VRR for FPIs investment in debt – relaxations

RBI/2019-20/239 A. P. (DIR Series) Circular No. 32 (22/05/2020)

Reserve Bank of India RBI/2019-20/239 A. P. (DIR Series) Circular No. 32 May 22, 2020 To All Authorised persons Madam / Sir, ‘Voluntary Retention Route’ (VRR) for Foreign Portfolio Investors (FPIs) investment in debt – relaxations Attention of Authorised Dealer Category-I (AD Category-I) banks is invited to the Foreign Exchange ...

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RBI allows banks to extend Loan Moratorium upto 31.08.2020

Press Release: 2019-2020/2392 (22/05/2020)

In respect of working capital facilities sanctioned in the form of cash credit/overdraft, lending institutions are being permitted to allow a deferment of another three months, from June 1, 2020 to August 31, 2020, in addition to the three months allowed on March 27, 2020 on payment of interest in respect of all such facilities outstandin...

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RBI reduces policy repo rate by 40 bps to 4%

Press Release : 2019-2020/2391 (22/05/2020)

On the basis of an assessment of the current and evolving macroeconomic situation, the Monetary Policy Committee (MPC) at its meeting today (May 22, 2020) decided to: reduce the policy repo rate under the liquidity adjustment facility (LAF) by 40 bps to 4.0 per cent from 4.40 per cent with immediate effect;...

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Section 10(46) exemption to Kerala Cooperative Development and Welfare Fund Board

Notification No. 26/2020-Income Tax [S.O. 1563(E)] (21/05/2020)

Notification No. 26/2020- Central Government notifies ‘Kerala Cooperative Development and Welfare Fund Board’, Trivandrum (PAN AACTT3875A), a Board constituted by the Government of Kerala, in respect of the specified income arising to that board under section 10(46) of Income Tax Act, 1961. MINISTRY OF FINANCE (Department of Revenue) ...

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Domestic Travel Guideline for Passengers, Airline, Airport

Order No. AV.29017/5/2020-DT (21/05/2020)

Air travel of passengers, both domestic and international, has been prohibited since 25th March 2020. Now it has been decided by Government that domestic air travel of passengers shall resume with effect from 25th May, 2020 (order of MHA dated 20th May, 2020)....

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Inclusion of Gopalpur Port [INGPR1] as notified port for Export Incentives

Notification No. 25/2020-Customs [G.S.R. 307(E)] (21/05/2020)

Notification No. 25/2020-Customs – Notification No. 25/2020-Customs- Inclusion of Gopalpur Port [INGPR1] as notified port for getting benefits under AA/ EPCG schemes and other export incentive schemes like MEIS/SEIS and other such schemes GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 25/2020-Custom...

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CBIC extends last date of export by six months for export of specified period

Notification No. 24/2020-Customs [G.S.R. 306(E)] (21/05/2020)

Notification No. 24/2020-Customs-  Seeks to amend notification No. 56/2000-Customs, dated the 5th May, 2000,  No. 57/2000-Customs, dated the 8th May, 2000 and notification No. 40/2015-Customs, dated the 21st July, 2015 providing for extension of last date of export by six months, for those cases where the last date of export falls betwe...

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Sub-ordination of officers appointed under MGST Act, 2017- Reg

Notification No. GST-1020/C.R.15A/Taxation 1. EO No. 115 (21/05/2020)

Seeks to amend Notification No. GST. 1017/C.R. 94(B)/Taxation-1, Dated 21.6.2017 (regarding sub-ordination of the officers appointed under MGST Act, 2017) FINANCE DEPARTMENT Madam Cama Marg, Hutatma Raiguru Chowk, Mantralaya, Mumbai 400032, dated the 21 st May, 2020. NOTIFICATION MAHARASHTRA GOODS AND SERVICES TAX ACT, 2017. No. GST-1020 ...

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CBIC notifies Rate of Exchange of Foreign Currencies wef 22.05.2020

Notification No. 46/2020 - Customs (N.T.) (21/05/2020)

CBIC notifies Rate of Exchange of Foreign Currencies against India Rupees wef 22.05.2020 vide Notification No. 46/2020-Customs (N.T.), Dated: 21st May, 2020. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) ***** Notification No. 46/2020 – Customs (N.T.) New Delhi, dated t...

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Report of IRDAI Working Group on Revisiting Guidelines on Trade Credit Insurance

Ref No. IRDA/NL/MISC/CRE/121/05/2020 (21/05/2020)

IRDAI Working Group has proposed several changes in the existing guidelines in order to improve the credit insurance market and at the same time meet the requirements of various stakeholders involved in trade related transactions....

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