Search Results for Tag : currency
Top Story
Central Government set to introduce Cryptocurrency and Regulation of Official Digital Currency Bill, 2021(23.11.2021)
The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021 is to be presented in winter session of Parliament. The Bill seeks to create.....
Tags : Cryptocurrency, Regulation, Bill
RBI launches retail Central Bank Digital Currency(29.11.2022)
The Reserve Bank announces the launch of the first pilot for retail digital Rupee (e₹-R) on December 01, 2022. The first pilot in the Digital Rupee - .....
Tags : Digital currency, Retail, Launch
Judgments
A person cannot be punished twice for the same offence(24.10.2018)
The instant criminal appeal under Section 374 (2) of Code of Criminal Procedure, 1973 (CrPC) has been preferred by the Appellants, challenging the jud.....
Tags : Counterfeit currency, Possession, Conviction, Legality
Others
Withdrawl of Soiled/Mutilated Notes from Circulation(07.08.2015)
The Reserve Bank of India informed that the object of 'Clean Note Policy' is withdrawal of soiled and mutilated notes from circulation and putting ade.....
Tags : rbi, clean note, currency
News
RBI Permits Residents to Conduct Foreign Currency-Rupee Swaps Transactions with Multilateral Bodies(06.11.2015)
Reserve Bank of India (RBI) has permitted domestic entities to conduct foreign currency-rupee swaps with multilateral agencies and allow hedging of lo.....
Tags : RBI, Foreign Currency-Rupee Swaps Transactions
RBI Permits Indian Subsidiaries of MNCs to Hedge Forex Exposure(07.11.2016)
Reserve Bank of India (RBI) has allowed Indian subsidiaries of multinational companies to hedge their foreign currency exposure through derivatives, O.....
Tags : Reserve Bank of India, Indian subsidiaries, foreign currency
Bombay HC Rejects Plea to Suo Moto Take Up Issue of Demonetisation of 500 & 1000 Rs. Currency Notes(10.11.2016)
Bombay High Court has turned down plea of two advocates, who had appealed to it to suo moto take up issue of inconvenience citizens are facing after d.....
Tags : Bombay High Court, demonetisation, 500, 1,000, currency notes
Karnataka HC Rejects Plea Challenging Demonetization Move by Central Government(14.11.2016)
Karnataka High Court has dismissed a PIL against demonetization of Rs 500 and Rs 1,000 currency notes by Union government.
Tags : Karnataka High Court, demonetization, Rs 500 and Rs 1,000 currency
Gujarat HC Asks Centre to Consider Extending Usage Period of Old Rs 500 & Rs 1000 Notes(14.11.2016)
Gujarat High Court has stated that Central Government should extend period of usage of demonetized currency notes of Rs 500 and Rs 1,000 to help lesse.....
Tags : Gujarat High Court, demonetization, Rs 500 and Rs 1,000 currency
MCA: Companies to Disclose Details of Crypto Currency in Financial Statements(11.08.2021)
Ministry of Corporate Affairs has stated that Companies have to disclose details of Crypto Currency in Financial Statements while answering a question.....
Tags : Ministry of Corporate Affairs, Disclosure of Crypto Currency
Bombay HC Seeks RBI’s Reply over Plea Highlighting Difficulty in Identifying Notes by Blinds(07.12.2016)
Bombay High Court has sought a reply from Reserve Bank of India within six weeks to a plea highlighting difficulty faced by blind persons in identifyi.....
Tags : Bombay HC, RBI, currency notes, coins, blind persons
Notifications & Circulars
Notification regarding Exchange Traded Currency Derivatives(04.04.2024)
In the recent period, some concerns have been expressed about participation in the exchange traded currency derivatives (ETCD) market in the light of .....
Tags : Exchange, Currency Derivatives, Regulatory framework
Notification regarding Exchange Traded Currency Derivatives(04.04.2024)
In the recent period, some concerns have been expressed about participation in the exchange traded currency derivatives (ETCD) market in the light of .....
Tags : Exchange, Currency Derivatives, Regulatory framework
Madras HC Dismisses Plea Challenging Rejection of Representation of Netaji on Currency Notes(03.09.2021)
Madras High Court has dismissed a plea challenging Centre's rejection of a representation for printing the image of Nethaji Subash Chandra Bose on cur.....
Tags : Madras High Court, Representation of Netaji on Currency Notes
Madras HC Refuses to Pass Any Order on Recovered Demonetised Currencies(01.12.2016)
Madras High Court has refused to pass any kind of orders with respect to exchange of demonetised Rs. 500 and Rs. 1,000 currency notes recovered by Pol.....
