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RBI deal with the problem of black money being hidden in tax havens by continuously updating its regulations
TG Team
24 Apr 2009
0 comment
The Reserve Bank on Tuesday said it would deal with the problem of black money being hidden in tax havens by continuously updating its regulations in line with the G-20 guidelines on strengthening transparency in cross-border movement of capital. “The Reserve Bank would continue to incorporate in its regulations latest international...
Posted Under:
Fema / RBI
|
Articles
,
News
Three more credit information companies get RBI nod to do business
TG Team
24 Apr 2009
0 comment
Reserve Bank of India has allowed three more credit information companies to do business. The banking regulator has also permitted the only existing local credit bureau Cibil (Credit Information Bureau India Ltd) to maintain credit histories of insurance and telecom customers. The three new entities include Equifax Credit Information Se...
Posted Under:
Fema / RBI
|
Articles
,
News
ICAI opposes RBI move to relax the provisioning norms for NPA
TG Team
18 Mar 2009
0 comment
The Institute of Chartered Accountants of India, which frames accounting standards for the country, has opposed a proposal of the Reserve Bank of India to relax the provisioning norms for non-performing assets. According to the proposal, commercial banks need not classify a non-serviced loan under NPAs if the borrower has submitted an app...
Posted Under:
Fema / RBI
|
Articles
,
News
RBI cut repo, reverse repo rate by 50 basis points each
TG Team
05 Mar 2009
0 comment
Less than a week after third-quarter GDP estimates showed a lower-than-expected 5.3 per cent growth rate, the Reserve Bank of India on Wednesday surprised the market and sent fresh signals to banks to lower lending and deposit rates by pruning the repo rate and the reverse repo rate by 50 basis points each. The repo […]...
Posted Under:
Fema / RBI
|
Articles
,
News
RBI eased Credit Norm For Exporters
TG Team
27 Feb 2009
0 comment
Exporters are especially hit by recessionary conditions globally. RBI has taken the following measures to ease credit norms during last few months:- (i) Enhancing the period of pre-shipment and post-shipment Rupee Export Credit by 90 days each; (ii) Extending the applicability of prescribed interest rate as applicable to post-shipment rup...
Posted Under:
Fema / RBI
|
Articles
,
News
RBI CUT REPO, REVERSE REPO AND CRR RATE
TG Team
03 Jan 2009
0 comment
The Reserve Bank on Friday announced steps to inject an additional Rs 20,000 crore (Rs 200 billion) into the system, a move that would pave the way for further cut in interest rates and more funds for credit disbursal. As part of decisions, forming the second stimulus package finalised jointly with the government, RBI announced […]...
Posted Under:
Fema / RBI
|
Articles
,
News
Acquisition of Immoveable Property in India – F.A.Q
TG Team
19 Dec 2008
0 comment
(01/01/1970)
Under the general permission available, the following categories can freely purchase immovable property in India: i) Non-Resident Indian (NRI)- that is a citizen of India resident outside India ii) Person of Indian Origin (PIO)- that is an individual (not being a citizen of Pakistan or Bangladesh or Sri Lanka or Afghanistan or China or Ir...
Posted Under:
Fema / RBI
|
Articles
Guide to Deposit Insurance and Credit Guarantee Corporation (DICGC)
editor2
25 Nov 2008
1 comment
In the event of a bank failure, DICGC protects bank deposits that are payable in India. The DICGC insures all deposits such as savings, fixed, current, recurring, etc. except the following types of deposits. (i) Deposits of foreign Governments; (ii) Deposits of Central/State Governments;...
Posted Under:
Fema / RBI
|
Articles
Highlights of Foreign Trade Policy, 2008
TG Team
15 Apr 2008
0 comment
(01/01/1970)
DEPB Scheme Extended Till May 2009. Income Tax Benefit To 100% EOUs Under Section 10-B Of It Act Being Extended For One Year Beyond 31stmarch 2009. New Export Promotion Council For Telecom Sector . 5% Additional Duty Credit For Export Of Toys And Sports Goods...
Posted Under:
Fema / RBI
|
Articles
Curbs on land purchase -FEMA
TG Team
07 Apr 2008
0 comment
(01/01/1970)
Investments overseas by an Indian company - Indian company” is defined to mean a company incorporated in India. It is permitted to undertake agricultural operations overseas including purchase of land incidental to such activity either directly or indirectly through its overseas offices vide Regulation 6A of FEM (Transfer or issue of an...
Posted Under:
Fema / RBI
|
Articles
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