Daily Archives: October 20, 2016

100% FDI under automatic route in Other Financial Services in India

By | October 20, 2016

Foreign investment in Other Financial Services RBI/2016-17/90 A.P. (DIR Series) Circular No. 8 October 20, 2016 To All Category – I Authorised Dealer Banks Madam/Sir, Foreign investment in Other Financial Services Attention of Authorised Dealers Category – I (AD Category – I) banks is invited to the Foreign Exchange Management (Transfer or Issue of Security… Read More »

Review of sectoral caps & simplification of Foreign Direct Investment (FDI) Policy

By | October 20, 2016

Review of sectoral caps and simplification of Foreign Direct Investment (FDI) Policy RBI/2016-17/88 A.P. (DIR Series) Circular No. 6 October 20, 2016 To All Category – I Authorised Dealer Banks Madam/Sir, Review of sectoral caps and simplification of Foreign Direct Investment (FDI) Policy Attention of Authorised Dealer Category – I (AD Category-I) banks is invited… Read More »

FEM Manner of receipt and payment Regulations 2016

By | October 20, 2016

Foreign Exchange Management (Manner of receipt and payment) Regulations, 2016 RBI/2016-17/93 A.P. (DIR Series) Circular No. 11 [(1)/14(R)] October 20, 2016 To All Category – I Authorised Dealer Banks Madam/Sir, Foreign Exchange Management (Manner of receipt and payment) Regulations, 2016 Attention of Authorised Dealer Category-I (AD Category-I) banks is invited to A.D.(M.A. Series) Circular No.… Read More »

Sovereign Gold Bonds- Maximum Limit of Investment and Acceptance as Collateral- Clarification

By | October 20, 2016

Sovereign Gold Bonds- Maximum Limit of Investment and Acceptance as Collateral- Clarification RBI/2016-17/96 IDMD.CDD.No.892/14.04.050/2016-17 October 20, 2016 The Chairman & Managing Director All Scheduled Commercial Banks, (Excluding RRBs) Designated Post Offices Stock Holding Corporation of India Ltd.(SHCIL) National Stock Exchange of India Ltd. & Bombay Stock Exchange Ltd. Dear Sir/Madam, Sovereign Gold Bonds- Maximum Limit… Read More »

Sovereign Gold Bonds 2016-17 Series III – Operational Guidelines

By | October 20, 2016

RBI/2016-17/99 IDMD.CDD.No.894 /14.04.050/2016-17 October 20, 2016 The Chairman & Managing Director All Scheduled Commercial Banks, (Excluding RRBs) Designated Post Offices Stock Holding Corporation of India Ltd.(SHCIL) National Stock Exchange of India Ltd. & Bombay Stock Exchange Ltd. Dear Sir/Madam, Sovereign Gold Bonds 2016-17 Series III – Operational Guidelines This has reference to the GoI notification… Read More »

Sovereign Gold Bonds 2016-17 – Series III

By | October 20, 2016

Sovereign Gold Bonds 2016-17 – Series III RBI 2016-17/98 IDMD.CDD.No.893/14.04.050/2016-17 October 20, 2016 The Chairman & Managing Director All Scheduled Commercial Banks, (Excluding RRBs) Designated Post Offices Stock Holding Corporation of India Ltd.( SHCIL) National Stock Exchange of India Ltd. & Bombay Stock Exchange Dear Sir/Madam, Sovereign Gold Bonds 2016-17 – Series III Government of… Read More »

Sovereign Gold Bond Scheme 2016 -17 – Series III

By | October 20, 2016

Sovereign Gold Bond Scheme 2016 -17 – Series III Date : Oct 20, 2016 The Reserve Bank of India, in consultation with Government of India, has decided to issue Sovereign Gold Bonds 2016-17 – Series III. Applications for the bond will be accepted from October 24, 2016 to November 2, 2016. The Bonds will be… Read More »

Draft Financial Resolution and Deposit Insurance(FRDI) Bill , Comment date extended

By | October 20, 2016

Date for seeking comments from stakeholders and public on the Draft Financial Resolution and Deposit Insurance(FRDI) Bill extended till 31st October, 2016. The Government of India had invited stakeholder/public comments on the Draft Financial Resolution and Deposit Insurance(FRDI) Bill, 2016 from 28.9.2016 to 14.10.2016 A Committee was set up pursuant to the Budget Announcement of… Read More »

Exchange Rate of Foreign Currency relating to Imported and Export Goods Notified

By | October 20, 2016

Exchange Rate of Foreign Currency relating to Imported and Export Goods Notified In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in supersession of the notification of the Central Board of Excise and Customs No.124/2016-CUSTOMS (N.T.), dated 06th October, 2016, except as respects things done or… Read More »

Sovereign Gold Bonds Scheme 2016 -17–Series III;from 24 October to 02 November 2016

By | October 20, 2016

Government decides to issue Sovereign Gold Bonds Scheme 2016 -17–Series III; Applications for the bond to be accepted from October 24, 2016 to November 02, 2016 and the Bonds will be issued on November 17, 2016. Government of India, in consultation with the Reserve Bank of India (RBI), has decided to issue Sovereign Gold Bonds… Read More »