Ministry issues the draft Merchant Shipping Bill, 2020
The Ministry of Ports, Shipping, and Waterways have issued a draft of the Merchant Shipping Bill, 2020 with all updated International Maritime Organisation Conventions, to which India is a party and invited the public for their comments on the bill. The Merchant Shipping Bill, 2020 has been drafted to promote the growth of the Indian…
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The Lakshmi Vilas Bank Ltd. to operate as DBS Bank India Ltd.from November 27, 2020
Today,Reserve Bank Of India in a Press Release announced the merger of Lakshmi Vilas Bank with DBS Bank. The announcement said that the “Government of India has today sanctioned the Scheme for the amalgamation of the Lakshmi Vilas Bank Ltd. with DBS Bank India Ltd.” According to the report, the amalgamation will come into force…
Bank holidays 2021 in Gujarat State under NI Act
Bank holidays in India are declared as public holidays under explanation to section 25 of the Negotiable Instrument Act 1881. The holiday declared under NI Act is applicable exclusively to the banks located within the administration area of specific State and Union Territory. In the other States and Union territories where it is not a…
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