RBI/2016-17/263 A.P. (DIR Series) Circular No. 42 March 30, 2017 To All Authorised Persons Madam / Sir, Purchase of foreign exchange from foreign citizens and others Attention of Authorized Persons is invited to the A.P. (DIR Series) Circulars No. 20, 22 and 24 dated November 25, 2016, December 16, 2016 and January 3, 2017 respectively,… Read More »
Date : Mar 30, 2017 RBI advisory on E-wallets The Reserve Bank of India has today advised the users of Pre-paid Payment Instruments (PPIs), including mobile and electronic wallets, that only non-bank entities authorised by RBI under the Payment and Settlement Systems Act, 2007 (the Act) can issue PPI wallets for purchase of goods and… Read More »
Employee Enrolment Campaign extended till 30th June 2017 Social Security coverage under EPFO to the volunteers of Anganwadi, ASHA, Mid-day Meal Workers recommended to the Government. Private Sector Banks allowed to collect contributions on a pilot basis New eligibility condition for exemption under EPF and MP Act approved. The Central Board (EPF) under the… Read More »
Ministry of Corporate Affairs issues fresh notifications wherein, the Central Government intends to provide clarity on the applicability of the threshold exemption limits to all forms of combinations; Clarity on the methodology to be adopted for calculating the relevant assets and turnover of the target when only a portion or segment or business of one… Read More »