Supreme Court: Courts Have Sometimes Failed Arbitration, With Interference Curing No Disease || Supreme Court: Co-Heir Cannot Sell Other Heirs' Shares as Karta After Intestate Succession || SC: Casual Labourers With Temporary Status are Eligible For Pension Even Without Regularisation || Supreme Court: High Courts Must Record the Nature of Crime and Allegations While Quashing FIRs || Delhi HC Rejected Pernod Ricard’s Plea Against Denial of Wholesale Liquor License over Excise Case || Gujarat HC: Lalita Kumari Ruling Does Not Permit Deceased’s Kin to Invoke Art 226 For FIR Failure || Ker HC: Denying Disability Pension to Army Personnel Based on Unreasoned Medical Opinion is Invalid || Kerala HC Directs Family Courts to Follow Calcutta HC Custody Guidelines Till State Rules Framed || Allahabad HC Allows LIC Employees to Be Engaged as Census Enumerators and Supervisors For Duties || Supreme Court Unveiled Victim Protection Plan For Trafficking Survivors and Urged Legal Reforms

RBI ends barter trade between India and Myanmar- (Reserve Bank of India) (05 Nov 2015)

MANU/APDR/0085/2015

Banking

The Reserve Bank of India has called an end to barter trade at the Indo-Myanmar Border, permissible since 2000. Noting that with a sufficiently diversified trade basket and the presence of banking establishments, it is appropriate for the system of trade to switch over to the normal system from 1 December 2015. With the barter system of trade, goods exchanged between the two countries were devoid of any mention in the banking system and were also not counted in trade statistics.

Relevant : Barter Trade with Myanmar under the Indo-Myanmar Border Trade Agreement MANU/APDR/0010/2000 Foreign Exchange Management (Manner of Receipt and Payment) Regulations, 2000 MANU/RFEM/0006/2000

Tags : MYANMAR BARTER END TRADE BANK 2015

Share :