Allahabad High Court: Husband's Liability under the Domestic Violence Act Continues Despite Divorce || Bombay HC: Municipal Council Must Pay for Land Used as DP Road Despite Fund Shortage || Uttarakhand HC: Previous Service Pay Protection Does Not Confer Right to Career Progression Benefits || Supreme Court Revives POCSO Case Against Headmistress, Says Verifying Abuse Claims is No Excuse || SC: Voluminous Documents are No Excuse For Their Delayed Production under Commercial Courts Act || Supreme Court Orders Merged Bank's Eviction For Transferring Tenancy Without Landlord's Consent || SC: Oraon Tribe Custom Doesn't Allow Uncle-In-Law to Adopt Niece's Husband as Ghar Damad || Kerala HC Approves New Public Prosecutor Appointment Guidelines After a Minor Revision || Rajasthan HC Clarifies Criminal Writ Petitions Have No Separate Constitutional Status || Delhi HC Clarifies if Whatsapp Acknowledgment Can Make an Arbitral Award Binding

RBI issues Master Directions on Foreign Exchange- (Reserve Bank of India) (04 Jan 2016)

MANU/RPRL/0006/2016

Banking

The Reserve Bank of India released 17 Master Directions covering foreign exchange transactions. The Directions consolidate RBI Circulars passed over the years under FEMA. The move hopes to simplify processes, encouraging compliance and improving clarity in regulatory communication.

The Directions follow on the heels of Dr. Raghuram G. Rajan (Governor, RBI) announcing in his policy statement for 2015-2016 the bid to “update all [of RBI’s] master regulations, and streamline the required procedure for compliance with the regulations by January 1, 2016.

Tags : RBI MASTER DIRECTIONS FEMA 2016

Share :