Fema / RBI - Page 20

Sovereign Gold Bonds, 2016-17 Series IV: Operational Guidelines

RBI/2016-17/235 IDMD.CDD.No.2188/14.04.050/2016-17 (23/02/2017)

Sovereign Gold Bonds, 2016-17-Series IV Application forms from investors will be received at branches during normal banking hours from February 27, 2017 to March 03, 2017....

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All about Sovereign Gold Bonds 2016-17 – Series IV

RBI/2016-17/234 IDMD.CDD.No.2187/14.04.050/2016-17 (23/02/2017)

Sovereign Gold Bonds 2016-17 – Series IV Interest on the Bonds shall be taxable as per the provisions of the Income-tax Act, 1961. The capital gains tax arising on redemption of SGB to an individual has been exempted. The indexation benefits will be provided to long term capital gains arising to any person on transfer of bond...

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Master Direction on Money Transfer Service Scheme (MTSS)

RBI/FED/2016-17/52 FED Master Direction No.1/2016-17 (22/02/2017)

Money Transfer Service Scheme (MTSS) is a quick and easy way of transferring personal remittances from abroad to beneficiaries in India...

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10 lakh citizens get rewarded for embracing Digital Payments

It has been 58 days since the launch of NITI Aayog’s two incentive schemes – Lucky Grahak Yojana and Digi Dhan Vyapar Yojana to promote digital payments and the public response has been quite encouraging....

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Posted Under: Fema / RBI |

Foreign Exchange (Compounding Proceedings) Amendment Rules, 2017

Notification No. G.S.R. 151(E) (20/02/2017)

Central Government hereby makes the following rules further to amend the Foreign Exchange (Compounding Proceedings) Rules, 2000, namely: Provided that with respect to any proceeding initiated under rule 4, if the Enforcement Directorate is of the view that the said proceeding relates to a serious contravention suspected of money launderin...

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Know more on Overseas Direct Investment (ODI) with more & more Indian Co.’s going global

ODI primarily refers to a situation in which an Indian party is willing to acquire stake or some other form of a financial commitment, partially or wholly, in an overseas company....

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Posted Under: Fema / RBI |

FAQs on Foreign Investments in India

These FAQs attempt to put in place the common queries that users have on the subject in an easy to understand language. However, for conducting a transaction, the Foreign Exchange Management Act, 1999 (FEMA) and the Regulations made or directions issued thereunder may be referred to. The relevant principal regulations are the Foreign Exch...

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Multilateral and Regional Financial Institutions permitted to invest in Rupee denominated bonds overseas

RBI/2016-17/233 A. P. (DIR Series) Circular No.31 (16/02/2017)

In order to provide more choices of investors to Indian entities issuing Rupee denominated bonds abroad, it has been decided to also permit Multilateral and Regional Financial Institutions where India is a member country, to invest in these Rupee denominated bonds....

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Forward Rate Agreement (FRA) and Interest Rate Swap (IRS) – Withdrawal of Fortnightly return

RBI/2016-17/232 FMRD.DIRD.13/14.01.019/2016-17 (16/02/2017)

Attention is invited to the RBI notification ref. no. MPD.BC.187/07.01.279/1999-2000 dated July 07, 1999. As per the notification, banks were advised to submit a fortnightly return on FRA/IRS to Monetary Policy Department with a copy to various RBI departments....

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Inclusion of Capital Small Finance Bank Limited in 2nd Schedule to RBI Act, 1934

RBI/2016-17/231 DBR.No.Ret.BC.51/12.07.145A/2016-17 (16/02/2017)

We advise that the Capital Small Finance Bank Limited has been included in the Second Schedule to the Reserve Bank of India Act, 1934 vide Notification DBR.PSBD.No.5201/16.02.001/2016-17 dated November 8, 2016, and published in the Gazette of India (Part III - Section 4) dated February 4- February 10, 2017....

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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.