J&K&L High Court: Maternity Leave is a Constitutional Right and Cannot be Treated as State Charity || P&H High Court: Second Anticipatory Bail Plea is Not Maintainable After Supreme Court Rejection || Bombay High Court: No Prior Sanction is Required to Prosecute Police For Custodial Assault || Allahabad High Court: Strict Proof of Marriage is Unnecessary if Couple Lived as Husband and Wife || Delhi High Court: UP Passport Disputes Cannot be Filed in Delhi Only Because MEA is Based There || Bombay High Court: Revenue Officers Cannot Decide Caste Status to Remove Tribal Land Protections || Calcutta High Court: Punjab National Bank Liable to Compensate Farmers For Crop Insurance Lapse || Calcutta High Court: Joint Settlement of Liquor Licence is Allowed if All Eligible Heirs Consent || Delhi High Court Holds Multiple Sclerosis is a Specified Disability under the RPWD Act || Allahabad High Court: An Alibi Must be Proved at Trial and Cannot be Accepted by the IO Alone

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 :