The “Panama Papers” revelations have thrown light on Panama’s culture and secretive ways of carrying out business. Panama is the last major tax haven that continues to allow funds to be hidden offshore from tax and law enforcement authorities flouting international best practices with impunity. The OECD has been leading a global crackdown on these… Read More »
Panama Papers What are Panama Papers ? 2.6-terabyte leak of confidential papers of Panamanian law firm called “Mossack Fonseca ” to the International Consortium of Investigative Journalists is called Panama Papers. Mossack Fonseca was helping foreigners to set up Panamanian shell companies to hold financial assets while obscuring the identities of their real owners. The documents provide… Read More »
Finacle commands Selective Finacle menu options / Finacle commands for your ready reference.Few commands vary from Bank to Bank but most of them are common to all Banks using Finacle as their as their CBS application SL COMMANDS/MENUS Function of the Finacle Menu 1. AALI A/c Abnormal Limits/Details Inquiry 2. ABMR Report of Accounts Below… Read More »
THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)] RESERVE BANK OF INDIA (Foreign Exchange Department ) (CENTRAL OFFICE ) NOTIFICATION Mumbai, the 31st March, 2016 Foreign Exchange Management (Establishment in India of a branch office or a liaison office or a project office or any other place of business) Regulations, 2016 G.S.R.384.—In exercise of… Read More »
THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)] MINISTRY OF FINANCE (Department of Economic Affairs) NOTIFICATION New Delhi, the 29th March, 2016 G.S.R. 356 (E).- In exercise of the powers conferred by section 15 of the Government Savings Banks Act, 1873 (5 of 1873), the Central Government hereby makes the following rules further to… Read More »
THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)] MINISTRY OF FINANCE (Department of Economic Affairs) NOTIFICATION New Delhi, the 29th March, 2016 G. S. R. 349(E).— In exercise of the powers conferred by section 15 of the Government Savings Banks Act, 1873 (5 of 1873), the Central Government hereby makes the following rules further… Read More »
Gold Monetisation Scheme Liberalized to make it more attractive for potential depositors. Government had launched the Gold Monetisation Scheme (GMS) on 5th November, 2015. Thereafter a number of modifications have been made in the scheme to facilitate monetization of gold by people. The scheme has been further modified on 31st March, 2016. Now, for the… Read More »
RBI/2015-16/353 DBR.IBD.BC.89/23.67.001/2015-16 March 31, 2016 All Scheduled Commercial Banks (excluding RRBs) Dear Sir/Madam, Gold Monetisation Scheme, 2015 In exercise of the powers conferred under Section 35A of the Banking Regulation Act, 1949, the Reserve Bank of India hereby directs that the Reserve Bank of India (Gold Monetisation Scheme, 2015) Master Direction No.DBR.IBD.No.45/23.67.003/2015-16 dated October 22,… Read More »
Government releases Indian Intellectual Property Panorama A single window interface for information on Intellectual Property and guidance on leveraging it for competitive advantage. That is what the Indian IP Panorama, released by the Government of India today, offers. The portal seeks to increase awareness and build sensitivity towards IP, among stakeholders in the SME sector,… Read More »
Guidelines for Foreign Direct Investment (FDI) on E commerce 100% FDI under automatic route is permitted in marketplace model of e commerce FDI is not permitted in inventory based model of e commerce Click to Download Complete Guidelines FDI in E commerce