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Notifications/Circulars

Balances held by banks with RBI under SDF shall not be eligible for CRR maintenance

April 8, 2022 2475 Views 0 comment Print

It is decided that the balances held by banks with the RBI under the SDF shall be an eligible Statutory Liquidity Ratio (SLR) asset and such balances shall form part of ‘Cash’ for SLR maintenance. Banks shall report the SDF balances under ‘Cash in hand’ in Form VIII or Form I, as applicable.

Individual Housing Loans – Rationalisation of Risk Weights till 31.03.2023

April 8, 2022 933 Views 0 comment Print

Rationalization of risk weights on Individual Housing Loans in terms of which risk weights were rationalised irrespective of the amount, for all new housing loans sanctioned from October 16, 2020 and up to March 31, 2022. On review, it has been decided to continue with the risk weights contained in circular DOR.No.BP.BC.24/08.12.015/2020-21 dated October 16, […]

Ministry of Commerce and Industry, Footwear Design and Development Institute, Executive Director Recruitment (Amendment) Rules, 2022

April 8, 2022 444 Views 0 comment Print

These rules may be called the Ministry of Commerce and Industry, Footwear Design and Development Institute, Executive Director Recruitment (Amendment) Rules, 2022.

Guidelines for Establishment of Digital Banking Units

April 7, 2022 1194 Views 0 comment Print

Digital Banking refers to present and future electronic banking services provided by a licensed bank for the execution of financial, banking and other transactions and/or orders/instruments through electronic devices / equipment over web sites (i.e online banking), mobile phones (i.e mobile banking) or other digital channels as determined by the bank, which involve significant level of process automation and cross-institutional service capabilities running under enhanced technical architecture and differentiated business model / strategy.

Amendment in details of an authorized agency under Appendix 2E of FTP, 2015-2020

April 7, 2022 429 Views 0 comment Print

The name of `Ernakulam Chamber of Commerce’, enlisted under Appendix 2E of FTP, 2015-20, has been amended as ‘Kerala Chamber of Commerce & Industry’ along with the contact details of the Chamber. Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Udyog Bhawan Public Notice No. 02/2015-2020-DGFT New […]

No contravention of IBC Code of Conduct by RP if he takes Insurance cover for himself & insolvency professional entity

April 7, 2022 1335 Views 0 comment Print

The issue before the DC is whether taking insurance cover for Ernst & Young LLP, apart from himself and the insolvency professional entity i.e. Ernst & Young Restructuring LLP, was in contravention of the provisions of the Code, Regulations and the Code of Conduct made thereunder. The DC notes that since the RP and his […]

CBIC Notifies Rate of Exchange of Foreign Currencies wef 08.04.2022

April 7, 2022 1548 Views 0 comment Print

CBIC notifies Rate of Exchange of Foreign Currencies against Indian Rupees with effect from 8th April, 2022 vide Exchange rates Notification No. 32/2022 – Customs (N.T.) dated the 7th April, 2022. GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS ***** Notification No. 32/2022 – Customs (N.T.) New Delhi, […]

Functioning of Central Registration Unit for GST registrations

April 7, 2022 2115 Views 0 comment Print

Chief Commissioner of State Tax, Rajasthan hereby assign the functions related to registration under the said Act. to the officers as mentioned in column no.2, for the purposes of Sections of the said Act mentioned in column no. 3 and for the jurisdiction as mentioned in column no. 4 against each of them in the table given below .

Guidelines in pursuance of amendment to SEBI KYC Registration Agency (KRA) Regulations, 2011

April 6, 2022 2271 Views 0 comment Print

KRAs shall continue to act as repository of KYC data in the securities market and shall be responsible for storing, safeguarding and retrieving the KYC documents and submit to the Board or any other statutory authority as and when required.

CBDT amends Income Tax rule 2F & rule 8B & release new Form No. 5B & 5BA

April 6, 2022 4776 Views 0 comment Print

CBDT amends Income Tax rule 2F, rule 8B and introduces new FORM NO. 5B – Application for notification of a zero coupon bond under clause (48) of section 2 of the Income-tax Act, 1961 and Form No. 5BA – Certificate of an accountant under sub-rule (6) of rule 8B vide Notification No. 28/2022-Income-Tax Dated: 6th April, 2022. MINISTRY OF […]

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