Fema / RBI - Page 20

Introduction of Single Master Form for reporting of Foreign Investment in India

Introduction of  Single Master Form for reporting of Foreign Investment in India: RBI issued an A.P (DIR Series) Circular No.30 dt. June 07, 2018 regarding reporting for foreign investments in an Indian Entities, whereby For reporting total foreign investment in an Indian entity, an Integrated reporting structure has been introduced whic...

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RBI to introduce Single Master Form for reporting of Foreign Investment in India

RBI/2017-18/194 A.P (DIR Series) Circular No. 30 (07/06/2018)

Reserve Bank, with the objective of integrating the extant reporting structures of various types of foreign investment in India, will introduce a Single Master Form (SMF). The SMF would be filed online....

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Monthly reporting via ECB 2 Return revised to capture hedge details

RBI/2017-18/193 A. P. (DIR Series) Circular No. 29 (07/06/2018)

It has been decided to capture the details of the hedges for ECBs through a simplified format of ECB 2 Return. Part E of the Return, accordingly, is modified so as to include only standard information on hedged/unhedged ECB exposure (Annex). ...

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Rate of interest on unclaimed interest bearing deposit reduced to 3.50% p.a.

Notification No. RBI/2017-2018/191 DBR.DEA Fund Cell.BCNo.110/30.01.002/2017-18 (07/06/2018)

It has been decided that the rate of interest payable by banks to the depositors/claimants on the unclaimed interest bearing deposit amount transferred to the Fund shall be 3.5% simple interest per annum with effect from July 01, 2018....

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RBI amends Gold Monetization Scheme, 2015

RBI/2017-18/192 DBR.IBD.BC.109/23.67.001/2017-18 (07/06/2018)

The short term deposits shall be treated as bank’s on-balance sheet liability. These deposits will be made with the designated banks for a short period of 1-3 years (with a facility of roll over). Deposits can also be allowed for broken periods (e.g. 1 year 3 months; 2 years 4 months 5 days; etc.). ...

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Investment in the units of InvIT by sponsor CIC-NDSI

RBI/2017-18/189 DNBR (PD) CC.No.093/03.10.001/2017-18 (07/06/2018)

In order to enable Systemically Important Core Investment Companies (CIC-NDSI) to act as a sponsor of InvITs, it has been decided to permit CIC-NDSIs to hold InvIT units only as a sponsor. Exposure of such CICs towards InvITs shall be limited to their holdings as sponsors and shall not, at any point in time, exceed the minimum holding of ...

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RBI Watch: Hikes but overlooks all-two visible risks

The fact that the MPC has swiftly responded to the upside pressures on inflation should address fears that the committee structure was making decision making sluggish and the questions about the RBI’s independence. This we believe is a healthy development....

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Second Bi-monthly Monetary Policy Statement, 2018-19-Policy Rates increased by 25 basis points

Press Release: 2017-2018/3190 & Press Release: 2017-2018/3191 (06/06/2018)

The decision of the MPC is consistent with the neutral stance of monetary policy in consonance with the objective of achieving the medium-term target for consumer price index (CPI) inflation of 4 per cent within a band of +/- 2 per cent, while supporting growth. The main considerations underlying the decision are set out in the statement ...

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Central Bank Watch: Preparing for a hike

Abheek Barua* We have argued “Hike the interest rate now“, 1st June, 2018) that the current macroeconomic situation warrants a policy rate hike. Rising and more dispersed core inflation, the immediate and possible second-round effects of the fuel price increases and the pressure on the rupee; all call for a 25 basis point hike...

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Govt notifies Officer competent for compounding under Foreign Contribution (Regulation) Act, 2010

S.O. 2291(E) (05/06/2018)

Central Government hereby specifies the officer, who may, before institution of any prosecution under Foreign Contribution (Regulation) Act, 2010, compound the specified offences....

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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.