The Central Bureau of Investigation has today arrested a Deputy Commissioner of Income Tax, Mumbai and his two accomplices (private persons) in an alleged bribery of Rs. Three crore. A case was registered against the Deputy Commissioner of Income Tax, Mumbai on the allegations of demanding an illegal gratification amounting to Rs. 3 crore...
Press Release No.: 57/2017 -
In order to facilitate growth of Infrastructure Investment Trusts (InvITs) and Real Estate investment Trust (REITs), SEBI Board, has approved certain changes in the captioned regulations, which, inter alia, include the following...
Press Release: 2017-2018/685 -
RBI actually uses sophisticated Currency Verification & Processing (CVPS) machines for checking the numerical accuracy and genuineness of the currency notes, including SBNs. These machines are way superior to the note counting machines. ...
Press Release No.: 56/2017 -
Ascertaining acquisition of ‘control’ under the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (“Takeover Regulations”) requires consideration of facts and circumstances of each case. This results in a multitude of opinions. In view of the same, it was decided by the Board, in its meeting held on March 12...
Press Release : 2017-2018/545 -
The Reserve Bank of India introduced the ₹ 200 denomination notes today. Introduction of this denomination is expected to facilitate exchange transactions for the common man and provide complete series of denomination for transactions at the lower end. ...
Press Releases No. 54/2017 -
It had come to the notice of the Securities and Exchange Board of India (SEBI) that there are increasing instances of bulk SMSs being sent to investors and the general public inducing them to invest in or purchase the stocks of certain listed companies, indicating target prices and giving fraudulent misleading/false information....
Press Release: 2017-2018/481 -
RBI Introduces ₹ 50 banknote in Mahatma Gandhi (New) Series The Reserve Bank of India will shortly issue ₹ 50 denomination banknotes in the Mahatma Gandhi (New) Series, bearing signature of Dr. Urjit R. Patel, Governor, Reserve Bank of India. The new denomination has motif of Hampi with Chariot on the reverse, depicting the country’...
PR No. 53/2017- SEBI -
It has been SEBI’s continuous endeavor to improve ease of doing business by adopting technological solutions in its interface with market participants. Accordingly, SEBI has operationalized SEBI Intermediary Portal (https://siportal.sebi.gov.in) for the intermediaries to submit their applications online in paperless manner....
Press Releases No.: 50/2017 -
Gujarat International Finance Tec-City International Financial Service Centre (GIFT City IFSC) has been set up with an objective to, inter alia, enable Indian entities to compete on an equal footing with offshore financial centres and to provide facilities and regulations comparable to other leading international financial centres in the ...
Press Release: 2017-2018/326 and 2017-2018/325 -
On the basis of an assessment of the current and evolving macroeconomic situation at its meeting today, the Monetary Policy Committee (MPC) decided to reduce the policy repo rate under the liquidity adjustment facility (LAF) by 25 basis points from 6.25 per cent to 6.0 per cent with immediate effect....