Regarding import of Opal Glassware from people™s Republic of China and UAE.
GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No103/2011-Customs G.S.R. (E). - Whereas in the matter of imports of Opal Glassware (hereinafter referred to as the subject goods), falling under heading 7013 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975) (hereinafter referred as the said Customs Tariff Act), originating… Read More
Interest Rates on Non-Resident (External) Rupee (NRE) Deposits and FCNR (B) Deposits
RBI/2011-12/277 RPCD.CO.RRB.BC.No. 36/03.05.33 (C) /2011-12 The Chairmen All Regional Rural Banks Dear Sir, Interest Rates on Non-Resident (External) Rupee (NRE) Deposits and FCNR (B) Deposits 1. Interest Rates on Non-Resident (External) Rupee (NRE) Deposits Please refer to paragraph 1 of our circular RPCD.CO.RRB.BC.No. 63/03.05.33(C) /2008-09 dated November 17, 2008 on Interest Rates on Deposits held in Non-Resident (External)… Read More
Deregulation of Savings Bank Deposit Interest Rate – Guidelines
RBI/2011-12/272 RPCD.CO.RRB.BC.No.33/ 03.05.33/2011-12 All Regional Rural Banks Dear Sir, Deregulation of Savings Bank Deposit Interest Rate - Guidelines Please refer to our circular RPCD.CO.RRB.BC.No.68/03.05.33/2010-11 dated May 3, 2011. 2. As indicated in the Second Quarter Review of Monetary Policy announced on October 25, 2011, it has been decided to deregulate the savings bank deposit interest rate with… Read More
External Commercial Borrowings (ECB) Policy Parking of ECB proceeds
RBI/2011-12/274 A.P. (DIR Series) Circular No. 52 To All Authorised Dealer Category I Banks Dear Madam / Sir, External Commercial Borrowings (ECB) Policy Parking of ECB proceeds Attention of Authorized Dealer Category-I (AD Category-I) banks is invited to A.P. (DIR Series) Circular No. 26 dated October 22, 2008 relating to the External Commercial Borrowings (ECB). 2. At… Read More
Interest Rates on Non-Resident (External) Rupee (NRE) Deposits and FCNR(B) Deposits
RBI/2011-12/275 DBOD.Dir.BC. 59/13.03.00/2011-12 All Scheduled Commercial Banks (excluding RRBs) Dear Sir/Madam Interest Rates on Non-Resident (External) Rupee (NRE) Deposits and FCNR(B) Deposits 1. Interest Rates on Non-Resident (External) Rupee (NRE) Deposits Please refer to paragraph 1 of our circular DBOD.No.Dir.BC.82/13.03.00/2008-09 dated November 15, 2008 on Interest Rates on Deposits held in Non-Resident (External) Rupee (NRE) Accounts. In… Read More
Payment of Cheques/Drafts/Pay Orders/Banker’s Cheques
RBI/2011-12/270 RPCD.CO RCB. AML.BC.No.32/07.40.00/2011-12 The Chairmen / CEOs of All State and Central Co-operative Banks Dear Sir, Payment of Cheques/Drafts/Pay Orders/Banker's Cheques In India, it has been the usual practice among bankers to make payment of only such cheques and drafts as are presented for payment within a period of six months from the date… Read More
Foreign Investments in Infrastructure Debt Funds
RBI/2011-12/271 A.P. (DIR Series) Circular No. 49 To, All Category I Authorised Dealer banks Madam / Sir, Foreign Investments in Infrastructure Debt Funds Attention of Authorised Dealers Category I (AD Category - I) banks is invited to Schedule 5 to the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India)… Read More
Frauds Classification and Reporting
RBI 2011-12/266 DBS.FrMC.BC.No.4/23.04.001/2011-12 The Chairmen & Chief Executive Officers of all Scheduled Commercial Banks (excluding RRBs) and All India Select Financial Institutions Dear Sir, Frauds Classification and Reporting Please refer to our letter DBS. FrMC. BC. No.1 /23.04.001/2011-12 dated July 01, 2011 forwarding the Master Circular on 'Frauds Classification and Reporting'. 2. Following the constitution of Financial… Read More
Mid Sea Trans-shipment of catch by Deep Sea Fishing Vessel
RBI/2011-12/267 A.P. (DIR Series) Circular No. 48 To All Category-I Authorised Dealer Banks Madam / Sir, Mid Sea Trans-shipment of catch by Deep Sea Fishing Vessel Attention of Authorised Dealer Category-I (AD Category-I) banks is invited to Regulation 3 of Foreign Exchange Management (Export of Goods and Services) Regulations, 2000 notified vide Notification No. FEMA 23/2000-RB… Read More
Infrastructure Debt Funds (IDFs)
RBI/2011-12/268 DNBS.PD.CC.No.249/03.02.089/2011-12 To All NBFCs excluding RNBCs Infrastructure Debt Funds (IDFs) The Finance Minister had in his budget speech for the year 2011-2012 announced the setting up of Infrastructure Debt Funds (IDFs), to facilitate the flow of long-term debt into infrastructure projects. The IDF will be set up either as a trust or as a… Read More
Banks as sponsors to Infrastructure Debt Funds (IDFs)
RBI/2011-12/269 DBOD.FSD.BC.No. 57/24.01.006/2011-12 The Chairmen and Managing Directors / Chief Executive Officers of All Scheduled Commercial Banks (Excluding RRBs) Dear Sir, Banks as sponsors to Infrastructure Debt Funds (IDFs) In order to accelerate and enhance the flow of long term funds to infrastructure projects for undertaking the Government™s ambitious programme of infrastructure development, Union Finance… Read More
Listing Provides an Oppurtunity to the People of India to become Shareholders in CPSES while Government Retains Management Control:FM
The Union Finance Minister, Shri Pranab Mukherjee has said that listing provides an opportunity to the people of India to become shareholders in Central Public Sector Enterprises(CPSEs); while Government retains management control and at least 51% shareholding in the Government companies. The Finance Minister was delivering the inaugural address after inaugurating the Seminar on PSU Disinvestment through Listing… Read More
Union Finance Minister Shri Pranab Mukherjee™s Speech at Business World Best Bank Awards in Mumbai on November 19, 2011
Following is the text of the speech : I am very happy to be here at the Businessworld Best Bank awards once again. Your event is becoming popular in highlighting the importance of banking activities and their expansion for economic development. I am happy to see some of our distinguished bankers in this room today.… Read More
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