Notification & Circulars

24×7 Availability of Real Time Gross Settlement (RTGS) System

Notification No#RBI/2020-21/70 DPSS (CO) RTGS No.750/04.04.016/2020-21 04 December 2020

Reserve Bank of India RBI/2020-21/70 DPSS (CO) RTGS No.750/04.04.016/2020-21 December 04, 2020 The Chairman / Managing Director / Chief Executive Officer of member banks participating in RTGS Madam / Dear Sir, 24×7 Availability of Real Time Gross Settlement (RTGS) System A ..

Posted in Community & General

Processing of e-mandates for recurring transactions

Notification No#RBI/2020-21/74 DPSS.CO.PD No.754/02.14.003/2020-21 04 December 2020

Reserve Bank of India RBI/2020-21/74 DPSS.CO.PD No.754/02.14.003/2020-21 December 04, 2020 The Chairman / Managing Director / Chief Executive Officer All Scheduled Commercial Banks, including Regional Rural Banks / Urban Co-operative Banks / State Co-operative Banks / District Central C..

Posted in Community & General

Authorisation of entities for operating a Payment System under the Payment and Settlement Systems Act, 2007 (PSS Act) – Introduction of Cooling Period

Notification No#RBI/2020-21/73 DPSS.CO.OD.No.753/06.08.005/2020-21 04 December 2020

Reserve Bank of India RBI/2020-21/73 DPSS.CO.OD.No.753/06.08.005/2020-21 December 4, 2020 The Chairman / Managing Director / Chief Executive Officer Non-bank Payment System Operators Madam / Dear Sir Authorisation of entities for operating a Payment System under the Payment and ..

Posted in Community & General

Monetary Policy Statement, 2020-21 Resolution of the Monetary Policy Committee (MPC) December 2-4, 2020

Notification No#2020-2021/720 04 December 2020

Reserve Bank of India Date : Dec 04, 2020 Monetary Policy Statement, 2020-21 Resolution of the Monetary Policy Committee (MPC) December 2-4, 2020 On the basis of an assessment of the current and evolving macroeconomic situation, the Monetary Policy Committee (MPC) at its meeting today ..

Posted in Community & General

Introduction of Liquidity Adjustment Facility (LAF) and Marginal Standing Facility (MSF) for Regional Rural Banks (RRBs)

Notification No#RBI/2020-21/76 DOR.RRB.No.28/31.01.001/2020-21 04 December 2020

RBI/2020-21/76 DOR.RRB.No.28/31.01.001/2020-21 December 4, 2020 All Regional Rural Banks Madam/ Sir, Introduction of Liquidity Adjustment Facility (LAF) and Marginal Standing Facility (MSF) for Regional Rural Banks (RRBs) In order to provide an additional avenue for liquidity managem..

Posted in Community & General

Clarifications on provisions of the Direct Tax Vivad se Vishwas Act, 2020

Notification No#21/2020 04 December 2020

Circular No. 21 /2020 F. No. IT(A)/1/2020-TPL Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes Dated: 4th December, 2020 Sub.: Clarifications on provisions of the Direct Tax Vivad se Vishwas Act, 2020 - reg. With the obje..

Posted in Income Tax

Declaration of dividends by banks

Notification No#RBI/2020-21/75 DOR.BP.BC.No.29/21.02.067/2020-21 04 December 2020

RBI/2020-21/75 DOR.BP.BC.No.29/21.02.067/2020-21 December 4, 2020 All Commercial Banks and All Cooperative Banks, Madam / Dear Sir, Declaration of dividends by banks Please refer to our circular DOR.BP.BC.No.64/21.02.067/2019-20 dated April 17, 2020, on the captioned subject. ..

Posted in Community & General

Advisory on Advertisements on Online Gaming, Fantasy Sports, etc.

Notification No#No. 4407/13/2019-BC-I 04 December 2020

No. 4407/13/2019-BC-I Government of India Ministry of Information & Broadcasting A Wing, Shastri Bhavan New Delhi — 110 001 Dated the 4th December, 2020 To All Private Satellite TV Channels Subject: Advisory on Advertisements on Online Gaming, Fantasy Sports, etc. I..

Posted in Miscellaneous

Transfer & Postings and additional charge arrangements in the grade of CCIT - reg.

Notification No#Office Order No. 240 of 2020 04 December 2020

F.No. A-22011/4/2020-Ad-VI Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes) North Block, New Delhi -110 001 Dated: 04.12.2020 Office Order No. 240 of 2020 Consequent upon diversion of posts to the newly created National Faceless Appellate C..

Posted in Miscellaneous

Transfer & Postings and Additional Charge arrangements in the grades of Pr.CCIT/Pr.DGIT on promotion - reg.

Notification No#Office Order No. 239 of 2020 04 December 2020

F.No. A-22011/3/2020-Ad-VI Government of India Ministry of Finance Department of Revenue (Central Board of Direct Taxes) North Block, New Delhi -110 001 Dated: 04.12.2020 Office Order No. 239 of 2020 On promotion, the transfer/postings of the following officers in the grade of Pr. Chie..

Posted in Miscellaneous