Tags : Madras High Court, demonetised, currency notes
Delhi HC Issues Notice Over Barring Traders From Using its UPI Platform to Trade in Cryptocurrency(29.10.2021)
Delhi High Court has issued notice on a petition challenging State Bank of India's decision prohibiting the use of UPI platform for trading in cryptoc.....
Tags : Delhi High Court, UPI Platform to Trade in Cryptocurrency
Madhya Pradesh HC Rules: Invest Seized Demonetised Notes in FDs(23.12.2016)
Madhya Pradesh High Court has ruled that demonetised currency notes of Rs 1000 and Rs 500 denomination seized in corruption cases and other criminal m.....
Tags : Madhya Pradesh HC, demonetised currency, Fixed Deposits
ITAT: Forex Transaction to Hedge Foreign Currency Risk is Not Speculative(10.08.2022)
Income Tax Appellate Tribunal (ITAT), Chandigarh Bench while allowing deduction, has held that the Forex transaction to hedge foreign currency risk is.....
Tags : ITAT, Forex Transaction, Hedge Foreign Currency
CESTAT: Currency is Not Goods, Liable to be Seized Under Customs Act(17.08.2022)
Customs, Excise and Service Tax Appellate Tribunal, Kolkata Bench has held that currency is not goods and is liable to be seized under customs act and.....
Tags : CESTAT, Currency, Customs
Foreign Exchange Management (Foreign Currency Accounts by a person resident in India) (Amendment) Regulations, 2019(27.02.2019)
In exercise of the powers conferred by Section 9 and clause (e) of sub-section (2) of section 47 of the Foreign Exchange Management Act, 1999 (42 of 1.....
Tags : Foreign Currency, Amendment, Regulations
RBI announces the Framework on Currency Swap Arrangement for SAARC countries for the period 2019 to 2022(26.11.2019)
To further financial stability and economic cooperation within the SAARC region, the Reserve Bank of India, with the concurrence of the Government of .....
Tags : Framework, Currency Swap Arrangement, SAARC countries
Export and Import of Indian Currency(20.03.2019)
Attention of Authorised Persons is invited to Regulation 8 of Foreign Exchange Management (Export and import of currency) Regulations, 2015, in terms .....
Tags : Indian Currency, Export, Import
Guidelines for Standalone PD participation in Exchange Traded Currency Futures(17.03.2016)
The Reserve Bank of India issued guidelinesTags : Bank, primary dealers, currency, futures
Del. HC Restrains Websites from Offering Digital Currencies Under Microblogging Platform's Trademark(05.08.2022)
Delhi High Court while restraining 3 websites and applications from offering digital coins and currencies consisting of the trademark owned by micro-b.....
Tags : Delhi High Court, Trademark, Koo, Crypto-Currency
Delhi High Court to Govt: Examine New Rs 50, Rs 200 notes(01.02.2018)
Delhi High Court has asked the Centre and the RBI to examine the new currency notes and coins, saying the visually-impaired were facing hardship in id.....
Tags : Delhi High Court, Currency Notes
RBI Allows NRIs to Access ETCS Market(03.02.2017)
Reserve Bank of India (RBI) has allowed NRIs access to Exchange Traded Currency Derivatives (ETCD) market to hedge currency risk arising out of their .....
Tags : Reserve Bank of India, Exchange Traded Currency Derivatives
Calcutta HC Seeks Response on Printing of Subhash Chandra Bose's Picture on Currency Notes(14.12.2021)
Calcutta High Court has sought the Union government's response in a Public Interest Litigation (PIL) seeking directions to print images of Netaji Subh.....
Tags : Calcutta High Court, Printing of Subhash Chandra Bose's Picture on Currency Notes
Develop Currency-Identifying App for Visually Challenged: Bombay HC to RBI(06.02.2019)
Bombay High Court has asked the Reserve Bank of India to think about developing a mobile phone application that could help visually challenged persons.....
Tags : Bombay High Court, Currency-Identifying App for Visually Challenged
Government Proposes to Introduce Cryptocurrency and Regulation of Official Digital Currency Bill(24.11.2021)
Central Government has proposed to introduce the Cryptocurrency and Regulation of Official Digital Currency Bill, 2021. As per the list of business, t.....
Tags : Central Government, and Regulation of Official Digital Currency Bill, 2021
Re 1 currency note to enter circulation(29.03.2016)
The Reserve Bank of India will soon introduce one rupee notes into circulation. The notes will incorporate bi-linguistic features, such as the signatu.....
