Section 177 of Finance Act 2018 [Section 177 of Finance Act 2018 deals with Amendment of section 55 and is covered in CHAPTER VIII MISCELLANEOUS] Amendment of section 55 177. In section 55 of the principal Act,— (i) in sub-section (1), the words “the Reserve Bank and in consultation with” shall be omitted; (ii) in sub-section (3), the… Read More »
Section 175 of Finance Act 2018 [Section 175 of Finance Act 2018 deals with Amendment of section 43 and is covered in CHAPTER VIII MISCELLANEOUS] Amendment of section 43 175. In section 43 of the principal Act, in sub-section (5), the words, figures and letters “, without prejudice to the provisions of section 54AA of the Reserve Bank… Read More »
Section 173 of Finance Act 2018 [Section 173 of Finance Act 2018 deals with Amendment of section 39 and is covered in CHAPTER VIII MISCELLANEOUS] Amendment of section 39 173. In section 39 of the principal Act, in clause (ii), for the words “the Reserve Bank”, the words “the Central Government” shall be substituted. Finance Act 2018 :… Read More »
Section 172 of Finance Act 2018 [Section 172 of Finance Act 2018 deals with Amendment of section 37 and is covered in CHAPTER VIII MISCELLANEOUS] Amendment of section 37 172. In section 37 of the principal Act, in sub-sections (1) and (2), for the words “the Reserve Bank” at both the places where they occur, the words “the… Read More »
Section 166 of Finance Act 2018 [Section 166 of Finance Act 2018 deals with Amendment of section 6 and is covered in CHAPTER VIII MISCELLANEOUS] Amendment of section 6 166. In section 6 of the principal Act,— (a) in sub-section (1),— (i) in clause (ca), the words “the Reserve Bank,” shall be omitted; (ii) in clause (d), for… Read More »
Section 165 of Finance Act 2018 [Section 165 of Finance Act 2018 deals with Amendment of section 5 and is covered in CHAPTER VIII MISCELLANEOUS] Amendment of section 5 165. In section 5 of the principal Act, in sub-section (5), the words “, in consultation with the Reserve Bank, or the Reserve Bank,” shall be omitted. Finance Act… Read More »
Section 167 of Finance Act 2018 [Section 167 of Finance Act 2018 deals with Amendment of section 7 and is covered in CHAPTER VIII MISCELLANEOUS] Amendment of section 7 167. In section 7 of the principal Act, in sub-sections (1), (3) and (4), the words “, in consultation with the Reserve Bank,” shall be omitted. Finance Act 2018… Read More »
RBI/2017-18/144 DGBA.GBD.No.2388/42.01.029/2017-18 March 27, 2018 All agency banks Dear Sir / Madam Annual Closing of Government Accounts – Transactions of Central / State Governments – Special Measures for the Current Financial Year (2017-18) The Government of India has desired that all government transactions with banks for Financial Year 2017-18 must be accounted for within the… Read More »
RBI/2017-18/145 DPSS.CO.CHD.No./2707/03.01.03/2017-18 March 28, 2018 The Chairman and Managing Director / Chief Executive Officer All Scheduled Commercial Banks including Regional Rural Banks/ Urban Co-operative Banks / State Co-operative Banks / District Central Co-operative Banks/Local Area Banks Madam / Dear Sir, Special Clearing operations on March 31, 2018 A reference is invited to the circular issued… Read More »
Reporting and Accounting of Central Government Transactions of March 2018 RBI/2017-18/142 DGBA.GBD.No.2324/42.01.029/2017-18 March 19, 2018 All Agency Banks Dear Sir / Madam, Reporting and Accounting of Central Government Transactions of March 2018 Please refer to Circular DGBA.GAD.No. 2376/42.01.029/2016-17 dated March 16, 2017 advising the procedure to be followed for reporting and accounting of Central Government transactions (including… Read More »