In its recently concluded Annual Sectoral Review, the CVC expressed extreme displeasure about inordinate delay in finalization of inquiry report by some Inquiry Officers.
CBEC, being satisfied that it is necessary in the public interest so to do, hereby rescinds the notification of the Government of India in the Ministry of Finance (Department of Revenue), number 18/2003-Customs, dated 1st march 2003, published in the Gazette of India, Extraordinary, Part II, Section 3, sub-section(i),vide number G.S.R. 173(E), dated the 1st March 2003, except as respects things done or omitted to be done before such rescission.
Honnavar Port (amending Notification No. 62/1994-Customs (N.T.) dated 21.11.1994. CBEC vide Notification No. 97/2016-CUSTOMS (NT), Dated: July 8, 2016 has declared the following as Customs Port in State of Karnataka for the purpose mentioned against it: S. No. Place Purpose 1. “(9) Honnavar Unloading of imported goods and loading of export goods or any class […]
Amendment to Master Direction on KYC – Operationalisation of Central KYC Registry (CKYCR) and KYC norms for Foreign Portfolio Investors (FPIs)- REs shall capture the KYC information for sharing with the CKYCR in the manner mentioned in the Rules, as required by the revised KYC templates prepared for ‘individuals’ and ‘Legal Entities’ as the case may be.
Co-operative banks which are fulfilling the following criteria as per their latest audited financial statements may raise LTDs without prior approval of the Reserve Bank of India subject to the condition that the outstanding amount of LTD
Attention of Authorised Dealer Category-I (AD Category-I) banks is invited to para no. 5 of the Master Direction No.8 dated January 01, 2016 on ‘Other Remittance Facilities’ in terms of which, AD Category-I banks
Please refer to our circular DGBA.GAD.3175/15.02.005/2015-16 dated April 7, 2016 on the above subject. The Government of India, have vide their Office Memorandum (OM) No.F.No. 1/04/2016 –NS.II dated June 20, 2016, advised the revised rate of interest on various small savings schemes for the second quarter of the financial year 2016-17
The Reserve Bank of India has, from time to time, issued a number of guidelines/instructions/directives to the eligible market participants in regard to call/notice money market, Commercial Paper (CP), Certificates of Deposit (CD) and Non-Convertible Debentures (NCDs) of original or initial maturity up to one year.
The guidelines for priority sector lending by Regional Rural Banks were revised by the Reserve Bank of India vide circular dated December 3, 2015. The Master Direction enclosed incorporates the updated guidelines/ instructions/ circulars on the subject. The list of circulars consolidated in this Master Direction is indicated in the Appendix. The Direction will be updated from time to time as and when fresh instructions are issued. This Master Direction has been placed on the RBI website at www.rbi.org.in.
The Reserve Bank of India has, from time to time, issued a number of guidelines/instructions/directives to banks on Priority Sector Lending. The Master Direction enclosed incorporates the updated guidelines/ instructions/ circulars on the subject.
