Keeping in view the change in demographic profile of the staff in banks on account of retirement leading to shortage of staff to conduct internal audit which is an important component of Risk Based Supervision (RBS), it has been decided to permit banks to engage the services of its retired officials for assisting in internal audit
With effect from June 30, 2017, all unrated claims on corporates, AFCs, and NBFC-IFCs having aggregate exposure from banking system of more than INR 200 crore will attract a risk weight of 150%.
In cases where a derivative contract is restructured, the mark-to-market value of the contract on the date of restructuring should be cash settled. In this context, it is clarified that cash settlement of only the change in mark-to-market value of the restructured derivative contract is required.
The aggregate exposure limit of all banks towards the PCE for a given bond issue has been capped at 20 per cent of the bond issue size. On a review, it has been decided to increase the aggregate exposure limit from the banking system to 50 per cent of the bond issue size, with a limit up to 20 per cent of the bond issue size for an individual bank.
RBI permits brokers registered with the Securities and Exchange Board of India (SEBI) and authorised as market makers in corporate bond market to undertake repo / reverse repo contracts in corporate debt securities subject to the Directions ibid.
Gilt account holders (GAH) may enter into a repo2 transaction with its custodian or another GAH of the same custodian; Co-operative banks may enter into repo transactions with all eligible market participants, including NBFCs;
Denomination of coins.—The coins of the following denominations shall also be coined at the Mint for issue under the authority of the Central Government to commemorate the occasion of University of Mysore Centenary Celebrations, namely
Commissioner, Value Added Tax, Government of NCT of Delhi, do hereby withdraw notifications No. F3(643)/Policy/VAT 2016/1585-1597 dated 1st March 2016, and notifications No. F.3(643)/Policy/Vat/2016/419-431 dated 1st July, 2016 regarding mandatory requirement of filing returns in Form DVAT 16 or in Form 17, as the case may be, with digital signatures.
In exercise of the powers conferred by sub-section (5) of Section 10 of the Maharashtra Value Added Tax Act, 2002 (Mah. IX of 2005), the Commissioner of Sales Tax, Maharashtra State, Mumbai, hereby amends the Notification No. Sr. DC (A&R)/PWR/ 1006/2/ADM-3, dated the 6th October 2007 as follows, namely:
the Central Government being satisfied, that it is necessary in the public interest so to do, hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue) No. 22/2003- Central Excise dated the 31st March, 2003
