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Cyber Laws in IT & ITES

With the phenomenal and enormous growth of Internet specialized branch of Law called Cyber Law.

Immigration & Emmigration

When a person enters a new country for the purpose of establishing permanent residence and ultimately gaining citizenship , it is called

Immigration.But the residence of immigrants is subject to the conditions set by the Immigration Law.

Banking in India

The first Bank in India was established in 1786. It was the General Bank of India. In 1865, the Allahabad Bank came into existence which was established exclusively by the Indians. The Reserve Bank of India came in 1935. The Government of India has taken certain measures to regulate the banking institutions in India which includes: (a) Enactment of Banking Regulation Act in 1949, (b) Nationalization of State Bank of India in 1955, (c) Nationalization of SBI subsidiaries in 1959, (d) Insurance cover extended to deposits in 1961, (e) Nationalization of 14 major banks in 1969, (f) Creation of credit guarantee corporation in 1971, (g) Creation of regional rural banks in 1975 and (h) Nationalization of seven banks with deposits over 200 crore in 1980. Nationalization has given a strong boost to the public confidence about the sustainability of the banking institution in India with a rise of approximately 800% in deposits and 11,000% as advances in the branches of the public sector banks. A new phase in the development of the Indian Banking System came with the advent of Indian Financial & Banking Sector Reforms after 1991. Banking practices have been liberalized. New products and facilities have been introduced in the Banking Sector for the convenience of the customers which includes ATM Stations, Phone Banking and Net Banking. In 1935, the Reserve Bank of India ( http://www.rbi.org.in/) was constituted with the purpose of regulating the issue of banknotes, maintaining reserves with a view to securing monetary stability and to operate the credit and currency system of the country to its advantage. All the important functions of a central bank have been entrusted upon the Reserve Bank of India by the Reserve Bank of India Act, 1934. The Reserve Bank of India was nationalized in 1949. http://finmin.nic.in/