RBI has granted CRR and SLR exemption for eligible FCNR(B) deposits mobilized between June 8 and September 30, 2026. The move is aimed at attracting foreign currency funds into the banking system.
RBI has granted CRR and SLR exemption on eligible FCNR(B) deposits mobilized until September 30, 2026. The move is aimed at attracting foreign currency funds and strengthening banking sector liquidity.
RBI has permitted AD Category-I banks to exclude swap positions arising from FCNR(B) deposits, ECBs and OFCBs from NOP-INR calculations. The move supports participation in RBI’s new swap facilities without breaching exposure limits.
RBI has launched a US Dollar-Rupee swap facility for eligible PSU external commercial borrowings and overseas foreign currency borrowings. The scheme enables banks to hedge qualifying inflows through RBI at a fixed swap cost.
ITAT Mumbai held that an addition under Section 69 could not be sustained merely on the basis of statements recorded from representatives of the builder group. In the absence of incriminating material directly linking the assessee to the alleged cash payment, the addition of ₹31 lakh was deleted.
RBI introduced a US Dollar-Rupee swap facility for fresh FCNR(B) deposits with tenors of three to five years. The scheme enables banks to swap eligible deposits with RBI, supporting foreign currency deposit mobilization and liquidity management.
The article explains RBI’s decision to reduce the export proceeds realization period from 15 months to 9 months and its impact on GST refunds, export incentives, and exporter compliance obligations.
IFSCA clarified that a common brand name by itself is sufficient to establish a Group Entity relationship under the ship leasing framework. No equity holding or other corporate linkage is required for this purpose.
Senior citizens aged 75+ with only pension and bank interest income need not file ITR if a specified bank computes income and deducts tax under Section 194P.
The Tribunal held that a medicine containing Ergotamine was merely a preparation and not “Ergotamine and its salts” under Schedule-B of the NDPS Order. As no NOC was required, the penalty imposed on the Customs Broker was quashed.
