Monthly Archives: July 2016

RBI Guidelines on Issuance & Operation of Pre-paid Payment Instruments in India

By | July 15, 2016

RBI/2016-2017/16 DPSS.CO.PD.PPI.No.01/02.14.006/2016-17 July 01, 2016 All Prepaid Payment Instrument Issuers, System Providers, System Participants and all other Prospective Prepaid Payment Instrument Issuers Madam / Dear Sir, Master Circular – Policy Guidelines on Issuance and Operation of Pre-paid Payment Instruments in India As you are aware, the Reserve Bank of India has, from time to time,… Read More »

Mobile Banking in India – RBI Operative Guidelines for Banks

By | July 15, 2016

RBI/2016-17/17 DPSS.CO.PD.Mobile Banking.No./2/02.23.001/2016-2017 July 1, 2016 The Chairman and Managing Director / Chief Executive Officers All Scheduled Commercial Banks including RRBs / Urban Co-operative Banks / State Co-operative Banks / District Central Co-operative Banks Madam /Dear Sir, Master Circular – Mobile Banking transactions in India – Operative Guidelines for Banks As you are aware, the… Read More »

Sovereign Gold Bonds 2016-17 – Operational Guidelines

By | July 15, 2016

RBI/2016-17/19 IDMD.CDD.No.112/14.04.050/2016-17 July 14, 2016 The Chairman & Managing Director All Scheduled Commercial Banks (Excluding RRBs) Designated Post Offices Stock Holding Corporation of India ltd.(SHCIL) National Stock Exchange of India Ltd. & Bombay Stock Exchange Dear Sir/Madam, Sovereign Gold Bonds, 2016-17 – Operational Guidelines This has reference to the GoI notification F.No.4(7)-W&M/2016 and RBI circular… Read More »

Sovereign Gold Bonds 2016-17 – Series I: open from 18th july 2016

By | July 15, 2016

Sovereign Gold Bonds 2016-17 – Series I RBI/2016-17/18 IDMD.CDD.No.2020/14.04.050/2016-17 July 14, 2016 The Chairman & Managing Director All Scheduled Commercial Banks, (Excluding RRBs) Designated Post Offices Stock Holding Corporation of India Ltd.( SHCIL) National Stock Exchange of India Ltd. & Bombay Stock Exchange Dear Sir/Madam, Sovereign Gold Bonds 2016-17 – Series I Government of India… Read More »

5th SIT report on curbing circulation of black money in India Submitted to Supreme Court

By | July 14, 2016

The Fifth SIT report has been submitted before the Hon’ble Supreme Court by the SIT. An extract of the report has been uploaded on Department of Revenue website www.dor.gov.in. which are as follow :- The SIT has made the following recommendations in the Fifth Report: 1 CHAPTER: I CASH HOLDINGS 1. Provision for curbing circulation… Read More »

Instruction No 5/2016 Income Tax Dtd 14.07.2016 : Limited Scrutiny enquiry

By | July 14, 2016

Instruction No. 5/2016 [F.NO.225/269/2015-ITA.11], Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes North Block, New Delhi, the 14th of July, 2016 Subject: Direction regarding scope of enquiry in cases under ‘Limited Scrutiny’ selected through CASS 2015 & 2016-regd.- Vide Instruction No. 20/2015 dated 29.12.2015 in File of even number, Board has laid down Standard… Read More »