What is the status of PIL hearing in Jharkhand high court? Anyone here has any idea?
Banknotes issued prior to 2005 to be withdrawn: RBI Advisory The Reserve Bank of India has today advised that after March 31, 2014, it will completely withdraw from circulation all banknotes issued prior to 2005. From April 1, 2014, the public will be required to approach banks for exchanging these notes. Banks will provide exchange facility for these notes until further communication. The Reserve Bank further stated that public can easily identify the notes to be withdrawn as the notes issued before 2005 do not have on them the year of printing on the reverse side.
The Reserve Bank has also clarified that the notes issued before 2005 will continue to be legal tender. This would mean that banks are required to exchange the notes for their customers as well as for non-customers. From July 01, 2014, however, to exchange more than 10 pieces of `500 and `1000 notes, non-customers will have to furnish proof of identity and residence to the bank branch in which she/he wants to exchange the notes.
The Reserve Bank has appealed to the public not to panic. They are requested to actively co-operate in the withdrawal process.
Further to RBI above Press Release dated January 22, 2014 on the subject and in response to the queries raised, the Reserve Bank of India (RBI) clarifies that the rationale behind its move to withdraw banknotes printed prior to 2005 is to remove these banknotes from the market because they have fewer security features compared to banknotes printed after 2005. It is standard international practice to withdraw old series notes.
The RBI has already been withdrawing these bank notes from the market in a routine manner through banks. In Reserve Bank's view, the volume of the banknotes printed prior to 2005 today, still in circulation, is not significant enough to impact the general public in a large way. However, it advises that the members of public may initiate the process of exchanging notes at bank branches at their convenience. Further, even July 1, 2014 onwards, members of public can exchange any number of these old series notes from the bank branches where they have their accounts.
The RBI assures that it will continue to monitor and review the process of withdrawal of old series notes so that the public is not inconvenienced in any manner. Regardless of the above, the RBI reiterates that the notes printed prior to 2005 will continue to be legal tender.
match hi dekh lo yaro waise toh tym pass ho nahi raha 😞 😞
puys...just called IBPS helpline no....a lady picked d call n said they dont have any exact information but result will be published soon....check d site regularly
I. Foreign Direct Investment (FDI)
Q. 1. What are the forms in which business can be conducted by a foreign company in India?
Ans. A foreign company planning to set up business operations in India may:
Incorporate a company under the Companies Act, 1956, as a Joint Venture or a Wholly Owned Subsidiary.
Set up a Liaison Office / Representative Office or a Project Office or a Branch Office of the foreign company which can undertake activities permitted under the Foreign Exchange Management (Establishment in India of Branch Office or Other Place of Business) Regulations, 2000.
Q.2. What is the procedure for receiving Foreign Direct Investment in an Indian company?
Ans. An Indian company may receive Foreign Direct Investment under the two routes as given under:
i. Automatic Route
FDI is allowed under the automatic route without prior approval either of the Government or the Reserve Bank of India in all activities/sectors as specified in the consolidated FDI Policy, issued by the Government of India from time to time.
ii. Government Route
FDI in activities not covered under the automatic route requires prior approval of the Government which are considered by the Foreign Investment Promotion Board (FIPB), Department of Economic Affairs, Ministry of Finance. Application can be made in Form FC-IL, which can be downloaded from http://www.dipp.gov.in/. Plain paper applications carrying all relevant details are also accepted. No fee is payable.
The Indian company having received FDI either under the Automatic route or the Government route is required to comply with provisions of the FDI policy including reporting the FDI to the Reserve Bank. as stated in Q 4.
Q.3. What are the instruments for receiving Foreign Direct Investment in an Indian company?
Ans. Foreign investment is reckoned as FDI only if the investment is made in equity shares , fully and mandatorily convertible preference shares and fully and mandatorily convertible debentures with the pricing being decided upfront as a figure or based on the formula that is decided upfront. Any foreign investment into an instrument issued by an Indian company which: gives an option to the investor to convert or not to convert it into equity or does not involve upfront pricing of the instrument as a date would be reckoned as ECB and would have to comply with the ECB guidelines.
The FDI policy provides that the price/ conversion formula of convertible capital instruments should be determined upfront at the time of issue of the instruments. The price at the time of conversion should not in any case be lower than the fair value worked out, at the time of issuance of such instruments, in accordance with the extant FEMA regulations [the DCF method of valuation for the unlisted companies and valuation in terms of SEBI (ICDR) Regulations, for the listed companies].
Q.4. What are the modes of payment allowed for receiving Foreign Direct Investment in an Indian company?
