh High Cour...

SC deadline to AP HC to decide on plea against Sun-Ranbaxy merger

The Supreme Court has directed the Andhra Pradesh High Court to take a decision within two days on a plea challenging the merger of Sun Pharmaceutical with Ranbaxy. The apex court also said it will take up on May 27 the pleas of Sun Pharmaceutical and Ranbaxy challenging the Andhra Pradesh High Cour...

SC gives deadline to AP HC to decide on plea against Sun-Ranbaxy merger

The Supreme Court has directed the Andhra Pradesh High Court to take a decision within two days on a plea challenging the merger of Sun Pharmaceutical with Ranbaxy. The apex court also said it will take up on May 27 the pleas of Sun Pharmaceutical and Ranbaxy challenging the Andhra Pradesh High Cour...