reserve bank of india

Resolution of Stressed Assets: Towards Endgame – Understanding RBI Governor’s observations from speech delivered on August 19, 2017

Fema / RBI - On August 19, 2017, Mr. Urjit Patel, Governor, RBI spoke on the inaugural session of the National Conference on Insolvency and Bankruptcy: Changing Paradigm, Mumbai, and emphatically mentioned the present precarious position of the Balance Sheet of the banks in India and the efforts of RBI, Ministry of Finance as well the banks themselves...

Read More

RBI Report of Household Finance Committee – Some fun with your assets & liabilities as compared to developed countries

Fema / RBI - R B I –  Report of the Household Finance Committee: Some fun with your assets and liabilities as compared to the developed countries  When my nephews and nieces, all well placed in life, when we got together recently, were involved in a heated exchange of the assets and liabilities position of an individual of India […]...

Read More

RBI rules on customer’s liability on unauthorized electronic banking transactions (Frauds)

Fema / RBI - On 6th July , 2017, RBI has come out with a new circular capping the liabilities of Bank customers in the event of unauthorized electronic banking transactions (put simply, frauds). The guidelines given in the circular is applicable for all Commercial banks, Small banks and payment banks in India....

Read More

Section 8 Microfinance companies: Overview, Requirements & Registration

Fema / RBI - Microfinance is a source of financial services for entrepreneurs and small businesses, it is a type of Non-Banking Financial Company (NBFC) which is in a business of micro credit finance to individuals and small business. It is also known as Micro Finance Institution (MFI)....

Read More

Action Plan for NPA Ordinance – Sequel 2

Fema / RBI - Complementing the Ordinance on Non-Performing Assets (NPA) which originally brought a whole new breeze in the resolution space in India, RBI has come up with a press release as a further to the first step in crystallizing the concept as laid down in the Ordinance. RBI has brought a lot of changes for the purpose of implementation of the ...

Read More

98.96% of SBNs come back to the RBI after demonetization

Fema / RBI - Taking into consideration, the value of SBNs now reported to have been counted, approximately 98.96% of SBNs in value terms have come back to the RBI after demonetization. In other words, only an estimated Rs. 16000 crore worth of SBNs have not come back to the RBI so far....

Read More

RBI Can ask any bank to initiate insolvency resolution process in respect of a default

Fema / RBI - Ordinance {Banking Regulation (Amendment) Ordinance, 2017} has been promulgated on 4th May 2017 authorizing RBI to issue directions to any banking company to initiate insolvency resolution process in respect of a default, under the provisions of the Insolvency and Bankruptcy Code, 2016 (IBC) An Ordinance {Banking Regulation (Amendment) Or...

Read More

RBI Committee to refer accounts for resolution under IBC 2016

Fema / RBI - Reserve Bank of India (RBI) has constituted an Internal Advisory Committee (IAC), which arrived at an objective, non-discretionary criterion for referring accounts for resolution under Insolvency and Bankruptcy Code, 2016 (IBC). Reserve Bank of India (RBI) has constituted an Internal Advisory Committee (IAC), which arrived at an objective...

Read More

Features of Sovereign Gold Bond Scheme 2017-18– Series II

Fema / RBI - Government of India in consultation with RBI decides to issue Sovereign Gold Bond Scheme 2017-18– Series II; Applications for the bond will be accepted from July 10, 2017 to July 14, 2017; The Bonds will be issued on July 28, 2017. Government of India, in consultation with the Reserve Bank of India, has decided to […]...

Read More

RBI Second Bi-monthly Monetary Policy Statement, 2017- 18

Fema / RBI - Since the April 2017 meeting of the MPC, global economic activity has expanded at a modest pace, supported by firming growth in major advanced economies (AEs) and in some emerging market economies (EMEs) as well. ...

Read More

Unrealised loss on outstanding interest rate swaps would be allowable as business deduction

J P Morgan Chase Bank Vs. ADIT (ITAT Mumbai) - This decision is relevant to assessees following RBI guidelines for accounting for interest rates swaps. Companies which are claiming unrealised loss on outstanding interest rate swaps at the year end would find this ruling useful. While this ruling ...

