RBI / FEMA

Demonetization and its effect on the banking sector Everyone is aware about the demonetization policy of the government by banning Rs. 500 & Rs. 1000 currency notes. One can understand that it would h...

1. Why is this scheme introduced?The incidence of fake Indian currency notes in higher denomination has increased. For ordinary persons, the fake notes look similar to genuine notes, even though no se...

At present, over the counter exchange of old Rs. 500/- and Rs. 1000/- notes is limited up to maximum of Rs. 4500/- per person.Reports have been received that the same persons are going back to the cou...

While encouraging families to incur wedding expenses through cheques or digital means, it has been decided to permit families celebrating weddings to draw up to Rs. 2,50,000/- in cash from their own b...

Press Information BureauGovernment of IndiaMinistry of Finance17-November-2016 15:52 ISTThe Central Government takes several decisions to facilitate farmers, small traders, Group ‘C’ Employees of Cent...

ALL INDIA ASSOCIATION OF CENTRAL EXCISEGAZETTED EXECUTIVE OFFICERSPresident: R. Chandramouli Address for communication: 240, Razapur, Ghaziabad-201001 (U.P.)Secretary General: Ravi MalikMob. 089399554...

Legal Analysis of Demonetization Regulations The write up while deals and dissects various notifications and press releases issued by Central Government and RBI on the subject, it also peeps into the...

Demonetisation: 10 Steps to further improve public convenience The Prime Minister Shri Narendra Modi reviewed the position for the second consecutive day yesterday regarding the smooth supply and avai...

Press Information BureauGovernment of IndiaMinistry of Road Transport & Highways14-November-2016 14:11 ISTExemption of fee on National Highways extendedIn order to ensure smooth movement of traffic on...

1. Why is this scheme introduced?The incidence of fake Indian currency notes in higher denomination has increased. For ordinary persons, the fake notes look similar to genuine notes, even though no se...

15 highlights of Currency Demonetization decisions taken by Govt Government of India Ministry of FinanceDepartment of Economic AffairsNovember 13, 2016Press ReleaseToday (13.11.2016) Finance Ministry...

Press Information BureauGovernment of IndiaMinistry of Finance12-November-2016 20:42 ISTAvailability of cash with Bank branches and Post OfficesMinistry of Finance has reviewed and taken stock of the...

Government of India,Ministry of FinanceDepartment of Economic Affairs*****PRESS RELEASE Caution against FICOne of the primary objectives of cancellation of legal tender character of old series of Rs.5...

1. Why is this scheme introduced?The incidence of fake Indian currency notes in higher denomination has increased. For ordinary persons, the fake notes look similar to genuine notes, even though no se...

The present restriction on Cash Withdrawals either from ATM or from the Bank Cash counter is to be relaxed immediately taking cognizance of the untold misery of the common man and the small business e...

Press Information BureauGovernment of IndiaNITI Aayog11-November-2016 18:04 IST Crackdown on black money by demonetization will bring down inflation: Arvind Panagariya; Outlines the role of NITI Aayog...

Press Information BureauGovernment of IndiaMinistry of Finance11-November-2016 20:29 ISTThe Chairman and Vice-Chairman, SIT on Black Money & Former Judges of the Supreme Court of India, Justice MB Sha...

Press Information BureauGovernment of IndiaMinistry of Finance11-November-2016 19:14 ISTGovernment extends existing exemptions with rergard to cancellation of the legal tender character of the existin...

Press Information BureauGovernment of IndiaMinistry of Finance10-November-2016 16:13 ISTOld demonitised 500 & 1000 rupee notes will be accepted for making payments towards fees, charges, taxes and pen...

16 Exception to use of old Rs. 500 and 1000 Bank Notes Central Government vide Notification No. S.O. 3408(E) dated 08.11.2016 specified that bank notes shall not be ceased to be legal tender, with eff...