Category Archives: other Acts

Revised Para 2.05 of Freign Trade policy (2015-20) on Importer-Exporter Code (IEC)

By | August 9, 2018

Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Notification No. 24/2015-2020  New Delhi, Dated:08 August, 2018 Subject: Amendment in Para 2.05 of Foreign Trade Policy 2015-2020. S.O. (E): In exercise of powers conferred by Section 3 of FT (D&R) Act, 1992, read with paragraph 1.02 and 2.01 of the… Read More »

Revised process of online IEC (Import Export Code) application

By | August 9, 2018

Guidelines On The Online Application Form For Issue/Modification In Importer Exporter Code (IEC) Number- Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Udyog Bhawan, New Delhi -110 011 Trade Notice No. 23/2018-19 New Delhi, Dated the  8th August, 2018 Subject: Amendment in Policy and Procedure for online IEC applications… Read More »

Apply Importer Exporter Code (IEC) online without Digital Signatures

By | August 9, 2018

Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Public Notice No. 27/2015-2020 New Delhi, Dated: 08 August, 2018 Subject: Amendment in Para 2.08 of the Handbook of Procedure 2015-2020. S.O. (E): In exercise of powers conferred under paragraph 2.4 of the Foreign Trade Policy (2015-2020), the Director General of Foreign Trade hereby amends the… Read More »

Zero Tolerance against Corruption in Banks

By | August 7, 2018

Ministry of Finance Zero Tolerance against Corruption Posted On: 07 AUG 2018 6:22PM by PIB Delhi  Central Bureau of Investigation (CBI) has intimated that a total of 273 (268 Regular Cases (RCs) + 05 Preliminary Enquiry (PE)) cases have been registered by CBI relating to corruption in Banks during the year 2017 & 2018 (up… Read More »

Category: RBI

Audit of Banks

By | August 7, 2018

Ministry of Finance Audit of Banks Posted On: 07 AUG 2018 6:21PM by PIB Delhi With regard to Statutory Audit, Reserve Bank of India (RBI) has informed that it has issued Guidelines for appointment of Statutory Central Auditors (SCAs) and Statutory Branch Auditors in Public Sector Banks (PSBs), which covers the norms on eligibility, empanelment and… Read More »

Category: RBI

When Bank will not Accept Cash for making Demand Draft / Transfer of Funds?

By | August 5, 2018

When Bank will not Accept Cash for making Demand Draft / Transfer of Funds? Video Explanation by CA Satbir Singh in Hindi Reserve Bank of India (RBI) Directions to Banks   Issue and Payment of Demand Drafts, etc., Any remittance of funds by way of demand draft, mail/telegraphic transfer/NEFT/IMPS or any other mode and issue of… Read More »

Banks shall use Foreign Currency conversion rate announced by FBIL : RBI

By | August 2, 2018

RBI/2018-19/34 DBR.Ret.BC.No.01/12.01.001/2018-19 August 02, 2018 The Chairperson / CEOs of all Scheduled and Non- Scheduled Banks Dear Sir/Madam, Maintenance of CRR/SLR on Foreign Currency Assets/Liabilities– Reference rate for INR/USD and exchange rate of other major currencies. Please refer to our circular DBOD.No.Ret.BC.113/12.01.001/2011-12 dated June 29, 2012 on Maintenance of CRR on FCNR(B) Scheme advising banks to be… Read More »

Category: RBI