Search For "undertaking"
Ban on LOUs/LUTs to impact trade facilitation and ease of doing business:
Updated : 8 years, 2 months ago IST
New Delhi [India], Mar 15 (ANI-NewsVoir): Anil Khaitan, President, PHD Chamber of Commerce and Industry expressed his disappointment over RBI's announcement on discontinuation of Letters of Undertaking (LoUs) and Letters of Comfort (LoCs) for trade credits for imports into India as it will i
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RBI discontinues LOUs/LOCs issuance for trade credit for imports
Updated : 8 years, 2 months ago IST
New Delhi [India], Mar 13 (ANI): The Reserve Bank of India (RBI) on Tuesday announced discontinuation of the issuance of Letters of Undertaking (LOUs) and Letters of Comfort (LOCs) for trade credit for imports with immediate effect.
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'Finance Ministry writes to Hong Kong banks over PNB LOUs'
Updated : 8 years, 3 months ago IST
New Delhi [India] Feb 23 (ANI): Finance Ministry has written to Hong Kong branches of four Indian banks that received letters of undertaking (LoUs) from Punjab National Bank (PNB), said sources on Friday.
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Nirav Modi aide Vipul Ambani was aware of fraud LoUs: CBI
Updated : 8 years, 3 months ago IST
Mumbai (Maharashtra) [India] February 22 (ANI): The Central Bureau of Investigation (CBI) on Thursday said Head of Finance Department of Firestar Group of Companies of Nirav Modi, Vipul Ambani was fully aware of the fraudulent and illegal Letter of Undertakings (LoUs), in connection with the
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PNB fraud: LoU granted against fixed commission, reveals CBI
Updated : 8 years, 3 months ago IST
New Delhi [India], Feb 18 (ANI): Punjab National Bank officials (PNB) arrested in connection with the fraudulent transaction scam were sanctioned fixed commission for granting Letters of Undertaking (LoU), the Central Bureau of Investigation (CBI) revealed on Sunday.
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Axis bank writes to BSE over disclosure requirements in Nirav Modi fraud c
Updated : 8 years, 3 months ago IST
New Delhi [India], Feb 15 (ANI): In wake of the fraud being detected by Punjab National Bank (PNB), Axis Bank on Thursday wrote to National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), notifying the Buyer's Credit transactions it has undertaken with PNB.
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PNB identifies lenders over LoU's issued in Nirav Modi fraud case
Updated : 8 years, 3 months ago IST
New Delhi [India], Feb 15 (ANI): It has emerged that the fraudulently issued Letters of Undertaking (LoUs) from the Mumbai branch of Punjab National Bank (PNB) were in favour of Hong Kong branches of Allahabad Bank and Axis Bank, that helped facilitate Rs 280.7 crore fraud by jewellery desig
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Won't use potable water for ground maintenance in IPL: MCA to HC
Updated : 8 years, 4 months ago IST
Mumbai [India], Jan 27 (ANI): The Mumbai Cricket Association (MCA) on Saturday gave an undertaking to Bombay High Court, stating it will not use potable water for watering the pitch or in other maintenance work of the Wankhede stadium, during the upcoming 11th edition of the Indian Premier L
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Railway Ministry to hold 'Mega Conclave' tomorrow
Updated : 8 years, 4 months ago IST
New Delhi [India], Jan 16 (ANI): In a major initiative to ensure expeditious implementation of Railway Infrastructure Development Plans, Ministry of Railways will be organising a 'Mega Conclave' on Wednesday with all stakeholders including leaders of the construction industry.
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Delhi HC seeks Centre's reply on plea challenging Haj guidelines
Updated : 8 years, 4 months ago IST
Delhi [India], Jan 3 (ANI): The Delhi High Court on Wednesday sought the Centre's response on the PIL challenging the Haj policy that allegedly barred people with disability from undertaking the annual Haj pilgrimage.
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Union Home Secretary takes stock of NRC draft in Assam
Updated : 8 years, 5 months ago IST
Guwahati (Assam) [India], Dec 28 (ANI): The National Register of Citizens (NRC) has grabbed the headlines as it is a crucial undertaking by the Government of Assam in ensuring rights of the people.
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Railways repairing ageing assets with focus on safety agenda
Updated : 8 years, 6 months ago IST
New Delhi [India], November 26 (ANI): In a bid to implement the passenger safety agenda, the Northern Railway staff has been undertaking necessary repairs and rehabilitation to infrastructure and fixed assets, Northern Railways said on Sunday.
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