BANKING REGULATIONS ACT 1949 The Banking Regulation Act was passed as the Banking Companies Act 1949 and came into force wef 16.3.49. Subsequently it was changed to Banking Regulations Act 1949 wef 01.03.66. Summary of some important sections is provided hereunder. The section no. is given at the end of each item. For details‚ kindly refer the bare Act. * Banking means accepting for the purpose of lending or investment of deposits of money from public repayable on demand or otherwise and withdrawable
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What are the key reasons for Government regulation of the private sector? In an economy there are two sectors‚ the public and private. The private sector‚ by definition‚ is the part of a nation’s economy that isn’t controlled by the government.(Investorwords). Several business organizations make up the private sector with the three basic ones being sole proprietorships‚ partnerships‚ and corporations. Most are for profit and part of that profit goes to the government in the form of taxes. The
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reckless driver. For that moment‚ you demonstrated self-regulation; you wanted to slap him‚ but you chose and managed to restrain yourself from doing so. Self-regulation is a complex process that involves initiating‚ inhibiting‚ or modulating the following aspects of function: (1) internal feeling states (the subjective experience of emotion); (2) emotion-related cognitions (thoughts about what one wants to one’s interpretation of a situation; (3) emotion-related physiological processes (heart rate
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tobacco regulation is more important than allowing states to set their own standards for tobacco regulation. Tobacco use has been proven to be an addictive carcinogen and therefore its regulation should be viewed as a natural rights issue because it threatens the health and safety of the individuals protected under the constitution of the united states. Tobacco use and regulation is a moral issue. Economic pressures would prevent states from mandating and upholding an unbiased regulation standard
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Is fast food the new tobacco? Should government further regulate fast food advertisements as done with tobacco advertisements? On June 22 of 2010‚ over ten years of intensive planning from the FDA would finally result in the extensive regulation of the $89 billion tobacco industry. Although the newly created laws could not illegalize nicotine or tobacco‚ the FDA was given vast authority to regulate the ingredients in tobacco products as well as the way they were sold‚ distributed‚ and marketed
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Century‚ where the influence of British institutions was a key driving force. The end of that period was marked by the 1890s depression which saw a major rationalisation of Australia’s financial institutions. The start of the modern era of financial regulation can be traced back to the introduction of banking legislation in 1945 and the establishment of Australia’s first central bank. In more recent times‚ Australia has seen two major waves of financial reform. The first wave‚ in the1970s and 1980s
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1 Introduction 1-1. Purpose This regulation prescribes the policies and responsibilities of command. It provides guidance covering military discipline and conduct‚ precedence of rank‚ and the military Equal Opportunity (EO) Program. 1-2. References Required and related publications and pre-scribed and referenced forms are listed in appendix A. 1-3. Explanation of abbreviations and terms Abbreviations and special terms used in this regulation are listed in the glossary. 1-4. Responsibilities
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Insurance Regulation in the Commonwealth Caribbean has emerged from custom‚ based on the principles and policies of the English Common Law. Insurance allows for the protection of an event or thing against risk of loss or damage‚ by another party‚ such as an insurance company‚ which agrees to compensate its equivalent in occurrence of the event. The importance and relevance of its regulation‚ sourced in legislation‚ judicial decisions‚ and regulations issued by insurance commissions‚ are clearly shown
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protected as a form of free speech have historically been the biggest sources of controversy surrounding the regulation of pornography. In the United States‚ laws that have attempted to answer these questions as well as regulate access to pornography have changed as societal mores have evolved and the means of pornography distribution have become more pervasive. The motives behind the regulation of pornography are diverse. The most prevalent contemporary
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RBI is ...... 1) Montek Singh Ahluwalia 2) Raghuram Rajan 3) K.C.Chakrabarthy 4) Sumithra Chaudhuri 5) Diwakar Guptha 2. Raghuram Rajan belongs to ........ 1) Tamilnadu 2) Andhra Pradesh 3) Madhya Pradesh 4) UP 5) Assam 3. Raghuram Rajan was the former Chief Economist of ................ 1) RBI 2) UNO 3) IMF 4) ADB 5) SBI 4. Who among the following never served as Governor of RBI? 1) James Taylor 2) Bengal Rama Rau 3) Pranab Mukherjee 4) C.Ranga Rajan 5) Manmohan Singh 5. Which
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