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Syria: Various Car blasts in Syria on Thursday had resulted in death of around 71 persons. First blast happened at Hasaka province school gate causing two deaths followed by blast at market. Syrian rebels want Army to be out and some autonomy to be granted. Conflicts occur amidst Khurd & Nusra front. Alleppo had got 30 rebels killed by the Army. Human rights observer had stated that 12 citizens are also included.
NRI/PIO: NRIs amount to 33.4 lakh in number. They are third biggest after China & Phillipines. Centre for American Progress had issued a report stating that their population had increased by 76%. The Chinese origin Americans are 41 lakh(22%) whereas Phillipines origin Americans are 35.9 lakh(19%) & NRIs are 18%.
As per the report, between 2000 & 2012, NRIs have increased by 76% whereas Phillipines original Americans had increased by 52%. Chief S.Asian population comprises of Chinese, Phillipines, Indians, Vietnamese, Koreans and Japanese. Asian Americans are inhabitants of California, ewyork, Texas, New Jersey & Hawai. India Americans are primarily 51% Hindus. Also, Bangladeshi migrants had increased by 177% during the period from 2000 to 2010.
Welcome.
Syria: Various Car blasts in Syria on Thursday had resulted in death of around 71 persons. First blast happened at Hasaka province school gate causing two deaths followed by blast at market. Syrian rebels want Army to be out and some autonomy to be granted. Conflicts occur amidst Khurd & Nusra front. Alleppo had got 30 rebels killed by the Army. Human rights observer had stated that 12 citizens are also included.
NRI/PIO: NRIs amount to 33.4 lakh in number. They are third biggest after China & Phillipines. Centre for American Progress had issued a report stating that their population had increased by 76%. The Chinese origin Americans are 41 lakh(22%) whereas Phillipines origin Americans are 35.9 lakh(19%) & NRIs are 18%.
As per the report, between 2000 & 2012, NRIs have increased by 76% whereas Phillipines original Americans had increased by 52%. Chief S.Asian population comprises of Chinese, Phillipines, Indians, Vietnamese, Koreans and Japanese. Asian Americans are inhabitants of California, ewyork, Texas, New Jersey & Hawai. India Americans are primarily 51% Hindus. Also, Bangladeshi migrants had increased by 177% during the period from 2000 to 2010.
Natural gas: It is widely believed that natural gas demand in India would increase by 2016-17 upto 55%. It could reach upto 37.8 crore standard cu.m. A study conducted by Petroleum & Natural gas board had predicted it. The natural gas demand during 2012-13 had been 24.266 crore std.cu.m. & could reach upto 37.8 crore std.cu.m. By 2021-22, it would be double & be 51.6 crore std. cu.m.
However, gas supply would not be as per demand. The domestic gas production The domestic gas production during 2012-13 was 10.11 crore std.cu.m. and could reach upto 18.2 crore std.cu.m. by 2021-22.
During next ten years, LNG imports could increase upto 18.8 crore std. cu.m. The total gas availability by 2016-17 would be 29.97 std. cu.m.
However, gas supply would not be as per demand. The domestic gas production The domestic gas production during 2012-13 was 10.11 crore std.cu.m. and could reach upto 18.2 crore std.cu.m. by 2021-22.
During next ten years, LNG imports could increase upto 18.8 crore std. cu.m. The total gas availability by 2016-17 would be 29.97 std. cu.m.
Japanese Banks: RIL had stated that it had taken loan from Japanese Banks amounting 55 crore dollars for expansion of Petrochemical & gasification unit. In another statement, it is told that Export Credit Agency had been approached for continuing expansion program since 2012-13. The amount is contributed by Japanese Banks. It is the eighth loan taken for biggest capital expansion program. The loan would be repaid in twelve years. JBIC's stake is 33 crore and other Japanese Banks would have 22 crore dollars worth stake. The Other banks include Bank of Tokyo-Mitsubishi, Sumitomo Mitsui Banking corp., Mizuho Bank & three regional Japanese Banks - Gunma bank, Hutchizuni Bank & Chiba Bank.
Times list: US prestigious magazine, Times, had conducted survey for top 100 persons who had affected positively or negatively influenced the world. While AAP's coordinator got 2,61,114 votes, Modi got 1,64,572 votes. Kejriwal had topped the list which includes famous names like Lady Gaga, Rihanna, & Katie Perry etc. In the survey, Rahul Gandhi got mere 96,070 votes. Times editor would also select popular person & it would be finalized after all considerations.
With regards,
With regards,
M.K.Pachraiya
Original_app_mssg(1) Bank license
The Reserve Bank of India did not consider the applications of industrial houses for banking licences as they failed to meet the ‘fit and proper’ criteria set by the central bank, RBI deputy governor KC Chakrabarty told The Indian Express in an interview.
“If they are not fit and proper, how can they be allowed? They would have got the licence if they had met ‘fit and proper’ criteria. There is no change in RBI’s policy for allowing industrial houses to set up banks,” the outgoing deputy governor said when asked why licences were not issued to any of industrial houses in the recent exercise. Out of 25 applications that included most of the top industrial groups in the country, only two — IDFC and Bandhan — were selected by the RBI.
