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1010
Results
Central Bank Independence Necessary for Stable Sustainable Growth: RBI Governor
TG Team
26 Jul 2016
0 comment
Date : Jul 26, 2016 “Criticism of the central bank using arguments unsupported by evidence is widespread. The Bank of England was criticized for laying out the economic costs of Brexit, the ECB has been criticized for doing too much to restore health to troubled peripheral economy financial sectors, and the Fed is under fire […]...
Posted Under:
Fema / RBI
|
News
We will bring formal financial services to every Indian: RBI Governor
TG Team
18 Jul 2016
0 comment
In the foreseeable future, we will bring formal financial services to every Indian who wants them. Financial inclusion will be an important element in ensuring access and equity - the necessary building blocks for sustainable growth of our country." Dr. Raghuram G. Rajan said this today while speaking at the National Seminar on Equity, Ac...
Posted Under:
Fema / RBI
|
News
FAQs on Exchange Earner’s Foreign Currency Account
TG Team
09 Jul 2016
0 comment
Q 1. What is an EEFC Account and what are its benefits? Ans. Exchange Earners’ Foreign Currency Account (EEFC) is an account maintained in foreign currency with an Authorised Dealer Category – I bank i.e. a bank authorized to deal in foreign exchange. It is a facility provided to the foreign exchange earners, including exporte...
Posted Under:
Fema / RBI
|
News
Payment and Settlement Systems in India: Vision-2018
TG Team
23 Jun 2016
0 comment
Since 2012-13, all segments of electronic payments, particularly retail electronic payments, have shown healthy growth both in terms of volume and value of usage. For example, RTGS and NEFT volumes increased almost threefold between 2013 and 2016 reflecting greater adoption of the system by all segments of users....
Posted Under:
Fema / RBI
|
News
Resolving Stress in the Banking System
TG Team
22 Jun 2016
0 comment
Today, however, I want to talk about the resolution of financial distress. I will argue that the slowdown in credit growth has been largely because of stress in the public sector banking and not because of high interest rates. As such, what is required is a clean-up of the balance sheets of public sector banks, which is what is underway a...
Posted Under:
Fema / RBI
|
News
NRIs can now join & subscribe to NPS online through eNPS
TG Team
17 Jun 2016
0 comment
NRIs have a pivotal role to play in the Indian economy. India has the second-largest Diaspora in the world, with around 29 million people living in over 200 countries and out of these 25% live in the Gulf countries. Most of the Indians going to the Gulf and some other countries go for employment and return to India after having worked abr...
Posted Under:
Fema / RBI
|
News
Steps taken to curb Black Money within & outside the country
TG Team
10 May 2016
0 comment
The present Government has taken various decisions and steps to curb the menace of black money both within and outside the country in last two years. Some of the major decisions and actions taken in this regard are given below:...
Posted Under:
Income Tax
|
News
Plans to render black money & fake notes circulation ineffective
TG Team
10 May 2016
0 comment
The Government has not issued any guidelines regarding minimising daily financial transactions in cash to curb money laundering, black money and so on. However, the plans of Government to render black money and fake notes circulating in the market ineffective are as under: -...
Posted Under:
Income Tax
|
News
RBI Norms for Protecting Customers
TG Team
06 May 2016
0 comment
Reserve Bank of India (RBI) has released a Charter of Customer Rights, which enshrines broad, overarching principles for protection of bank customers and enunciates the ‘five’ basic rights for bank customers, that I s, (i) Right to Fair Treatment, (ii) Right to Transparency, Fair and Honest Dealing, (iii) Right to Suitability, (iv) Ri...
Posted Under:
Fema / RBI
|
News
Margin requirements for non- centrally cleared derivative
TG Team
03 May 2016
0 comment
Derivatives are an integral risk management tool for most of the business entities and financial institutions. Most of the bigger and mid-size companies in India use derivatives to manage foreign currency, interest rate and commodity price risks. Derivatives foster financial innovation and contribute to the completeness of financial marke...
Posted Under:
Fema / RBI
|
News
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