MINISTRY OF LAW AND JUSTICE (Legislative Department) New Delhi, the 4th November, 2020/Kartika 13, 1942 (Saka) THE ARBITRATION AND CONCILIATION (AMENDMENT) ORDINANCE, 2020 NO. 14 OF 2020 Promulgated by the President in […]
Compounding powers delegated to RBI Regional Office under FEMA Act 1999 and under RBI Master direction of Compounding of Contraventions under FEMA, 1999 RBI/2020-21/67 A.P. (DIR Series) Circular No. 06 November 17, […]
Maintenance of Escrow Account with a Scheduled Commercial Bank RBI/2020-21/68 DPSS.CO.PD.No.660/02.14.008/2020-21 November 17, 2020 All Scheduled Commercial Banks / Authorised Prepaid Payment Instrument Issuers / Payment Aggregators / Payment System Providers […]
Union Ministry of Information and Broadcasting has today issued a public notice to facilitate eligible entities involved in uploading/streaming of news and current affairs through digital media, to comply with the decision of Union Government on 18th September 2019, which had permitted 26% FDI under Government approval route.
The provisions of this Act shall apply to a qualified financial contract entered into on a bilateral basis between qualified financial market participants, either under a netting agreement or otherwise, where at least one of such participants shall be an entity regulated by an authority specified in the First Schedule
The International Mobile Roaming (IMR) is a service that allows customer of a mobile operator in one country to obtain service (voice, SMS or data) from an operator in another country using the same handset and mobile number, facilitated by a common technology and a wholesale inter-operator contract
As part of robust compliance system, banks are required, inter-alia, to have an effective compliance culture, independent corporate compliance function and a strong compliance risk management programme at bank and group level. Such an independent compliance function is required to be headed by a designated Chief Compliance Officer (CCO) selected through a suitable process with an appropriate ‘fit and proper’ evaluation/selection criteria to manage compliance risk effectively.
Banks shall keep the business logic and other parameters/configurations of the System updated to ensure that the System based identification, classification, provisioning and income recognition are strictly in compliance with the regulatory guidelines on an ongoing basis. There should be periodic system audit, at least once in a year, by Internal / External Auditors who are well versed with the system audit both on system parameters as also from the perspective of compliance to Income Recognition, Asset Classification and Provisioning guidelines.
RBI/2020-2021/26 FIDD.MSME & NFS.BC.No.4/06.02.31/2020-21 Date: August 21, 2020 The Chairman/ Managing Director/Chief Executive Officer All Commercial Banks (including Small Finance Banks, Local Area Banks and Regional Rural Banks) All Primary (Urban) Co-operative […]
EXCHANGE RATE-In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in supersession of the Notification No.69/2020-Customs(N.T.), dated 6th August, 2020 except as respects things done or omitted to be done before such supersession, the Central Board of Indirect Taxes and Customs hereby determines that the rate of exchange of conversion of each of the foreign currencies specified in column (2) of each of Schedule I and Schedule II annexed hereto, into Indian currency or vice versa, shall, with effect from 21st August, 2020,
In case of failure, the disbursement should be made as early as possible before the Festival of Id-Ul-Fitre/ Durga Puja-2020 Government of West Bengal Finance (Audit) Department ‘NABANNA’, HOWRAH-711102 No. 1722–F(P2) Dated, […]
In pursuance of Section 23 of the Comptroller and Auditor General’s (Duties, Powers and Conditions of Service) Act, 1971, (Act No 56 of 1971), the Comptroller and Auditor General of India hereby makes the following Regulations,
In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in supersession of the Notification No.53/2020-Customs(N.T.), dated 18th June, 2020 except as respects things done or omitted to be done before such supersession, the Central Board of Indirect Taxes and Customs hereby determines that the rate of exchange of conversion of each of the foreign currencies specified in column (2) of each of Schedule I and Schedule II annexed hereto, into Indian currency
In exercise of the powers conferred by section 59 of the Lokpal and Lokayuktas Act, 2013 (1 of 2014), the Central Government hereby makes the following rules
In terms of Clause 5 of Guidelines on short term health insurance policies Ref: IRDAI/HLT/REG/CIR/156/05/2020 dated 23rd June, 2020, the policies issued under these guidelines will remain valid till 31st March, 2021.