He said industrial houses should not be kept away from the banking sector. “If industrial houses are allowed to open mutual funds and insurance companies, why can’t they be allowed to enter the banking business? Anybody who is ‘fit and proper’ can be given a banking licence,” Chakrabarty said. Among the ‘fit and proper’ requirements, one key aspect is the RBI seeking feedback on applicant groups on any relevant aspects from other regulators, and enforcement and investigative agencies like Income Tax, CBI and Enforcement Directorate. Many of them apparently failed this test.
Chakrabarty indicated that the central bank will come out with a discussion paper on differential banking. “The RBI will soon come out with a policy paper for allowing differential banks. We must have different types of banks,” he said.
“If it’s allowed everywhere in the world, it should be done here also,” he said. When pointed that some banks are opposing the concept of differential banking, he said, “If they are uncomfortable, they should not do the banking business. What the banks are objecting is … about certain types of banks they are not happy. Then their inefficiency will come to the fore. They will lose business. They have a vested interest,” he said. Chakrabarty’s five-year tenure will end on April 25, two months ahead of scheduled retirement.
He further said reforms, especially improvement in corporate governance norms, are necessary in the PSU banking sector. He said the Ganguly committee had clearly recommended splitting of chairman and MD posts in banks. Private banks have already implemented this proposal. “That’s why we are saying reforms are necessary. Corporate governance needs to improve. What’s good for public sector banks must be good for private sector banks. Regulation should be ownership neutral. That’s one reform that needs to be done,” Chakrabarty said.
The RBI had sent a letter to the government asking for separation of CMD post in PSU banks, but the government
rejected the proposal. “The government, as the owner of PSU banks, can’t dictate to the regulator. The government has a sovereign say. If there’s a conflict between the government and regulation, then regulation must prevail,” he said.
“All our reforms don’t take place because existing players don’t want reforms. They don’t want new players to enter their area. Banking has to be done as per regulations. Regulators should decide what type of regulation is needed. In our country, if our bankers say what type of regulation is to be done… So long as they are in the banking business, they should listen to the regulator,” he said.
Original_app_mssg(1) Bank license
The Reserve Bank of India did not consider the applications of industrial houses for banking licences as they failed to meet the ‘fit and proper’ criteria set by the central bank, RBI deputy governor KC Chakrabarty told The Indian Express in an interview.
“If they are not fit and proper, how can they be allowed? They would have got the licence if they had met ‘fit and proper’ criteria. There is no change in RBI’s policy for allowing industrial houses to set up banks,” the outgoing deputy governor said when asked why licences were not issued to any of industrial houses in the recent exercise. Out of 25 applications that included most of the top industrial groups in the country, only two — IDFC and Bandhan — were selected by the RBI.
He said industrial houses should not be kept away from the banking sector. “If industrial houses are allowed to open mutual funds and insurance companies, why can’t they be allowed to enter the banking business? Anybody who is ‘fit and proper’ can be given a banking licence,” Chakrabarty said. Among the ‘fit and proper’ requirements, one key aspect is the RBI seeking feedback on applicant groups on any relevant aspects from other regulators, and enforcement and investigative agencies like Income Tax, CBI and Enforcement Directorate. Many of them apparently failed this test.
Chakrabarty indicated that the central bank will come out with a discussion paper on differential banking. “The RBI will soon come out with a policy paper for allowing differential banks. We must have different types of banks,” he said.
“If it’s allowed everywhere in the world, it should be done here also,” he said. When pointed that some banks are opposing the concept of differential banking, he said, “If they are uncomfortable, they should not do the banking business. What the banks are objecting is … about certain types of banks they are not happy. Then their inefficiency will come to the fore. They will lose business. They have a vested interest,” he said. Chakrabarty’s five-year tenure will end on April 25, two months ahead of scheduled retirement.
He further said reforms, especially improvement in corporate governance norms, are necessary in the PSU banking sector. He said the Ganguly committee had clearly recommended splitting of chairman and MD posts in banks. Private banks have already implemented this proposal. “That’s why we are saying reforms are necessary. Corporate governance needs to improve. What’s good for public sector banks must be good for private sector banks. Regulation should be ownership neutral. That’s one reform that needs to be done,” Chakrabarty said.
The RBI had sent a letter to the government asking for separation of CMD post in PSU banks, but the government
rejected the proposal. “The government, as the owner of PSU banks, can’t dictate to the regulator. The government has a sovereign say. If there’s a conflict between the government and regulation, then regulation must prevail,” he said.
“All our reforms don’t take place because existing players don’t want reforms. They don’t want new players to enter their area. Banking has to be done as per regulations. Regulators should decide what type of regulation is needed. In our country, if our bankers say what type of regulation is to be done… So long as they are in the banking business, they should listen to the regulator,” he said.
M.K.Pachraiya
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