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Tuesday, October 25, 2011

President of India’s Diwali Greetings

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Presidents Secretariat

PIB

President of India’s Diwali Greetings


The President of India, Smt. Pratibha Devisingh Patil, has sent her greetings to fellow countrymen on the occasion of Diwali.

In her message, the President has said, “On the festive occasion of Diwali, I express my greetings and best wishes to all my fellow citizens. May the festival of lights dispel darkness and gloom and bring joy, happiness and prosperity to the people of our country”.

One per cent Interest Subvention on Housing Loans upto Rs.15 lakh with cost of the house not exceeding Rs.25 lakhs

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Ministry of Finance

PIB

One per cent Interest Subvention on Housing Loans upto Rs.15 lakh with cost of the house not exceeding Rs.25 lakhs

The Union Cabinet today approved the proposal under 1% interest subvention on housing loan scheme liberalising the limit of housing loan upto Rs.15 lakh where cost of the house does not exceeding Rs.25 lakh from the present limit of Rs.10 lakh and Rs.20 lakh respectively, and designating National Housing Bank (NHB) as the Nodal Agency (NA) for implementing the scheme both for Scheduled Commercial Banks and Housing Finance Companies.

A budgetary provision of Rs.500 crore has been made for the financial year 2011-12 for implementing the scheme.

RBI’s Today Monetary Policy Announcement would help in getting us back to a more Comfortable Inflation Situation soon: FM

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Ministry of Finance

PIB

RBI’s Today Monetary Policy Announcement would help in getting us back to a more Comfortable Inflation Situation soon: FM

The Union Finance Minister Shri Pranab Mukherjee has said that the today’s monetary policy announcement by Reserve Bank of India (RBI) would help in getting us back to a more comfortable inflation situation soon while leaving scope for growth to pick up in the second half of current fiscal year.

Final recommendations of the Wage Boards for Working Journalists and Non-journalist Newspaper Employees of Newspaper Establishments and News Agencies

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Cabinet

PIB

Final recommendations of the Wage Boards for Working Journalists and Non-journalist Newspaper Employees of Newspaper Establishments and News Agencies

The Union Cabinet today approved the final recommendations of the Wage Boards along with certain corrections and rectifications carried out under Section 12(1) of the Working Journalists and other Newspaper Employees (conditions of Service) & Miscellaneous Provisions Act, 1955.

The Government had earlier constituted two Wage Boards in May 2007.

The Chairman of the Wage Boards, Justice G.R. Majithia submitted the final report to the Government on 31st December, 2010.



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