Finance Minister Smt. Nirmala Sitharaman says momentum of reforms continues during the pandemic and will continue; Economy is facing a reset exercise In the present pandemic times when the headwinds to growth have exacerbated, the reforms momentum has continued, and will continue in the future as..
Union Ministry of Information and Broadcasting has today issued a public notice to facilitate eligible entities involved in uploading/streaming of news and current affairs through digital media, to comply with the decision of Union Government on 18th September 2019, which had permitted 26% FDI ..
The Reserve Bank of India 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. Read the official announcement below: RESERVE BANK OF INDIA (Department of Regulation) NOTIF..
The International Financial Services Centres Authority has released the International Financial Services Centres Authority (Procedure for Authority Meetings) Regulations, 2020. Read all the amendments made below: MINISTRY OF FINANCE (Department of Economic Affairs) (INTERNATIONAL FINANCIAL..
The Chairman and Members of the 15th Finance Commission today presented a copy of the Commssion’s report for the period 2021-22 to 2025-26, to the Prime Minister Shri Narendra Modi. The Commission had submitted its report to the President of India on 4 November 2020. Chairman Shri N K Singh..
RBI/2020-21/66 A.P. (DIR Series) Circular No. 05 November 13, 2020 To All Authorised Persons Madam/Sir Discontinuation of Returns/Reports under Foreign Exchange Management Act, 1999 The attention of Authorised Persons is invited to the Master Direction - Reporting under Forei..
The IFSC International Retail Business DevelopmentCommittee was appointed by International Financial Services Centres Authority (IFSCA) on Aug 3, 2020 with a mandate to submit a report in three months’ time. The Committee had earlier submitted two interim reports covering banking and insurance..
A meeting of the International Financial Services Centres Authority (IFSCA) was held today. The IFSC Authority, after detailed deliberations, approved the International Financial Services Centres Authority (Banking) Regulations, 2020. Banking constitutes one of the major focus areas of IFSC and i..
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 today. The agenda of the meeting included discussions on the outcomes of G20 Saudi Presidenc..
The Fifteenth Finance Commission (XVFC) led by Chairman Sh N K Singh, today submitted its Report for the period 2021-22 to 2025-26 to the Hon’ble President of India. Members of the Commission, Shri Ajay Narayan Jha, Prof. Anoop Singh, Dr. Ashok Lahiri and Dr. Ramesh Chand along with Secretary ..