Dr.Nandita Chatterjee has taken charge as the new Secretary in the Ministry of Housing & Urban Poverty Alleviation (HUPA). She will succeed Anita Agnihotri who was transferred to the Department of Social Justice and Empowerment in recent secretary-level bureaucratic reshuffle. Prior to this appointment Dr.Nandita Chatterjee was a Member-Secretary of National Commission for Women (NCW).
Madhya Pradesh has been awarded the 10th national award for excellent work in Mahatma Gandhi National Rural Employment Guarantee Act (MNREGA). Union Rural Development Minister Virendra Singh presented the award to state’s Panchayats and Rural Development Minister Gopal Bhargava at the MGNREGA summit held on the occasion of MNREGA Divas (observed on 2 February) in New Delhi.
Madhya Pradesh was chosen for this award for convergence of MGNREGA scheme and other schemes, which led to permanent construction of assets and providing opportunities for earning permanent income.
Indian Railway Catering and Tourism Corporation (IRCTC) has launched cash on delivery (CoD) system for rail ticketing. With this initiative, passengers can now book a rail ticket online and get it delivered at home where the payment can be made. IRCTC has launched this CoD scheme on pilot basis. Initially, this service will be available in more than 200 cities.
Passengers can book a rail ticket 5 days prior to commencement of journey. But CoD scheme will charge additional Rs 40 for the delivery of each Sleeper Class ticket, Rs 60 for an AC class ticket. In this case, passengers can book tickets on IRCTC mobile application or on web-portal BookMyTrain.com. IRCTC has authorized Anduril Technologies through their web-portal (BookMyTrain.com) to provide CoD services.
The Reserve Bank of India (RBI) has announced sixth Bi-Monthly Monetary Policy Statement. In its bi-monthly monetary policy statement, RBI has not changed its main lending rate i.e.Repo Rate and cash reserve ratio (CRR). But changed statutory liquidity ratio (SLR) of scheduled commercial banks.
On the basis of an assessment of the current and evolving macroeconomic situation, RBI has been decided to:
Earlier on 15 January 2015, RBI had changed repo rate by 25 basis points from 8.0 percent to 7.75 percent.
As per United Nations Conference of Trade and Development (UNCTAD) report, China has overtaken the United States (US) as the top destination for foreign direct investment (FDI). US was on top as foreign investment destination for past 11 years i.e. since 2003.
The Reserve Bank of India (RBI) in its monetary policy review has enhanced the limit for foreign exchange (FOREX) remittances under Liberalised Remittance Scheme (LRS) to $250,000 (Rs. 1.5 crore) per person per year. This limit was doubled compared to earlier limit of $125,000 per person per year.
Under the LRS, Indians can open, maintain and hold foreign currency accounts with banks outside India for carrying out transactions, without permission from the RBI.
RBI has taken this decision after reviewing the external sector outlook as India’s foreign exchange reserves touched all-time high at $322.135 billion in mid-January 2015 and further exercise in macro prudential management.
Earlier in 2013, RBI had reduced the limit for FOREX remittances under this scheme to $75,000 as the rupee came under strong pressure. But later, in June 2014, it was again raised the limit to $125,000 (Rs. 75 lakh).
Acclaimed Indian sculptor and artist Mrinalini Mukherjee has passed away in New Delhi. She was 65. She was best known for her sculptures, crafted using knotted hemp ropes and cast bronzes.
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