RBI releases Report of the Committee to Review Facilities for Individuals under FEMA, 1999 The Reserve Bank of India (RBI) today placed on its website (www.rbi.org.in) the Committee Report to review facilities for individual under FEMA 1999. The R
Dr. Subbarao re-appointed RBI Governor for two more years The Government of India today approved the extension of the term of Dr. D. Subbarao as the Governor of the Reserve Bank of India. Dr. Subbaraos term has been extended for a period of
Says Government to Fast Track the Implementation of Pending Reforms; to Focus on Encouraging Greater Domestic Consumption and Give Impetus to Drivers of Domestic Growth The Union Finance Minister Shri Pranab Mukherjee said that the recent devel
The Reserve Bank of India (RBI) in its first quarter review of Monetary Policy 2011-12 on July 26, 2011 has raised the repo rate from 7.5 per cent to 8.0 per cent. The reverse repo rate under the liquidity adjustment facility, determined with a sp
All the members of Institute of Chartered Accountants of India (ICAI), who are in practice, are hereby informed that the Council has formulated the following Know Your Client Norms (KYC norms) at its 307th Meeting held on 13th July, 2011,
It is a matter of great honour to have been elected as President of this great Institution for the year 2011-12.
RBI/2011-12/135 DBOD.BP.BC. No. 26 / 21.01.001/2011-12 August 1, 2011 To, The Chairmen / Chief Executives of All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Misuse of Banking Channels - Issue and Payment of Demand Drafts for Rs. 50,0
FM says fundamentals of the economy are strong; asks top business leaders to play a proactive role to build synergy and for propelling the economy to the path of higher trajectory of growth The Union Finance Minister Shri Pranab Mukherjee has ex
The Chairman Economic Advisory Council to the Prime Minister, Dr. C. Rangarajan released the ‘Economic Outlook 2011-12’ in New Delhi today. Following are the highlights: Economy to grow at 8.2% in 2011-12 Agriculture grew at 6.6% i
The Council at its 201st meeting held on 23rd-24th June, 2011, in supersession of its earlier decision which was notified in October, 2008 issue of Chartered Secretary, has decided that with effect from 24th June, 2011, for the pur
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