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RBI creates Helpline for guiding Start-ups in India on Forex Matters
TG Team
22 Dec 2015
0 comment
The Reserve Bank of India has created a dedicated helpline Email ( helpstartup@rbi.org.in ) for start-ups in India in order to offer guidance/assistance to them for undertaking cross-border transactions within the ambit of the regulatory framework....
Posted Under:
Fema / RBI
|
News
RBI denies Message on Currency Notes circulating on Social Media
TG Team
15 Dec 2015
0 comment
The Reserve Bank of India has today denied having issued a communication circulating on social media alerting members of public that banks will not accept currency notes with scribbling on them from January 1, 2016. The Reserve Bank has reiterated that all currency notes issued by it are legal tender and banks and members can […]...
Posted Under:
Fema / RBI
|
News
Instructions/Guidelines on Credit Card/Debit Card/Pre-Paid Card
TG Team
05 Dec 2015
0 comment
Reserve Bank of India (RBI) through its Master Circular dated 1.12.2015 (available on its website www.rbi.org.in) has issued consolidated instructions/guidelines on credit card, debit cards/pre-paid card operations of banks. The said instructions contain detailed terms under which a debit card may be issued, inter-alia, advising banks as ...
Posted Under:
Fema / RBI
|
News
Clarification on FDI Policy on Single Brand Retail Trading
TG Team
19 Nov 2015
0 comment
Can the brand owner or non-resident entity/entities undertake single brand retail trading of the specific brand through more than one company in India?...
Posted Under:
Fema / RBI
|
News
Govt. liberalises / reviews FDI Policy in 15 Sectors of Economy
TG Team
11 Nov 2015
0 comment
To further boost this entire investment environment and to bring in foreign investments in the country, the Government has brought in FDI related Reforms and liberalisation touching upon 15 major Sectors of the Economy. The salient measures are: i. Limited Liability Partnerships, downstream investment and approval conditions. ii. Investme...
Posted Under:
Fema / RBI
|
News
Prime Minister launches 3 gold related schemes
TG Team
05 Nov 2015
0 comment
The Prime Minister, Shri Narendra Modi, launched three gold related schemes at a function here today. The schemes are – Gold Monetization Scheme, Sovereign Gold Bond Scheme, and India Gold Coins. ...
Posted Under:
Fema / RBI
|
News
RBI to issue 8 Years Sovereign Gold Bonds for Resident Indians
TG Team
30 Oct 2015
0 comment
(01/01/1970)
Government of India, in consultation with Reserve Bank of India (RB), has decided to issue Sovereign Gold Bonds. The Bonds will be issued on November 26, 2015. Applications for the bond will be accepted from November 05, 2015 to November 20, 2015. The Bonds will be sold through banks and designated post offices as may be notified. The bor...
Posted Under:
Fema / RBI
|
News
RBI seeks Comments/Feedback on Report of Working Group on Implementation of Ind AS by Banks in India
TG Team
20 Oct 2015
0 comment
The Reserve Bank of India has today placed on its website the Report of the Working Group on the Implementation of Indian accounting standards (Ind AS) by Banks in India (Chair: Shri Sudarshan Sen, Principal Chief General Manager, Department of Banking Regulation). Suggestions/comments, if any, on the Report may be sent by post to the Pri...
Posted Under:
Fema / RBI
|
News
Allow FDI in multi-brand retail through PPP mode: ASSOCHAM
TG Team
07 Oct 2015
0 comment
ASSOCHAM has reiterated for allowing foreign domestic investment (FDI) in retail industry and modernisation of wet market through public-private partnership (PPP) with adequate safeguard so that these new corporations do not become monopolistic and charge high price....
Posted Under:
Fema / RBI
|
News
RBI Fourth Bi-monthly Monetary Policy Statement, 2015-16- Reduces Rates by 50 BPS
TG Team
29 Sep 2015
0 comment
On the basis of an assessment of the current and evolving macroeconomic situation, it has been decided to: reduce the policy repo rate under the liquidity adjustment facility (LAF) by 50 basis points from 7.25 per cent to 6.75 per cent with immediate effect; keep the cash reserve ratio (CRR) of scheduled banks unchanged at 4.0 per cent ...
Posted Under:
Fema / RBI
|
News
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