Foreign Exchange Management (Deposit) Regulations, 2000 – Exemption thereof

By |

RBI/2014-15/360 A.P. (DIR Series) Circular No.51 December 17, 2014 To All Category - I Authorised Dealer Banks Madam / Sir, Foreign Exchange Management (Deposit) Regulations, 2000 - Exemption thereof Attention of Authorised Dealer Category-I (AD Category-I) banks is invited to Regulation 4(5) of the Foreign Exchange Management (Deposit) Regulations, 2000, notified vide Notificati...
Read More


RBI releases Data on India’s International Trade in Services: October 2014

By |

The Reserve Bank of India today released the data on India's International Trade in Services for October 2014. The value of exports and imports of services during October 2014 was: Table: International Trade in Services (US$ Million) Month Receipts (Exports) Payments (Imports) July 2014 13,344 6,822 August 2014 12,242 6,767 ...
Read More


Flexible Structuring of Existing Long Term Project Loans to Infrastructure and Core Industries

By |

RBI/2014-15/354 DBR.No.BP.BC.53/21.04.132/2014-15 December 15, 2014 The Chairman and Managing Director/Chief Executive Officer All Scheduled Commercial Banks (Excluding Local Area Banks and Regional Rural Banks) Dear Sir, Flexible Structuring of Existing Long Term Project Loans to Infrastructure and Core Industries Please refer to our circular DBOD.No.BP.BC.24/21.04.132/2014-15 da...
Read More


Companies ( Amendment) Bill, 2014 to be placed in Lok Sabha

By |

A phenomenal move has taken place as the Union cabinet to place the Companies (Amendment) Bill, 2014 in the Lok Sabha for discussion. Attached is the copy of the Bill to be presented in the Lok Sabha which can be accessed below. Companies (Amendment) Bill, 2014...
Read More


Foreign Direct Investment (FDI) in India – Review of FDI policy – Sector Specific conditions- Railway Infrastructure

By |

RBI/2014-15/341 A.P.(DIR Series) Circular No.47 December 8, 2014 To All Category – I Authorised Dealer banks Madam/Sir, Foreign Direct Investment (FDI) in India – Review of FDI policy – Sector Specific conditions- Railway Infrastructure Attention of Authorised Dealer Category – I (AD Category-I) banks is invited to Annex A and Annex B of Schedule 1 to the Foreign Exchange ...
Read More


Introduction of Digital Life Certificates for Pensioners

By |

RBI/2014-15/343 DGBA.GAD.H- 2529/45.01.001/2014-15 December 9, 2014 The Chairman/Chief Executive Officer All agency banks Dear Sir Introduction of Digital Life Certificates for Pensioners As per the present scheme for payment of government pension, pensioners are required to furnish a life certificate in November every year to the bank concerned for continued receipt of pension with...
Read More


Levy of Penal Charges on Non-maintenance of Minimum Balances in Savings Bank Accounts

By |

RBI/2014-15/349 DCBR.BPD (PCB/RCB) Cir. No. 3/12.05.001/2014-15 December 12, 2014 The Chief Executive Officer All Primary (Urban) Co-operative Banks / State and Central Co-operative Banks (St CBs / CCBs) Madam / Dear Sir, Levy of Penal Charges on Non-maintenance of Minimum Balances in Savings Bank Accounts Please refer to UBD circular UBD.PCB.Cir.No.15/12.05.001/2008-09 dated Septem...
Read More


Tax Tribunal Rules against Vodafone, says Transfer Pricing case lies within IT’s jurisdiction

By |

British telecom giant Vodafone's tax issues continue, with the tax appellate tribunal which decided that the case was very well within the jurisdiction of the Income Tax department in the Rs 8,500 crore transfer pricing tax dispute involving the sale of its call centre business to Hutchison in 2007. The ITAT was hearing a 2012 plea of Vodafone India Services challenging the jurisdiction of...
Read More


Rural Infrastructure Development Fund (RIDF) & Other Funds

By |

RBI/2014-15/345 FIDD.CO.Plan.BC.46/04.09.59/2014-15 December 10, 2014 The Chairman/Managing Director/ Chief Executive Officer (All Scheduled Commercial Banks excluding RRBs) Dear Sir/Madam, RIDF and other funds Please refer to our Circular RPCD.CO.Plan.BC.66/04.09.54/2011-12 dated March 16, 2012 on the above subject. In this connection, it has been decided to restructure the classi...
Read More


Overseas Investments by Alternative Investment Funds (AIF)

By |

RBI/2014-2015/344 A.P.(DIR Series) Circular No.48 December 09, 2014 To All Category-I Authorised Dealer Banks Madam / Sir, Overseas Investments by Alternative Investment Funds (AIF) Attention of the Authorised Dealer (AD - Category I) banks is invited to Regulation 26 of Notification No. FEMA.120/RB-2004 dated July 7, 2004 [Foreign Exchange Management (Transfer or Issue of any Foreign...
Read More


1 2 3 642