Read More

Mere disclosure of any income or loss without disclosing particulars of income or loss cannot be said to be a full and true disclosure of facts for determining total income under IT Act

Survidhi Financial Services Ltd. Vs. ACIT (ITAT Delhi) - Merely because the assessee is not required to disclose the particulars of sale and purchase of units in audit report obtained under the Companies Act, it cannot be a bona fide reason or an excuse for not disclosing the same in the statement of accounts or any annexure filed along with the return of...

Read More

Adjustment of notional royalty, for the know how transferred to Indian company, against the purchase consideration for the products manufactured for t

Robert Bosch GmbH Vs. ACIT (ITAT Bangalore) - Recently, the Bangalore bench of the Income-tax Appellate Tribunal (the Tribunal) in the case of Robert Bosch GmbH v. ACIT [2010-TII-149-ITAT-BANG-INTL] (the taxpayer) while rejecting the contention of the tax department held that the taxpayer is not expected to make royalty income with reference to...

Read More

Gains on sale of shares allotted under cashless ESOP plan not taxable as capital gains

Mr. Bomi S. Billimoria Vs. A.C, Mumbai (ITAT Mumbai) - The Income-Tax Appellate Tribunal, Mumbai in the case of Mr. Bomi S. Billimoria vs. A.C Cir 23(1), Mumbai (ITA No.2120/Mum/1998) held that in case no payment has been made for acquiring shares under Employee Stock Option Plan, the gain on sale of said shares should not be liable to capital gains tax...

Read More

Payment made to foreign company for outright purchase of plant and know-how cannot be considered as ‘Royalty’

CIT v. Maggronic Devices Pvt. Ltd. (Himachal Pradesh High Court) - Recently, the Himachal Pradesh High Court in the case of CIT v. Maggronic Devices Pvt. Ltd. [2009-TIOL-568-HC-HP-IT] held that payment made by the taxpayer to a Singapore company for outright purchase of plant and product knowhow cannot be considered as ‘Royalty’ within the provisions of the Inc...

Read More

RBI given power to fix limit for Cash Withdrawal at Counter & from ATM

S.O. 3599(E) - (30/11/2016) - Cash withdrawal from a bank account over the counter shall be such as may be specified by the Reserve Bank of India from time to time: Provided that cash withdrawal from a current account shall be such as may be specified by the Reserve Bank of India from time to time:...

Read More

What you must know about New Rs. 500 Banknotes

Press Release : 2016-2017/1146 Dated- 08.11.2016, Press Release : 2016-2017/1196 - (13/11/2016) - The new ₹ 500 banknotes are different from the earlier specified bank note (SBN) series in colour, size, theme, location of security features and design elements...

Read More

Overseas Direct Investment– Rationalization & reporting of ODI Forms

RBI//2015-16/374 A.P. (DIR Series) Circular No. 62 - (13/04/2016) - A new reporting format has also been introduced for Venture Capital Fund (VCF) / Alternate Investment Fund (AIF), Portfolio Investment and overseas investment by Mutual Funds as per the format in Annex II and Annex III. In case of reporting purchase and repurchase of ESOPs, the AD banks may continue...

Read More

RBI relaxes mandate of Additional Factor of Authentication for small value card

Press Release : 2014-2015/2407 - (14/05/2015) - The Reserve Bank has today released the final circular on the relaxation in requirement of additional factor of authentication (AFA) for small value card present transactions for values up to ₹ 2,000/- per transaction across all merchant categories. This is in line with the ...

Read More

RBI Policy on eligibility, empanelment & selection of Statutory Auditors for 2014-15

/08.91.008/2014-15 - (06/02/2015) - Department of Financial Services. Ministry of Finance. Government of India vide their letter NO'. F.No.1/14/2004-BOA dated November 25, 2014 has advised us that Government has decided that the work of selection and appointment of Statutory Central Auditors (SCAs) is delegated to individual Public Se...

Read More

reserve bank of india’s Popular Posts

Recent Posts in "reserve bank of india"

Resolution of Stressed Assets: Towards Endgame – Understanding RBI Governor’s observations from speech delivered on August 19, 2017

On August 19, 2017, Mr. Urjit Patel, Governor, RBI spoke on the inaugural session of the National Conference on Insolvency and Bankruptcy: Changing Paradigm, Mumbai, and emphatically mentioned the present precarious position of the Balance Sheet of the banks in India and the efforts of RBI, Ministry of Finance as well the banks themselves...

