Category Archives: other Acts

Inclusion of Equitas Small Finance Bank Limited in the Second Schedule to RBI Act

By | February 17, 2017

Inclusion of “Equitas Small Finance Bank Limited” in the Second Schedule to the Reserve Bank of India Act, 1934 RBI/2016-17/230 DBR.No.Ret.BC.52/12.07.143A/2016-17 February 16, 2017 All Scheduled Commercial Banks Dear Sir, Inclusion of “Equitas Small Finance Bank Limited” in the Second Schedule to the Reserve Bank of India Act, 1934 We advise that the “Equitas Small Finance… Read More »

Category: RBI

RBI seeks Comments on Rationalisation of Merchant Discount Rate (MDR) for Debit Card Transactions

By | February 17, 2017

The Reserve Bank of India has today placed on its website for public feedback the draft circular on rationalisation of Merchant Discount Rate (MDR) for debit card transactions. The comments/ suggestions/ feedback, if any, may be sent by post to the Chief General Manager, Department of Payment and Settlement Systems, Reserve Bank of India, Central… Read More »

Category: RBI

Lead Bank Responsibility for 21 new districts in Telangana

By | February 17, 2017

Formation of twenty one new districts in the State of Telangana – Assignment of Lead Bank Responsibility RBI/2016-17/227 FIDD.CO.LBS.BC.No.21/02.08.001/2016-17 February 16, 2017 The Chairmen & Managing Directors All Lead Banks Dear Sir/Madam, Formation of twenty one new districts in the State of Telangana – Assignment of Lead Bank Responsibility The Government of Telangana vide Gazette… Read More »

Category: RBI

Reimbursement of Merchant Discount Rate by RBI to banks on debit cards used for payment of tax and non-tax dues to Govt

By | February 17, 2017

RBI/2016-17/228 DGBA.GAD.No.2128/44.02.001/2016-17 February 16, 2017 All Agency Banks Dear Sir, Reimbursement of Merchant Discount Rate The Government of India (GoI) has decided to absorb the Merchant Discount Rate (MDR) charges in respect of debit card transactions while making payments to GoI. The Office Memoranda issued by the Office of Controller General of Accounts dated December… Read More »

Category: RBI

Gold Loan by Regional Rural Banks – RBI increased Limit

By | February 17, 2017

RBI/2016-17/229 DBR.RRB.BC.No. 53/31.01.001/2016-17 February 16, 2017 All Regional Rural Banks Dear Sir / Madam, Repayment of Gold Loan Please refer to circular RPCD.CO.RRB.BC.No.22/03.05.34/2010-11 dated September 22, 2010 wherein Regional Rural Banks (RRBs) were permitted to grant gold loans up to Rs.1.00 lakh with bullet repayment option. 2. On a review, it has been decided to… Read More »

Category: RBI

Now It is Easier to File Petition in Supreme Court for Poor -Middle Income Group Scheme

By | February 16, 2017

Now It is Easier to File Petition for Poor Now, it is easier for the middle and relatively lower income group to avail and enjoy the legal services of the country. The Hon’ble Supreme Court of India has introduced the Middle Income Group Scheme. It is a self supporting scheme which provides legal services to… Read More »

Supreme Court Judgment on Sasikala & jayalalitha in corruption case

By | February 15, 2017

STATE OF KARNATAKA … … APPELLANT(S) : Versus: SELVI J. JAYALALITHA & ORS. … RESPONDENT(S) WITH CRIMINAL APPEAL NOS. 304-307 OF 2017 (Arising out of SLP(Crl.) Nos.6294-6297 of 2015) Download Complete Judgment on Sasikala & jayalalitha in corruption case

Deposit of Specified Bank Notes (SBNs) – Chest Balance Limit / Cash Holding Limit

By | February 13, 2017

Deposit of Specified Bank Notes (SBNs) – Chest Balance Limit / Cash Holding Limit RBI/2016-17/226 DCM (Plg) No.3217/10.27.00/2016-17 February 13, 2017 The Chairman / Managing Director/ Chief Executive Officer (All banks maintaining currency chests) Dear Sir / Madam, Deposit of Specified Bank Notes (SBNs) – Chest Balance Limit / Cash Holding Limit Please refer to… Read More »

Category: RBI

ICAI elects New Torch-Bearers for the year 2017-18

By | February 13, 2017

Press Release ICAI elects New Torch-Bearers for the year 2017-18 The Institute of Chartered Accountants of India (ICAI) is a statutory body established by the Chartered Accountants Act, 1949 for the regulation of the profession of Chartered Accountants in India. The affairs of the ICAI are managed by the Council in accordance with the provisions… Read More »

ICAI increased Entrance, Annual Membership, COP and Restoration Fee w.e.f 01.04.2017

By | February 13, 2017

Increase in Entrance, Annual Membership, COP and Restoration Fee [TO BE PUBLISHED IN PART III, SECTION 4 OF THE GAZETTE OF INDIA, EXTRAORDINARY DATED, 9TH FEBRUARY, 2017] THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA New Delhi, the 9th February, 2017 NOTIFICATION No.1-CA(7)/179/2017:- In exercise of the powers conferred under sub-section (3) of section 4 and… Read More »