Community & General News
SC upholds constitutional validity of home allottees as financial creditors
12 August 2019 at 11:04Insolvency and Bankruptcy Board of India7th Floor, Mayur Bhawan, Connaught Place, New Delhi -1100019th August, 2019Subject: Judgement1 dated 9th August, 2019 of the Hon�ble Supreme Court of India in the matter of Pioneer Urban Land and Infrastr
RBI lowers repo rate by 35 basis points
08 August 2019 at 11:21RBI/2019-20/36DBR.No.Ret.BC.10/12.01.001/2019-20August 07, 2019The Chairperson / CEOs of all Scheduled and Non Scheduled BanksDear Sir / MadamChange in Bank RatePlease refer to our circular DBR.No.Ret.BC.44/12.01.001/2018-19 dated June 06, 2019, on t
Cabinet approves the Banning of Unregulated Deposit Schemes Bill, 2019
11 July 2019 at 11:25Bill to be introduced in ensuing session of ParliamentThe Union Cabinet, chaired by the Prime Minister Narendra Modi has approved the banning of Unregulated Deposit Schemes Bill, 2019. It will replace the banning of Unregulated Deposit Schemes Ordin
RBI rolls out strict security guidelines for ATMs
20 June 2019 at 10:04RBI/2018-19/214DCM (Plg.)No.2968/10.25.007/2018-19June 14, 2019The Chairman / Managing Director /Chief Executive OfficerAll BanksMadam / Sir,Security Measures for ATMsAs stated in para 15 of the monetary policy statement dated October 04, 2016, the B
Govt takes historic decision to reduce ESI contribution rate from 6.5% to 4%
14 June 2019 at 11:27The Government of India has taken a historic decision to reduce the rate ofcontribution under the ESI Act from 6.5% to 4%(employers� contribution beingreduced from 4.75% to 3.25% and employees� contribution beingreducedfrom 1.75% to 0.75%
FM Nirmala Sitharaman states urgency of taxing digital economy companies
10 June 2019 at 11:40Smt. Nirmala Sitharaman, Union Minister of Finance & Corporate Affairs, Government of India, participated in the G20 Finance Ministers and Central Bank Governors meeting and associated events during June 8-9, 2019 at Fukuoka, Japan.
RBI waives RTGS/NEFT charges to encourage digital funds
07 June 2019 at 11:23Review of Charges for RBI-operated Payment SystemsThe Reserve Bank levies minimum charges on banks for transactions routed through its Real Time Gross Settlement System (RTGS) meant for large-value instantaneous fund transfers and the National Electr
RBI cuts repo rate to 5.75% making it lowest since 2010
07 June 2019 at 11:23RBI/2018-19/199DBR.No.Ret.BC.44/12.01.001/2018-19June 06, 2019The Chairperson / CEOs of all Scheduled and Non Scheduled BanksDear Sir / Madam,Change in Bank RatePlease refer to our circular DBR.No.Ret.BC.33/12.01.001/2018-19 dated April 04, 2019 on t
Draft Copyright Amendment Rules 2019 released
04 June 2019 at 12:13In order to ensure smooth and flawless compliance of Copyright Act in the light of technological advancement in digital era and to bring them in parity with other relevant legislations, the Department for Promotion of Industry and Internal Trade, Gov
RBI bans SR Batliboi for one year from audit of commercial banks
04 June 2019 at 12:13Enforcement action in respect of statutory auditors of commercial banksRBI vide its Press Release dated June 29, 2018 had put in place an enforcement action framework in respect of statutory auditors for the lapses in the statutory audit of commercia
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