Tags : one rupee, currency note, circulation
Facility for Exchange of Soiled/ Mutilated/ Imperfect Notes(14.07.2016)
The Reserve Bank of India notified that up to 20 soiled notes, worth no more than Rs. 5000, can be exchanged free of charge at non-chest branches bank.....
Tags : currency, soiled, mutilated, over the counter, exchange
RBI publicises exchange of notes and coins(18.07.2016)
The Reserve Bank of India issued a master circular reiterating facilities for exchange of notes and coins, and broadening the use of currency not in t.....
Tags : soiled, mutilated, currency, exchange
Discovery of Ink to Curb Fake Printing of Passports and Counterfeiting of Currency Notes(03.03.2020)
CSIR-National Physical Laboratory has developed a bi-luminescent security ink which glows in red and green colours when illuminated by two different e.....
Tags : Discovery, Fake Printing, Currency Notes
RBI increases incentives for ATMs dispensing lower denomination notes(05.05.2016)
The Reserve Bank of India revised ‘Incentives & Penalties’ in the Currency Distribution & Exchange Scheme. By revision, the incentives for installatio.....
Tags : currency distribution, incentive, denomination
Exchange Traded Cross Currency Derivatives contracts on various currency pairs introduced(09.03.2016)
The Securities and Exchange Board of India permitted stock exchanges to introduce cross-currency futures and options contracts on EUR-USD, GBP-USD and.....
Tags : Exchange traded, cross currency, derivatives contract
Gujarat HC Notices RBI over DCCBs Plea Seeking Permission to Collect Defunct Currencies(15.12.2016)
Gujarat High Court has directed RBI to spell out the "immediate steps" it plans to undertake following requests made by two DCCBs to allow them to col.....
Tags : Gujarat High Court, DCCBs, currency notes
Delhi HC To Govt: Examine New Currency Notes As Visually Impaired People Are Facing Difficulties(08.12.2017)
Delhi High Court has asked the government and the RBI to examine the new currency notes and coins, observing that the visually impaired were facing ha.....
Tags : Delhi High Court, Currency
CIVIL - SC Gives Centre 4 Weeks to Bring in Cryptocurrency Policy(26.02.2019)
Supreme Court has refused to hear any party pertaining to the long-pending cryptocurrency cases in the country and directed Union of India to come up .....
Tags : Supreme Court, Cryptocurrency Policy
Supreme Court Asks Centre to Look Into PIL on RBI Branch Exchanging Defaced Currency Notes(08.01.2020)
Supreme Court has asked the Centre on Tuesday to look into a Public Interest Litigation seeking Central Bureau of Investigation probe into the Reserve.....
Tags : Supreme Court, Currency Notes
SEBI Relaxes Currency Derivatives Rules(23.06.2016)
Securities and Exchange Board of India (SEBI) has relaxed currency derivatives rules, allowing participants to continue to hold on to their open posit.....
Tags : Securities and Exchange Board of India, Currency Derivatives Rules
SC Lifts Curbs on Cryptocurrency Imposed by Reserve Bank of India(04.03.2020)
Supreme Court has lifted the curbs imposed by the Reserve Bank of India (RBI) on entities regulated by it such as Banks and Non-bank financial institu.....
Tags : Supreme Court, Cryptocurrency
Pre-2005 series of Banknotes - Revision of exchange facility(30.06.2016)
After 1 July 2016, Pre-2005 banknotes will only be exchanged at Reserve Bank of India offices in the country’s larger cities.
Pre-2005 ban.....
Tags : currency, pre-2005, exchange, deadline
Maintenance of CRR/SLR on Foreign Currency Assets/Liabilities- Reference rate for INR/USD and exchange rate of other major currencies(02.08.2018)
Please refer to our circular DBOD.No.Ret.BC.113/12.01.001/2011-12 dated June 29, 2012 on Maintenance of CRR on FCNR(B) Scheme advising banks to be gui.....
Tags : Maintenance, CRR/SLR, Foreign Currency Assets, Liabilities
RBI clarifies: No change in existing Currency and Banknotes(06.06.2022)
There are reports in certain sections of the media that the Reserve Bank of India is considering changes to the existing currency and banknotes by rep.....
Tags : No change, Currency, Banknotes
#Union Budget 2022-2023: Finance Minister Informs on Central Bank Digital Currency(01.02.2022)
Finance Minister has stated that the introduction of a central bank digital currency will give boost to digital economy leading to cheaper currency ma.....
