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English Release 5-March 2015
Date Month Year
  • President's Secretariat
  • Writers/Artists in Residence Programme 2015 to be held in Rashtrapati Bhavan from MARCH 7 – 21, 2015

  • Closure of Mughal Gardens on account of Holi
  • President’s Holi greetings
  • Vice President's Secretariat
  • Vice President greets citizens on Holi
  • Prime Minister's Office
  • Leander Paes and Martina Hingis call on PM
  • PM's remarks on the occasion of dedication to the nation of Stage 1 of Shree Singaji Thermal Power Plant at Khandwa
  • PM greets the people on the festival of Holi
  • Department of Space
  • Launch of PSLV-C27 with IRNSS-1D postponed
  • Election Commission
  • Biennial Election to Elect 5 Members to the Andhra Pradesh Legislative Council by the Members of the Legislative Assembly
  • Min of Agriculture
  • Sowing Area Under Rabi Rice and Summer Pulses And Oilseeds
  • Min of Chemicals and Fertilizers
  • Sh. Hansraj Gangaram Ahir, Union Minister of State for Chemicals and Fertilizers meets Sh. Radha Mohan Singh, Union Minister for Agriculture to discuss imbalanced use of Urea by Fertilizers
  • Min of Comm. & Information Technology
  • The Auction of Spectrum in 2015 in 2100 MHz, 1800 MHz, 900 MHz And 800 MHz Bands Continue
  • The Auction of Spectrum in 2015 in 2100 MHz, 1800 MHz, 900 MHz and 800 MHz Bands Continues
  • Min of Consumer Affairs, Food & Public Distribution
  • There will be no cut in the coverage of National Food Security Act –Shri Ram Vilas Paswan
  • Min of Defence
  • India Reaches out to Nepal to Help Clear Blocked Runway
  • Ministry of Finance
  • Gross Direct Tax Collection during April-February of the Financial Year 2014-15 is up by 10.67 Percent
  • Min of Health and Family Welfare
  • Health Secretary launches Public Service Advertisement and Poster on Tobacco Control featuring Shri Rahul Dravid
  • Health Ministry to celebrate International Women’s Day as ‘Safe Motherhood Day’: Shri J P Nadda
  • Min of Home Affairs
  • Shri Amarnathji Yatra from 2nd July to 29th August, 2015
  • Min of Human Resource Development
  • Swachh Vidyalaya Abhiyan
  • History of North East in NCERT Curriculum
  • Education to Minorities
  • Min of Law & Justice
  • Press Communique on Appointment of a Judge of the J&K High Court
  • Min of Petroleum & Natural Gas
  • Global crude oil price of Indian Basket was US$ 58.51 per bbl on 04.03.2015
  • Min of Science & Technology
  • Signing of MOA Between NRDC and CCRAS
  • Min of Women and Child Development
  • Railways to implement SOPs for restoration/rehabilitation of helpless children in contact with Railways

Previous Date

 
Ministry of Finance23-November, 2012 19:32 IST
Foreign National to Open Banks in India

As per the “Draft Guidelines for Licencing of New Banks in Private Sector” issued by the Reserve Bank of India (RBI) on 29.08.2011, only entities/groups in the private sector that are owned and controlled by residents shall be eligible to promote banks.

RBI has formulated the Know Your Customer (KYC) norms/Anti-Money Laundering (AML) standards/Combating of Financing of Terrorism (CFT) guidelines to be followed by banks, so as to prevent banks from being used, intentionally or unintentionally, by criminal elements for money-laundering or terrorist financing activities. KYC procedures also enables banks to know/understand their customers and their financial dealings better, which in-turn help them manage their risk prudently. Accordingly, all banks, including foreign banks, functioning in India have been advised to follow certain customer identification procedures for opening of accounts and monitoring transactions of a suspicious nature for the purpose of reporting it to appropriate authority, i.e. Financial Intelligence Unit-India (FIU-IND). The banks are also required to ensure that a proper Board approved policy framework on KYC/AML/CFT is formulated and implemented by them in accordance with the extant legal and regulatory framework.

This was stated by the Minister of State for Finance, Shri Namo Narain Meena in a written reply to a question in the Lok Sabha today.

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