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Understanding RBI’s Decision to Phase Out Incremental CRR: What It Means for Banks

September 8, 2023 1254 Views 0 comment Print

RBI’s recent announcement on phasing out of Incremental Cash Reserve Ratio (I-CRR). Understand impact on system liquidity and what it means for various types of banks.

Govt Approves Aadhaar Authentication by 3 Firms for Section 11A of Money-laundering Act

September 6, 2023 1026 Views 0 comment Print

Indian government has permitted Fedbank Financial Services, Amrit Malwa Capital, and Nissan Renault Financial Services to perform Aadhaar authentication under Section 11A of the Money-laundering Act.

CBIC revises effective duty for certain products wef 6th September, 2023

September 5, 2023 1596 Views 0 comment Print

CBIC amends Notification No. 50/2017-Customs, dated the 30th June, 2017 February, 2021 in order to revise effective duty for certain products vide Notification No. 53/2023-Customs Dated: 5th September, 2023. Government of India Ministry of Finance (Department of Revenue) New Delhi Notification No. 53/2023-Customs | Dated: 5th September, 2023 G.S.R. 656(E).— In exercise of the powers conferred […]

Customs Duty Amendments for Textile Machinery Exemptions

September 5, 2023 2373 Views 0 comment Print

Notifications No. 52/2023-Customs Dated: 5th September, 2023, modifying duty exemptions on textile machinery. Analysis of changes & implications.

RBI Expands UPI to Include Pre-Sanctioned Credit Lines

September 4, 2023 765 Views 0 comment Print

Reserve Bank of India extends Unified Payments Interface (UPI) to include pre-sanctioned credit lines from Scheduled Commercial Banks.

Prevention of Money-laundering (Maintenance of Records) Second Amendment Rules, 2023

September 4, 2023 6033 Views 0 comment Print

Explore 2023 updates to Prevention of Money-laundering (Maintenance of Records) Rules. Learn how these changes impact trust, control, and reporting.

Formulation of RE 2023-2024 and BE 2024-2025-reg

September 4, 2023 1383 Views 0 comment Print

An analysis of the Ministry of Home Affairs’ latest memorandum on formulation of Revised Estimates (RE) for 2023-2024 and Budget Estimates (BE) for 2024-2025. Learn what’s new, what to prioritize, and what this means for administrative divisions.

Advisory on Tax Levy for Tourist Vehicles under All India Tourist Permit Rules

September 4, 2023 1182 Views 0 comment Print

Read advisory from Ministry of Road Transport and Highways regarding levy of taxes on tourist vehicles under All India Tourist Vehicles Permit Rules.

India’s High Level Committee on One Nation, One Election: What You Need to Know

September 2, 2023 2232 Views 0 comment Print

India’s High Level Committee to examine the issue of One Nation, One Election. Learn about its constitution, members, and key responsibilities.

Govt increases SAED on export of Diesel wef 02nd September, 2023

September 1, 2023 612 Views 0 comment Print

Notification No. 29/2023-Central Excise Dated: 1st September, 2023 to further amend No. 04/2022-Central Excise, dated the 30th June, 2022, to increase the Special Additional Excise Duty on export of Diesel. GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of Revenue) Notification No. 29/2023-Central Excise |Dated: 1st September, 2023 G.S.R. ….(E). – In exercise of the powers conferred […]

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