Tags : Union Budget, Finance Minister, Central Bank Digital Currency
Onus on Accused to Explain if Caught for Possessing Large Number of Counterfeit Currency: MPHC(15.05.2018)
Madhya Pradesh High Court has held that recovery of a large number of counterfeit currency notes from an accused in public place is sufficient to esta.....
Tags : Madhya Pradesh High Court, Currency
RBI Issues Norms for PDs in Exchange-Traded Currency Futures(18.03.2016)
Reserve Bank of India (RBI) has issued guidelines permitting standalone Primary Dealers (PDs) to participate in exchange-traded currency futures on ap.....
Tags : Reserve Bank of India , Primary Dealers, Currency Futures
Calcutta HC Seeks Response on Printing of Subhash Chandra Bose's Picture on Currency Notes(14.12.2021)
Calcutta High Court has sought the Union government's response in a Public Interest Litigation (PIL) seeking directions to print images of Netaji Subh.....
Tags : Calcutta High Court, Printing of Subhash Chandra Bose's Picture on Currency Notes
Ker. HC: Bulk Possession of Counterfeit Currency Notes Would Only Lead to Conclusion of Trafficking(21.03.2024)
Kerala High Court held that possessing counterfeit coins in bulk would only lead to the conclusion that the accused carried and possessed them with th.....
Tags : Kerala High Court, Counterfeit Currency Notes, Trafficking
Calcutta HC Dismisses PIL Praying to Print Netaji Subhas Chandra Bose's Image on Indian Currency(25.04.2022)
Calcutta High Court has dismissed a Public Interest Litigation (PIL) plea seeking directions to print images of Netaji Subhash Chandra Bose on Indian .....
Tags : Calcutta High Court, Indian Currency
RBI Allows Firms having Forex Exposure to Book Forex Forward and Foreign Currency(09.10.2015)
RBI has allowed all resident individuals, firms and companies, who have actual or anticipated foreign exchange exposures, to book foreign exchange for.....
Tags : RBI,Forex Forward ,Foreign Currency
RBI Turns Net Seller of Foreign Currency in August(13.10.2015)
Reserve Bank of India (RBI) for the first time in the past one year has turned net sellers of foreign currency in August to help arrest the slide in t.....
Tags : Reserve Bank of India (RBI),Foreign Currency
SC Asks Bitcoin Scam Accused to Share Information With ED(19.04.2022)
Supreme Court has pulled up Ajay Bhardwaj, the accused in the Gain Bitcoin scam, for not complying with its direction to disclose details of the user.....
Tags : Supreme Court , Enforcement Directorate, cryptocurrency, Bitcoin
Delhi HC Issues Notice on Plea for Guidelines Against Crypto-Currency Exchanges Advertisements(15.07.2021)
Delhi High Court has issued notice on plea seeking issuance of guidelines or rules to be framed against the crypto currency exchanges in India adverti.....
Tags : Delhi High Court, Crypto-Currency Exchanges Advertisements
Calcutta High Court to ITAT: Refund Seized Money in New Currency(20.04.2017)
Calcutta High Court has ordered Income Tax Department to refund in valid/new currency, any money held by it on account of a Court order.
Tags : Calcutta High Court, ITAT, new currency
Apex Court Issues Notice on Plea to Permit Deposit of Demonetized Currency Worth Rs 1.17 Crores(02.09.2019)
Apex Court has issued notice to the Reserve Bank of India regarding a petition filed by a Madurai based businessman before the Supreme Court seeking d.....
Tags : Apex Court, Demonetized Currency
RBI Issues Cross-Currency Futures Norms(11.12.2015)
Reserve Bank of India (RBI) has issued guidelines for introduction of cross currency futures and exchange traded cross-currency option contracts in th.....
Tags : RBI , Cross-Currency Futures Norms
Supreme Court Dismisses IT Department’s Appeal Against RCom(23.11.2016)
Supreme Court has dismissed Income Tax (IT) Department’s appeal seeking to tax proceeds of $1.5-billion Foreign Currency Convertible Bonds (FCCBs) iss.....
Tags : Supreme Court, Income Tax, Foreign Currency Convertible Bonds, Reliance Communications
Supreme Court Refuses to Stay Transfer of Cases Relating Demonetization of Rs 500 & Rs 1000 Notes(23.11.2016)
Supreme Court has refused to stay transfer of proceedings against demonetisation of Rs500 and Rs1,000 currency notes across various High Courts in the.....
Tags : Supreme Court, demonetisation, Rs500, Rs1,000, currency notes