RBI/2015-16/355 REF.No.MPD.BC.380 /07.01.279/2015-16 Chaitra 16, 1938 (Sake) April 5, 2016 To All Primary Dealers Dear Sir/Madam, Standing Liquidity Facilities for Primary Dealers Please refer to the First Bi-monthly Monetary Policy statement 2016-17 by Dr. Raghuram G Rajan, Governor dated April 5, 2016, in terms of which the repo rate under the Liquidity Adjustment Facility (LAF)… Read More »
RBI/2015-2016/356 FMOD.MAOG. No.113 /01.18.001/2015-16 April 5, 2016 All Scheduled Commercial Banks (excluding RRBs) Madam / Sir, Marginal Standing Facility As announced by the Governor today, it has been decided to reduce the Marginal Standing Facility (MSF) rate by 75 basis points from 7.75 per cent to 7.00 percent with immediate effect. All other terms and… Read More »
RBI/2015-2016/357 FMOD.MAOG. No. 112 /01.01.001/2015-16 April 05, 2016 All Scheduled Commercial Banks (excluding RRBs), Scheduled Urban Co-operative Banks and Standalone Primary Dealers Madam / Sir, Liquidity Adjustment Facility – Repo and Reverse Repo Rates As announced in the Monetary policy by the Governor today, it has been decided to reduce the Repo rate under the… 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 »
Difference Between NRO Account and NRE Account Difference Between NRO Account and NRE Account : Eligibility Eligibility for Non-Resident (External) Rupee Account Scheme – NRE Account : – Non-resident Indians (NRIs) and Person of Indian Origin (PIOs) are permitted to open and maintain these accounts with authorised dealers and with banks (including cooperative banks) authorised by the Reserve… Read More »
RBI has issued the following Notifications relating to NRO Account, NRE Account, FCNR Account , SNRR Account THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)] RESERVE BANK OF INDIA (Foreign Exchange Department) (CENTRAL OFFICE) NOTIFICATION Mumbai, the 1st April, 2016 No. FEMA 5(R)/2016-RB Foreign Exchange Management (Deposit) Regulations, 2016 G.S.R. 389(E).—In exercise of the powers… Read More »
THE GAZETTE OF INDIA EXTRAORDINARY [PART II—SEC. 3(i)] RESERVE BANK OF INDIA (Foreign Exchange Department) (CENTRAL OFFICE) NOTIFICATION Mumbai, the 1st April, 2016 No. FEMA 13 (R)/2016-RB Foreign Exchange Management (Remittance of Assets) Regulations, 2016 G.S.R. 388(E).—In exercise of the powers conferred by Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999)… Read More »
HIMACHAL PRADESH VAT Electronic Declaration of tax invoices/ bills/ cash memos for intra-State movement of goods – Amendment in Rule 61B of Himachal Pradesh Value Added Tax Rules, 2005 Himachal Pradesh Government vide Notification No. EXN-F(10)-7/2011- Vol I dated 28thMarch, 2016 has made it mandatory for e-declaration in Form VAT-XXVI by dealers before dispatching taxable… Read More »
RBI/2015-16/352 DBS.CO.PPD.10887/11.01.005/2015-16 March 31, 2016 The Chairman/ The Chief Executive Officer All Scheduled Commercial Banks (Excluding RRBs) Madam/Dear Sir, Risk Based Supervision – Follow up of Risk Management Systems in Banks We invite your kind attention to the provisions contained in our Circular No. DBS.CO.PPD.BC/14//11.01.005/2003-04 dated June 26, 2004, in terms of which, banks are… Read More »
RBI/2015-16/350 A.P. (DIR Series) Circular No.58 March 31, 2016 To All Authorised Dealer Category – I Banks Madam/Sir, Foreign Direct Investment (FDI) in India – Review of FDI policy –Insurance sector Attention of Authorised Dealer Category – I (AD Category-I) banks is invited to the Foreign Exchange Management (Transfer or Issue of Security by a… Read More »