Read More
Posted Under: Fema / RBI |

98.96% of SBNs come back to the RBI after demonetization

Taking into consideration, the value of SBNs now reported to have been counted, approximately 98.96% of SBNs in value terms have come back to the RBI after demonetization. In other words, only an estimated Rs. 16000 crore worth of SBNs have not come back to the RBI so far....

Read More
Posted Under: Fema / RBI |

RBI Report of Household Finance Committee – Some fun with your assets & liabilities as compared to developed countries

R B I –  Report of the Household Finance Committee: Some fun with your assets and liabilities as compared to the developed countries  When my nephews and nieces, all well placed in life, when we got together recently, were involved in a heated exchange of the assets and liabilities position of an individual of India […]...

Read More
Posted Under: Fema / RBI |

RBI Can ask any bank to initiate insolvency resolution process in respect of a default

Ordinance {Banking Regulation (Amendment) Ordinance, 2017} has been promulgated on 4th May 2017 authorizing RBI to issue directions to any banking company to initiate insolvency resolution process in respect of a default, under the provisions of the Insolvency and Bankruptcy Code, 2016 (IBC) An Ordinance {Banking Regulation (Amendment) Or...

Read More
Posted Under: Fema / RBI |

RBI Committee to refer accounts for resolution under IBC 2016

Reserve Bank of India (RBI) has constituted an Internal Advisory Committee (IAC), which arrived at an objective, non-discretionary criterion for referring accounts for resolution under Insolvency and Bankruptcy Code, 2016 (IBC). Reserve Bank of India (RBI) has constituted an Internal Advisory Committee (IAC), which arrived at an objective...

Read More
Posted Under: Fema / RBI |

RBI rules on customer’s liability on unauthorized electronic banking transactions (Frauds)

On 6th July , 2017, RBI has come out with a new circular capping the liabilities of Bank customers in the event of unauthorized electronic banking transactions (put simply, frauds). The guidelines given in the circular is applicable for all Commercial banks, Small banks and payment banks in India....

Read More
Posted Under: Fema / RBI |

Features of Sovereign Gold Bond Scheme 2017-18– Series II

Government of India in consultation with RBI decides to issue Sovereign Gold Bond Scheme 2017-18– Series II; Applications for the bond will be accepted from July 10, 2017 to July 14, 2017; The Bonds will be issued on July 28, 2017. Government of India, in consultation with the Reserve Bank of India, has decided to […]...

Read More
Posted Under: Fema / RBI |

RBI Second Bi-monthly Monetary Policy Statement, 2017- 18

Press Release : 2016-2017/3304 (07/06/2017)

Since the April 2017 meeting of the MPC, global economic activity has expanded at a modest pace, supported by firming growth in major advanced economies (AEs) and in some emerging market economies (EMEs) as well. ...

Read More
Posted Under: Fema / RBI |

Section 8 Microfinance companies: Overview, Requirements & Registration

Microfinance is a source of financial services for entrepreneurs and small businesses, it is a type of Non-Banking Financial Company (NBFC) which is in a business of micro credit finance to individuals and small business. It is also known as Micro Finance Institution (MFI)....

Read More
Posted Under: Fema / RBI |

Action Plan for NPA Ordinance – Sequel 2

Complementing the Ordinance on Non-Performing Assets (NPA) which originally brought a whole new breeze in the resolution space in India, RBI has come up with a press release as a further to the first step in crystallizing the concept as laid down in the Ordinance. RBI has brought a lot of changes for the purpose of implementation of the ...

Read More
Posted Under: Fema / RBI |
Page 1 of 7312345...102030...Last »

Browse All Categories

CA, CS, CMA (3,481)
Company Law (3,409)
Custom Duty (6,607)
DGFT (3,449)
Excise Duty (4,043)
Fema / RBI (3,249)
Finance (3,455)
Income Tax (25,020)
SEBI (2,734)
Service Tax (3,281)

Search Posts by Date

September 2017
M T W T F S S
« Aug    
 123
45678910
11121314151617
18192021222324
252627282930