Fema / RBI notification

Registration of NGOs seeking FCRA Services on DARPAN Portal will be OPTIONAL

No. 11/21022/58(370)/2018-FCRA(MU) (15/01/2019)

It has been decided that the requirement of registration with the DARPAN Portal will be OPTIONAL for all NGO seeking FCRA Services. However, Associations/NGOs, which have already registered with the DARPAN Portal or those which are required to register under the DARPAN portal since they receive subsidies/grants/contribution from public f...

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Merchant exporters eligible for Interest Equalisation Scheme for Pre and Post Shipment Rupee Export Credit

Notification No. RBI/2018-19/107 DBR.Dir.BC.No.22/04.02.001/2018-19 (11/01/2019)

It has been decided by the Government of India to include merchant exporters also, w.e.f. January 2, 2019, under the ongoing Interest Equalisation Scheme for Pre and Post Shipment Rupee Export Credit and allow them interest equalisation at the rate of 3% on credit for export of products covered under 416 tariff lines identified under the...

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RBI amends Gold Monetization Scheme, 2015

Notification No. RBI/2018-19/104 DBR.IBD.BC.19/23.67.001/2018-19 (09/01/2019)

RBI makes the following amendments in the Reserve Bank of India (Gold Monetization Scheme, 2015) Master Direction No.DBR.IBD.No.45/23.67.003/2015-16 dated October 22, 2015, with immediate effect....

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RBI releases guidelines on Tokenisation – Card Transactions

Press Release: 2018-2019/1597 & Circular No. RBI/2018-19/103 DPSS.CO.PD No.1463/02.14.003/2018-19 (08/01/2019)

Reserve Bank has today released guidelines on tokenisation for debit / credit / prepaid card transactions as a part of its continuous endeavour to enhance the safety and security of the payment systems in the country. Tokenisation involves a process in which an unique token masks sensitive card details. ...

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Nandan Nilekani appointed as Chairman of RBI Digital Payments Panel

Press Release: 2018-2019/1590 (08/01/2019)

With a view to encourage digitisation of payments and enhance financial inclusion through digitisation, the Reserve Bank of India has decided to constitute a High-Level Committee on Deepening of Digital Payments. The composition of the Committee is as under:...

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RBI Limiting Liability of Customers in Unauthorised Electronic Payment

RBI/2018-19/101 DPSS.CO.PD.No.1417/02.14.006/2018-19 (04/01/2019)

. For the purpose of this circular, electronic payment transactions have been divided into two categories: i. Remote /Online payment transactions (transactions that do not require physical PPIs to be presented at the point of transactions e.g. wallets, card not present (CNP) transactions, etc.)....

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RBI allows one-time restructuring of existing loans to MSMEs

RBI/2018-19/100 DBR.No.BP.BC.18/21.04.048/2018-19 (01/01/2019)

It has been decided to permit a one-time restructuring of existing loans to MSMEs classified as ‘standard’ without a downgrade in the asset classification, subject to the following conditions:...

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Last date of filing FCRA Annual Returns for FY 2017-18 extended

F. No. 11/21022/58(370)/20 18-FCRA(MU) (29/12/2018)

Extension of last date of filing mandatory online Annual Returns for The FY 2017-18 under The Foreign Contribution (Regulation) Act, 2010 from 31.12.2018 to 31.03.2019...

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RBI constitutes Expert Committee on Economic Capital Framework

Press Release: 2018-2019/1468 (26/12/2018)

As decided by the Central Board of Reserve Bank of India (RBI) in its meeting held on November 19, 2018, the RBI, in consultation with the Government of India, has today constituted an Expert Committee to review the extant Economic Capital Framework of the RBI. The composition of the Committee is as under:...

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New FDI guidelines for e-commerce companies doing business in India

Press Note No. 2 (2018 Series) (26/12/2018)

Review of the policy on Foreign Direct Investment (FDI) in e-commerce- e-commerce marketplace entity will not mandate any seller to sell any product exclusively on its platform only....

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