Fema / RBI - Page 5

RBI opposes idea of independent body to regulate payments; Releases Dissent Note

Press Release : 2018-2019/929 (19/10/2018)

An Inter-Ministerial Committee for finalization of amendments to the Payment & Settlement Systems Act, 2007 was formed by the Government under the chairmanship of Secretary, Department of Economic Affairs. RBI was represented in the Committee....

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Master Direction: RBI (Relief Measures by Banks in Areas affected by Natural Calamities) Directions 2018 – SCBs

RBI/FIDD/2018-19/64 Master Direction FIDD.CO.FSD.BC No.9/05.10.001/2018-19 (17/10/2018)

(a) These Directions shall be called the Reserve Bank of India (Relief Measures by Banks in Areas Affected by Natural Calamities) Directions, 2018. (b) These Directions shall come into effect on the day they are placed on the official website of the Reserve Bank of India....

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Master Direction – RBI (Relief Measures by Banks in Areas affected by Natural Calamities) Directions 2018 – RRBs

RBI/FIDD/2018-19/65 Master Direction FIDD.CO.FSD.BC No.10/05.10.001/2018-19 (17/10/2018)

(a) These Directions shall be called the Reserve Bank of India (Relief Measures by Banks in Areas Affected by Natural Calamities) Directions, 2018. (b) These Directions shall come into effect on the day they are placed on the official website of the Reserve Bank of India....

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Security Interest (Enforcement) Amendment Rules, 2018

Notification No. G.S.R. 1040(E) (17/10/2018)

Sale notice for sale of movable properties- E-Auction Sale Notice for Sale of Movable Assets under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 read with proviso to Rule 6(2) of the Security Interest (Enforcement) Rules, 2002...

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Prepaid Payment Instruments (PPIs) – Guidelines for Interoperability

RBI/2018-19/61 DPSS.CO.PD.No.808/02.14.006/2018-19 (16/10/2018)

Interoperability is the technical compatibility that enables a payment system to be used in conjunction with other payment systems. Interoperability allows PPI Issuers, System Providers and System Participants in different systems to undertake, clear and settle payment transactions across systems without participating in multiple systems...

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RBI Directions on Governance of authorised domestic CCPs

RBI/2018-19/60 DPSS.CO.OD No.803/06.08.005/2018-2019 (15/10/2018)

Directions governing the functioning of CCPs are given in this circular for compliance. The CCPs shall continue to ensure compliance with the Principles for Financial Market Infrastructures (PFMI). It Contains Section A- Directions on Governance of domestic CCPs authorised to operate in India by the RBI, Section B –Directions on Networt...

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Gold Monetisation Scheme- Who are eligible to make deposit

F.No. 20/6/2015–FTVol.III (09/10/2018)

Govt amends List of Persons Who are eligible to make deposit under Gold Monetisation Scheme. Resident Indians including Individuals, Hindu Undivided Families, Trusts including Mutual Funds or Exchange Traded Funds which are registered under the Securities and Exchange Board of India (Mutual Fund) Regulations, 1996,...

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Sovereign Gold Bond Scheme: FAQs

(Updated as on October 08, 2018) In this article we have compiled  37 frequently asked question on the Sovereign Gold Bond scheme, 2018. Sovereign Gold Bond are government securities denominated in grams of gold. They are substitutes for holding physical gold. Investors have to pay the issue price in cash and the bonds will be […]...

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Posted Under: Fema / RBI |

Impact of Increase In Non-Performing Assets In Bank– Comparative Analysis of Public Sector And Private Sector Banks In India

The banking system plays a vital role in the finance sector. Without the sound and efficient system of the bank will lead to a healthy economy. The Narasimhan committee introduced the concept of non- performing assets. And it is the best way for judging the status of the bank. ...

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Posted Under: Fema / RBI |

Sovereign Gold Bond Scheme 2018-19, Operational Guidelines

Notification No. RBI/2018-19/58 IDMD.CDD.No.822/14.04.050/2018-19 (08/10/2018)

RBI/2018-19/58 IDMD.CDD.No.822/14.04.050/2018-19 October 08, 2018 The Chairman & Managing Director All Scheduled Commercial Banks (Excluding RRBs) Designated Post Offices Stock Holding Corporation of India ltd.(SHCIL) National Stock Exchange of India Ltd. & Bombay Stock Exchange Ltd. Dear Sir/Madam, Sovereign Gold Bond Scheme 2018...

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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.

 

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