Fema / RBI - Page 4

Digital Currency- A New Era

Digital currency or digital money is distinct from physical. Digital currency is a payment method which exists only in electronic form and is not tangible. Digital currency can be transferred between entities or users with the help of technology like computers, smartphones and the internet. ...

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Posted Under: Fema / RBI |

Features of Sovereign Gold Bond Scheme 2017-18– Series II

Government of India in consultation with RBI decides to issue Sovereign Gold Bond Scheme 2017-18– Series II; Applications for the bond will be accepted from July 10, 2017 to July 14, 2017; The Bonds will be issued on July 28, 2017. Government of India, in consultation with the Reserve Bank of India, has decided to […]...

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Posted Under: Fema / RBI |

Govt notifies Sovereign Gold Bond Scheme 2017-18 – Series II

F. No. 4(20) - W&M/2017 (06/07/2017)

The Gold Bonds under Sovereign Gold Bond Scheme 2017-18 – Series II may be held by a Trust, HUFs, Charitable Institution, University or by a person resident in India, being an individual, in his capacity as such individual, or on behalf of minor child, or jointly with any other individual....

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Sovereign Gold Bonds, 2017-18 – Series II – Operational Guidelines

RBI/2017-18/18 IDMD.CDD.No.29/14.04.050/2017-18 (06/07/2017)

This has reference to the GoI notification F.No.4(20)-B/(W&M)/2017 and RBI circular IDMD.CDD.No.28/14.04.050/2017-18 dated July 06, 2017 on the Sovereign Gold Bonds, 2017-18-Series II. FAQs in this regard have been placed on our website (www.rbi.org.in). ...

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All about Sovereign Gold Bonds 2017-18 – Series II

RBI/2017-18/17 IDMD.CDD.No.28/14.04.050/2017-18 (06/07/2017)

Interest on Sovereign Gold Bonds 2017-18 – Series II 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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RBI limits Liability of customers in online fraud cases

RBI/2017-18/15 DBR.No.Leg.BC.78/09.07.005/2017-18 (06/07/2017)

With the increased thrust on financial inclusion and customer protection and considering the recent surge in customer grievances relating to unauthorised transactions resulting in debits to their accounts/ cards, the criteria for determining the customer liability in these circumstances have been reviewed. The revised directions in this r...

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Point of Presence Services under PPFRDA for NPS

RBI/2017-18/16 DNBR(PD)CC.No.087/03.10.001/2017-18 (06/07/2017)

On a review, it has been decided that NBFCs with asset size of ₹ 500 crore and above which comply with the prescribed CRAR and made net profit in the preceding financial year be permitted to undertake PoP services under PFRDA for NPS after registration with PFRDA....

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SFBS: Compendium of Guidelines on Financial Inclusion and Development

Notification No. RBI/2017-18/14 FIDD.CO.SFB.No.9/04.09.001/2017-18 (06/07/2017)

In view of the announcement made in the budget 2014-15 regarding creation of a framework for licensing small banks, and to give a thrust to the supply of credit to micro and small enterprises, agriculture and banking services in unbanked and under-banked regions in the country....

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Small Finance Banks – Compendium of Guidelines on Financial Inclusion and Development

RBI/2017-18/14 FIDD.CO.SFB.No.9/04.09.001/2017-18 (06/07/2017)

In view of the announcement made in the budget 2014-15 regarding creation of a framework for licensing small banks, and to give a thrust to the supply of credit to micro and small enterprises, agriculture and banking services in unbanked and under-banked regions in the country, Reserve Bank decided to licence new...

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Customer Protection – Limiting Liability of Customers in Unauthorized Electronic Banking Transactions

RBI/2017-18/15 DBR.No.Leg.BC.78/09.07.005/2017-18 (06/07/2017)

With the increased thrust on financial inclusion and customer protection and considering the recent surge in customer grievances relating to unauthorized transactions resulting in debits to their accounts/ cards, the criteria for determining the customer liability in these circumstances have been reviewed....

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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.