Payment Application Security: Payment applications shall be developed as per PA-DSS guidelines and complied with as required. The entities shall review PCI-DSS compliance status as part of merchant onboarding process.
The Bulletin includes RBI Governor’s statement, Monetary Policy Statement, 2020-21, Statement on Developmental and Regulatory Policies, four Articles and Current Statistics. The four articles are: I. Quarterly Estimates of Households’ Financial Assets and Liabilities; II. Issues in Non-Bank Financial Intermediation; III. Market Financing Conditions for NBFCs: Issues and Policy Options; and IV Provisional Accounts of Central Government Finances 2019-20: An Assessment.
Increase in reserve assets (US $ 26.2 billion) was the dominant contributor to higher increase in Indian residents’ overseas financial assets, followed by overseas direct investments (US $ 3.3 billion).
New Delhi, the 9th April, 2020/Chaitra 20, 1942 (Saka) Under the authority of Article 123 of the Constitution of India, the President promulgated an Ordinance to amend Salary, Allowances And Pension of […]
In respect of all term loans (including agricultural term loans, retail and crop loans), all commercial banks (including regional rural banks, small finance banks and local area banks), co-operative banks, all-India Financial Institutions, and NBFCs (including housing finance companies) (“lending institutions”) are permitted to grant a moratorium of three months on payment of all instalments1 falling due between March 1, 2020 and May 31, 2020.
Review of Climate of India during 2020 - The annual mean land surface air temperature averaged over India during 2020 was above normal. During the year, annual mean land surface air temperature averaged over the country was+0.290C above normal (based on the data of 1981-2010). The year 2020 was the eighth warmest year on record since nation-wide records commenced in 1901.
Catholic priest Thomas Kottoor and nun Sephy held guilty of murdering sister Abhaya by CBI Court - The body of the 19-year-old Catholic nun -- Sister Abhaya -- was found in a well inside the St Pius X convent in the Kottayam district of Kerala on March 27, 1992. In 2008, the Central Bureau of Investigation (CBI) had recorded the arrests of two Catholic priests father Thomas Kottoor and father Jose Puthrukkayil, and a nun Sr Sephy.
President of Nepal dissolved the parliament-declared fresh election on April - On Sunday, December 20, the President of Nepal Bidya Devi Bhandari has approved the recommendation of the Council of Ministers under Article 76 (1) and (7) and Article 85 of the constitution of Nepal and dissolved the Parliament. A statement issued by president declared fresh elections to be held in two rounds on April 30 and on May 10.
Zionism is compatible with the Teachings of Judaism-1942 - WE, THE UNDERSIGNED RABBIS of all elements in American Jewish religious life, have noted with concern a statement by ninety of our colleagues in which they repudiate Zionism on the ground that it is inconsistent with Jewish religious and moral doctrine. This statement misrepresents Zionism and misinterprets historic Jewish religious teaching, and we should be derelict in our duty if we did not correct the misapprehensions which it is likely to foster.
Bill of Rights 1689 - Whereas the Lords Spiritual and Temporal and Commons assembled at Westminster, lawfully, fully and freely representing all the estates of the people of this realm, did upon the thirteenth day of February in the year of our Lord one thousand six hundred eighty-eight present unto their Majesties, then called and known by the names and style of William and Mary, prince and princess of Orange, being present in their proper persons, a certain declaration in writing made by the said Lords and Commons in the words following
Constitution of the United States of America [Original version-1789] - We the People of the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defence, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity, do ordain and establish this Constitution for the United States of America.
