Category Archives: other Acts

India’s Foreign Trade: February 2017

By | March 15, 2017

India’s Foreign Trade: February, 2017 MERCHANDISE TRADE EXPORTS (including re-exports) In continuation with the revival exhibited by exports since September 2016, exports during February 2017 for the first time exhibited a double digit positive growth of 17.48 per cent in dollar terms valued at US$ 24490.27 million as compared to US$ 20845.73 million during February,2016.… Read More »

Sovereign Gold Bond- Dematerialisation

By | March 14, 2017

Date : Mar 14, 2017 The Reserve Bank of India, in consultation with the Government of India, has issued six tranches of Sovereign Gold Bonds for a total value of ₹ 4145 crore till date. Investors in these bonds have been provided with the option of holding them in physical or dematerialized form. The requests… Read More »

Category: RBI

100% FDI in e commerce websites via automatic route allowed in India by Govt

By | March 11, 2017

RESERVE BANK OF INDIA (Foreign Exchange Department) (CENTRAL OFFICE) NOTIFICATION Mumbai, the 9th March , 2017 No. FEMA.387/2017-RB Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Fourth Amendment) Regulations, 2017 G.S.R. 224 (E).—In exercise of the powers conferred by clause (b) of sub-section (3) of Section 6 and Section… Read More »

NBFC to Disburse loans against gold above Rs 20000 in non cash mode -RBI

By | March 11, 2017

RBI/2016-17/245 DNBR (PD) CC.No.086/03.10.001/2016-17 March 09, 2017 All NBFCs Madam/ Sir, Disbursal of loan amount in cash Reference is invited to instructions contained in para 37(iii)(b) of Non-Banking Financial Company – Non-Systemically Important Non-Deposit taking Company (Reserve Bank) Directions, 2016 and Non-Banking Financial Company – Systemically Important Non-Deposit taking Company and Deposit taking Company (Reserve… Read More »

De-sealing of Business Premises – Delhi Vat Department Circular

By | March 11, 2017

DEPARTMENT OF TRADE & TAXES, GOVT. OF NCT OF DELHI (POLICY BRANCH) VYAPAR BHAWAN, LP..ESTATE, NEW DELHI. NoF.30/Policy/VAT/2016/1249-54 (645) Dated: 08/03/2017 CIRCULAR NO. 27 OF 2016-17 Subject:- De-sealing of Business Premises In line with the directions of Honrble High Court Delhi, in the matter of Sh. Narender Singh Vs. Deptt. of T&T (in WP(C)1627/2017), the… Read More »

RBI App- Now RBI website at your fingertips

By | March 10, 2017

Date : Mar 10, 2017 The Reserve Bank of India today formally launched a mobile application (app) version of the Reserve Bank of India’s website (www.rbi.org.in). The app is available on Android as well as iOS platforms and can be downloaded from the Play Store/App Store in one’s Android phone/iPhone, respectively, using the keyword “Reserve… Read More »

7 new districts in Manipur – Assignment of Lead Bank Responsibility by RBI

By | March 10, 2017

RBI/2016-17/248 FIDD.CO.LBS.BC.No.23/02.08.001/2016-17 March 9, 2017 The Chairmen & Managing Directors All Lead Banks Dear Sir/Madam, Formation of seven new districts in the State of Manipur – Assignment of Lead Bank Responsibility The Government of Manipur vide Gazette Notification dated December 8, 2016 had notified the creation of seven new districts in the State of Manipur.… Read More »

Category: RBI

SEBI Payment of Fees& Mode of Payment Regulations 2017 -Notification -06.03.2017

By | March 8, 2017

SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 6th March, 2017 SECURITIES AND EXCHANGE BOARD OF INDIA (PAYMENT OF FEES AND MODE OF PAYMENT) (AMENDMENT) REGULATIONS, 2017 1. These Regulations may be called the Securities and Exchange Board of India (Payment of Fees and Mode of Payment) (Amendment) Regulations, 2017. 2. They shall come… Read More »