The last date for making declaration under the Pradhan Mantri Garib Kalyan Yojana, 2016 (PMGKY) is 31st March, 2017. Therefore, in order to facilitate the filing of declarations even after the office hours on the last date
Till the issuance of final instructions on MDR for debit card transactions, the extant instructions issued vide our circular dated December 16, 2016 shall continue.
RBI has today advised users of Pre-paid Payment Instruments (PPIs), including mobile and electronic wallets, that only non-bank entities authorised by RBI under Payment and Settlement Systems Act, 2007 (the Act) can issue PPI wallets for purchase of goods and services from third parties and money transfer within India.
Attention of Authorized Persons is invited to the A.P. (DIR Series) Circulars No. 20, 22 and 24 dated November 25, 2016, December 16, 2016 and January 3, 2017 respectively, permitting foreign citizens (i.e. foreign passport holders) to exchange foreign exchange for Indian currency notes up to a limit of Rs. 5000/- per week till January 31, 2017.
It has been decided to assign the lead bank responsibility of districts hitherto held by the Associate banks to State Bank of India. Accordingly, lead bank responsibility is assigned as follows:
As per the Gazette of India Notification G.S.R. 157 (E) dated February 22, 2017, the merger of State Bank of Hyderabad with State Bank of India has been notified. The Order called the Acquisition of State Bank of Hyderabad Order, 2017 comes into effect on April 1, 2017.
Functionality for processing Paper ITRs filed for AY 2016-17 in Forms ITR-1, 2, 2A and 4S will be available w.e.f. 04.2017 in Income Tax Business Application (ITBA).
After issuance of the Public Notice No. 63 dated 27.03.2017, a number of representations have been received seeking clarification on this Public Notice. Accordingly, the followings are clarified:
Attention is invited to Board’s Circular no. 69/2000-Cus dated 28.8.2000 providing that for fool-proof and expeditious examination and speedier disbursal of drawback on carpets, the field formations may constitute expert panels consisting of textile experts drawn from the Department and from the Export Promotion Council/Trade.
Insolvency and Bankruptcy Code, 2016 (31 of 2016), – Central Government hereby appoints the 1st April, 2017 as the date on which the provisions of the following sections of the said Code shall come into force
