Fema / RBI - Page 30

Suggestions to Tackle Demonetization

Demonetization has affected every Indian to some or large extent. Huge queues outside banks and post offices shows the merciful position of people of India. This drastic step has been taken by Government of India to tackle black money which is in abundance in Indian market and society....

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Posted Under: Fema / RBI |

Old Rs. 500 notes not to be accepted at Petrol Outlets & Airport Counters

WEF midnight of 02.12.2016, old Rs. 500 bank notes will not be accepted at petrol, diesel and gas outlets of PSU Oil and Gas Marketing Companies as well as for purchase of Air Tickets at Airports; ...

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Posted Under: Fema / RBI |

Information from Social Media – RBI Advisory to banks

RBI/2016-17/166 DCM (Plg) No.1500/10.27.00/2016-17 (01/12/2016)

Certain fake guidelines / instructions purported to be issued by RBI are circulated in social media by some unscrupulous elements to create confusion ...

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Encouraging usage of Debit Cards among Government employees

F.No. 25 (30)/E.Coord/2016 (01/12/2016)

In the recent years advancements in banking technology, progress in mobile banking and innovative technologies to facilitate digital payments have enabled large number of small denomination transactions to be handled smoothly in electronic mode. The Government of India has taken policy decisions encouraging cashless/electronic transaction...

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Demonetisation- Rely on official Notification instead of Social Media

Press Release : 2016-2017/1382 (01/12/2016)

It has been reported that certain guidelines/instructions purported to be issued by the Reserve Bank are being circulated in the social media by some unscrupulous elements creating confusion in the minds of the public/bank personnel....

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RBI issues final guidelines on Large Exposure Framework (LEF)

RBI/2016-17/167 DBR.No.BP.BC.43/21.01.003/2016-17 (01/12/2016)

A bank’s exposures to its counterparties may result in concentration of its assets to a single counterparty or a group of connected counterparties....

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CMA : Cost Benefits Activity Analysis Part I : Demonetization

Prime Minister Narendra Modi has boldly taken strong steps of Demonetization for unearth undesired Black Money. Naturally, those who are effected chunk who are holding huge cash will attempt all their means to get rid of them....

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Posted Under: Fema / RBI |

Financing of Infrastructure – ‘Definition of ‘Infrastructure Lending’

RBI/2016-17/168 DBR.BP.BC.No.42/08.12.014/2016-17 (01/12/2016)

It is advised that for the purpose of definition of ‘Infrastructure Lending’, banks and select All India Term-Lending and Refinancing Institutions may henceforth be guided by the Gazette Notifications issued by the Department of Economic Affairs, Ministry of Finance, Government of India, from time to time....

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Deposit of Specified Bank Notes – Chest Balance / Cash Holding Limit

RBI/2016-17/164 DCM (Plg) No. 1459/10.27.00/2016-17 (29/11/2016)

SBNs deposited in the currency chests, since November 10, 2016 will be considered as part of the chest balance in the soiled note category but such deposits will not be reckoned for calculating Chest Balance Limit / Cash Holding Limit....

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Govt puts restriction on withdrawal from Jan-Dhan Yojna

RBI/2016-17/165 DCM (Plg) No. 1450/10.27.00/2016-17 (29/11/2016)

With a view to protect the innocent farmers and rural account holders of PMJDY from activities of money launders and legal consequences under the Benami Property Transaction & Money Laundering laws, it has been decided to place certain limits, as a matter of precaution, on the operations in the PMJDY accounts funded through deposits of Sp...

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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.

 

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