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Govt amends import policy condition of Fresh Ginger produced in Bhutan

May 19, 2022 2442 Views 0 comment Print

Import of Fresh ginger, wholly produced in Bhutan, is Free subject to Article-I of Agreement on Trade, Commerce and Transit between India and Bhutan.

CBIC Notifies Rate of Exchange of Foreign Currencies wef 20.05.2022

May 19, 2022 1227 Views 0 comment Print

CBIC notifies Rate of Exchange of Foreign Currencies against Indian Rupees with effect from 20th May, 2022 vide Exchange rates Notification No. 43/2022-Customs (N.T.) dated 19th May, 2022. GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS ***** Notification No. 43/2022 – Customs (N.T.) New Delhi, dated the 19th […]

Interoperable Card-less Cash Withdrawal (ICCW) at ATMs

May 19, 2022 2262 Views 0 comment Print

All banks, ATM networks and WLAOs may provide the option of ICCW at their ATMs. NPCI has been advised to facilitate Unified Payments Interface (UPI) integration with all banks and ATM networks. While UPI would be used for customer authorisation in such transactions, settlement would be through the National Financial Switch (NFS) / ATM networks.

Govt guaranteed term loan extended by SBI to Sri Lanka Govt

May 19, 2022 876 Views 0 comment Print

In view of the difficulties being experienced by exporters in receipt of export proceeds from Sri Lanka and State Bank of India’s credit facility agreement dated March 17, 2022 with the Government of Sri Lanka for sanction of Government of India guaranteed USD 1000 million term loan to the latter for financing purchase of essential goods by Sri Lanka from India, it has been decided that such trade transactions with Sri Lanka, falling under the said arrangement, may be settled in INR outside the ACU mechanism.

New Definition of Micro, Small & Medium Enterprises – Clarification

May 19, 2022 5229 Views 0 comment Print

Reserve Bank of India RBI/2022-23/52 FIDD.MSME & NFS.BC.No.7/06.02.31/2022-23 May 19, 2022 The Chairman/ Managing Director/Chief Executive Officer All Commercial Banks (including Small Finance Banks, Local Area Banks and Regional Rural Banks) All Primary (Urban) Co-operative Banks/State Co-operative Banks/ District Central Co-operative Banks /All-India Financial Institutions/ All Non-Banking Financial Companies Dear Sir/Madam, New Definition of Micro, […]

Revised format of security cover certificate, monitoring & revision in timelines

May 19, 2022 8970 Views 0 comment Print

The revised format for security cover is enclosed at Annexure I. Further, the obligations of listed entity and Debenture Trustee with respect to preparation and submission of security

Application in Rights Issue – SEBI notifies Gap of atleast 3 working days  

May 19, 2022 768 Views 0 comment Print

It was represented that there should be a minimum gap of three working days considering two days for settlement and one additional day for investor to make application in Rights Issue.

RBI clarifies on presentation of reverse repo on balance sheet

May 19, 2022 2358 Views 0 comment Print

In order to bring more clarity on the presentation of reverse repo on the balance sheet, it has now been decided as under: All type of reverse repos with the Reserve Bank including those under Liquidity Adjustment Facility shall be presented under sub-item (ii) ‘In Other Accounts’ of item (II) ‘Balances with Reserve Bank of India’ under Schedule 6 ‘Cash and balances with Reserve Bank of India’.

PFRDA reconstituted Pension Advisory Committee

May 19, 2022 1119 Views 0 comment Print

Pension Fund Regulatory and Development Authority (PFRDA) hereby reconstitutes  Pension Advisory Committee constituted earlier vide Gazette Notification dated 16th September, 2020 with effect from 19th May, 2022. PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY NOTIFICATION New Delhi, the 19th May, 2022 F. No. PFRDA/17/RES/25.—In exercise of the powers conferred by sub-section (1) of section 45 of […]

Fee structure under IFSCA (Fund Management) Regulations, 2022

May 19, 2022 1329 Views 0 comment Print

Fee structure applicable to all applicants seeking registration as Fund Management Entity as provided under regulation 3 and 12 of IFSCA (Fund Management) Regulations, 2022

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