Reserve Bank of India
RBI/2019-20/36
DBR.No.Ret.BC.10/12.01.001/2019-20
August 07, 2019
The Chairperson / CEOs of all Scheduled and Non Scheduled Banks
Dear Sir / Madam
Change in Bank Rate
Please refer to our circular DBR.No.Ret.BC.44/12.01.001/2018-19 dated June 06, 2019, on the captioned subject.
2. As announced in the Third Bi-Monthly Monetary Policy Statement 2019-20 of August 07, 2019, the Bank Rate is revised downwards by 35 basis points from 6.00 per cent to 5.65 per cent with immediate effect.
3. All penal interest rates on shortfall in reserve requirements, which are specifically linked to the Bank Rate, also stand revised as indicated in the Annex.
Yours faithfully,
(Dr.S.K.Kar)
Chief General Manager
Encl. : As above
Annex
Penal Interest Rates which are linked to the Bank Rate
|
Item |
Existing Rate |
Revised Rate |
| Penal interest rates on shortfalls in reserve requirements (depending on duration of shortfalls). | Bank Rate plus 3.0 percentage points (9.00 per cent) or Bank Rate plus 5.0 percentage points (11.00 per cent). | Bank Rate plus 3.0 percentage points (8.65 per cent) or Bank Rate plus 5.0 percentage points (10.65 per cent). |
Reserve Bank of India
RBI/2019-20/35
REF.No.MPD.BC.388/07.01.279/2019-20
August 07, 2019
All Primary Dealers,
Standing Liquidity Facility for
Primary Dealers
In the Third Bi-monthly Monetary Policy Statement 2019-20 of the Monetary Policy Committee (MPC) of August 07, 2019, the policy repo rate under the Liquidity Adjustment Facility (LAF) has been reduced by 35 basis points to 5.40 per cent from 5.75 per cent with immediate effect.
2. Accordingly, the Standing Liquidity Facility provided to Primary Dealers (PDs) (collateralised liquidity support) from the Reserve Bank would be available at the revised repo rate of 5.40 per cent with effect from August 07, 2019.
Yours faithfully,
(Janak Raj)
Principal Adviser
—————————————
Reserve Bank of India
RBI/2019-2020/34
FMOD.MAOG. No.135/01.18.001/2019-20
August 7, 2019
All Marginal Standing Facility (MSF) participants
Madam/Sir,
Marginal Standing Facility
As announced in the Third Bi-monthly Monetary Policy Statement, 2019-20, today, it has been decided by the Monetary Policy Committee (MPC) to reduce the policy Repo rate under the Liquidity Adjustment Facility (LAF) by 35 basis points from 5.75 per cent to 5.40 per cent with immediate effect.
2. Consequently, the Marginal Standing Facility (MSF) rate stands adjusted to 5.65 per cent with immediate effect.
3. All other terms and conditions of the extant MSF scheme will remain unchanged.
Yours sincerely
(Radha Shyam Ratho)
Chief General Manager
—————————————————-
Reserve Bank of India
RBI/2019-2020/33
FMOD.MAOG. No.134/01.01.001/2019-20
August 7, 2019
All Liquidity Adjustment Facility (LAF) participants
Madam/Sir,
Liquidity Adjustment Facility – Repo and Reverse Repo Rates
As announced in the Third Bi-monthly Monetary Policy Statement, 2019-20, today, it has been decided by the Monetary Policy Committee (MPC) to reduce the policy Repo rate under the Liquidity Adjustment Facility (LAF) by 35 basis points from 5.75 per cent to 5.40 per cent with immediate effect.
2. Consequently, the Reverse Repo rate under the LAF stands adjusted to 5.15 per cent with immediate effect.
3. All other terms and conditions of the extant LAF Scheme will remain unchanged.
Yours sincerely
(Radha Shyam Ratho)
Chief General Manager
(Above post been published after replacing earlier post which become obsolete now but comments are not been removed)
Certificate powers like GST Practitioner or Course Certificate
why don’t you plan in Surat?
WHAT IS THE LAST DATE FOR REMITTING THE FEES THRO ON LINE
I want to attend this 4 days course either Mumbai Goa or Bangalore please let me know about admission process
dear sir,
the trick of getting grip ON GST is to understand the GSTIN WEB PORTAL THOROUGHLY with practical hands on experience of complaince of indirect tax for computation of tax liability based on output/taxable turnover and inputs/purchase of goods&services for example the gstin portal how it feeds inputs data related to computation is not clear if below format is to be fed into gstin portal:-
aggregate/total turnover:- Rs.
Less: exempt under gst-hsd/petrol tc- Rs.
Less: below threshold limit inward supplies/ purchases of goods and services-non gst (below rs.20Lacs turnover not required gst registration)
Less: outward supply/sales of goods and service to non gst-below threshold limit customers
Less: tran1 inputs
Less: any other deductions
Less: income/expenses accounted after july17 but transactions/claims related to prior to july17 as per agreements/contracts etc.
———————————————————
taxable turn over:-
gst rate-hsn/sac code wise
gst amount
inter state
intra state
gst set off
gst liability
cgst
sgst
igst
kindly submit detailed article with screen shots of gstin portal to capture above practical concerns.
DO YOU HAVE ANY PLAN TO CONDUCT THIS COURSE IN STATE OF CHHATTISGARH.
N.D. Patil And Sons Pro; N.D. Patil GSTIN No .27AKSPP2666H1ZJ SHIRPUR DISTRICT DhULIA WISH TO join This 4 Days GST CERTIFICATION COURSE arrange by GOI FOR the purpose Of
business Community ,I shall Join At MSME Office SAKI NAKA Overseas Bank Second Floor. I Shall Pay Rs.7500 At Counter In Sakinaka MSME Course period . N.D. Patil Mo No .9850302269
Please let us know if the said course & lecture taken place at thane city.
Anything like this in Nagpur…?
Please inform.
i want to know is there any course at or near guwahati or in any other place at assam
My brother son who yet tobe completed B.Com course ,some papers are there to complete it and he is now working at Auditor’s Office and know everything on GST and attending now and do all GST matters , whether he is eligible to attend the course and gets the certificate for his practice on future days
My daughter is now at PUNE and she already registered and got GSTN certificate. She wants to get in course at PUNE.
Is there any plan to organise at PUNE please inform to this mail for easy to join at PUNE now it self
Why always last moments notification only to Bangaloreans.. need at least 2 week advance information to attend. Kindly look into it.
I would like to join course on 19th May 2018 at your Saltlake centre.
Request to provide the details to my e mail.
IS IT RECOGNISED BY GOVT.OF INDIA,. LIKE ON PAR WITH TRP OR AUTHORISED INCOME TAX PRACTITIONER CERTIFICATE ISSUED BY C.I.T..& WHETHER THE ASSESSEE IS ELIGIBLE TO APPROACH THE BANKS FOR LOAN BASING ON THE SIGNATURE BY US. PL. EXPLAIN.
THANKS
: PREM SAGAR KUNDE
Do you have plan to conduct this course at Cochin and Bangalore.
Do you have plan to conduct this course in near future in Kanpur/Lucknow.
I would like to know about the course that is their
Anyplace near chandigarh to attend the course
ER. MADAN SINGH sdo
INVITATION TO JOIN CERTIFICATION COURSE AT PUNE , MAHARASHTRA , WILL U PROVIDE ADDRESS