RBI / FEMA

All About Demonetization of Rs. 500 and Rs. 1000 Bank Notes Ministry of Economic Affairs released a press release on 8th Nov 2016 in order to withdraw Legal Tender Character of Old High Denominated ba...

As per Hindustam Times Two senior advocates from Mumbai namely Advocate Jamshed Mistry and advocate Jabbar Singh have moved the Bombay high court (HC) urging it to take suo moto cognisance of the Unio...

Soon after RBI notified that Rs 2000 currency notes would be introduced by the apex bank, a set of rumors emerged that these new notes would be embedded with nano-GPS chips will help locate the positi...

15 Things to know – Ban on ₹ 500 & ₹ 1000 Banknotes Government of IndiaMinistry of FinanceDepartment of Economic AffairsPress ReleaseWith a view to curbing financing of terrorism through the proceeds...

Date : Nov 02, 2016 Pay IT dues in advance at RBI or at authorised bank branches – December 2016The Reserve Bank of India has appealed to income tax assessees to remit their income tax dues sufficient...

After the RBI Ban on Bank Notes of Rs. 500 and Rs. 1000 RBI has issued guideline and format for exchange of such old Bank Notes of Rs. 500 and Rs. 1000 which are as follows:- (i) the specified bank no...

1. Notes of 500 & 1000 banned from 09 November: – On 8th November, Central Government declared that notes of existing series of denomination of Rs. 500 and Rs. 1000 shall cease to be legal tender from...

Analysis of Government’s ‘Surgical strike’ against black money Government’s new directive that all the 500 and 1000 rupees notes that are currently in circulation will not be considered a legal tender...

FAQs on Withdrawal of Legal Tender Character of the existing Bank Notes in the denominations of ₹ 500/- and ₹ 1000/-1. Why is this scheme introduced?The incidence of fake Indian currency notes in high...

Salient features of the scheme of Withdrawal of Legal Tender Character from existing series of Bank Notes in the denominations of Rs. 500 and Rs. 10001. In terms of Gazette Notification No 2652 dated...

and Compliance WHAT IS FOREIGN DIRECT INVESTMENT?Foreign direct investment (FDI) is an investment made by a company or entity based in one country, into a company or entity based in another country.It...

RBI amends FEMA regulations to allow 49% FDI under automatic route in Pension SectorThe policy makers are determined to attract foreign investment through Foreign Direct Investment (FDI) and continue...

As everyone may be aware that Reserve Bank of India (RBI) has reduced the repo rate by 25 bps to 6.25%.But first of all let us understand some of the terminologies and correlations which can help us i...

Establishment Of Branch Office (BO)/ Liaison Office (LO)/ Project Office (PO) Or Any Other Place Of Business In India By Foreign Entities INTRODUCTION: In the present globalized scenario, where majori...

1. PRIMARY OBJECTIVES The Nomination and Remuneration Committee (heirinafter referred as the “Committee”) is a committee of the Board of Directors (heirinafter referred as the “Board”) established in...

Dr. Urjit R. Patel assumed charge as the twenty-fourth Governor of the Reserve Bank of India effective September 4, 2016 after serving as Deputy Governor since January 2013. He was re-appointed as Dep...

RBI announces Measures for Development of Fixed Income and Currency Markets The Reserve Bank of India today announced a package of measures for the development of fixed income and currency markets. Th...

The Reserve Bank of India today placed on its website the Draft Large Exposures (LE) Framework for comments. The salient features of the proposed Large Exposures (LE) Framework include: The Large Expo...

Enhancing Credit Supply for Large Borrowers through Market Mechanism (i) If a borrower has aggregate sanctioned credit limit of Rs. 25,000 crore on or before March 31, 2016, will it still qualify as a...

Report of Working Group on Development of Corporate Bond Market in India August 2016 Chapter 1: Introduction 1. It has been well recognized that a well-developed corporate bond market complements a so...