Fema / RBI - Page 2

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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7.75% Savings (Taxable) Bonds, 2018 – Operational Guidelines

RBI/2018-19/95 IDMD.CDD.No.1637/13.01.299/2018-19 (24/12/2018)

Procedure to be followed by Receiving Offices (RO) for handling 7.75% Savings (Taxable) Bonds, 2018: A. Procedure to be followed at Receiving Offices in respect of Bond Ledger Accounts Receipt of Applications for Bond Ledger Account 1. The role of the Receiving Offices extends to:...

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Law to check scams in Banks

The Government has initiated formulation of laws to secure prudential banking and help effect a culture of credit discipline, including, inter alia, in terms of the following:- i. Insolvency and Bankruptcy Code, 2016 (IBC) has been enacted to create a unified framework for resolving insolvency and bankruptcy matters. IBC, by adopting a cr...

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Posted Under: Income Tax |

Foreign Exchange Management (Borrowing and Lending) Regulations, 2018

Notification No. FEMA 3(R)/2018-RB / G.S.R. 1213(E) (17/12/2018)

1) These Regulations may be called the Foreign Exchange Management (Borrowing and Lending) Regulations, 2018. ii) They shall come into force from the date of their publication in the Official Gazette....

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RBI Autonomy within RBI Act Framework is essential governance requirement

The autonomy for the Central Bank, within the framework of the Reserve Bank of India (RBI) Act, is an essential and accepted governance requirement. The Government asked RBI for a review of its Economic Capital Framework (ECF) adopted in 2016....

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Posted Under: Income Tax |

Measuring Financial Capability of the Street Vendors

Press Release : 2018-2019/1370 (13/12/2018)

Reserve Bank of India today placed on its website a Working Paper titled Measuring Financial Capability of the Street Vendors under the Reserve Bank of India Working Paper Series*. The Paper is authored by D.V. Ramana and Silu Muduli....

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Legal Entity Identifier (LEI) – A MANDATE IN THE FUTURE

Legal Entity Identifier (LEI) Introduction 1. A Legal Entity Identifier (or LEI) is a 20-character identifier that identifies distinct legal entities that engage in financial transactions. 2. It is defined by ISO 17442. 3. The LEI is a global standard, designed to be non-proprietary data that is freely accessible to all. As of October 201...

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Posted Under: Income Tax |

RBI Guidelines on Loan System for Delivery of Bank Credit

RBI/2018-19/87 DBR.BP.BC.No.12/21.04.048/2018-19 (05/12/2018)

With a view to enhance credit discipline among the larger borrowers enjoying working capital facility from the banking system, delivery of bank credit for such borrowers shall be as under:...

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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.