Madhya Pradesh High Court: Victims Must be Given a Hearing Even Before Closure Report Rejection || Delhi HC: Payment of ‘Pagri’ Does Not Render Tenancy Non-Terminable, Allowing Eviction || Ker HC Examined Whether Electro-Homeopathy Can be Practised Without Registration under Medical Laws || Delhi HC: Better Possessory Title Holder Can Recover Property From Occupant Without Superior Right || Bombay High Court: Compensatory Afforestation Must Be in Same or Nearby Locality For Residents || Bombay High Court Protects ‘MEFTAL-SPAS’, Restrains Use of Similar Drug Brand || Supreme Court: Inclusion in Revised Select List Does Not Give TN MV Inspectors a Vested Right || Bombay HC: ICC Cannot Hear Sexual Harassment Complaint over Non-Employer Transport Incident || Ker HC Upholds Rule that Homeopathic Doctors Must Cancel Registration Before Enrolment as Advocates || J&K&L HC: Evidence Negating Penetration Warrants Conviction For Attempt to Rape, Not Rape

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 :