SC: Revisional Jurisdiction Cannot Correct Factual Errors Despite Alleged Concealment  ||  Supreme Court: Wrong Statement in Pleadings is Not Always a False Statement, Perjury Case Quashed  ||  SC: Under JJ Act, Murder Falls Within Heinous Offences; S. 302 IPC Prescribes Minimum Life Sentence  ||  Supreme Court: Cognisance of FERA Complaint is Invalid Without Prior Notice to the Accused  ||  Supreme Court: Terror Cases Cannot Curtail Constitutional Safeguards and the Right to Fair Trial  ||  Supreme Court: Terror Cases Cannot Curtail Constitutional Safeguards and the Right to Fair Trial  ||  SC Upheld Husband's Conviction For Murdering His Wife over an Extramarital Affair  ||  J&K&L High Court: Mere Admission of Issuing Cheque is Not a Plea of Guilt under S.138 NI Act  ||  Calcutta HC: Aadhaar Card Prima Facie Establishes Occupation; Demolition Without Notice is Unlawful  ||  Gauhati High Court: Wildlife Law Doesn't Bar Trade in Unprotected Ornamental Fish Species    

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 :        

Disclaimer | Copyright 2026 - All Rights Reserved