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Notifications/Circulars

Discontinuation of Return under Foreign Exchange Management Act, 1999

June 9, 2022 918 Views 0 comment Print

Reserve Bank of India RBI/2022-23/69 A.P. (DIR Series) Circular No. 05 June 09, 2022 AD Category I banks Madam/ Sir, Discontinuation of Return under Foreign Exchange Management Act, 1999 Attention of Authorised Persons is invited to A.P. (DIR series) circular No 26, dated February 18, 2022, wherein Authorised Persons were advised about proposed discontinuation of the […]

Notaries (Amendment) Rules, 2022

June 9, 2022 17448 Views 0 comment Print

(1) These rules may be called the Notaries (Amendment) Rules, 2022. (2) They shall come into force on the date of their publication in the Official Gazette.

NPS/APY Functionalities released by CRAs during Quarter IV (FY 2021-22)

June 9, 2022 387 Views 0 comment Print

The Central Record Keeping Agencies (CRAs) appointed by PFRDA develop system level functionalities as per the evolving needs of NPS/APY stakeholders in accordance with Section 21 of PFRDA Act 2013.

RBI Increases policy repo rate by 50 basis points (Notifications)

June 8, 2022 711 Views 0 comment Print

As announced in the Monetary Policy Statement 2022-23 dated June 08, 2022, the Bank Rate is revised upwards by 50 basis points from 4.65 per cent to 5.15 per cent with immediate effect.

RBI increases policy repo rate by 50 basis points to 4.90 per cent

June 8, 2022 552 Views 0 comment Print

Reserve Bank of India Governor’s Statement In my statement of May 4, 2022, I had mentioned that as we navigate through this difficult period, it is necessary to be sensitive to the new realities and incorporate them into our thinking. The war in Europe is lingering and we are facing newer challenges each passing day which […]

CBIC extends ADD on pneumatic tyres of specific specifications

June 8, 2022 663 Views 0 comment Print

Seeks to amend notification no. 45/2017-Customs (ADD) dated 18th September, 2017 to extend the ADD on pneumatic tyres of specific specifications from China PR upto 17th December, 2022. MINISTRY OF FINANCE (Department of Revenue) New Delhi, the 8th June, 2022 Notification No. 21/2022-Customs (ADD) G.S.R. 430(E).—Whereas, the designated authority, vide, initiation notification F. No. 7/02/2022-DGTR, […]

RBI Guidelines for Doorstep Banking by UCBs

June 8, 2022 1065 Views 0 comment Print

UCBs which offer services of pick-up of cash may take suitable steps to educate their employees and agents to enable them to detect forged and mutilated notes so as to avoid frauds and disputes with customers.

Enhancement in Individual Housing Loan limits & credit to Commercial Real Estate – Residential Housing (CRE-RH)

June 8, 2022 1854 Views 0 comment Print

Reserve Bank of India RBI/2022-23/67 DOR.CRE.REC.43/09.22.010/2022-23 June 08, 2022 All State Co-operative Banks (StCBs) All District Central Co-operative Banks (DCCBs) Madam / Dear Sir, Enhancement in Individual Housing Loan limits and credit to Commercial Real Estate – Residential Housing (CRE-RH) Please refer to our circulars RPCD CO.RCBD.BC.No.15 /03.03.01/2009-10 dated  August 13, 2009, RPCD.CO.RF.BC.No.109/07.38.01/2008-09 dated May […]

Individual Housing loans – Enhancement in limits

June 8, 2022 600 Views 0 comment Print

RESERVE BANK OF INDIA RBI/2022-23/68 DOR.CRE.REC.42/09.22.010/2022-23 | Dated: June 08, 2022 All Primary (Urban) Co-operative Banks, Madam / Dear Sir, Individual Housing loans – Enhancement in limits Please refer to circular UBD.BPD.(PCB). Cir.No.7/09.22.010/2011-12 dated October 31, 2011 on the above subject. 2. As announced in the Statement on Developmental and Regulatory Policies (para no.1 annexed), […]

Govt waives interest for specified e-commerce operators under GST

June 7, 2022 2043 Views 0 comment Print

Govt provides waiver of interest for specified electronic commerce operators for specified tax periods vide Notification No. 08/2022 –Central Tax, Dated: 07.06.2022. Interest waived for certain e-commerce operators who could not file FORM GSTR-8 due to technical glitch on the Portal. The waiver is given for specified periods and is from the date of deposit […]

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