RBI has imposed a monetary penalty of Rs.1 crore on IndusInd Bank for non-compliance with certain directions issued by RBI on 'RBI (KYC) Directions, 2016'.
The Cabinet Committee on Economic Affairs chaired by Prime Minister Narendra Modi approved the computerisation of Primary Agricultural Credit Societies (PACS) with a budgetary outlay of Rs 2,516 crore.
Commonly known as the 'anti-defection law', it has meant to arrest the practice of legislators from changing political affiliations during their term in office
EXAMIANS