The recent directions issued by RBI vide its communications dated June 25, 2021 settles the dust over the appointment of Managing Director (MD) / Whole-Time Director (WTD) in Primary (Urban) Co-operative Bank. Let me introduce you to their communication as under: https://taxguru.in/rbi/rbi-directions-appointment-md-wtd-primary-urban-co-op-banks.html With plethora of mis handling in Co-operative sector, the eagerly awaited instructions from […]
The Department of Consumer Affairs, Government of India seeks views/ comments/ suggestions on the proposed amendments to Consumer Protection (E-Commerce) Rules, 2020 vide its communication reproduced below. It has sought views/suggestions by July 6, 2021 to js-ca@nic.in. Let us understand the proposed amendments. Section 3 contains definitions for e-commerce entity, cross selling, fall back liability […]
You were fed with newspapers headlines informing G7 gave its consent for Biden’s global tax proposal which ensures right companies pay right tax in right countries. Mr. Joseph Robinette Biden Jr, the current American president brought the tax reform known as ‘Made in America tax proposal’ which is reproduced below for our detailed discussion. https://home.treasury.gov/system/files/136/MadeInAmericaTaxPlan_Report.pdf […]
My USA tax clients have started receiving third economic payment from Internal Revenue Service, * U S Treasury department, U S government. I am enclosing below the relevant website details for reference and shall cover the relevant information in this article. All information traces their origin to IRS website and I am totally bound by […]
The Reserve Bank of India on 24th May 2021 released on its website its study titled, “Risk Premium Shocks and Business Cycle Outcomes in India”. The study was co-authored by Dr. Shesadri Banerjee, Shri Jibin Jose, and Shri Radheshyam Verma, all scholarly economists from RBI. This study investigates the dynamic effects of financial shocks on the […]
Much awaited Reserve Bank of India guidelines to harmonise various instructions issued to Commercial Banks, SFBs, RRBs, UCBs and LABs; align these guidelines with emerging national priorities and bring sharper focus on inclusive development and also aim to encourage and support environment friendly lending policies to achieve Sustainable Development Goals (SDGs) have been issued in […]
The study examines the concept of threshold inflation and defines it as the long run equilibrium rate of inflation that maximizes the steady state growth within the relevant range of values. The empirical findings of the study broadly confirm higher threshold inflation and higher growth in emerging market economies than in advanced economies.
If you have not read the latest and hotly discussed RBI guidelines on appointment of Statutory Central Auditors (SCAS)/Statutory Auditors of Commercial Banks (excluding RRBs), UCBs and NBFCs (including HFCs) dated April 27, 2021, let me reproduce the same below for ready reference from RBI website. Let us discuss the above guidelines in the light of […]
The Government of India announces the conversion/switch of its securities through auction for an aggregate amount of >20,000 crore (face value). The security wise details of the conversion/switch are given in RBI web site as per details given below. Yes, believe it, the term of GOI securities range from 10 years to 40 years. https://rbidocs.rbi.org.in/rdocs/PressRelease/PDFs/PR202GOI6C0B24F7F4814510A950379CF77F6555.PDF […]
Analysis of SEBI (Alternative Investment Funds) (Second Amendment) Regulations, 2021 Securities and Exchange Board of India vide its Gazette notification dated May 5, 2021 published its latest regulations on Alternate Investment Funds which is being reproduced below: https://taxguru.in/sebi/sebi-alternative-investment-funds-second-amendment-regulations-2021.html e-gazette deals with some basic information on alternative invest funds. Let us discover the latest instructions on […]
