The Ministry has laid out the detailed actions to be undertaken by eligible entities to comply with the decision of the Union Government which had permitted 26% FDI under the Government approval route.
RBI has declared that the provisions of Sections 45-IA, 45-IB, and 45-IC of the Reserve Bank of India Act, 1934 (2 of 1934) shall not apply to a non-banking financial company
The International Financial Services Centres Authority has released the International Financial Services Centres Authority (Procedure for Authority Meetings) Regulations, 2020.
The Chairman and Members of the 15th Finance Commission on 16.11.20 presented a copy of the Commission's report for the period 2021-22 to 2025-26, to the Prime Minister Shri Narendra Modi.
RBI discontinues 17 returns/reports under the Foreign Exchange Management Act, 1999
A meeting of the International Financial Services Centres Authority was held on 11th Nov 2020. The IFSC Authority, after detailed deliberations, approved the International Financial Services Centres Authority (Banking) Regulations, 2020.
IFSC's final report presented to IFSCA makes several recommendations for Banking, Insurance and Capital Markets segment
The 15th Finance Commission led by Chairman Sh N K Singh submits its Report for 2021-22 to 2025-26 to the President of India
Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman participated in the 1st BRICS Finance Ministers and Central Bank Governors (FMCBG) meeting under the BRICS Russian Chairmanship.
It has been decided to restore trading hours for regulated markets. Accordingly, with effect from November 9, 2020, the trading hours for the markets regulated by the Reserve Bank have been increased.
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