Supreme Court Rejects Plea to Abolish Hanging, Says Centre Can Explore Alternative Methods || Supreme Court: Sentences With Life Imprisonment Must Run Concurrently, Not Consecutively || SC: Insurer Not Liable Beyond Sum Assured Without Advance Premium Payment || Supreme Court: Illegal Appointments Cannot Be Regularised Due to Long Service || SC: Courts Should Not Interfere Late in Tender Processes; Challenges Must Be Prompt || Delhi HC: UAPA Default Bail Triggered after 180 Days, Not 90 under BNSS || Madras HC: No Place for Caste Discrimination in Temples, God Treats All Equally || Bombay HC: Public Authorities Need Not Obtain Third-Party Information for RTI Applicants || Delhi HC Levies Rs.5 Lakh Costs on Delhi Metro Rail Corporation Limited over Sham Plea || Delhi HC: False Marriage Promise Invalidates Consent Only if it Taints Consent

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 :