Kerala HC: Ex-CISF Personnel can Buy Liquor from CAPF Canteens || Kerala HC: Accused Can Respond Virtually or in Writing || Kerala HC: No Caste or Lineage Required for Temple Priests || Kerala HC Orders SIT Probe into Sabarimala Gold Loss || Kerala HC Cancels Mohanlal’s Ivory Ownership Certificates || Allahabad High Court : Deceased Farmer’s Odd Jobs Don’t Bar Family from Scheme Benefits || Secured Creditors' Dues Take Priority Over Govt Claims: Allahabad HC on SARFAESI & RDB Acts || Daughter Can’t Claim Mitakshara Father’s Property if He Died Pre-1956 & Son Survives: HC || Gujarat High Court: Sessions Court Can’t Suspend Sentence Just to Allow Revision Filing || Delhi High Court: Non-Combat Security Roles Crucial; Minor Lapse Risks National Safety

Reducing documentary requirements for hedging transactions- (Reserve Bank of India) (07 Apr 2016)

MANU/RPRL/0105/2016

Banking

The Reserve Bank of India released proposals to ease documentation requirements on residents for hedging currency risk arising out of trade transactions under the contracted exposure route. Among the changes proposed is permission for booking contracts based on actual underlying documentary evidence by the Authorised Dealer Category-I bank, instead of requiring clients to submit evidence towards the same.

Tags : HEDGING RISK DERIVATE CONTRACTS DOCUMENTARY EVIDENCE

Share :