Ans. An Indian company issuing shares /convertible debentures under FDI Scheme to a person resident outside India shall receive the amount of consideration required to be paid for such shares /convertible debentures by:
(i) inward remittance through normal banking channels.
(ii) debit to NRE / FCNR account of a person concerned maintained with an AD category I bank.
(iii) conversion of royalty / lump sum / technical know how fee due for payment or conversion of ECB, shall be treated as consideration for issue of shares.
(iv) conversion of import payables / pre incorporation expenses / share swap can be treated as consideration for issue of shares with the approval of FIPB.
(v) debit to non-interest bearing Escrow account in Indian Rupees in India which is opened with the approval from AD Category €“ I bank and is maintained with the AD Category I bank on behalf of residents and non-residents towards payment of share purchase consideration.
If the shares or convertible debentures are not issued within 180 days from the date of receipt of the inward remittance or date of debit to NRE / FCNR (B) / Escrow account, the amount shall be refunded. Further, Reserve Bank may on an application made to it and for sufficient reasons permit an Indian Company to refund / allot shares for the amount of consideration received towards issue of security if such amount is outstanding beyond the period of 180 days from the date of receipt.
Q.5. Which are the sectors where FDI is not allowed in India, both under the Automatic Route as well as under the Government Route?
Ans. FDI is prohibited under the Government Route as well as the Automatic Route in the following sectors:
i) Atomic Energy
ii) Lottery Business
iii) Gambling and Betting
iv) Business of Chit Fund
v) Nidhi Company
vi) Agricultural (excluding Floriculture, Horticulture, Development of seeds, Animal Husbandry, Pisciculture and cultivation of vegetables, mushrooms, etc. under controlled conditions and services related to agro and allied sectors) and Plantations activities (other than Tea Plantations) (c.f. Notification No. FEMA 94/2003-RB dated June 18, 2003).
vii) Housing and Real Estate business (except development of townships, construction of residen tial/commercial premises, roads or bridges to the extent specified in Notification No. FEMA 136/2005-RB dated July 19, 2005).
viii) Trading in Transferable Development Rights (TDRs).
ix) Manufacture of cigars , cheroots, cigarillos and cigarettes , of tobacco or of tobacco substitutes.
So where are those FAKE BABA LOG 
who were saying monday ko result aayega😠😠😠😠........
All my friend those who want to comment on them can Say on this Post 🍻🍻🍻🍻 in Sudh Hindi aur angreezii ( for English People ) 
......
Can MBA Finance Guys apply for the SO posts released by PNB ???
Puys plz confirm ....(they hv mentioned PGDM in banking and finance )
sometimes advertisements can be very confusing:
some old man asking in a Kirana store :
bhaia ye manforce ki coffee dedo , nescafe to saalo se pi rahe hai 👼👍👏😁
gen 84 ,avg interview...very much tensed as i am now not able to concentrate on my current job...
pls guys help me out...also applied for ibps SO, exam is on 8th feb...yr koi hope hai is baar
pls reply genuinely...
Bhai India Phir haar gaya.. 😞
Midnight tak PO result ka wait karo fir early morning uth ke match dekho aur dono waste.. 😠😠😠😠😠😠
Hello guys, Bank IT officer experienced person interview, what all professional stuff do they expect us to know? Please suggest exact topics to prepare. I am really confused..
guys my interview was at koti hyderabad. my interview was as follows....
1st mem: tell ur name & qualification
answered
1st mem; what is ur subject in mba finance
answered
1st mem; what is difference between balance sheet & p n l account
answered
1st mem; what term comes in liability side of p n l accont
answered but he was not satisfied. i was also not sure about answer
1st member; if u are a exportor and u r taking loan from govt & any bank. what is difference
answered with tax prospect but not satisfied
2nd mem; tell about some ratios, like debt - equity etc
answered
2nd mem; what is intangible asset
answered and he was satisfied
3rd mem; score
answered 71
i am obc, btech electrical, mba finance & banking. what is my chances. please reply
LOL OF YESTERDAYS RAGA & MR-INDIA-WANt-to-KNOW ARNAB Goswami
ARNAB: What came first? The chicken or the egg??
RaGa: We want to empower the chicken and give RTI to the egg.
HE HEEEEEE
Guys I have heard that even after you're selected in results after interview, it does not guarantee you a seat. How true is that ? Have been told by some of the ex-IBPS aspirants 😐
BREAKING NEWS: kejriwal to sit on a dharna n hamilton against dhoni... he wants refrendum before selecting the team
any news on results...........somebody called today to the big recruiting agency!!!!!
Shri Rahul Gandhiji's Interview
called FCI..... they said "abhi kuchh nhi hua ..tym lgega"😠😠😠😠😠😠😠😠