SC Condemns Witch-Hunting, Says Superstition Continues to Override Constitutional Morality  ||  SC: Retired Judges Appointed to Central Industrial Tribunals Not Entitled to Pay Parity  ||  SC: Electricity Boards Liable for Electrocution Deaths under Strict, Not Absolute Liability  ||  Supreme Court Criticizes Courts For Conducting ‘Mini-Trials’ in Temporary Injunction Matters  ||  SC: Common Judgment in Suits by Same Plaintiff can be Challenged Through Composite Appeal  ||  Chandigarh Court Orders Meta to Take Down AI-Generated Video of Punjab MLA Sukhpal Khaira  ||  Delhi HC: Insolvency Professionals Must Collect & Deposit GST Even if they are Advocates  ||  Madras HC Rejects Election Petition Challenging Colachel MLA Tharahai Cuthbert  ||  Supreme Court: Uncrystallized Contractual Damages Not an Operational Debt under Section 9 IBC  ||  Supreme Court: Interest Accrued in Suspense Account After NPA Classification is Recoverable as Debt    

Settlement System under Asian Clearing Union- (Reserve Bank of India) (30 Jun 2016)

MANU/APDR/0043/2016

Banking

The Reserve Bank of India has temporarily suspended the Asian Clearing Union - Euro payment channel from 1 July 2016.

The move comes as the payment channel for processing ACU Euro transactions is reviewed. In the meantime, eligible transactions in Euro are permitted to be be settled outside the ACU mechanism.

Relevant : Settlement system under ACU Mechanism MANU/APDR/0128/2008

Tags : ACU   EURO   SETTLEMENT SYSTEM   SUSPENDED  

Share :        

Disclaimer | Copyright 2026 - All Rights Reserved