RBI Archives - NewsTaxIndia

Simplified Hedging Facility- Draft Guidelines

April 13, 2017 NewsTaxIndia0 comments819 views

RBI announces draft guidelines of Simplified Hedging Facility for Residents and Non-Residents Date : Apr 12, 2017 The Reserve Bank of India today released draft guidelines of Simplified Hedging Facility for Residents and Non-Residents which permits dynamic hedging of currency risk and simplifies the procedure … Continue Reading →

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RBI Released Financial Literacy Material for Public Awareness

March 13, 2017 NewsTaxIndia0 comments1911 views

The Reserve Bank of India has published a booklet titled FAME (Financial Awareness Messages) to provide basic financial literacy messages for the information of the general public. It contains eleven institution/product neutral financial awareness messages, such as, documents to be submitted while opening a bank … Continue Reading →

RBI

100% Foreign Direct Investment is allowed in ‘E-commerce’ through Automatic Route

March 13, 2017 NewsTaxIndia0 comments988 views

100% Foreign Direct Investment (FDI) is allowed in ‘E-commerce’ through automatic route: Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Fourth Amendment) Regulations, 2017 G.S.R. 224 (E).—In exercise of the powers conferred by clause (b) of sub-section (3) … Continue Reading →

RBI

100% Foreign Direct Investment is allowed in ‘E-commerce’ through Automatic Route

March 13, 2017 NewsTaxIndia0 comments862 views

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RBI Master Direction – Money Transfer Service Scheme (MTSS)

February 25, 2017 NewsTaxIndia0 comments1439 views

Master Direction – Money Transfer Service Scheme (MTSS) RBI/ FED/ 2016-17/ 52 FED Master Direction No.1/ 2016-17 dated February 22, 2017 1. Introduction 1.1 Money Transfer Service Scheme (MTSS) is a quick and easy way of transferring personal remittances from abroad to beneficiaries in India. Only … Continue Reading →

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RBI Instruction on Repayment of Gold Loan by Regional Rural Banks (RRBs)

February 16, 2017 NewsTaxIndia0 comments899 views

RBI Instruction on Repayment of Gold Loan by Regional Rural Banks (RRBs) Please refer to circular RPCD.CO.RRB.BC.No.22/03.05.34/2010-11 dated September 22, 2010 wherein Regional Rural Banks (RRBs) were permitted to grant gold loans up to Rs.1.00 lakh with bullet repayment option. On a review, it … Continue Reading →

RBI

RBI: Cash withdrawals limit from Savings Bank accounts will be Rs. 50,000 per week

February 8, 2017 NewsTaxIndia0 comments811 views

The Reserve Bank of India vide its Notification dated February 08, 2017 has announced for Removal of Cash withdrawals limit from Saving Bank Accounts. In the said notification it is said that on a review of the pace of remonetisation, Reserve Bank partially restored status … Continue Reading →

RBI

Prohibition on Indian Party from making direct investment in ‘Non Co-Operative Countries and Territories’

January 25, 2017 NewsTaxIndia0 comments945 views

Prohibition on Indian Party from making direct investment in countries identified by the Financial Action Task Force (FATF) as “Non Co-operative countries and territories” Continue Reading →

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RBI Master Directions on Access Criteria for Payment Systems

January 22, 2017 NewsTaxIndia0 comments982 views

RBI Master Directions on Access Criteria for Payment Systems: RBI/DPSS/2016-17/51 Master Direction DPSS. CO. OD. No. 1846/04.04.009/2016-17 dated January 17, 2017 A reference is invited to our circular DPSS.CO.OD.494/04.04.009/2011-2012 dated September 21, 2011 prescribing the Access Criteria for Payment Systems. These Master Directions, being issued under … Continue Reading →

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RBI Master Directions on Access Criteria for Payment Systems

January 22, 2017 NewsTaxIndia0 comments946 views