FEMA & Banking

Blog, News, FEMA & Banking

October 11, 2023

Obtaining of Decree in India by Exporter-Co. Against a Foreign Importer for Un-paid Goods was Reasonable | HC

Case Details: Hooghly Mills Co. … Continue reading “Obtaining of Decree in India by Exporter-Co. Against a Foreign Importer for Un-paid Goods was Reasonable | HC”

Blog, News, FEMA & Banking

October 9, 2023

Banks must Maintain an Extra Daily Average Balance with the RBI in Addition to the Required Daily Balance | RBI

Notification No. DOR.RET.REC.35/12.01.001/2023-24., Dated: 08.09.2023 … Continue reading “Banks must Maintain an Extra Daily Average Balance with the RBI in Addition to the Required Daily Balance | RBI”

Blog, News, FEMA & Banking

October 9, 2023

RBI Doubles Monetary Ceiling of Gold Loans under Bullet Repayment Scheme for Urban Co-operative Banks to Rs 4 lakh

Circular No. RBI/2023-24/66 DOR.CRE.REC.42/07.10.002/2023-24; Dated: … Continue reading “RBI Doubles Monetary Ceiling of Gold Loans under Bullet Repayment Scheme for Urban Co-operative Banks to Rs 4 lakh”

Blog, News, FEMA & Banking

October 7, 2023

RBI Proposes to Introduce ‘Card-on-File Token’ Creation Facilities Directly at the Issuer Bank Level

Press Release: 2023-2024/1053, Dated: 06.10.2023 … Continue reading “RBI Proposes to Introduce ‘Card-on-File Token’ Creation Facilities Directly at the Issuer Bank Level”

News, Blog, FEMA & Banking

October 7, 2023

RBI Keeps the Policy Repo Rate Unchanged at 6.50%

Press Release: 2023-2024/1051 & 1052, … Continue reading “RBI Keeps the Policy Repo Rate Unchanged at 6.50%”

Blog, News, FEMA & Banking

October 7, 2023

RBI Adds 30 Banks to UDGAM Making 90% Unclaimed Deposits in ‘Depositor Education & Awareness Fund’ Accessible

Press Release: 2023-2024/1048, Dated: 05.10.2023 … Continue reading “RBI Adds 30 Banks to UDGAM Making 90% Unclaimed Deposits in ‘Depositor Education & Awareness Fund’ Accessible”

Blog, News, FEMA & Banking

October 5, 2023

‘e-Kuber’ Portal to Remain Functional on 31.03.2024 (Sunday) for Processing of Govt. Transactions | RBI

Circular No. RBI/2023-24/65 CO.DGBA.GBD.No.S646/42-01-029/2023-2024, Dated … Continue reading “‘e-Kuber’ Portal to Remain Functional on 31.03.2024 (Sunday) for Processing of Govt. Transactions | RBI”

Blog, News, FEMA & Banking

October 4, 2023

Petitioners Couldn’t Demand Committal of Case of Scheduled Offence From Special Court to PMLA Court u/s 44 of PMLA | HC

Case Details: Pankajini Sahu v. … Continue reading “Petitioners Couldn’t Demand Committal of Case of Scheduled Offence From Special Court to PMLA Court u/s 44 of PMLA | HC”

Blog, News, FEMA & Banking

September 29, 2023

Presumption u/s 24 of PMLA Can be Rebutted Only at Stage of Trial & Not at Stage of Framing of Charge | HC

Case Details: Kumar Pranav v. … Continue reading “Presumption u/s 24 of PMLA Can be Rebutted Only at Stage of Trial & Not at Stage of Framing of Charge | HC”

Blog, News, FEMA & Banking

September 28, 2023

Govt. Accepts Over 10,000 Claims of MSMEs Under the ‘Vivad se Vishwas – I Scheme’

Press Release; Dated: 26.09.2023 The … Continue reading “Govt. Accepts Over 10,000 Claims of MSMEs Under the ‘Vivad se Vishwas – I Scheme’”