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English Release 2-March 2015
Date Month Year
  • President's Secretariat
  • President of India to present the standard to 21 SQN & 116 HU of Indian Air Force
  • Min of Agriculture
  • Siraj Hussain Assumes Charge as Secretary, Department of Agriculture and Cooperation
  • Ashok Kumar Angurana assumes Charge as Secretary, Department of Animal Husbandry, Dairying and Fisheries, Ministry of Agriculture
  • Min of Civil Aviation
  • No Proposal to Privatize Airports
  • Min of Coal
  • Coal to Liquid Pilot Project
  • Production of Coal from Underground Mines
  • Min of Commerce & Industry
  • Index of Eight Core Industries (Base: 2004-05=100), January, 2015
  • Cement Industry Should Grow by 20-25 Percent over the next three Decades – DIPP Secretary
  • Min of Consumer Affairs, Food & Public Distribution
  • Ram Vilas Paswan asks CWC to gear up for Make in India program
  • Min of Defence
  • 12th Air Force Civilians Inter-Command Football Tournament comes to an end
  • Min of Food Processing Industries
  • Shri Ranglal Jamuda Assumed Charge as Secretary, Ministry of Food Processing Industries
  • Min of Human Resource Development
  • Steps Towards Reducing Dropout Rate of Students
  • Incentives for Girl Students
  • Career-Oriented Short Term Courses in Universities and Colleges
  • Min of Micro,Small & Medium Enterprises
  • Products under MSME Sector
  • Promotion of Cottage Industries
  • Make in India Policy for MSME Sector
  • Grading System for MSME Sector
  • Promotion of MSME Clusters
  • Promotion of Traditional Industries
  • Promotion of Manufacturing Sector
  • Research and Development by KVIC
  • Financial Assistance for MSME
  • Min of New and Renewable Energy
  • Encouragement of Solar Power Projects
  • Encouragement of Solar Power Projects
  • Establishment of Solar Power Plants
  • Clean Energy Co-Operation Between India and US
  • Electricity from Paddy Straw
  • Min of Petroleum & Natural Gas
  • Cess on Petroleum Products
  • Shale Oil and Gas
  • LPG Distributors/ Retailers in J&K
  • Cash Subsidy Scheme for LPG
  • Bharat Stage Auto Fuels
  • Daily Crude oil price of Indian Basket was US$ 59.85/bbl on 27.02.2015
  • Budget proposals 2015-16 for Petroleum & Natural Gas sector
  • Min of Power
  • Ultra Modern Super Critical Coal Based Thermal Power Technology
  • Ministry of Railways
  • Development of Railway Infrastructure with State Cooperation
  • ‘Go India’ Smart Card for Train Tickets
  • Provision of Safe Drinking Water at Stations
  • Use of Non-Conventional Energy Sources in Railways
  • New Line Projects on Indian Railways
  • Redevelopment of Railway Stations to International Standards
  • Development of Multi Functional Complexes on Railways
  • Suresh Prabhu Launches Passenger Friendly ‘Customer Complaint Web Portal and Mobile App’
  • Min of Road Transport & Highways
  • Committee Set up to Formulate Safety Standards for Car Manufactures
  • Government Fast on Execution of Road Projects
  • Government Determined to Check Road Accidents
  • Min of Science & Technology
  • National Science Day Awards
  • Min of Shipping
  • Proposal for 101 More National Waterways
  • Government to Set up INW TG
  • Min of Social Justice & Empowerment
  • Meeting of UN-ESCAP working Group on the Asian and Pacific Decade of Persons with Disabilities Gets Underwa
  • Ministry of Tourism
  • Foreign Tourist Arrivals during the period January-December 2014 grow by 7.1%, as compared to a growth of 5.9% during January-December 2013
  • 50 circuits have been identified across India for the development of tourism
  • Min of Urban Development
  • Delhi Development Authority’s role to be Revisited in the Context of Development Needs of Delhi
  • Min of Youth Affairs and Sports
  • Information to be hoisted mandatorily by IOA & NSFs on their Websites

Previous Date

 
Ministry of Finance29-November, 2012 17:44 IST
Rules on Loan Recasts

After the Second Quarter Review of Monetary Policy 2011-12 by the Reserve Bank of India (RBI), a Working Group (WG) was constituted under the Chairmanship of Shri B. Mahapatra, Executive Director, RBI to review the existing prudential guidelines on restructuring of advances by banks/financial institutions and suggest revisions taking into account the best international practices and accounting standards.

The Working Group had representation from a few select banks. Further, the report of the Working Group was placed on the website of the Reserve Bank for comments of all stakeholders including banks.

Given the larger objectives of financial stability and keeping in view international best practices to ensure that banks have sufficient provisioning buffer, RBI has announced, in its second review of Monetary Policy, to raise the provision for restructured standard accounts from the existing 2 percent to 2.75 per cent.

To address the issue of rise in NPAs and restructured advances of banks and with a view to improving effective information sharing among banks on credit, derivatives and unhedged foreign currency exposures, banks are advised to put in place, by end-December 2012, an effective mechanism for information sharing. Any sanction of fresh loans/ad-hoc loans/renewal of loans to new or existing borrowers with effect from January 1, 2013 should be made only after obtaining/sharing necessary information. Banks have been advised that non adherence to these instructions would be viewed seriously by RBI and banks would be liable to action including imposition of penalty wherever considered appropriate.

The compliance to the above regulatory and supervisory measures are aimed at reducing growth in NPAs and restructured advances by banks are being closely monitored by the RBI on an ongoing basis.

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

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