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Overseas investment rules and regulations notified
Editor6
23 Aug 2022
0 comment
Overseas investment rules and regulations notified Another step towards Ease of Doing Business In line with the amendment in the Foreign Exchange Management Act 2015, Outward Investments Rules have been framed by the Government of India in consultation with the Reserve Bank. Presently, the overseas investment by a person resident in India...
Posted Under:
Fema / RBI
|
News
India likely to be second most important driver of global growth: RBI Governor
Editor
14 Aug 2022
0 comment
In spite of the pandemic and the war in Europe, India is going to contribute about 14 per cent of global growth. In fact, India is likely to be the second most important driver of global growth in 2022 after China....
Posted Under:
Fema / RBI
|
News
RBI is prohibited from disclosing borrower-wise credit information
Editor6
10 Aug 2022
0 comment
RBI is prohibited from disclosing borrower-wise credit information, since the credit information submitted by a bank is Confidential ...
Posted Under:
Fema / RBI
|
News
Steps to protect interests of Fixed Deposit of investors in bank
editor2
10 Aug 2022
0 comment
DICGC raised the limit of insurance cover for depositors in insured banks from ₹1 lakh to ₹5 lakh per depositor with effect from 04.02.2020....
Posted Under:
Fema / RBI
|
News
Value of counterfeit notes detected in banking system reduced post demonetisation
Editor6
10 Aug 2022
0 comment
Value of counterfeit notes detected in banking system reduced from ₹43.47 crores in 2016-17 to ₹8.26 crores in 2021-22 since demonetisation...
Posted Under:
Fema / RBI
|
News
RBI allowed invoicing & payments for international trade in Indian Rupee
editor1
03 Aug 2022
0 comment
The Reserve Bank of India (RBI) has allowed invoicing and payments for international trade in Indian Rupee vide A.P (DIR Series) Circular No. 10 RBI/2022-2023/90 dated 11.07.2022 on “International Trade Settlement in Indian Rupees (INR)”. This was stated by Union Minister of State for Finance Dr Bhagwat Kisanrao Karad in a written rep...
Posted Under:
Fema / RBI
|
News
CAIT request Strict Action against LOTS wholesale solutions for FDI Policy violation
editor2
23 Jul 2022
0 comment
Confederation of All India Traders (CAIT) has requested Minister of Commerce and Industry, Shri Piyush Goyal for strict action against LOTS Whole Solutions owned by SIAM Makro Public Company Limited for blatantly violating the FDI Policy. Confederation of All India Traders “Vyapar Bhawan 925/1, Naiwala, Karol Bagh, New Delhi- 110005. ...
Posted Under:
Fema / RBI
|
News
ED imposes penalty on Amnesty India & its CEO Aakar Patel
editor4
10 Jul 2022
0 comment
The Adjudicating Authority of ED has adjudicated a SCN issued to M/s Amnesty India International Pvt. Ltd.(AIIPL) and its CEO Shri Aakar Patel for contravention of the provisions of FEMA and imposed penalty of Rs. 51.72 Crore and Rs 10 Crore respectively. Enforcement Directorate Press Release 08.07.2022 The Adjudicating Authority of Direc...
Posted Under:
Fema / RBI
|
News
Statistics should focus on laying down pathway towards proper interpretation
editor2
02 Jul 2022
0 comment
In other words, statistics should focus on laying down the pathway towards proper interpretation in the present world of data abundance. This would facilitate more informed decision making, clarity in communication from decision makers and formation of rational expectations from market participants....
Posted Under:
Fema / RBI
|
News
Geopolitical Spillovers and the Indian Economy
editor1
28 Jun 2022
0 comment
Reserve Bank of India Geopolitical Spillovers and the Indian Economy (Keynote Address delivered by Michael Debabrata Patra, Deputy Governor, Reserve Bank of India – June 24, 2022 – Standalone session on ‘Geopolitical Spillovers and the Indian Economy’ organised by the PhD Chamber of Commerce and Industry, New Delhi) Shri P...
Posted Under:
Fema / RBI
|
News
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