The Reserve Bank of India placed on its website a Working Paper titled “Rules of the Monetary Game” under the Reserve Bank of India Working Paper Series*. The paper is authored by Dr. Prachi Mishra and Dr. Raghuram Rajan. Aggressive monetary policy actions by one country can lead to significant adverse cross-border spillovers on others,… Read More »
Mar 29, 2016 The Reserve Bank of India today clarified some of the provisions of Reserve Bank of India (Interest Rate on Advances) Directions, 2016 (hereinafter called the Directions) relating to the Marginal Cost of Funds based Lending Rate (MCLR) system which comes into effect on April 01, 2016. The changes are: 1. Fixed Rate… Read More »
RBI cancels Certificate of Registration of 22 NBFCs Mar 29, 2016 The Reserve Bank of India (RBI) has cancelled the certificate of registration of the 22 (twenty two) non-banking financial companies (NBFCs) as shown in Annex, in exercise of the powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act,… Read More »
Issue of ₹ 1 denomination currency notes with Rupee symbol (₹) and the inset letter ‘L’ The Reserve Bank of India will soon put into circulation currency notes in one rupee denomination. The notes have been printed by the Government of India. These currency notes are legal tender as provided in The Coinage Act… Read More »
Guidelines on Appointment of Appointed Actuaries and their Mentors Ref:IRDAI/ACTL/GDL/MISC/055/03/2016 Date:22-03-2016 In terms of the powers conferred under section 14 (2) (e ) of the IRDA Act 1999 as amended from time to time, the Insurance Regulatory and Development Authority of India (IRDAI) issues these guidelines on the Appointment of Appointed Actuaries and their Mentors.… Read More »
15th March 2016. It is seen that in CA examinations, sometimes, candidates answer more questions or sub parts of a question, than are required in terms of the instructions given in the question paper. In this connection, it is hereby informed that candidates are required to answer the requisite number of questions as per instructions… Read More »
State Finance Minister Capt. Abhimanyu on Monday presented Haryana Budget 2016-17 with the motto of – “Sabka Sath, Sabka Vikas”. It is second budget of Chief Minister M L Khattar led BJP government. The Budget of this year is increased by 28.4 percent to Rs. 88,781.96 as compared to previous year budget of Rs. 69,140… Read More »
Securities and Exchange Board of India CIRCULAR SEBI/HO/IMD/DF2/CIR/P/2016/42 March 18, 2016 Subject: Circular on Mutual Funds
RBI/2015-16/338 FIDD.MSME & NFS.BC.No.21/06.02.31/2015-16 March 17, 2016 All Scheduled Commercial Banks (Excluding RRBs) Madam / Sir, Framework for Revival and Rehabilitation of Micro, Small and Medium Enterprises (MSMEs) In order to provide a simpler and faster mechanism to address the stress in the accounts of MSMEs and to facilitate the promotion and development of MSMEs,… Read More »
(For the Quarter ending June 2016) Date : Mar 18, 2016 After reviewing the cash position of the Central Government, the Reserve Bank of India, in consultation with Government of India has decided to notify the amounts for the issuance of Treasury Bills for the quarter ending June 2016 as under: Issuance of Treasury Bills… Read More »