Fema / RBI - Page 20

RBI permits payment of coupon on AT1 bonds from statutory reserves

Basel III capital regulations are yet to be fully implemented. Total regulatory capital for Banks comprises of Tier 1 capital (Common Equity Tier 1 and Additional Tier 1) and Tier II capital. RBI has come up with yet another amendment widening the scope of ‘Distributable Items’ for making the coupon payments in case of Perpetual Debt...

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Posted Under: Fema / RBI |

Demonetisation: 156 bank officials found involved in money laundering

On the basis of prima facie involvement in irregularities relating to demonetisation, Public Sector Banks (PSBs) are so far reported to have placed 156 officials under suspension and to have transferred 41 officials....

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Posted Under: Fema / RBI |

Demonetisation of old notes after months of discussion with RBI: Govt

The matter to demonetise currency was under discussion and consultation with RBI for several months preceding 8th November, 2016. The Government in a letter dated 7th November, 2016 requested RBI to consider cancellation of legal tender character of Rs. 500 and Rs. 1000 denomination with the objective to eliminate black money...

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Lok Sabha passes bill for cessation of RBI’s /CGs liabilities on Specified bank notes

Bill No. 16-C of 2017 (07/02/2017)

Following persons holding specified bank notes on or before the 8th day of November, 2016 shall be entitled to tender within grace period with such declarations or statements, at such offices of the Reserve Bank or in such other manner as may be specified by it, namely:—...

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Amendment to Pradhan Mantri Garib Kalyan Deposit Scheme

1. S.O. (07/02/2017)

Pradhan Mantri Garib Kalyan Deposit Scheme notified vide Notification No. S.O.4061 (E). dated December 16, 2016 and amendment vide Notification No. S.O. 204(E) dated January 19, 2017....

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Software updation in Banks: Need of the hour for common man

In this digitilsed era still BANKS ARE NOT IN A POSITION to convey their customers on attaining the senior age that senior age benefits can be extended hence visit bank to understand on this....

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Posted Under: Fema / RBI |

Demonetisation: To Deify or Demonize?

Demonetisation has been a radical, unprecedented step with short term costs and long term benefits. The liquidity squeeze was less severe than suggested by the headlines and has been easing since end-December 2016. A number of follow-up actions would minimize the costs and maximise the benefits of demonetisation....

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Post demonetization Cashless transaction to milk producers/farmers increases to 72.25%

Percentage of milk producers/farmers with bank accounts increase from 49.27% to 63.42% after demonetization Cashless transaction to milk producers/farmers increases from 23.82% to 72.25% after demonetization Consequent upon the Central Governments decisions of demonetization, certain unintended impacts have been observed especially in the...

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RBI releases revised draft directions on Commercial Papers (CPs)

Chief General Manager Press Release: 2016-2017/2072 (06/02/2017)

Commercial Papers (CPs) were introduced to enable corporate borrowers to diversify their sources of short-term borrowings as also to provide an additional instrument to investors. ...

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ASSOCHAM seeks full transmission of interest cuts, post- note ban

ASSOCHAM has impressed upon the central bank and the Finance Ministry to ensure adequate transmission of cuts in the interest rates even as the industry would seek at least 50 -75 basis point reduction in the benchmark lending rates, post demonetization....

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Posted Under: Fema / RBI |
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Latest RBI / FEMA News

Check out all the latest news on RBI together with all the important RBI notifications, RBI circulars, RBI rates including top stories on FEMA Act and FEMA Regulations only at Taxguru.com

The RBI (Reserve Bank of India) is India’s Apex bank which governs the banking regulations in the country and controls all the monetary policies of the country. It began its operations 1st of April 1935 at the time of British Rule as per the provisions laid down in the Reserve Bank of India Act, 1934. After India’s independence on 15th August 1947, the Reserve Bank of India was nationalized on 1st January 1949.

Reserve Bank of India is an independent monetary authority that regulates banks and offers important financial services such as controlling inflation, maintaining foreign exchange reserves, and providing monetary policy report. It plays a significant role in developing strategies of the Indian Government.

The FEMA Act (Foreign Exchange Management Act) is an Act constituted by the Indian Parliament for consolidating and amending the law related to foreign exchange for facilitating the external trade and payments and also for encouraging orderly maintenance and development of foreign exchange market in the country. This act was passed in the year 1999 during the winter session which replaced the previous Foreign Exchange Regulation Act (FERA). The FEMA Regulations makes offenses with respect to foreign exchange civil offenses.This Act extends and is applicable for the entire nation. FEMA Act allowed a new regime for foreign exchange management that is consistent with the World Trade Organization’s emerging framework.

At Taxguru, we provide you with all the RBI latest news, RBI circulars, RBI notifications and all the updates with respect to FEMA Act and FEMA regulations. We keep you posted with all the latest updates on RBI rates and RBI rate charts. At Taxguru, our team ensures we publish all the latest RBI news. Bookmark us to get all the latest news on RBI and FEMA.