Pursuant to RBI guidelines RBI/2023-24/32 DCM(Plg) No. S-236/10.27.00/2023-24 dated 19 May 2023 with the subject: “ ₹2000 Denomination Banknotes – Withdrawal from Circulation; Will continue as Legal Tender”, RBI has advised the following: In pursuance of the “Clean Note Policy” ...
Additionally, it scrutinizes the implications of modern digital currencies on various facets, including economic systems, foreign exchange markets, international trade, and the global economy at large. One of the paper’s central focuses is the issuance of central currencies, with particular attention ...
As per revised guidelines, credit of 100% foreign exchange earnings to the EEFC account is allowed subject to the condition that the sum total of the accruals in the account during a calendar month should be converted into Rupees on or before the last day of the succeeding calendar month aft...
The Singapore High Court has allowed embattled cryptocurrency exchange WazirX to present a repayment scheme to its creditors, announced the company via ablog poston January 23. The Court granted a 16-week moratorium to Zettai, WazirX’s parent company, and observed that there was insufficient evide...
Clear timelines must be provided for consumers to claim refund, replacement, or exchange. Dispute Redressal The platform must appoint a grievance officer to address complaints and display their contact details. The platform must acknowledge complaints within 48 hours and resolve them within one month....
The Central Board of Direct Taxes (CBDT) has notified the procedure for financial institutions to register and submit information under the Foreign Account Tax Compliance Act (FATCA), under which the US and India would get automatic exchange of information on tax evaders from September 30. The ...
The job profile of the RBI Grade B officer varies from one post to the other based on the locations they have posted. the departments include Financial Markets, Banking Supervision, Banking Regulation, Currency Issuing, Public Debt Office, Foreign Exchange, and HRD. One could be transferred to ...
NBFCs failing to comply with the RBI guidelines must pay heavy fines. If your NBFC repeatedly fails compliance, the RBI can cancel its license, forcing you to suspend operations. The RBI can start legal action against your NBFC and its directors for significant violations. If your NBFC continue...
B. GUIDELINES FOR PERSONS WITH DISABILITIES USING A SCRIBEThe facility of Scribe shall be allowed to a candidate with benchmark disability as defined under section 2(r) of the RPWD Act, 2016 and has limitation in writing including that of speed, if so desired by him/ her. Candidates with...
Review of foreign exchange business 4. Review of donations made during the year 5. Bank's Balance Sheet, Profit & Loss A/c., Working results 6. Review of loss making branches 7. Analysis of wide variations in expenditure heads 8. Comprehensive note on income recognition, asset classification...