Reports on the Reserve Bank of India's issuance of new guidelines based on the Foreign Exchange Regulation Rules 1974 regarding the payment of exported goods. Realization and payment of the amount representing the full value of the goods by the exporters to the authorized dealer on the due date...
New RBI guideline on E-mandate On 1st October 2021, RBI’s regulations on e-mandates or recurring payments via cards to strengthen the safety of card transaction became effective. As per regulatory guidelines on ‘Processing of e-mandate on cards for recurring transactions’, several requirements...
An AIF is a privately pooled investment vehicle, therefore, it cannot raise money from public at large through a public issue of units; The investors could be Indian or foreign – there is no bar on the nature of the investor who can invest. ...
A cursory glance through Government data doesn’t really suggest a lack of credit in rural India. TheAll-India Survey on Debt and Investmentin 2019 showed that rural households had a higher Incidence of Indebtedness (IoI) than urban ones at 35%, with cultivator households owing 71% of rural ...
Aim of the KCC scheme:To provide credit to farmers to meet short term credit needs for growing crops; Post-harvest expenses; Produce marketing loans; Consumption requirements of farmer household; working capital for maintenance of farm assets and activities; investment credit requirement for agriculture...
Indian Prime Minister Narendra Modi has publicly endorsed blockchain as an investment opportunity. 23888 News Delta Crypto Exchange to Expand Into Indian Market With New Funding May 26, 2020 by Felipe Erazo New funding from CoinFund will help Delta establish a further presence in the Indian ...
3. The LRS norms for investment via GIFT IFSC have been eased by RBI. Under the Liberalised Remittance Scheme (LRS), the scope of remittances to International Financial Services Centres (IFSCs) has been expanded by RBI. As per the International Financial Services Centres Authority Act, 2019,...
Morgan currently has, or had within the past 12 months, the following company(ies) as investment banking clients: State Bank of India, ICICI Bank, Axis Bank Ltd. • Client/Non-Investment Banking, Securities-Related: J.P. Morgan currently has, or had within the past 12 months, the ...
Capital Investment & Documentation – 30 Days Next, you must inject the required money into the business to comply with RBI guidelines and show that you have the amount necessary to run your NBFC business. You must also collect the essential documents to be submitted along with your application...
Akash Sinha, CEO and Co-Founder of Cashfree Payments,stated, “The PPI license opens up a new field of opportunity for innovation in the payments landscape. Our focus has always been to provide secure, flexible, and efficient payment experiences to Indian businesses and their customers.” ...