i. Domestic non-retail corporates having an INR liability may, at their discretion, convert it into a foreign currency liability through a currency swap. ii. For derivative contracts involving INR, Authorised Dealers shall allow a user to book derivative contracts up to USD 10 million equivalent of notional value (outstanding at any point in time) without the need to establish the existence of underlying exposure.
INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY OF INDIA Circular Ref: IRDAI/Life/Cir/Misc/079/04/202 04th April 2020 To All Insurers Sub: Additional time allowed for filing Regulatory Returns This circular is issued further to the Covid 19 related Instructions vide Circular Ref: IRDAI/INSP/ CIR/MISC/077/03/2020 dated 30th March 2020 as an addendum. *Additional Time allowed for filing Regulatory Returns as […]
Where unit linked policies mature and fund value is to be paid in lumpsum, Life Insurers may offer settlement options in accordance with Regulation 25 of IRDA (Linked Insurance Products) Regulations, 2013. This onetime option is regardless of whether such option exists or not in the specific product.
CBIC has decided to take certain measures for a temporary period in terms of section 143AA of the Customs Act, 1962 with a view to expedite Customs clearance of goods and for maintaining balance between Customs control and facilitation of legitimate trade.
in case of a dispute in the date of birth, any of the following documents may be accepted as valid proof of date of birth: > Birth Certificate issued by the Registrar of Births and Deaths. > Any school/education related certificate. > Certificate based on the service records of the Central/State Government Organisations. > Any other reliable document issued by a government department.
RBI permitted receipt of foreign inward remittances from non-residents through non-resident exchange houses in favour of the ‘Prime Minister’s Citizen Assistance and Relief in Emergency Situations (PM-CARES) Fund’,subject to the condition that AD Cat-I banks shall directly credit the remittances to the Fund and maintain the full details of the remitters.
Insurance Regulatory and Development Authority Circular Ref. No:IRDAI/HLT/CIR/MISC/078/04/2020 Date:02-04-2020 Premium payment for renewal of Health Insurance policies falling due during the lockdown period (25th March, 2020 to 14th April, 2020) as a result of COVID 19 situation ALL STAND-ALONE HEALTH INSURERS AND GENERAL INSURERS (OTHER THAN ECGC AND AIC) The Department of Financial Services, Government […]
Premium payment for renewal of Motor Third Party Insurance policies falling due during the lockdown period (25th March, 2020 to 14th April, 2020) as a result of COVID 19 situation
Amendment to the PML Rules, Master Direction on KYC- Notwithstanding anything contained in clauses (e) and (f) above, the small account shall remain operational between April 1, 2020 and June 30, 2020 and such other periods as may be notified by the Central Government.
Reserve Bank of India RBI/2019-20/206 A. P. (DIR Series) Circular No. 27 April 01, 2020 To, All Authorised Dealer Category – I Banks Madam / Sir, Export of Goods and Services-Realisation and Repatriation of Export Proceeds-Relaxation The Government of India as well as the Reserve Bank has been receiving representations from Exporters Trade bodies to […]
