1) The rbi is set to allow banks to float dedicated infra funds,opening an additional window to fund country's infrastructure development. 2) Rbi has eased foreign exchange facilities for individuals.According to new norms,-NRI's can be joint holder in resident savings bank accounts and residents can be joined holder in NRI's non resident external rupee accounts. -residents can now lend to the extent of rs 200,000 through electronic transfer and cross cheques. -residents can also pay off rupee loans availed by NRI's relatives,which was earlier limited to housing loans 3)sbi has increased the size of its medium term note(MTN) programme from $5 billion to $ 10 billion. 4)bharti AXA life insurance has launched triple benefit critical illness plan.the plan wud cover 13 critical illness under 3 broad groups.The insurance cover wud be upto 3 times the sum assured under the policy. 5)jharkhand has also come under of justice MB Shah commission probing large scale illegal minning of iron and magnese ore in several states.After karnataka and goa,the commission will visit jharkhand in due course.
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