If your KYC (Know Your Customer) status is not validated, it could potentially impede your ability to make investments from April 1. KYC validation is a crucial process mandated by
THE RESERVE Bank of India (RBI) Friday announced the withdrawal of its highest value currency note, Rs 2,000, from circulation, adding that the notes will continue to be legal tender.
Government notifies that following transactions done by CA, CS & CMA on behalf of their client will be covered under Prevention of Money-laundering Act, 2002.S.O. 2036(E).In exercise of the powers
The legal framework for administration of foreign exchange transactions in India is provided by the Foreign Exchange Management Act, 1999, (FEMA), which came into force with effect from June 1,
The digital rupee, also known as the Digital Indian Rupee (DIR), has been a hot topic in the Indian financial sector for some time now. The idea behind the digital
About Types of ECBs ECBs can be broadly classified into foreign currency denominated ECB (FCY denominated ECB) and rupee-denominated ECB (INR denominated ECB). FCY denominated ECB Here, ECB is raised
For the prosperous economy of a country, all types of transactions play a vital role. These days high seas sales and Merchant Trading Transactions have become quite common wherein goods
e-Rupee is an electronic form of sovereign currency while UPI applications such as Google Pay, PhonePe, NEFT, and RTGS are different methods of transferring funds or payment mediums. The Reserve
The Reserve Bank of India (RBI) has recently started a pilot for the digital rupee — India's very own digital currency. Touted as the e-Rupee or digital rupee, the RBI's
F.No. 476/3/2018-LCGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Indirect Taxes & Customs******Room No. 227A, North Block, New Delhi.Dated the 9th December 2022 To,Pr. Chief Commissioners/ Chief Commissioners (Customs