Fema / RBI - Page 3

Investment by FPI in Govt Securities Medium Term Framework Review

RBI/2017-18/12 A.P.(DIR Series) Circular No. 48 (03/07/2017)

Currently ‘long term’ category of FPI investors accounts for about 20% of the total investment by FPIs in Central Government securities. In order to recalibrate the Framework to meet the objective of a preference for long-term investors and also with a view to manage the macro-prudential implications of evolving capital flows, the MT...

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Master Direction: RBI (Relief Measures by banks in areas affected by Natural Calamities) Directions 2017

RBI/FIDD/2017-2018/55 Master Direction FIDD.CO.FSD.BC No.8/05.10.001/2017-18 (03/07/2017)

Please refer to our ‘Master Direction FIDD.No.FSD.BC.2/05.10.001/2016-17 dated July 1, 2016 incorporating guidelines issued to banks in regard to matters relating to relief measures to be provided in areas affected by natural calamity....

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Standard Operating Procedure for FDI in India

The Finance Minister in his budget speech for FY 2017-18 had included a significant proposal of abolishing the Foreign Investment Promotion Board (FIPB) and replace it with a decentralized mechanism at the respective ministry level to examine and approve FDI proposals in India....

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Master Circular 2017– Deendayal Antyodaya Yojana – National Rural Livelihoods Mission (DAY-NRLM)

RBI/2017-18/10 FIDD.GSSD.CO.BC.No.04/09.01.01/2017-18 (01/07/2017)

Please refer to the Master Circular FIDD.GSSD.CO.BC.No.07/09.01.01/2016-17 dated July 01, 2016 consolidating guidelines / instructions / directions issued to banks with regards to Deendayal Antyodaya Yojana - National Rural Livelihoods Mission....

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RBI Master Circular 2017- Credit facilities to SCs & SSTs

RBI/2017-18/7 FIDD.CO.GSSD.BC.No.06/09.09.001/2017-18 (01/07/2017)

Please refer to the Master Circular FIDD.CO.GSSD.BC.No.03/09.09.001/2016-17 dated July 01, 2016 consolidating guidelines / Instructions / directions issued to banks with regard to providing credit facilities to Scheduled Castes (SCs) and Scheduled Tribes (STs)....

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RBI Master Circular 2017- Credit Facilities to Minority Communities

RBI/2017-2018/6 FIDD.GSSD.BC.No.05/09.10.01/2017-18 (01/07/2017)

Please refer to our Master Circular FIDD.GSSD.BC.No.01/09.10.01/2016-17 dated July 01, 2016 (Updated as on September 29, 2016), consolidating the instructions / guidelines / directives issued to banks till that date relating to Credit Facilities to Minority Communities....

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RBI Master Circular 2017– Deendayal Antyodaya Yojana – National Urban Livelihoods Mission (DAY-NULM)

RBI/2017-18/5 FIDD.GSSD.CO.BC.No.03/09.16.03/2017-18 (01/07/2017)

RBI has periodically issued instructions to banks with regard to operationalisation of the Government of India’s National Urban Livelihoods Mission (DAY-NULM). The Ministry of Housing & Urban Poverty Alleviation (UPA Division), Government of India has amended the operational guidelines of Self-Employment Programme (SEP) under DAY-NULM....

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Master Circular- Disbursement of Govt Pension by Agency Banks

Notification No. RBI/2017-18/1 DGBA.GBD.No.-1/31.05.001/2017-18 (01/07/2017)

In order to obviate the time lag between issue of DR orders and payment of DR to the beneficiary and to render expeditious service to senior citizens, the following action is required to be taken:...

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Master Circular on Conduct of Government Business by Agency Banks – Payment of Agency Commission

Notification No. RBI/2017-18/2 (01/07/2017)

Whenever agency banks collect stamp duty through physical mode or e-mode (challan based), they are eligible for payment of agency commission, provided the agency banks do not collect any charges from the members of public or receive remuneration from the State Government for doing this work....

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RBI Master Directions on Relief/Savings Bonds

RBI/2017-18/54 IDMD.CDD No.8/13.01.299/2017-18 (01/07/2017)

Agency banks may follow a simple procedure for enrolment/registration of brokers. The broker seeking enrolment/registration may submit the request for registration on their business letterhead together with business data to the agency banks. ...

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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.